Head of Compliance Oversight at Nedbank

Job Purpose

• To assist the Executive Head of Compliance with the coordination, facilitation and management of the Compliance function for the Wealth Cluster through oversight and advisory, reporting and developing networks; providing advice to minimise regulatory, reputational and compliance risk, and endeavour to avert potential litigations/ penalties.

Job Responsibilities

• Assist in promoting and executing the Wealth Cluster and Group wide compliance strategic initiatives, and embedding the Nedbank Compliance Framework.
• Support the Wealth Executive Head of Compliance and the Group Compliance function in entrenching and promoting a compliance culture and creating a compliance presence.
• Participate in developing, implementing, and addressing issues raised in culture surveys to improve results.
• Assist with providing direction and support to the compliance officers through alignment to the standards, processes and procedure and where possible identify and recommend opportunities for enhancements.
•  Assist the cluster / business unit's compliance function to set and maintain an annual budget.
• Provide guidance to relevant divisions regarding compliance risks by providing support or offering expert advice.    
• Participate in regulatory interactions and industry engagements, where required.                                                                               
• Implement reporting and escalation of compliance matters through reports for the various governance forums and Exco, and represent the compliance team at the relevant committees.     
• Participate in various internal and external working groups and initiatives aiming at enhancing the status of compliance.
• Evaluate the effectiveness of business processes and other controls to ensure compliance with the applicable legislation locally and internationally.
• Conduct thorough internal investigations of compliance issues and breaches.
• Collaborate with other subject matter experts in Data Privacy, Conduct Risk and Financial Crime.
• Develop and maintain a skills matrix for the Cluster compliance team.
• Maintain effective internal and external stakeholder relationships and mutually beneficial partnerships.    
• Promote coordination and collaboration with other assurance providers.                   
• Keep abreast of developments in field of expertise, including legislation and other industry changes that impact on role and the Cluster. 
• Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and Corporate Social Initiatives (CSI).

People Specification
Essential Qualification - NQF Level

• Matric / National Senior Certificate
• Bachelor’s Degree or higher in legal or commerce or other applicable degree 
• Postgraduate Diploma in Compliance Management (Preferred Additional Qualification)

Preferred Certifications

• Compliance Institute of South Africa (CISA) - preferred, not essential

Minimum Experience Level

• 8+ years appropriate and relevant experience in a compliance, auditing, risk or legal role, with at least 5 years compliance experience in the Financial Services industry
• Work experience in wealth management, asset management and/or insurance environment will be an added advantage.
• Managerial experience will be an added advantage.

Technical / Professional Knowledge

• Change management
• Client service management
• Diversity management
• Employee training/development
• Financial Accounting Principles
• Governance, Risk and Controls
• Operations planning
• Principles of project management
• Relevant regulatory knowledge
• Strategic planning

Behavioural Competencies

• Decision Making
• Work Standards
• Applied Learning
• Communication
• Adaptability
• Driving for results