Regulatory Risk Monitoring Officer

Job requisition and Specialist Recruiter details

REQ: 139365

Role: Regulatory Risk Monitoring Officer C5

Area: Namibia

Advert closing date: 26/05/2025

Job Family

Risk, Audit and Compliance

Career Stream

Regulatory Compliance

Leadership Pipeline

Manage Self: Technical

Job Purpose

To analyse and monitor regulatory risk indicators associated with money laundering; terrorist financing and sanctions compliance to ensure risks to the NNH Group are mitigated.

Job Responsibilities

• Ensure compliance to regulatory requirements, improved business results and client service by identifying the likelihood and probability of being imposed with a regulatory risk penalty, criminal liability and/or administrative sanction, through analysing and monitoring risk indicators and advising stakeholders accordingly.
• Analyse, monitor and track regulatory risk indicators by highlighting possible risks and ensuring reporting takes place within regulatory required timelines.
• Build and maintain collaborative relationships and ensure smooth flow of work and alignment of regulatory requirements as set by South African Reserve Bank (SARB) and Financial Intelligence Centre (FIC) by interacting with Heads of Governance and Compliance, through engagement at meetings.
• Obtain buy-in for implementation of proposed continuous improvement changes and initiatives by engaging with Heads of Governance and Compliance during meetings.
• Mitigate risk, maintain collaborative relationships, and meet expectations and needs of clients by providing professional, objective input and creating awareness to stakeholders on relevant alerts and actions to be implemented.
• Analyse and review information to ensure accuracy of information and correct processes followed by obtaining statistical and transactional data from relevant systems, reports and data from subsidiaries and stakeholders.
• Identify relevant breached thresholds as to identify potential risks and trends and ensure compliance standards are adhered to by downloading, preparing, sorting, interrogating, and interpreting information and data.
• Communicate identified risks, trends and corrective actions to be taken by relevant stakeholders through reports, governance forums/structures and meetings.
• Follow up on identified risks and corrective action to be taken by stakeholders within specified timeframe through meetings and/or electronic medium.
• Provide an oversight of risk indicators by reviewing reports submitted by stakeholders to governance forums and structures.
• Provide input into new reports or enhancements to existing reports through gaps identified during analysis of risk indicators.
• Obtain buy-in for developing new and/or enhanced reports that will improve reporting of risk indicators and/or proposed corrective action to be taken by business by highlighting benefits and associated regulatory risks, and by gaining support for ideas and initiatives.

Abilities Requirements

•    Analytical Ability 
•    Data Analysis
•    Managing Change 
•    Driving Execution 
•    Financial & Business Acumen
•    Strong decision making and problem-solving skills
•    Excellent communication & interpersonal skills 
•    Ability to work independently, accurately and under pressure 
•    Planning & Organizing 
•    Business Writing Skills
•    Quality Orientation

Educational and Experience Requirements

• Professional Qualification: Qualification in Audit, Quantitative & Qualitative Data Analytics or equivalent.
• Preferred Certification: Associated Certified Anti-Money Laundering Specialist (ACAMS) will be an added advantage.
• Two (2) to three (3) years’ experience in analysing and monitoring risk indicators in Anti-Money Laundering (AML), Counter Terrorist Financing, Sanctions Compliance in a banking environment or similar.
• Demonstrate Banking Industry Knowledge,
• Namibian citizen.

Closing Date

26 May 2025

How to Apply

Interested candidates should forward their updated Curriculum Vitae (CV) and cover letter via:

https://jobs.nedbank.co.za/search/?createNewAlert=false&g=&locationsearch=namibia

(Affirmative Action Candidates are encouraged to apply)

Please note that only shortlisted candidates will be contacted.