Sm: Bsu

2 weeks ago

Johannesburg, Gauteng, South Africa Nedbank Full time

Job Title

  • Senior Manager: Business Support Unit (BSU) (JR126318)
    Job Purpose
  • To be accountable for ensuring efficient and effective data-driven decision-making on identified risk transactions. To lead and assist in the creation and management of the Centre of Excellence for Transaction screening / Anti Money Laundering (AML).

Responsibilities:

  • Provide Subject Matter Expertise input into transactional screening methodologies, systems, and processes to ensure a robust screening process that safeguards Nedbank and the payment system from illicit and unethical fund transfers that may lead to both reputational and regulatory risks
  • Actively review Transactional Verification Centre (TVC) escalations including Trade-based finance (TBF) documentary credit transactions, high-risk industries, Inward Telegraphic Transfer (ITT), and Outward Telegraphic Transfer (OTT) concerning Money Laundering (ML), Terrorist Financing (TF), reputation risk, sanctions, and financial crime red flags in alignment with the stipulations set by CIB AML or Group AML.
  • Analyze escalations per sector and client, and recommend specific TVC mandates to expedite transaction screening, enhance client satisfaction, and optimize escalation efficiency.
  • Offer expert advisory services on dual-use goods, high-risk industries, geographical risks, reputation risks, financial crimes, and on inquiries related to reputational, regulatory, and financial crime risks
  • Enhance the client experience by delivering efficient and dependable services throughout the relevant value chain
  • Establish a streamlined approval and escalation process for high-risk industries and TBF by developing efficient processes, systems, and outcomes to effectively manage applicable risks
  • Accountable for the preparation, coordination, approval, and upkeep of Transaction Due Diligence documentation (TDD) for CIB clients involved in documentary trade products.
  • Prioritize transactional analysis, provide decisions following mandates, and escalate to the Transactional Reputational Risk Committee (TRCC), providing management information to the pertinent risk governance committees
  • Prepare and submit Enhanced Due Diligence (EDD) collaboratively with the relevant CIB coverage or the commercial banker to the TRCC for review and approval.
  • Enhance efficiency by digitalizing the end-to-end business support value chain, including the transaction screening process.
  • Monitor, visualize, and report key performance (operational and financial) metrics, risk indicators, and control indicators to relevant reporting structures.
  • Conduct regulatory awareness and training sessions as required within Client Delivery
  • Uphold and influence SARB regulations, Group policies, and guidelines in cooperation with Group AML to enrich risk profiling and client experience.
  • Effectively manage the team across the HR value chain encompassing recruitment, performance management, critical staff retention, succession planning, coaching, and talent management
  • Oversee the performance of direct reports and ensure their accountability for managing their employees' performance


 Essential Qualifications
  • NQF Level
  • Advanced Diplomas/National 1st Degrees


 Preferred Qualification
  • Advanced Diploma/National 1st Degrees in pertinent business-related fields such as Finance, Law
  • Honours Degree in relevant business-related field(s)


 Essential Certifications
  • ACAMS, or relevant internal audit, ops risk, forensic investigations certifications
  • Minimum Experience Level 10 years + experience in financial services or banking
years + management experience

Technical / Professional Knowledge

  • Banking knowledge
  • Process Engineering Skills
  • Business Analysis
  • Research and analytics
  • Data analysis
  • Project Management
  • Research methodology


 Behavioural Competencies
  • Customer Orientation
  • Continuous Improvement
  • Building partnerships
  • Driving Innovation
  • Guiding Team Success
  • Building Customer Relationships
  • Planning and Organizing
  • Coaching

  • Sm: Bsu

    2 weeks ago

    Johannesburg, South Africa Nedbank Full time

    **Job Title** - Senior Manager: Business Support Unit (BSU) (JR126318)**Job Purpose** - To take accountability for ensuring efficient and effective evidence-based decision-making on identified risk transactions. To steer and support the establishment and management of the Centre of Excellence for Transaction screening / Anti Money Laundering...