Head AML, CFT & Sanctions Subsidiaries

Job Family

• Risk, Audit and Compliance

FAIS Affected

Job Purpose

• To lead, direct, drive, manage, provide advice and input into research, analysis, interpretation, development and maintenance of AML, CFT, CPF and sanctions requirements based on regulatory requirements and informed by best practice and associated with money laundering, terrorist financing, proliferation financing and sanctions risk management to ensure local and international regulatory standards across the Nedbank Group Subsidiaries are met.

Job Responsibilities

• Provide oversight and advisory to the Nedbank Group Subsidiaries in respect of Risk Management and Compliance Programme (RMCP) policies, principles, methodologies, processes and training to ensure alignment with best practice and regulatory risk requirements.
• Provide advice and manage the provision of advice to stakeholders on AML, CFT, CPF and Sanctions risk management requirements to ensure understanding and compliance regulatory requirements and alignment with best practice in terms of risk management.
• Ensure understanding and compliance regulatory requirements and alignment with best practice in terms of risk management.
• Drive, manage and lead the process of the identification, assessment and management of risk.
• Monitor the identification of risks identified, feedback and corrective action implemented through oversight of engagements with stakeholders, to ensure these risks are monitored through applicable governance forums and structures.
• Ensure identification of the likelihood and probability of being imposed with a regulatory risk penalty, criminal liability and/or administrative sanction, through managing the identification, assessment, management of regulatory risk requirements and implementation and training of regulatory requirements considering both group standards and local legislation requirements.
• Provide input into the effective delivery of projects, systems and initiatives through interpretation and application of best practice and regulatory risk requirements.
• Interact with stakeholders, through formal and informal engagements to build and maintain collaborative relationships.
• Provide input into strategic principles and processes to ensure sustainable strategic compliance.
• Ensure the analysis and accurate identification of risks and gaps through review of relevant information to mitigate risks associated with AML, CFT, CPF and Sanctions.
• Utilise resources effectively and efficiently by delegating deliverables according to specialised skills-set to ensure work completed to correct standard and expectations.
• Represent the Chief AML, CFT and Sanctions Officer at relevant governance forums, structures, meetings, engagements, regulatory interactions, when required.
• Manage resources, retention and critical staff.
• Ensure leadership-relevant strategies and plans have been communicated and implemented.
• Manage performance of direct reports by ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, mentoring, coaching, recognising and rewarding achievement and take appropriate corrective action where required.
• Build depth of skills and knowledge in the team by sharing knowledge and insight with team members
• Ensure continuous improvement goals are achieved by creating an environment whereby self, managers and team are encouraged to challenge the status quo.

Essential Qualifications - NQF Level

• Professional Qualifications/Honour’s Degree

Essential Certifications

• Institute of Commercial Forensic Practitioners (ICFP)
• Association of Certified Anti-Money Laundering Specialists (ACAMS)
• Association of Certified Fraud Examiners (ACFE)

Preferred Qualification

• CA(SA), CFA and /or relevant risk-related post graduate qualification

Minimum Experience Level

• 11 years +
• AML, CFT, Sanctions (7-10 years);
  Business Acumen (11 years +)
• Risk Management (7-10yrs)
• Banking (5-7 years) Reporting
• (7-10 yrs) Project Management (3-4yrs)
• Managing People (7 years)

Behavioural Competencies

• Driving for Results
• Building Partnerships
• Strategic Planning
• Execution
• Stress Tolerance
• Business Acumen
• Adaptability

Technical / Professional Knowledge

• Financial Accounting Principles
• Performance management
• Business administration and management
• Communication Strategies
• Employee training/development
• Relevant regulatory knowledge
• Governance, risk and controls
• Principles of project management
• Business writing and presentation skills
• Capacity planning

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Please contact the Nedbank Recruiting Team at