Job Purpose

•  To perform administrative related processes within the business unit in accordance with authorised mandates, policies and procedures as required in line with Nedbank strategy.

Job Responsibilities

• To perform administrative oversight on all client records in line with requirements to ensure regulatory compliance with respect to FATCA / CRS, beneficial ownership, Restrictions and WLF alerts.
• Manage the input provided into new and existing business products and processes in relation to regulatory requirements to improve effectiveness.
• Stay up-to-date with legislative changes to keep in line with best practice, regulatory compliance and industry standards.
• Develop collaborative internal relationships by understanding each other’s roles.
• Assist in conducting thorough due diligence on Beneficial ownership, Fatca/Crs , Restrictions and WLF alerts
• Review the reporting and articulation of compliance and regulatory risks by stakeholders through formal and/or informal reviews, and provide input to prevent ambiguity, and ensure accurate reporting to enable management to adequately resource the compliance function to address compliance risks.
• Establish relationships with stakeholders by providing guidance, oversight and/or training to ensure compliance and regulatory risks are managed.
• Upskill and train relevant stakeholders with regulatory changes to achieve alignment and legislative compliance.
• Identify and verify the beneficial owners of legal entities, ensuring the information aligns with regulations such as FATF, AML and KYC guidelines.
• Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection of such contraventions to ensure requirements set by regulatory bodies, are met.
• Maintain relationships with internal stakeholders by establishing partnerships in managing compliance risks as well as ensure an open line of communication to assist stakeholders to address compliance risks.
• Identify opportunities to influence the improvement or enhancement of business processes and methodologies by researching and recommending improvement initiatives and effective ways to operate and add value to Nedbank.
• Research and analyze public records, databases, and other relevant sources to identify ownership chains and alerts.
• Meet client needs by building and maintaining sound professional relationships and adhering to Service Level Agreements.
• Manage risks by reporting and/ or escalating and identified risks timeously.

Requirements

• Successfully completed NQF Level 7 or Higher in a Law or Compliance-related field is essential
• Compliance Institute of South Africa (CISA) – preferred, not essential Confidential
• Minimum 3-6 years experience in analysing and monitoring risk indicators in Anti-Money Laundering (AML), Counter Terrorist Financing, Sanctions Compliance in a banking environment.
• Advanced knowledge in FATCA / CRS legislation, Beneficial ownership and Restrictions. 
• Understand and Operationalise Legislation and Methodologies to ensure compliance to requirements.

Technical / Professional Knowledge

• Administrative procedures and systems
• Data analysis
• Microsoft Office
• Relevant regulatory knowledge
• Business writing skills
• Financial Acumen
• Relevant product knowledge
• Knowledge of risk
• Relevant system knowledge

Behavioural Competencies

• Adaptability
• Building Customer Loyalty
• Continuous Learning
• Collaborating
• Work Standards
• Managing Work