Specialist: CIS Administration at Nedbank

Job Purpose

• The Specialist: Collective Investment Scheme (CIS) Compliance is responsible for overseeing and ensuring the compliance with all regulatory and fiduciary obligations under the applicable CIS, Pension Fund and Companies Act legislation. This role ensures that all Funds are monitored and reviewed in accordance with applicable laws, trust deeds, and industry best practices. Interact, maintain and build strategic partnerships with the Financial Sector Conduct Authority (FSCA) and the client.

Job Responsibilities

• Client services.
• Stay abreast of developments in field of expertise.
• Knowledge sharing with team members.
• Analyse new legislation and provide comments to relevant parties (internal and external).
• Compliance monitoring and breach management in terms of identification, reporting and resolution.
• Reporting to key stakeholders.
• Analyse Hedge Fund Risk reports.
• Develop and maintain trustee department procedures and processes in line with applicable legislation.
• Adhere, identify, assess, and mitigate compliance and operational risks related to the compliance role.
• Ensure that service level directives are met.
• Build strategic relationships between the client service team and other stakeholders.
• Resolve exceptions that arise by taking appropriate action to minimise risk.
• Ensure that trustee fees are collected in accordance with the applicable process.
• Support regulatory reviews and audits by ensuring access to accurate, up-to-date compliance records.
• Collaborate with operational departments to provide appropriate client solutions.
• Represent the trustee in relevant industry forums and provide regulatory updates to stakeholders.
• Conduct service provider reviews.
• Understand and embrace the Nedbank vision and values, leading by example.

Essential Qualifications - NQF Level

• Bachelor’s degree in law, Commerce, Financial Management, or related field.
• Postgraduate qualification in Compliance, Risk Management, or Financial Services Regulation.

Minimum Experience Level

• 2-5 years of experience in the South African collective investment scheme or trustee environment, with a strong focus on compliance.

Technical / Professional Knowledge

• Financial Accounting Principles
• Change management
• Principles of project management
• Business administration and management
• Management information and reporting principles, tools and mechanisms
• Service level agreements
• Consumer behaviour
• Client service management
• Diversity management

Behavioural Competencies

• Customer Focus
• Communication
• Earning Trust
• Coaching
• Delegation and Empowerment
• Building Partnerships