Regulatory Risk Monitoring Officer

Description

• 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

Duties

• 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 Bank of Namibia (BON) and Financial Intelligence Centre (FIC)
• Obtain buy-in for implementation of proposed continuous improvement changes and initiatives to improve regulatory compliance
• 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 other relevant information sources
• 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

Requisites

• Essential Qualifications - NQF Level:
• Advanced Diplomas/National 1st Degrees
• Preferred Qualification:
• Must have complete a Qualification in Audit, Quantitative & Qualitative Data Analytics or equivalent
• Preferred Certifications:
• Associated Certified Anti-Money Laundering Specialist (ACAMS) will be an added advantage
• Minimum Experience Level:
• 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
• Technical / Professional Knowledge:
• Business Acumen
• Data analysis
• Ethics and Fraud
• Industry trends
• Microsoft Office
• Nedbank policies and procedures
• Nedbank systems
• Nedbank vision and strategy
• Relevant regulatory knowledge
• Business writing skills
• Behavioural Competencies:
• Applied Learning
• Communication
• Initiating Action
• Building partnerships
• Managing Work
• Quality Orientation

Notes

• Only shortlisted applicants will be contacted