Timothy Nkoji
Anti-Money Laundering Specialist
Summary
- Anti-Money Laundering Specialist offering expertise in FATCA/CRS, problem-solving, data analysis, Client Onboarding, KYC landscape, Transaction Monitoring, Enhanced Due Diligence, Risk Assessment and Regulatory Reporting to the FIC.
- Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy and willingness to take on added responsibilities to meet organisational goals.
Overview
13
13
years of professional experience
31
31
years of post-secondary education
Work History
Senior FICA/Anti-Money Laundering Officer
African Bank
09.2023 - Current
- Grindrod Bank Limited was acquired by African Bank Limited
- Responsible for making sure the Bank adheres to government and international regulations in the area of anti-money laundering.
- Managing and overseeing day-to-day AML compliance and reporting to Head of Operations on existing, new or emerging risks and controls to mitigate risks.
- Responsible for prevention, detection and investigation of money laundering activity within the bank.
- Established effective relationships with key stakeholders both internally and externally for increased collaboration opportunities.
- Attended personnel meetings and training sessions to improve skills and learn new policies and procedures.
- Coordinated cross-functional teams to address complex issues, leading to more efficient problem-solving processes.
- Implemented process improvements that streamlined workflows, reducing redundancies and increasing operational efficiency.
Senior FICA/Anti-Money Laundering Officer
Grindrod Bank (Pty) Ltd
11.2022 - 08.2023
- Involved in the checking, validation, control, and reporting of all requirements in the Regulatory Know Your Customer (KYC) and procedures for all client relationships in accordance with regulatory requirements, policy guidelines, business rules and legal framework
- Manage team conducting Transaction Monitoring and Watchlist screening of all Bank Clients, Retail Banking Clients, Business Banking Clients and Fin-tech Clients.
- Established effective relationships with key stakeholders both internally and externally for increased collaboration and opportunities.
- Prepared and submitted detailed reports regarding assignments and ongoing investigations including but not limited Go AML and Bank Executives.
- Increased process efficiency, new policy implementation, and department Standard Operating Procedures document review all contributed to an overall improvement in department efficiency. streamlined workflows, cut down on redundancies, and increased operational efficiency by implementing process improvements.
- Developed and implemented strategic plans to meet organizational goals, ensuring alignment with company objectives.
- Maintained strict adherence to industry regulations, minimizing risk exposure for the organization.
- Mitigated potential risks by proactively identifying potential issues and implementing appropriate countermeasures or contingency plans as needed.
- Fostered a culture of continuous improvement by encouraging staff to identify areas of opportunity and propose solutions and develop skills for advancement in their career.
Client Onboarding Specialist Global Markets
Deutsche Bank South Africa
06.2015 - 10.2022
- Lead person for FATCA/CRS and LEI remediation project.
- Engagement with Prudential Authority (PA.
- Lead the South Africa KYC Implementation of new global KYC standards.
- Act as local Client On-boarding representative during internal/external audits and KYC related queries from the local regulators (SARB, PA, FSCA).
- Embed globally consistent KYC practices and robust standards for the Bank.
- Conducted thorough assessments of clients situations, identifying issues, goals and necessary interventions.
- Developed and implemented comprehensive case management plans to address client needs and goals.
- Monitored ongoing cases closely, adjusting case management strategies as needed, based on evolving circumstances or new information.
Junior Financial Analyst
Equateur Capital (boutique advisory firm consultant)
06.2014 - 06.2015
- Involved with the Mergers and Acquisition (M&A) on a debt raising issue for Peloustore, a supermarket based in the capital of the DRC (Kinshasa) to raise US$ 8 million from PTA Bank based in Nigeria
- Worked with the M&A team of Equateur Capital on a 40% acquisition mandate in the mining sector
- The transaction involved Matemar (German based conglomerate) and the Katanga mining royal family in the DRC
- Provided valuation expertise on a live transaction being funded by the DBSA for a hydro power plant in the DRC through SNEL (the main power supplier).
- Improved financial forecasting accuracy by conducting in-depth analysis of historical data and market trends.
- Assisted in the development of long-term financial strategies, contributing valuable insights and suggestions.
Product accountant
Sail Minerals Pty Ltd
03.2013 - 10.2013
- Finalizing product cost within the specified period and meeting the deadline per the shipment basis
- Working towards minimizing un-necessary cost that would result in cost saving for the company
- Up-to-date reporting of supplier recons status and financial impact on the business
- Closing off product recons for container shipments within 5 days of the sailing dates
- Closing off product recons for bulk shipments within 15 days of sailing dates
- Weekly control schedule reflecting the status of all open supplier contact and invoice.
Financial Analyst Intern
Vunani Capital
05.2011 - 02.2012
- Provided support to investment banking team working on various M&A transactions.
- Build Valuation Models.
- Forecasting, PowerPoint presentation of valuation findings.
- Conducted general market research through the various financial terminals such as (Capital IQ, Bloomberg terminal & company website, individual equity research reports, Press Release etc.
- Worked with the M&A team on a 16.7% broad-based BEE acquisition mandate in the mining sector.
- The transaction involved the mining fund of a blue chip JSE listed mining company and the employee empowerment trust of a JSE listed coal mining company.
Education
Certificate in Foundational Payments
Payment Association of South Africa
01.2024 - 05.2024
Risk And Compliance
Certified Anti-Money Laundering Specialist (Member)
04.2001 - 05.2023
Certification AML Detection And Investigation
University of Pretoria
Pretoria, South Africa 01.2022 - 05.2022
Certification Organizational Leadership
University of Stellenbosch Business School
01.2019 - 05.2020
Bachelor of Science - Accounting And Finance
University of Johannesburg
Johannesburg, South Africa 04.2009 - 05.2012
Commerce
Highland North Boys' High
Johannesburg, South Africa 04.2004 - 05.2008
Skills
- Fluent in English, French (spoken) and Swahili (Spoken)
- Advanced knowledge of MS Package
- Customer Relations
- Quality Assurance
- Root Cause Analysis
- Expert Problem Solving
- Compliance Risk Assessment
- Transaction Monitoring and Watchlist Screening
- Enhanced Due Diligence ( KYC)
- Regulatory Reporting ( FIC)
Attributes
- Ability to grow positive relationships with customers and colleagues
- A desire for continuous learning and personal growth
- Ability to embrace change and to adapt to new situations
- Solid work ethics
- Attention to detail
- Respect for confidentiality
Experience And Skills
- South African Payment Association (PASA) Foundation Course
- Certified Anti-Money Laundering Specialist (ACAMs).
- Case Manager: Client onboarding (KYC) for Deutsche Bank South Africa
- Lead person for FATCA/CRS and LEI remediation project for Deutsche Bank South Africa
- Engagement with Prudential Authority (PA)
- Lead the South Africa KYC Implementation of new global KYC standards for Deutsche Bank SA.
- Act as local COB representative during internal/external audits and KYC related queries from the local regulators (SARB, PA, FSCA)
- Help embed globally consistent KYC practices and robust standards in Deutsche Bank South Africa
- Completed a B. Com Finance degree from the University of Johannesburg
Excel Skills
Proficient in the various excel tools which has enabled me to manipulate data for meaning management decision making as well as reporting purposes.
Training And Skills Development
- 2017-01-01, FATCA/CRs Training
- 2013-01-01, Vunani Capital Training Center 4-months Investment banking training programme
- 2007-01-01, Price Waterhouse Coopers Orientation programme for best accounting students
- 2003-01-01, Byte Technology Group Certificate in Customized Desktop
References
- Gareth Jasson, Chief Operating Officer, 082 787 4322, gareth.jasson@db.com
- Sean Walker, ex-Wall Street Investment Banker, 0842284318, sean.walker@royalhairstyles.com
- Evariste Katanga, Managing director, 00243813568585, ekatanga@gmail.com
- Sulet Van Niekerk, Programme Facilitator, 082 853 6990
Timeline
Certificate in Foundational Payments
Payment Association of South Africa
01.2024 - 05.2024
Senior FICA/Anti-Money Laundering Officer
African Bank
09.2023 - Current
Senior FICA/Anti-Money Laundering Officer
Grindrod Bank (Pty) Ltd
11.2022 - 08.2023
Certification AML Detection And Investigation
University of Pretoria
01.2022 - 05.2022
Certification Organizational Leadership
University of Stellenbosch Business School
01.2019 - 05.2020
Client Onboarding Specialist Global Markets
Deutsche Bank South Africa
06.2015 - 10.2022
Junior Financial Analyst
Equateur Capital (boutique advisory firm consultant)
06.2014 - 06.2015
Product accountant
Sail Minerals Pty Ltd
03.2013 - 10.2013
Financial Analyst Intern
Vunani Capital
05.2011 - 02.2012
Bachelor of Science - Accounting And Finance
University of Johannesburg
04.2009 - 05.2012
Commerce
Highland North Boys' High
04.2004 - 05.2008
Risk And Compliance
Certified Anti-Money Laundering Specialist (Member)
04.2001 - 05.2023