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  • Posted: May 28, 2021
    Deadline: Not specified
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  • Nedbank Group Limited is a bank holding company that operates as one of the four largest banking groups in South Africa. The company's shares have been listed on the JSE Limited since 1969. The group offers a wide range of wholesale and retail banking services through four main business clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retai...
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    Senior Compliance Manager

    About the job
    This role is based within the Nedbank Wealth Cluster: Wealth Management SA division.
    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.

    Key Requirements:

    • Bachelor of Commerce: Risk Management or equivalent
    • 8-10 years in a senior compliance/risk/governance role
    • Compliance Institute of South Africa (preferred)


    Please Note: Preference will be given to applicants from Underrepresented

    Method of Application

    Interested and qualified? Go to Nedbank on career2.successfactors.eu to apply

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

  • Send your application

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