AML, CFT, CPF Sanctions and Excon Monitoring Officer - Transactional Monitoring and Screening

Requisiton Details

REQ Number: 147017

Closing Date: 31 July 2026

Location: Sandton, Johannesburg

Job Family

Risk, Audit and Compliance

Career Stream

Regulatory Risk

Leadership Pipeline

Manage Self: Professional (MSP)

Job Purpose

To analyse, monitor and report on regulatory on regulatory and international best practice risk indicators, trends, typologies and systems associated with money laundering, terrorist financing, proliferation financing, sanctions and exchange control to ensure that risks to Nedbank Group are mitigated.

Job Responsibilities

• Identify 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 advise stakeholders accordingly, to ensure compliance to regulatory requirements, improved business results and client service.


• Analyse, monitor and track regulatory risk indicators by highlighting possible risks and ensuring reporting takes place within regulatory required timelines.


• Interact with stakeholders through engagement at meetings, to 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).


• Engage and interact with stakeholders to provide clarification, advice, guidance and assistance related to the monitoring of regulatory risk indicators associated with money laundering, terrorist financing, proliferation financing, sanctions and exchange control to mitigate risks to the Nedbank Group.


• Engage with stakeholders during meetings to obtain buy-in for implementation of proposed continuous improvement changes and initiatives.


• Provide professional, objective input and creating awareness to stakeholders on relevant alerts and actions to be implemented, to mitigate risk, maintain collaborative relationships and meet expectations and needs of clients.


• Obtain statistical and transactional data from relevant transaction monitoring and screening systems (e.g. GoAML, Safewatch, Actimize SAM, Nedbank Data Warehouse etc.), reports and data from subsidiaries and stakeholders as to analyse and review information to ensure accuracy and correct processes followed.


• Review internal controls and documentation for quality assurance and ensure corrective action is taken, where required.


• Download, prepare, sort, interrogate and interpret information and data to identify relevant breached thresholds as to identify potential risks and trends and ensure compliance standards are adhered to.


• Communicate identified risks, trends and corrective actions to be taken by relevant stakeholders through reports, governance forums/structures and meetings to ensure corrective action is implemented and risks mitigated.


• Follow up on identified risks and corrective action to be taken by stakeholders within specified timeframe through meetings and/or electronic medium to ensure that regulatory requirements are met.


• Provide oversight of risk indicators (e.g. suspicious transactions reporting, cash threshold reporting, international funds transfer reporting etc.) by reviewing reports submitted by stakeholders to governance forums and structures to ensure that compliance requirements are adhered to and corrective / mitigating actions taken.


• Provide input into new reports or enhancements to existing reports through gaps identified during analysis of risk indicators to ensure risks are exposed and mitigated.

Job Responsibilities Continue

• Identify opportunities to improve or enhance business processes and methodologies by researching, developing, implementing, and recommending improvement initiatives and effective ways to operate and add value to Nedbank.


• Understand relevant transactional monitoring, screening and reporting business processes, system flows and system integration with a view to be able to monitor exceptions relating to these.


• Provide input into the definition and testing of system controls for regulatory reporting and monitoring (e.g. GoAML, Safewatch, Actimize SAM, Suspicious Transaction Reporting, Cash Threshold Reporting, International Funds Reporting, etc.)


• Provide input into the effective delivery of projects, systems and initiatives through interpretation and application of best practice and regulatory risk requirements.


• Provide input into training sessions and/or share knowledge of trends and identified risks with team and stakeholders during formal and informal interaction so that relevant upskilling takes place.


• Identify training courses and career progression for self through input and feedback from management to improve personal capability and to stay abreast of developments in field of expertise.


• Ensure all learning curriculum activities are completed within specified timeframe to ensure personal growth and application of new competence in function to enable effectiveness in performance of roles and responsibilities

• Participate in Nedbank Culture building initiatives (e.g. Surveys etc.) contributing to a culture conducive to the achievement of transformation goals.


• Participate and support corporate social responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).

Essential Qualifications - NQF Level

Preferred Qualification

• 
  
  Completed NQF Level 7 qualification (Advanced Diploma or Degree) in Law, Compliance, Risk Management, or a related field.
  
  


• Information Systems / Information Technology relevant Qualifications

Preferred Certifications

• Associated Certified Anti-Money Laundering Specialist (ACAMS)


• Information Systems / Data Analysis / Data Management certifications

Minimum Experience Level

• 3 - 5 years’ experience in analysing and monitoring risk indicators in Anti-Money Laundering (AML).


• 
  
  Proven experience in Counter Terrorist Financing (CTF), Sanctions Compliance, and/or Exchange Control in a banking environment or equivalent.
  
  

Type of Exposure

• Interacting with various information systems relating to AML, CFT, CPF, Sanctions and Excon


• Analysing and interpreting quantitative and qualitative data


• Analysing regulatory and international best practice risk indicators and controls


• Identifying business risks


• Consolidate data from various sources and identify/interpret trends


• Drafting reports for consumption at various levels of Management


• Interacting with various levels of management


• Influencing stakeholders to obtain buy-in for concepts and ideas


• Sharing information in different ways to increase stakeholders understanding


• Monitoring adherence and compliance defined controls


• Displaying high level of ethics, integrity and confidentiality

Technical / Professional Knowledge

• Relevant knowledge of AML, CFT, CPF, Sanctions and Excon applicable regulations


• Relevant software and systems knowledge (Actimize SAM-R, SAM-C, WLF, CDD, FIC goAML, World-Check, Finsurv, Eastnets Safewatch etc)


• Data analysis


• Governance, risk and controls


• Risk management


• Stakeholder management


• Business acumen


• Industry trends


• Business writing skills


• Microsoft Office products

Behavioural Competencies

• Analytical and detail oriented


• Adaptability


• Collaboration and teamwork


• Stakeholder management and influencing


• Strong communication skills


• Sound decision making


• Driving for results