Money Laundering Investigator

nedbank; Johannesburg; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading South African bank is seeking a professional to investigate unusual transactions pertaining to money laundering and report to regulatory authorities. Responsibilities include engaging stakeholders, managing investigations, and recommending process improvements. The successful candidate will hold a diploma and have significant experience in banking, particularly related to money laundering. This role emphasizes strong analytical skills and adherence to regulatory standards, contributing to the safety and integrity of financial services.

Qualifications

• 5 years experience in banking and/or financial institution.
• 3 - 5 years experience in banking, specifically money laundering.
• Certificate in Money Laundering Control preferred.

Responsibilities

• Investigate unusual and/or suspicious transactions related to money laundering.
• Prepare and submit reports to the Financial Intelligence Centre (FIC).
• Engage with stakeholders to meet regulatory expectations.
• Manage investigations and provide guidance on suspicious activities.

Skills

Forensic examination

Fraud investigation methodology

Business writing skills

Relevant regulatory knowledge

Governance, Risk and Controls

Decision Making

Work Standards

Technical/Professional Knowledge and Skills

Education

Diploma

Job description

Location: Johannesburg

Closing Date: 16 January 2026

Job Family

Risk, Audit and Compliance

Manage Self: Technical

Job Purpose

To investigate unusual and/or suspicious transactions that may fall within the ambit of money laundering andaccordingly report to the Financial Intelligence Centre (FIC) to ensure Nedbank meets regulatoryrequirements.

Job Responsibilities

• Highlight relevant risks pertaining to potential money laundering activities.
• Liaise with stakeholders to fully understand expectations and/or requirements to provide feedback to management and stakeholders on progress and to ensure expectations are met.
• Interact with stakeholders within Group Forensic Services (GFS) to build and maintain mutually beneficial relationships to ensure alignment of regulatory requirements and to ensure further action taken on matters referred.
• Provide objective input to stakeholders on, and create awareness of, unusual and/or suspicious activities and actions to be implemented, to mitigate risk, maintain collaborative relationships and meet expectations and needs of clients.
• Respond to requests for guidance on unusual and/or suspicious activities from stakeholders.
• Provide information to stakeholders on unusual and/or suspicious activities.
• Manage billable hours allocated. Investigate alleged unusual and/or suspicious transactions.
• Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
• Stay abreast of developments in field of expertise, ensuring personal and professional growth.
• Understand and embrace the Nedbank vision and values, leading by example.
• Add value to Nedbank by identifying and recommending opportunities to enhance processes, systems and policies.
• Maintain knowledge management, and improve team success by sharing knowledge with team to ensure information is provided correctly to stakeholders.
• Use and access various resources to conduct investigations and report unusual and/or suspicious activities. Substantiate referral of unusual and/or suspicious activities.
• Analyse information by following quality standards and methodology, compile report containing findings of unusual and/or suspicious transactions, and submit reports of these transactions to the Financial Intelligence Centre (FIC) to meet regulatory requirements.
• Record details of unusual and/or suspicious transactions.
• Identify operational and risk related issues. Update management information on relevant system (MIS) so that information regarding fraudulent trends can be reported to Enterprise Risk Committees (ERCOs) and Money Laundering Executive Steering Committees (MLCP) for implementation of preventative and corrective action.

Essential Qualifications - NQF Level

• Diploma

Preferred Qualification

Certificate: Money Laundering Control

Essential Certifications

• Institute of Commercial Forensic Practitioners (ICFP), Association of Certified Anti-Money Laundering Specialists (ACAMS), Association of Certified Fraud Examiners (ACFE) - preferred, not essential

Minimum Experience Level

• 5 years experience in banking and/or financial institution
• 3 - 5 years experience in banking, specifically money laundering

Technical / Professional Knowledge

• Forensic examination
• Fraud investigation methodology
• Governance, Risk and Controls
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Business writing skills
• Decision Making
• Work Standards
• Managing Work
• Technical/Professional Knowledge and Skills

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Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP16).

For assistance please contact the Nedbank Recruiting Team at [phone]