Compliance Manager at Nedbank

Job Purpose

• To provide oversight and perform an advisory function on the adherence to compliance practices in client facing clusters to ensure compliance risks are managed and reported across Nedbank.

Job Responsibilities

• Ensure compliance risks are managed by developing an annual risk- based compliance monitoring programme across client facing clusters.
• Monitor compliance risks and determine the state of compliance in client facing clusters through utilising relevant methodology (e.g.  state of compliance review or efficiency and effectiveness testing).
• Ensure compliance requirements are adhered to and adequate compliance risk management practices implemented by tracking key compliance risks in client facing clusters and through conducting monthly reviews.
• Monitor compliance risks and ensure corrective action through analysis of compliance related information.
• Provide input, review and ensure accurate reporting and articulation of compliance risks
• Provide guidance in the completion of subsidiary compliance risk monitoring programmes
• Influence the improvement or enhancement of business processes and methodologies
• Present findings of compliance reviews to stakeholders through formal engagement.
• Execute the annual compliance risk-based programme by assessing and monitoring the adequacy and completeness of compliance plans implemented by stakeholders.
• Provide assurance to stakeholders on the state of compliance by reporting on how key risks are being managed, highlighting areas that require immediate attention and recommend corrective action to stakeholders.
• Support the achievement of business strategy
• Establish relationships with stakeholders.
• Obtain buy-in for developing new and/or enhanced processes that will add value to stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection of such contraventions.
• 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.
• Maintain relationships with stakeholders by keeping them informed of any compliance risk related matters that may compromise their business.
• Comment on mitigating actions to be implemented by stakeholders through assessment of the adequacy thereof and recommend further corrective action (e.g. documenting policies and processes, etc.).
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from management.
• Ensure personal growth and application of new competence in function by completing all personal development plan activities within specified timeframes.
• Ensure relevant up skilling takes place and effective handover to relevant responsible person for actioning
• Contribute to a culture conducive for the achievement of transformation goals by participating in Nedbank Culture building initiatives

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees
• Matric / Grade 12 / National Senior Certificate

Preferred Qualification

• Post Graduate Diploma in Compliance Risk Management
• LLB

Preferred Certifications

• Compliance Institute of South Africa (CISA)

Minimum Experience Level

• 3-5 years’ experience in a compliance related role within the financial services industry