Specialist Excon needed at Nedbank

Job Purpose

• Ownership and adherence to compliance and regulatory requirements pertaining to Cross Border Payments to minimise operational risk and identify and mitigate risk by adhering to the risk framework principles and ensuring sustainable business through alignment of business structures, systems, and processes.

Job Responsibilities

• Actively scrutinise transactions in terms of Exchange Control, Money Laundering (ML), Terrorist Financing (TF), reputational risk, sanctions, and financial crime indicators in line with the requirements set by CIB AML or Group AML Trade based finance (TBF).
• Manage the prioritisation of transactional analysis, providing decisions in line with mandates and escalate identified risk transactions to the relevant support unit/s.
• Ensure an effective control environment based on regulatory compliance, risk management, market conduct and other business process obligations to ensure alignment with independent audit controls.
• Adhere to SARB regulations, Group policy and guidelines.
• Maintain relevant KPIs.
• Identify and resolve pain points through the engagement and escalation to the Senior Manager.
• Support opportunities to improve business processes, systems, and digitisation by implementing effective ways to operate and providing feedback to the Senior Manager
• Resolve exceptions that arise by taking appropriate action to minimise risk and financial loss.
• Ensure seamless client experience through efficient and reliable services by prioritising high value clients.
• Support the operationalisation of products and services needed, minimising organisational complexity and cost to serve through constant control and continuous benchmarking.

Requirements

• NQF Level 6 or Higher in a Finance, Accounting or Economics related-field
• 3 years’ plus experience in financial services focused on Middle Office, Support, Client Operations, Cross Border Payments and Exchange Control

Technical / Professional Knowledge

• Administrative procedures and systems
• Banking procedures
• Business terms and definitions
• Business writing
• Cluster specific operations
• Data analysis
• Governance, Risk and Controls
• Relevant regulatory knowledge
• Relevant software and systems knowledge

Behavioural Competencies

• Adaptability
• Communication
• Collaborating
• Customer Focus
• Decision Making
• Managing Work