Compliance Manager at Nedbank

Job Purpose

• To consult on and advise the transactional banking business area regarding relevant domestic and international legislation; including payments related legislation, compliance and governance to ensure abidance to relevant codes; regulations and rules thereby minimizing risk to and protecting the reputation of Nedbank.

Job Responsibilities

• Monitor compliance risks and determine the state of compliance in client facing business areas.
• Ensure compliance requirements are adhered to and adequate compliance risk management practices.
• Execute the annual compliance risk-based program.
• Provide input, review and ensure accurate reporting and articulation of compliance.
• Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection.
• Maintain relationships with internal stakeholders by establishing partnerships in managing compliance risks.
• Engage with stakeholders formally through determining scope of work, understanding and identifying client needs.
• Test whether the business control is adequate and effective and ensure that business procedure and processes adequately address legislative requirements.
• Advise business of new regulatory changes and identify potential impact of these changes on the business.
• Prevent compliance breaches and reputational risk from occurring, which could result in financial penalties.
• Ensure awareness of business compliance status.
• Enable compliance in payment services by ensuring compliance to electronic payment regulation.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce: Risk Management , Advanced Diplomas/National 1st Degrees

Essential Certifications

• Compliance Institute of South Africa preferred

Minimum Experience Level

• 5-8 years in a senior compliance/risk/governance role

Technical / Professional Knowledge

• Relevant Governance controls and regulatory knowledge
• Corporate Governance & Compliance
• Compliance reporting
• Archiving Documentation
• Policy & Procedural Knowledge