Nolwazi Mbhalati
Systems Specialist, Financial Crime Compliance
Pretoria
Summary
Experienced Systems Specialist (Transaction Monitoring Systems) with 10 years of experience within the financial sector and have worked on various IT and operational projects within Standard Bank Group, under the Strategy Optimisation and Enablement unit. Self-motivated leader, diligent, trusted advisor with strategic planning and management skills. Looking to advance to Senior Manager (Technology NFR) to provide strategic leadership, direction and implementation of NFR oversight across the Technology domain, through the application of my experience, skills and knowledge while expanding my portfolio through new challenges and knowledge.
Overview
11
11
years of professional experience
6
6
years of post-secondary education
11
11
Certifications
Work History
Systems Specialist, Financial Crime Compliance
Standard Bank Group
09.2019 - Current
- Contribute in the setting of functional area's technology plan in the context of Group Compliance Function's plan and Group IT plan. Provide domain expertise to develop relevant technological requirements. Adhere to and implement relevant technology standards developed by the IT Function.
- Define, develop, maintain, and implement the Money Laundering Surveillance (MLS) Systems Review Framework that covers Standard Bank Group (SBG) products. This Framework also details Risk Based Approach (RBA) and demonstrates mitigating measures/controls to associated risks. This Framework must provide information for intelligence creation to enable strategic and tactical decisions.
- Initiate and participate in IT or operational projects on behalf of MLS. Represent MLS in relation to IT projects that potentially impact MLS. Act as MLS representative or represent as MLS business owner on identified IT and operational projects, including oversight of monitoring tools.
- Oversee and contribute in management of projects in relation MLS and its operations.
- Support planning and implementation of the System Integration Framework.
- Provide expert advice and guidance to stakeholders and clients (Trusted Adviser). Where necessary provide training to targeted business areas or internally. Engage in the appropriate forums & workshops to convey relevant matters to wider audiences when required.
- · Founder and Coordinator of the Transaction Monitoring Working Group for SBG, which brings in intelligence across various segments of the Group, through analysis of existing research, risk assessments and system statistics to ensure that solutions/controls i.e., both implemented and to be implemented solutions mitigate noted risks faced by the Bank.
Systems Custodian, Reg. Risk Advisory Oversight
Standard Bank Group
07.2017 - 08.2019
- Development and management of accurate and timeous management reports
- Analysis of relevant reports, escalations of issues identified, maintenance of the incident tracking log and identifying risks and areas/ opportunities of improvement
- Assist management and stakeholders in interpretation of system data, by performing data/ system analysis and producing consolidated monthly, quarterly and annual reports.
- Providing regulatory reporting oversight and advisory on the goAML system to various stakeholders.
- Managing the goAML Automation Project
- Facilitating the GFCC Academy digitisation project for SBG with the assistance of the Compliance Content and Digitisation Team
- Member of the Group Financial Crime Compliance Regulatory Technology Forum - ensure the awareness and translation of new financial and regulatory technologies being provided to Financial Institutions.
Anti Money Laundering Surveillance Analyst
Standard Bank Of South Africa
02.2015 - 06.2017
- · Assisting SBG in meeting its regulatory reporting obligation in accordance with Anti-Money Laundering and Terror Financing regulatory requirements of the Financial Intelligence Centre Act (FICA) by performing detailed analysis and investigation on bank’s customers transactional behaviour.
- Timeous receipt, analysis and response of Section 27, Section 32, Section 34 and Section 35 requests received from the Financial Intelligence Centre (FIC) and subpoenas received from Standard Bank Legal Group.
- Ensuring that the bank’s products and services are not abused by money launderers, to ensure ongoing capability to detect and report suspicious transactions in terms of reporting obligations and requirements of FICA.
- Investigate, research, analyze and evaluate complex account transactions and relationships that appear to be suspicious or unusual for a given business or person linked to adverse media.
- Identifying risks and trends during the investigation process and escalate to Senior Leadership Team
EDD Officer (Enhance Due Diligence)
Standard Bank Of South Africa
10.2013 - 12.2014
- Investigating potential high-risk clients in terms of the SBG Minimum Standards for customer acceptance.
- Performing detailed analysis, Know Your Customer (KYC) checks, World Check, Media search, and investigations on potential high-risk clients’ profile/accounts/ statements.
- Filing Suspicious Transaction Reports (STRs) to the Money Laundering Surveillance Unit, based on the findings.
- Making recommendation to senior management regarding the client’s risk status and to perform annual reviews if business relationship is to be continued.
Consultant (Core Banking, Group Operations Shared
Standard Bank Of South Africa
02.2013 - 09.2013
- Performed exception handling/Payment processing and Reconciliation
- Conducted investigations on customer’s statements, reversals on cash and ATM withdrawals, refunds and fixing of errors on accounts using SAP, Intellimatch, RC10, Report viewer and BDS software’s.
- Advising on customer queries.
- Data capturing, working on Internet explorer and Microsoft Office, mainly on Excel.
Education
Bachelor of Science - Physics And Applied Mathematics
University Of Johannesburg
Johannesburg, South Africa 02.2010 - 06.2014
PGDip: Information Technology Management - Information Technology
MANCOSA
Centurion 01.2022 - 04.2023
Skills
Leadership, Management, Strategic planning, Risk Management, Analytical, Develop technology requirements, Problem solving, Reporting, Attention to detail, Data, System & Business analysis, System testing, Transactional analysis, Solution/systems review, Report Writing, Framework development, Oversight and advisory, Project Management, Presentation, Drafting & reviewing of training material, drafting of regulatory and process documents, Training stakeholders, Engaging internal and external teams, Trusted advisor, Ability to communicate effectively with all levels of management,
Certification
Agile Scrum Foundation (Deviare)
Timeline
Agile Scrum Foundation (Deviare)
05-2024
Business Risk Management (UCT)
06-2023
PGDip: Information Technology Management - Information Technology
MANCOSA
01.2022 - 04.2023
Strategic Information Systems Planning in Practice (UNISA)
12-2021
Systems Specialist, Financial Crime Compliance
Standard Bank Group
09.2019 - Current
Certificate Programme in Business Analysis, CPBA (FTI)
09-2019
Business and Systems Analysis (Astrotech)
11-2017
Speaking and Presentation (Maurice Kerrigan)
10-2017
Systems Custodian, Reg. Risk Advisory Oversight
Standard Bank Group
07.2017 - 08.2019
Money Laundering Detection and Investigation, NQF 8 (UP)
06-2017
Introduction to SQL (Leading Edge Training)
04-2017
PivotTable and Dashboard Reporting (KeyBase)
08-2016
Project Management (UNISA)
11-2015
Anti Money Laundering Surveillance Analyst
Standard Bank Of South Africa
02.2015 - 06.2017
Implementing and Using Relational Databases (UNISA)
11-2014
EDD Officer (Enhance Due Diligence)
Standard Bank Of South Africa
10.2013 - 12.2014
Consultant (Core Banking, Group Operations Shared
Standard Bank Of South Africa
02.2013 - 09.2013
Bachelor of Science - Physics And Applied Mathematics
University Of Johannesburg
02.2010 - 06.2014
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