Reputational Risk Specialist at Nedbank

Job Purpose
To monitor and provide oversight on the adherence to compliance practices in client facing clusters to ensure compliance risks are managed and reported across Nedbank.

Job Responsibilities

• Conducting of high-risk client reviews identified through adverse media, reputational risk matters and internal requests from business clusters and subsidiaries which will then be presented at the Group Reputational Risk Committee meetings.
• Conducting ad hoc due diligence reviews originating from the various business clusters and subsidiaries.
• Conducting of adverse media screening for the entire Nedbank Group, informing business clusters, generating reports to business clusters and managing feedback received, as well as reporting on the screening conducted and management information identified. 
• Drafting of the Roles and Responsibilities in relation to Brand and Reputational Risk Management for the Nedbank Group and the socialising thereof to key stakeholders.
• Annual updating and refreshing of the Reputational Risk Policy, the approval thereof and the distribution to all relevant stakeholders.
• Drafting of a new Reputational Risk Framework, the approval thereof and the updating and refreshing thereof on an annual basis, and the socialising thereof to key stakeholders.
• Completion of the Risk Appetite Action Plan (“RAAP”), Reputational Risk Appetite Statement and the reputational risk algorithm.
• Obtaining and analysing of Management Information regarding Reputational Risk and the constructing of a quarterly Reputational Risk Management Information Report.
• Providing reviews on reputational risk matters and drafting reports to be distributed to clusters and for inclusion in the Reputational Risk Committee meetings.
• Implementation of management actions regarding audit findings, managing the outcomes and reviews conducted, and ensuring that independent assurance is completed on the identified findings.
• Automation of the Reputational Risk Management function.
• Drafting reports as an output of the adverse media screening and high risk client reviews conducted.
• Providing input into and preparing multiple committee reporting packs for AML, CFT and Sanctions, Responsible for all inspections across the Nedbank Group, including any findings that might arise from regulatory inspections, including the tracking of findings and the reporting thereof
• Constructing of all regulator communications regarding AML, CFT and Sanctions and Exchange Control.
• Provide advice, guidance and oversight to internal stakeholders.
• Establish and manage stakeholder relationships with other business clusters and functions, including Group Compliance and Group Strategic Communications

Minimum Experience Level

• 6 -10 years’ experience in risk management of which 5 years in a compliance related role

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Post Graduate Diploma: Risk Management , Advanced Diplomas/National 1st Degrees

Essential Certifications/Preferred Certifications

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

Type of Exposure

• Analysing situations or data that require an in depth evaluation of multiple factors
• Drafting reports
• Influencing stakeholders to obtain buy-in for concepts and ideas
• 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
• Working across all risk categories
• Presenting to senior leaders
• Technical / Professional Knowledge
• Change management
• Cluster specific operations
• Compliance reporting
• Governance, Risk and Controls
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Reputational risk management
• Risk management process and frameworks
• Stakeholder management
• Codes of Good Governance