Senior Compliance Manager at Nedbank

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