Strategy Specialist : B-BBEE at Nedbank

Job Purpose

To facilitate and deliver Nedbank’s B-BBEE Transformation Strategy in conjunction with business, set targets, create the B-BBEE scorecard, monitor execution, provide subject matter expertise, ensure compliance with the relevant B-BBEE legislation and ensure that the bank remains at the forefront of transformation.

Job Responsibilities

• Developing the B-BBEE scorecard scenarios and strategy for the annual business planning process.
• Managing the Group’s and subsidiaries’ annual B-BBEE verification process.
• Ensuring that the bank is compliant with all B-BBEE and related legislation.
• Submission of all compliance reports internally and externally.
• Co-creating or updating the Business Transformation policy and Risk Frameworks and effective risk management.
• Providing technical and subject matter expertise around the relevant B-BBEE legislation i.e. Financial Sector Code, DTI Codes of Good Practice and other related B-BBEE legislation
• Educate and inform business of developments in the B-BBEE landscape and other industry-related matters.
• Producing the Group and Cluster scorecards on a monthly basis including the Transformation cost-benefit model.
• Managing the agreement and delivery of Group and Cluster Targets. Understanding actuals achieved to targets to identify business needs or areas of assistance to be able to add value and maximize the scorecard. If targets are not met, identify cause and facilitate the development of corrective action.
• Managing internal reporting to various committees within the bank e.g. CEO’s pack, Group EXCO, Transformation and Human Resources Committee (TRAHRCO), Group Transformation Social and Ethics Committee (GTSEC), Nedbank Diversity, Equity and Inclusion Committee (NDEIF), Group Transformation Forum (GTF), Group Procurement Committee (GPC) Forum etc. And ensure required standards of delivery are met.
• Attendance to relevant committee meetings as required ensuring representation from the Group Transformation Unit e.g. NDEIF, GPC
• Managing the responses to external questionnaires and surveys e.g. Financial Sector Transformation Council (FSTC), Banking Association South Africa (BASA), National Credit Regulator (NCR), , Empowerdex, Intellidex, etc.
• Stakeholder engagement to create and drive the development of projects and assist in implementation while ensuring alignment to related B-BBEE legislation.
• Managing adhoc strategic Transformation Work streams to ensure that all agreed outcomes are achieved.
• Managing the operationalizing of the automated B-BBEE system including scenario planning capability and ensure that legislative changes are updated.
• Engaging other institutions and key external stakeholders around best practice in Transformation with a view to identifying opportunities and keeping up to date with Transformation trends.
• Managing communications, media and sponsorship opportunities with a view to creating a positive reputation and image for Nedbank.
• Dealing with any B-BBEE requests from Group e.g. Develop the Transformation Review Chapter for integrated reporting, information for Tender submissions.
• Proficient in MS Office.
• Good business writing skills and paying attention to detail.
• Ability to analyse and assimilate information related to B-BBEE.
• Implement new ways of working to connect more often and support team members and deliver high-performance and improve productivity.
• Identify training courses and career progression for self through input and feedback

People Specification

Essential Qualifications - NQF Level

• Bachelor’s Degree in Commerce (Financial Management/Auditing/Quants/Similar)

Preferred Qualification Short Description

• Bachelor’s Degree in Commerce (Law or Similar)
• BEE MDP Programmes

Minimum Experience Level

• Minimum 5 - 7 years from a BEE Financial Services perspective. Must have experience working with the Financial Sector code.

Exposure Short Description

• Conducting root cause analysis and gap analysis.
• Analysing situations or data that requires an in-depth evaluation of multiple factors.
• Developing ways to minimize risks.
• Drafting reports and checking accuracy of reports and records.
• Managing conflict situations.
• Influencing stakeholders to obtain buy-in for concepts and ideas.
• Sharing information in different ways to increase stakeholders understanding.
• Brainstorming ways of improving a product or situation.
• Communicating standards to others.
• Building and maintaining effective relationships with internal and external stakeholders.
• Managing multiple projects.
• Preparing and delivering presentations.
• Using different approaches in new work situations.

Technical / Professional Knowledge

• B-BBEE Codes and related B-BBEE legislation, understand and interpret the Codes in detail with specialist knowledge and determining relevance and impact to Nedbank
• Microsoft Office with Advanced PowerPoint, Excel and Word.
• Business writing and report writing
• Relevant regulatory knowledge
• Industry trends
• Business acumen
• Relevant software and systems knowledge
• Banking knowledge
• Principles of financial management
• Principles of project management
• Business principles, terms and definitions
• Data analysis and assimilation of data
• Decision-making process
• Governance, Risk and Controls
• Basic computer concepts
• Information Technology concepts

Behavioural Competencies

• Building Trust
• Decision Making
• Facilitating Change
• Gaining Commitment
• Initiating Action
• Innovation
• Attention to detail
• Quality assurance
• Becoming a Business Advisor
• High-Impact Communication