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    • Job Opportunities at Nedbank

    Posted: Nov 5, 2021
    Deadline: Not specified
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  • Compliance Specialist

    Job Purpose

    To consult on and advise the business area regarding relevant domestic and international legislation; compliance and governance to ensure abidance to relevant codes; regulations and rules thereby minimising risk to and protecting the reputation of Nedbank.

    Job Responsibilities

    • Advise business on best practice for compliance by ensuring the business is educated on the compliance culture and by creating awareness around compliance implication of daily duties.

    • Ensure compliance standards are met and risks are mitigated. Identify, define and agree on the regulatory universe applicable for each relevant Business Unit, mitigating risks.

    • Conduct compliance risk and control assessments (CRA's).

    • Test whether the business control is effective and adequate and ensure that business policies contain the right content addressing legislative requirements.

    • Engage with stakeholders on findings of compliance risk and control assessments.

    • Ensure that compliance risk is adequately addressed.

    • Mitigate risk and applicability to business.

    • Advise business of changes and identify potential impact of these changes on the business.

    • Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.

    • Stay abreast of developments in field of expertise, ensuring personal and professional growth.

    • Understand and embrace the Nedbank vision and values, leading by example.

    • Influence the enhancement of business processes and methodologies.

    • Enable management to make informed decisions and prevent compliance breeches.

    • Prevent compliance breaches and reputational risk from occurring, which could result in financial penalties.

    • Address compliance risk.

    • Ensure that stakeholder relationships are effectively managed.

    • Promote and facilitate cross Cluster engagement, manage and improve business efficiencies.

    • Ensure awareness of business compliance status.

    • Ensure upskilling and effective handover to relevant responsible person.

    • Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.

    • Manage performance through training, development and addressing poor performance via HR channels.

    • Educate self regarding business, through engagement, meetings, procedures and policy awareness.

    • Support the central function by assisting in developing of policies, procedures, frameworks and tools with specific focus on relevant risk legislation, for the benefit of the larger organisation.

    • Define governance frameworks and ensure good governance practice.

    • Assess committees adherence to the governance requirements.

    • Ensure business committees operate according to required business governance standards through regular engagement.

    People Specification

    Essential Qualifications - NQF Level

    • Advanced Diplomas/National 1st Degrees

    Preferred Qualification

    Bachelor of Commerce: Risk Management , LLB

    Essential Certifications

    • FSCA - Approved Compliance Officer

    • CISA preferred.

    Type of Exposure

    • Conducting root cause analysis

    • Analysing and interpreting quantitative and qualitative data

    • Developing ways to minimize risks

    • Drafting reports

    • Influencing stakeholders to obtain buy-in for concepts and ideas

    • Sharing information in different ways to increase clients understanding

    • Analysing and Comparing two or more sets of information

    • Interpretation of legislation

    • Analysing/impact

    • Managing multiple projects

    Minimum Experience Level

    • 5-8 years in a senior compliance / governance role within the financial services. Advantageous will be the Insurance environment.

    Technical / Professional Knowledge

    • Banking procedures

    • Business Acumen

    • Industry trends

    • Principles of project management

    • Relevant regulatory knowledge

    • Relevant software and systems knowledge

    • Risk management process and frameworks

    • Business writing skills

    • Cluster Specific Operational Knowledge

    • Banking knowledge

    Behavioural Competencies

    • Adaptability

    • Communication

    • Building partnerships

    • Managing Work

    • Quality Orientation

    • Technical/Professional Knowledge and Skills

    Method of Application

    Interested and qualified? Go to jobs.nedbank.co.za to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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