Aml, Cft and Sanctions Assurance Officer

Job Family
- Risk, Audit and Compliance

**Job Purpose**
- To conduct reviews of Nedbank's regulatory implementation associated with money laundering, terrorist financing and sanctions compliance to ensure all required controls, regulatory requirements and international regulatory standards across the Nedbank Group are adhered to.

**Responsibilities**:

- Provide applicable assurance to the regulator and/or supervisor on the implementation of the required controls, regulatory requirements and international regulatory standards by conducting reviews according to the annual monitoring plan
- Identify the likelihood and probability of being imposed with a regulatory risk penalty, criminal liability and/or administrative sanction, from the reviews conducted on the implementation of regulatory risk requirements
- Provide feedback and recommendations to stakeholders on the outcome of reviews conducted on the implementation of the required controls, regulatory requirements, and international regulatory standards through formal engagements.
- Liaise with stakeholders to fully understand expectations and/or scope of regulatory implementation assurance to be provided.
- Engage with stakeholders to provide clarification and recommendations on the outcome of reviews conducted on the implementation of the required controls, regulatory requirements, and international regulatory standards.
- Perform reviews in accordance to the Group Anti Money Laundering, Counter Terrorist Financing and Sanctions Programmes (Group AML, CFT and Sanction
- Programmes) annual monitoring plans
- Identify and highlight associated risks on the required controls from the reviews conducted.
- Provide assurance to stakeholders on the required controls, regulatory requirements and international regulatory standards through oversight of policies, procedures, processes, practices, training and systems implemented (e.g. client on-boarding processes, client verification, sampling client documentation and/or information, record keeping, timeframe for record retrieval, reporting obligations, effectiveness of training and awareness, enhanced due diligence applied, escalation process followed, etc.)
- Prepare reports on the outcome of reviews, inclusive of recommendations and/or the corrective and/or remedial implementation, for submission to the relevant governance forums and structures for corrective action or assurance.
- Provide the outcome of the reviews, inclusive of recommendations, to internal stakeholders for further actioning, implementing, and monitoring
- Assess the implementation of corrective and/or remedial action taken by stakeholders from the review, and/or audit findings, and provide assurance on the corrective and/or remedial implementation.

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

Preferred Qualification
- BA Law and/or BComm

Preferred Certifications
- Compliance Institute of South Africa (CISA)

Minimum Experience Level
- 3 - 5 years’ experience in risk management and/or compliance management

**Technical / Professional Knowledge**
- Change management
- Cluster specific operations
- Compliance reporting
- Governance, Risk and Controls
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Reputational risk management
- Risk management process and frameworks
- Stakeholder management
- Codes of Good Governance

**Behavioural Competencies**
- Adaptability
- Applied Learning
- Communication
- Decision Making
- Driving for results
- Work Standards
- **_Please contact the Nedbank Recruiting Team at
+27 860 555 566
_