Money Laundering Investigator

Nedbank; Johannesburg; On-site; ZAR 700,000 - 1,100,000; Full time

Job summary

Nedbank is seeking an experienced Money Laundering Investigator to assess unusual or suspicious activities and prepare reports for the Financial Intelligence Centre. The role requires collaboration with Group Forensic Services and other stakeholders to ensure regulatory compliance and effective action.

The successful candidate will contribute to risk mitigation, regulatory adherence, and continuous professional growth while upholding Nedbank values and transforming the institution's anti-money

Qualifications

• Diploma or higher in a relevant field.
• Minimum 5 years of money laundering investigations experience in financial services.
• Familiar with AML/CFT regulatory requirements and reporting.

Responsibilities

• Highlight risks related to potential money laundering activities.
• Liaise with stakeholders to understand expectations and provide progress feedback.
• Interact with Group Forensic Services to align regulatory requirements and actions.
• Provide input on unusual/suspicious activities and recommend mitigations.
• Respond to guidance requests on suspicious activities.
• Provide information on suspicious activities to stakeholders.
• Manage billable hours allocated; investigate alleged suspicious transactions.
• Stay abreast of developments in the field; grow professionally.
• Understand Nedbank vision and values; lead by example.
• Add value by improving processes, systems and policies.
• Share knowledge to ensure accurate information to stakeholders.
• Analyse information and compile findings; submit reports to the FIC.
• Record details of unusual transactions and update MIS for reporting.

Skills

Money laundering investigations

Forensic analysis

Regulatory knowledge

Governance & controls

Stakeholder communication

Report writing

Education

Diploma

Certificate in Money Laundering Control and Compliance

Bachelor of Arts in Law

Tools

Regulatory reporting systems

Job description

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 regulatory requirements.

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 in Money Laundering Control and Compliance.

Bachelor of Arts in Law

Essential Certifications

• Completed a certificate in Commercial Forensic Practitioners (ICFP),
  Association of Certified Anti-Money LaunderingSpecialists (ACAMS)
  Association of Certified Fraud Examiners (ACFE)

Minimum Experience Level

• At least 5 years of experience in Money Laundering investigations within the banking or broader financial services sector.

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

---------------------------------------------------------------------------------------

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