• Regulatory Risk Monitoring Officer Windhoek
  • Nedbank in Windhoek, , Namibia
  • jobs
  • 1 week ago

jobs description

Group Regulatory Risk Monitoring Officer

Job Requisition number: 133810

Closing date: 17 May 2024

Location: Namibia - Windhoek

Job Family

Risk, Audit and Compliance

Career Stream

Regulatory Compliance

Leadership Pipeline

Manage Self: Technical

Job Purpose

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.

Job Responsibilities
• 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.

Job Responsibilities Continue
• 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.

Abilities Requirements:
• Data Analysis
• Managing Change
• Driving Execution
• Financial & Business Acumen
• Strong decision making and problem-solving skills
• Excellent communication & interpersonal skills
• Ability to work independently, accurately and under pressure
• Planning & Organizing
• Business Writing Skills
• Quality Orientation

Essential Qualifications - NQF Level
• Advanced Diplomas/National 1st Degrees

Educational Requirements:
• Professional Qualification: 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,
• Namibian citizen.

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


(Persons with Disabilities are encouraged to apply)

Please note that only shortlisted candidates will be contacted.


For any assistance or more info please contact the Nedbank Recruiting Team

+264 61 295 2155 / +264 61 295 2036

Windhoek Namibia


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