FICA Administrator
FICA Administrator
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Salary Not Disclosed
1 Vacancy
Job Description
Requisition Details & Specialist Recruiter Details
REQ 141806 - Twanette Coetser
Closing Date - 29 September 2025
Cluster and Location
Corporate Investment Banking -
135 Rivonia Sandton
Career Stream
Leadership Pipeline
FICA Administrator
Job Purpose
To perform administrative related processes within the business unit in accordance with authorised mandates policies and procedures as required in line with Nedbank strategy.
Job Responsibilities
- To perform administrative oversight on all client records in line with requirements to ensure regulatory compliance with respect to FATCA / CRS beneficial ownership Restrictions and WLF alerts.
- Manage the input provided into new and existing business products and processes in relation to regulatory requirements to improve effectiveness.
- Stay up-to-date with legislative changes to keep in line with best practice regulatory compliance and industry standards.
- Develop collaborative internal relationships by understanding each others roles.
- Assist in conducting thorough due diligence on Beneficial ownership Fatca/Crs Restrictions and WLF alerts
- Review the reporting and articulation of compliance and regulatory risks by stakeholders through formal and/or informal reviews and provide input to prevent ambiguity and ensure accurate reporting to enable management to adequately resource the compliance function to address compliance risks.
- Establish relationships with stakeholders by providing guidance oversight and/or training to ensure compliance and regulatory risks are managed.
- Upskill and train relevant stakeholders with regulatory changes to achieve alignment and legislative compliance.
- Identify and verify the beneficial owners of legal entities ensuring the information aligns with regulations such as FATF AML and KYC guidelines.
- Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection of such contraventions to ensure requirements set by regulatory bodies are met.
- Maintain relationships with internal stakeholders by establishing partnerships in managing compliance risks as well as ensure an open line of communication to assist stakeholders to address compliance risks.
- Identify opportunities to influence the improvement or enhancement of business processes and methodologies by researching and recommending improvement initiatives and effective ways to operate and add value to Nedbank.
- Research and analyze public records databases and other relevant sources to identify ownership chains and alerts.
- Meet client needs by building and maintaining sound professional relationships and adhering to Service Level Agreements.
- Manage risks by reporting and/ or escalating and identified risks timeously.
Requirements
- Successfully completed NQF Level 7 or Higher in a Law or Compliance-related field is essential
- Compliance Institute of South Africa (CISA) - preferred not essential Confidential
- Minimum 3-6 years experience in analysing and monitoring risk indicators in Anti-Money Laundering (AML) Counter Terrorist Financing Sanctions Compliance in a banking environment.
- Advanced knowledge in FATCA / CRS legislation Beneficial ownership and Restrictions.
- Understand and Operationalise Legislation and Methodologies to ensure compliance to requirements.
Technical / Professional Knowledge
- Administrative procedures and systems
- Data analysis
- Microsoft Office
- Relevant regulatory knowledge
- Business writing skills
- Financial Acumen
- Relevant product knowledge
- Knowledge of risk
- Relevant system knowledge
Behavioural Competencies
- Adaptability
- Building Customer Loyalty
- Continuous Learning
- Collaborating
- Work Standards
- Managing Work
Please contact the Nedbank Recruiting Team at
Required Experience:
Unclear Seniority
Employment Type
Full Time
