Senior Manager AML, CFT, CPF & Sanctions

Job Classification

Job Family

• Risk, Audit and Compliance

FAIS Affected

Job Purpose

• To have oversight, direct, drive, provide advice and input into the management of research, analysis, interpretation, development, and maintenance of AML, CFT, CPF and sanctions Business as Usual (BAU) requirements; and manage all AML, CFT, CPF and sanctions training, awareness, and communication 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 are met.

Job Responsibilities

• Oversight of the management of Business-As-Usual matters related to the Risk Management and Compliance Programme (RMCP) policies, principles, methodologies, and processes to ensure alignment with best practice and regulatory risk requirements.
• Management of all training, awareness and communication related to AML, CFT, CPF and sanctions requirements to ensure alignment with best practice and regulatory risk requirements.
• Provide advice and manage the provision of advice to stakeholders on Anti-Money Laundering, Counter Terrorist Financing, and sanctions (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 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.
• Provide and manage the provision of advice, guidance and assistance to local regulatory risk requirements and Nedbank Group regulatory risk standards to ensure mitigation of risk associated with money laundering, terrorist financing, proliferation financing, and sanctions.
• Interact and manage the interaction with stakeholders to convey best practice and regulatory risk requirements and to understand stakeholder expectations and/or requirements to ensure mitigation of risk and fulfilment of expectations.
• Interact and manage the interaction with stakeholders, through formal and informal engagements to build and maintain collaborative relationships and to ensure alignment of regulatory requirements as set by South African Reserve Bank (SARB) and Financial Intelligence Centre (FIC) and Financial Sector Conduct Authority (FSCA).
• Maintain stakeholder relationships by representation through formal and informal channels to ensure collaborative relationships.

Job Responsibilities Continued

• Maintain relationships with external stakeholders such as BASA, SARB, FIC & FSCA to provide input to guidance notes/Public Compliance Communications (PCC's), any ML, TF, PF and Sanctions industry related matter.
• Drive, manage and lead the process of the identification, assessment, and management of risk through development and maintenance of risk assessments.
• Ensure the management of the analysis and accurate identification of risks and gaps through review of relevant information to mitigate risks associated with money laundering, terrorist financing, and sanctions.
• 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.
• Utilise resources effectively and efficiently by delegating deliverables according to specialised skills-set to ensure work completed to correct standard and expectations.
• Represent and/or support the Chief AML, CFT, CPF and Sanctions Officer at relevant governance forums, structures, meetings, engagements, regulatory interactions when required.

Essential Qualifications - NQF Level

Preferred Qualification

• BCom and/or LLB

Preferred Certifications

• ACAMS or UJ AML certificate preferable

Minimum Experience Level

• 8 - 10 years
• AML, CFT, Sanctions (7-10 years)
• Risk Management (7-10yrs)
• Banking (5-7 years)
• Reporting (3-6 yrs)
• Project Management (3 -6yrs)
• Managing People (5 – 7 years)

Technical / Professional Knowledge

Behavioural Competencies

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