Vumbhoni Ngobeni

I am a well-presented, efficient and trustworthy individual with over Seven years’ experience of working in the busy banking industry. I recently completed my Bachelors in Law – LLB Degree. Valuable experience of working in the Anti-Money laundering, Terrorist Financing and Sanctions field as well as Compliance.

I am exceptionally accommodating and understanding while remaining focused on working towards tight deadlines. A high level of motivation and a good work ethic have enabled me to meet targets and see tasks through to the end.

Entity Verification Officer – October 2022 - Current (Fixed Term Contract)

Elemental Cosec (UK), Johannesburg (Remote)

Fixed Term Contract Job. This position is primarily focused on working with clients registering on Register of Overseas Entities service in the United Kingdom. The job requires a good understanding of regulatory compliance rules and their relevant guidelines from an operational perspective, as well as a detailed knowledge of UK Money Laundering Regulations.

KEY RESPONSIBILITIES

• Conduct Investigations, verifying and registering overseas entities with Companies House 
• Completing checks on overseas companies and individuals 
• Liaising with clients and intermediaries to collect the information required 
• Perform sanctions and AML screening.
• Ensuring compliance with applicable legislation 
• Maintain professionalism in all verbal and written communication with stakeholders as adherence to acceptable business ethics 
• Discuss emerging or current issues with local and in-country teams and escalate or resolve these issues where possible

AML Monitoring & Reporting Specialist - Jan 2016 to July 2020

Nedbank, Johannesburg

This position was one of a junior manager. I conducting AML monitoring reviews on a project basis by looking at different business units (BU’s) across the bank. I managed the following portfolios: Private Wealth international and local, Group Forensic services, Malawi, Swaziland, Lesotho, Namibia, Mozambique and Zimbabwe. I was retrenched due to company downsizing during Covid-19, from this position.

KEY RESPONSIBILITIES

• Provide AML compliance assurance to units in the bank.
• Monitoring and reviewing regulatory implementation
• Provide on-going compliance monitoring and support to group compliance officers
• Ensuring general compliance with FICA Act and all AML related Acts
• Ensure that each investigation is of high quality, accurate, value adding conclusion, for the type of investigation being conducted
• Compile and submit review reports and providing assurance and quarterly reports to stakeholders
• Issuing compliance monitoring outcomes reports
• Build and maintain meaningful relationships with in-country Financial Crime teams (for example Money Laundering Reporting Officers and Heads of Compliance) with the aim of understanding their needs
• Compliance and oversight on all AML, CFT and Sanctions matters both locally and internationally.
• Provide advice on regulatory requirements 
• Make meaningful recommendations for the various types of investigations. This includes, but is not limited to systems / people / process failures and regulatory changes or updates
• Ensure that changes to the FICA Act, FATF, POCDATARA act, POPI Act, Exchange Control Regulations, POCA are incorporated into products and service offerings by review when required

Anti-Money Laundering Senior Analyst - Jan 2013 to Dec 2015

Standard Bank, Johannesburg

Managing a team of Junior Analysts. Conducting in-depth financial crime investigations and compiling of detailed report and analyzing suspicious activity on Customers’ profiles for possible Money Laundering related activity.

KEY RESPONSIBILITIES

• Reporting of cash threshold, suspicious transactions and Terrorist property to the FIC 
• Conducting transactional analysis on clients flagged transactions
• Respond to subpoenas, Section 27, 29, 32, 34 and 35 requests
• Reporting to the Financial Intelligence Centre
• Manage AML reporting systems daily
• Preparing monthly reports for the applicable regulatory authorities
• Coordinating money laundering reporting initiatives through the group
• Providing AML Assurance to stakeholders
• Conducting trend analysis on suspicious transaction
• Obtain all relevant evidence related to an investigation. Scrutinize / analyze this evidences and make meaningful observations or conclusions regarding the findings

Bachelor in Laws - 2022

University of South Africa A thorough understanding of the Law and legal concepts, specializing in Notarial Practice and Conveyancing. This qualification is being audited as per UNISA quality assurance requirements, once that’s completed they will issue the degree. I do have a copy of my academic record in my possession for ease of reference.