Deputy Chief Compliance Officer at Nedbank

The Deputy Chief Compliance Officer (Deputy CCO) will support the CCO/MLRO to ensure effective and proactive compliance oversight for the processes and controls relating to the business activity carried out, both within the United Kingdom and South Africa (e.g. activity executed on behalf of Nedbank London Branch).
Responsibilities also include supporting the CCO/MLRO strategically and operationally on financial crime matters including deputising in the absences of the MLRO/SMF17. The role requires also to take the lead in overseeing CASS operationalisation (CASS 1A.3R, CASS small firm) and privacy implementation.
Compliance oversight territorial scope extends to centralised services (in-house outsourced) provided to the Branch by Group under service level agreement(s) to ensure these remain effective and align with PRA and FCA statutory and operational objectives.
This role is also central to advising and facilitating management in promoting and monitoring a good culture which mirrors Nedbank Group’s Purpose, Vision and Values while achieving its long-term strategy.
The Compliance and Financial Crime London function sits within the Corporate & Investment Bank (CIB) cluster of Nedbank Limited and acts as a second line of defence for compliance, conduct and financial crime risks within the Group Risk control function. This role will also have oversight responsibility for a non-regulated financing vehicle entity NBSA.
References to CIB is intended to include NBSA activity for the purpose of this job description.

Job Responsibilities

• Governance & Regulatory Affairs: Facilitate, track and co-ordinate as directed efforts relating to supervisory engagement, communications.
• Act as back up: Undertake MLRO function in the absence of the CCO/MLRO
• Identify Risks: Lead jointly with Financial Crime (e.g. AML, CFT & Sanctions) and contribute compliance risks to the Enterprise and Branch Wide Risk Assessment.
• Proportionate Risk Controls: Develop and maintain an effective Compliance Risk Management Program (CRMP) for non-financial risks (e.g. compliance and financial crime).
• Policy and Guidance: Develop and maintain Policies and other guidance or materials to assist employees in fulfilling their responsibilities.
• Regulatory Landscape: Monitor and evaluate the regulatory landscape for the purpose of identify trends, lessons from peer fines and any other relevant development which permits Nedbank to determine the impact and react in a timely fashion.
• Advisory: Provide pro-active advice and solutions to business and other departments in relation to relevant regulatory rules, laws and statutory guidance.
• Conduct: Devise Conduct program and relevant MI for Senior Management.
• Whistleblowing: Support Senior Management in establishing awareness and oversee implementation of speak up process.
• SMF & Certification: Oversee SMF, Certification and Conduct Regime process of identification of roles, maintaining management responsibilities maps, annual certification processes.
• Group engagement: Collaborate and cultivate cross divisional and border sharing of information to foster collective engagement with a view of eliminating gaps of controls and or knowledge and approach.
• Representation: Actively represent the Branch in Group compliance initiatives, projects etc.
• Assurance Monitoring: Develop and execute a proportionate annual assurance monitoring plan.
• Complaints Handling: Develop, maintain Complaints Handling process including relevant reporting.
• Reporting and MI: Develop and maintain provision of MI for Management and external stakeholders such as SARB, FCA or other supervisory authority.
• FCA notifications: Ensure accurate and timely submission of SUP relevant compliance reporting to FCA.

Qualification Level

• Educated to degree level - CISI, ICA or ACAMS

Key Technical Skills, Qualifications

• Proven technical Compliance and Financial Crime skills gained in UK financial services
• Strong knowledge in relation to wholesale products and services
• Educated to degree level
• Excellent time-management and organisational skills
• Ability to identify and evaluate control risks within Business
• Proven knowledge of UK regulatory framework
• Strong knowledge of Data Privacy and CASS

Key Behavioural skills and attributes

• Integrity
• Strategic
• Pro-active approach
• Team player
• Fosters good relationships while maintaining high regulatory standards
• Approachable
• Professional
• Solutions driven
• Adaptable
• Keen to continuously expand knowledge