We have a permanent opportunity for a Financial Crime Specialist & DMLRO (Deputy Money Laundering Reporting Official)  to join our Compliance Department, based in our Isle of Man Office.

Who We Are

Nedbank Private Wealth is a multi-award-winning private bank and wealth manager headquartered in the Isle of Man, with branches in London, Jersey and a representative office in the UAE. The company provides a full international wealth management offering through its wealth planning, investment management, and banking services, to both business and private clients worldwide.

All our people are expected to consistently demonstrate our 6Cs, Collaboration, Curiosity, Courage, Client Impact, Can Do Attitude and Completeness.

Job Purpose

The Financial Crime Specialist will support the MLROs and the compliance team in the delivery of the regulatory requirements, provide credible challenge to identify, deter and report control deficiencies across financial crime processes, functions systems and controls. The role holder will play an important part in handling financial crime related tasks and projects to ensure the firm continues to meet its regulatory obligations.

Responsibilities & Duties

• Handle BAU financial crime enquiries and provide day-to-day guidance and support to the business, including payment referrals on blocked accounts, prohibited list queries, sanctions referrals, Customer Risk Assessment (‘CRA’) sign -off requests, including PEP, Sanctions and Adverse Media.
• Review amendments to Financial Crime laws and regulations, standards and guidance, principles of good conduct and corporate values, identifying areas which will impact NPWL.
• Assist the Head of Financial Crime with any projects or tasks relating to areas of financial crime including:-
• Financial crime policies, standards and procedures
• Anti-Bribery and Corruption controls, including Gifts and Hospitality
• Tax Avoidance/Evasion (Corporate Criminal Offence)
• Modern Slavery
• Sanctions systems, rules setting, fuzzy logic and alerts investigations controls in conjunction with MLROs
• Transaction Monitoring systems and controls, rules, thresholds in conjunction with MLROs
• Fraud matters
• Screening
• Support the Head of Financial Crime in reviewing the firm’s core systems, including Transaction Monitoring, Customer Screening and Customer Risk Assessment tools ensuring these remain appropriate to meet the firm’s regulatory obligations
• Assist with Thematic reviews
• Make capable and effective decisions and escalate problems within reporting lines.
• Guide business colleagues in the application of AML / CFT / CDD / regulatory requirements in general
• Communicate with Relationship Managers, Private bankers, senior stakeholders and any other relevant internal/external parties, business areas in the course of business
• Deliver ad-hoc operational project work as assigned, to support and promote future business development from a compliance perspective.

• Strong communication skills (both written and oral) with all levels of staff
• Confident decision maker with the ability to influence and negotiate effectively
• Excellent interpersonal skills with the ability to develop strong relationships within the company and with third-parties
• Ability to set and meet objectives, work well with minimal supervision but also as part of a wider Risk function, with stakeholders in multiple jurisdictions
• Proactive, creative and strong attention to detail and able to use initiative
• Strong analytical and problem-solving skills
• Excellent organisational skills
• A positive and flexible approach to work and committed to building strong working relationships
• Ability to work well as part of an established Compliance function.
• Pragmatic with a considered and systematic approach to the delivery of objectives or projects
• Independent with the ability to work with minimum supervision and meet deadlines with a high degree of accuracy
• Displays a genuine passion for compliance and a commitment to both personal development and the development of the business
• Adaptable and flexible in order to cope with the ever-changing demands of the regulatory environment
• Challenges the status quo and seeks opportunities to recommend value-adding approaches to the continuous development of operational improvements.

• Experience in a Compliance and/or AML / Fraud / Financial Crime capacity in a regulated financial services business
• Experience of working in and managing financial crime related projects
• Knowledge of the UK, IOM and JSY Financial Crime framework and regulatory requirements
• Experience in a Compliance and/or AML/ Financial Crime capacity in a regulated financial services business
• Experience of working in and managing financial crime related projects
• A strong working knowledge and understanding of Isle of Man banking and investment business regulations
• Experience in compliance requirements, including but not limited to, CDD / EDD for high-net-worth individuals and more complex financial structures such as trusts, corporate and foundations across multiple jurisdictions worldwide including emerging markets
• Experienced in risk classification processes and in identifying and handling risk related information and documentation.