Karel Esterhuizen

New Zealand’s Banking and Insurance Prudential and AML Regulator www.rbnz.govt.nz

• Conduct investigations into Prudential and AML/CFT regulatory breaches by banks, non-bank deposit takers, and insurers
• Enhance enforcement framework processes to align with best regulatory practices
• Establish and implement an evidence management, eDiscovery (RelativityOne) system, evidence manual, and associated processes.
• Collaborate with bank and insurance supervisors on matters referred to the enforcement team.
• Present enforcement matters to the enforcement committee and report outcomes for decision-making.
• Consult with various senior stakeholders and legal counsel.
• Liaise with senior management of regulated entities regarding ongoing enforcement matters.
• Manage and oversee the external whistleblowing function for the RBNZ.
• Maintained up-to-date knowledge on industry trends and regulations.

Flooring installation company www.floorstar.co.nz

• Managed day-to-day business operations.
• Established a positive workplace culture that fostered employee engagement, collaboration, and loyalty.
• Oversaw installation teams, consulted with customers, and managed the installation work schedule
• Consulted with customers to assess needs and propose optimal solutions.
• Managed customer relationships, forecasting, budgeting, and provided strategic direction and leadership.
• Transitioned to a part-time role in October 2022 until the business sold in August 2023.
• Flooring installation company www.floorstar.co.nz

Default Kiwisaver provider and fund manager www.booster.co.nz

• Oversee the Risk and Assurance function for the Booster Group.
• Develop the Compliance Assurance Programme (CAP) and its framework.
• Ensure that assurance policies and procedures are up to date and communicated effectively across the business.
• Report on the efficiency and effectiveness of the CAP to the Audit, Risk, and Compliance Committee (ARCC) and the Board.
• Enhance the Enterprise Risk Management Framework (ERMF) to align with industry standards.
• Draft policies and procedures to ensure compliance with the ERMF.
• Perform risk assessments and assurance reviews and compiling detailed papers for the ARCC and the Board.
• Collaborated with the compliance team to develop and implement policies, procedures, and performance measures.
• Conducted comprehensive reviews of internal controls, ensuring compliance with company policies and procedures.

Maritime industry regulator in New Zealand www.maritimenz.govt.nz

• Provided consistent and accurate advice on maritime documentation and certification functions.
• Ensure the team assessed applications for maritime and marine protection documents fairly and timely, in line with relevant legislation and policies.
• Built and maintained constructive internal and external relationships.
• Participated in ongoing professional development opportunities, staying current on industry best practices and emerging trends.
• Enhanced the capabilities of direct reports through targeted professional development opportunities.
• Managed performance planning and reviews for direct reports.
• Developed individual performance plans aligned with organisational goals.
• Motivated and supported staff to foster a cohesive, customer-focused team.
• Ensured the team was grounded in the operational realities of a regulatory compliance agency.

The FMA plays a critical role in regulating financial markets in New Zealand www.fma.govt.nz

• Implemented an evidence management, eDiscovery (Relativity), system along with relevant policies and processes to improve FMA’s evidence handling capabilities.
• Provided guidance, advice, and education on best practices for evidence management and litigation support across the FMA.
• Monitored compliance to ensure adherence to data and evidence management policies, processes and best practices.
• Mentored and managed direct reports, fostering professional and personal development and contributing to a positive and productive team culture.
• Provided guidance and mentoring a team of litigation support staff to maintain a culture of professional services delivery.
• Built high-performing teams through effective recruitment, onboarding, and talent development initiatives.

• Conducted inquiries, investigations, and analyses of conduct posing risks to financial markets, aligned with FMA's strategy and policy.
• Collected, reviewed and analysed evidence and developed recommendations for regulatory and enforcement responses.
• Provided regular and timely investigation reports to the Leadership Team, CE, and Board.
• Prepared matters for civil and criminal proceedings and facilitating enforcement outcomes.
• Collaborated with other investigators, litigators to foster professional and healthy relationships.
• Promoted positive working relationships and collaboration across the organisation to enhance a connected approach.
• Built positive relationships with external parties to further FMA's goals.

Largest listed stock exchange in Africa, operating in equities, derivatives and bond markets www.jse.co.za

• Investigated irregularities on the stock exchange, including market abuse, insider trading, and market manipulation.
• Conducted compliance monitoring and reviews of market participants.
• Managed market participant complaints and inquiries, ensuring adherence to organisational standards and procedures.
• Planned and scoped investigations to ensure adequate focus.
• Collected, reviewed, and analysed data, drafting investigative reports by simplifying complex data.
• Presented findings to internal legal counsel for potential enforcement action against member firms and or their employees registered on the exchange.
• Assisted the legal department with disciplinary actions against members.
• Provided specialist technical input into systems and investigation processes and techniques.

One of the leading banking institutions in South Africa www.standardbank.co.za

• Led high-profile investigations initiated by or for bank executives, providing recommendations to mitigate operational, compliance, and regulatory risks.
• Collaborated closely with internal audit and compliance teams to ensure effective controls.
• Conducted compliance reviews and managed regulatory investigations, including potential AML/CFT breaches.
• Compiled detailed investigative reports and data analytics for senior management.
• Collected, reviewed, and interpreted evidence.
• Presented findings to senior management and provided verbal feedback to stakeholders.
• Oversaw, coached, developed, and mentored staff.
• Conducted interviews with suspects and witnesses to gather information and or admissions.
• Examined bank data to detect suspicious activity and recommended appropriate action to be taken.
• Liaised with digital forensic experts to collect, preserve and analyse evidence on electronic devices.
• Managed disciplinary inquiries on behalf of the bank and testified in criminal or civil court proceedings.
• Delivered training to branch personnel on detecting and preventing fraud and ensure AML/CFT compliance.
• Facilitated a internal training courses.

• Conducted high-risk reviews and audits on individual branches, focusing on predetermined high-risk areas.
• Compiled audit reports and presented findings to management.
• Recommended process and procedure improvements to enhance controls and mitigate risks.
• Delivered training to branch personnel on detecting and preventing fraud and ensure AML/CFT compliance.