Regulatory Specialist at Nedbank

Job Purpose

To assist the Senior Regulatory Specialist with the coordination; facilitation and management of the Compliance function for the team through monitoring; reporting and developing networks; providing advice to minimise regulatory; reputational and compliance risk and endeavour to avert potential litigations/ penalties and ultimately increase shareholder value for the bank.

Job Responsibilities

• Assist business units by providing guidance or expert advice on regulatory matters and legislative requirements including the Banks Act, particularly with regard to prudential requirements. 

• Ensure transformational targets are met. Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI. 

• Participate in developing, implementing and addressing issues raised in culture surveys to improve results. 

Minimum Experience Level

• Must have a minimum of 3-4 years’ experience with exposure to banking prudential requirements and financial reporting

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Relevant Bachelor’s degree (Preferably Accounting)

• Internal Auditing or Risk Management 

Preferred Certifications

• C Prac - Compliance Institute of South Africa (CISA) – preferred, not essential

Types of Exposure

• Analysing data through in-depth evaluation of multiple factors 

• Providing guidance to business units on prudential returns

• Developing ways to assist the management and/or mitigation of risks check 

• Managing conflict situations 

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

• Sharing information in different ways to increase internal stakeholders understanding 

• Comparing two or more sets of information 

• Working with a group to identify alternative solutions to a problem 

• Consolidating data from various sources and identify/interpret trends 

• Identifying and interpreting regulatory risk trends 

• Managing stakeholder expectations 

• Monitoring adherence and compliance 

• Managing multiple projects 

• Interacting with diverse people 

• Working across all risk categories 

• Presenting to senior leaders 

Technical / Professional Knowledge

• Change management

• Client Service Management

• Diversity management

• Employee training/development

• Financial Accounting Principles

• Governance, Risk and Controls

• Operations planning

• Principles of project management

• Relevant regulatory knowledge

• Strategy and Strategic Planning (Proficient)