Available Vacancies at NedBank

Job Purpose

• The validation of the models used for the calculation regulatory and economic capital as well as credit impairments and the rating processes. This is to contribute to the goal of best practice models in line with regulations and accounting standards (where applicable) in order to facilitate world class risk management.

Job Responsibilities

• The role provides in-depth exposure to the bank’s credit risk measurement models used for the calculation of regulatory and economic capital, as well as credit impairments. Your work will be focused on Retail credit models and you will be required to interact with senior modellers on a regular basis. The role offers high visibility as analyses and reports will be tabled at board level committees, the South African Reserve Bank (SARB) and the bank’s internal and external auditors.
• The validation function assures the Board, the external auditors of the bank and SARB of the high standard and regulatory compliance of the credit risk models, the rating processes and IFRS 9 impairment models. You will be required to provide constructive challenge to business and recommend improvements to models as a subject matter technical expert.
• The ideal candidate will blend excellent communication, report writing, project management and general credit knowledge with solid technical expertise. Developing challenger models, assisting Nedbank to optimise the number of credit models, and developing your business knowledge will take the team to the next level.
• Your analyses and reports are presented at Nedbank Group Board committees, the SARB and the bank’s internal and external auditors offering high visibility across the organisation. The divisional culture emphasises development, especially of leadership and behavioural skills, as well as embracing psychological safety. The team will focus on automation, machine learning and expansion into new areas such as credit risk loss forecasting, credit stress testing and anti-money laundering during the medium term. This provides opportunities for development and establishing an organisation wide reputation for the ambitious candidate.

Deliverables

• Validation of credit risk models and processes - Quantitative and qualitative validation of credit risk models and data, together with the application thereof.
• Subject matter expert - Provide input/assistance in the build and refinement of credit risk models within the business clusters.
• Enhancements to existing models - Independent development of models to assess potential for improvement on existing ones.
• Continuous learning - Keeping abreast with emerging regulatory requirements and modelling techniques in order to fulfil the role as a subject matter expert. Conduct research into model development and validation best practice. Independently develop alternate PD, LGD, EAD models to that currently in use.
• Liaising with the stakeholders - Liaising with the business, credit, and senior modellers to ensure that the validation process and feedback are optimised. Preparing and presenting reports to senior management.
• Change facilitation - Facilitate improvement in credit risk models and processes.
• Organisational learning - Knowledge sharing, research and mentoring of junior staff members and graduates, including skill transfer.
• Documentation - Document work performed and findings of validations. Prepare balanced and objective written communications to various stakeholders, including SARB, the external auditors of the bank and the Board.
• Ad-hoc - Assisting management with various ad‐hoc tasks, reports, specific deep dives, SARB communication and analysis.

 
Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Honours degree in Statistics/Mathematics/Econometrics/Finance/Actuarial Science or related quantitative discipline.

Minimum Experience Level

• 1-2 years experience in Retail risk modelling, validation or credit management environment – with a strong preference for AIRB or IFRS 9 modelling

Technical / Professional Knowledge

• Knowledge of legislative requirements for regulatory credit capital models under the AIRB approach 
• Statistical or mathematical modelling skills 
• Knowledge of IFRS 9 Financial Instruments standard for the calculation of credit impairments is an advantage 
• Understanding of credit modelling and rating process 
• MS Office, particularly Excel (advanced user) 
• SAS and SQL (preferred)

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Job Purpose

• To drive the timeous execution of the day-to-day services in the Corporate Actions Department within Client Delivery unit through increased operational efficiency and improved client experience. To identify and mitigate operational risk/issues through the collaboration with the relevant servicing teams by managing exceptions and timeous engagement with clients.

Job Responsibilities

• Manage the overall objectives and drive operational efficiency in the fulfilment of specific client delivery unit execution deliverables from a Corporate Actions and Proxy events processing perspective. 
• Strengthen team participation through effective collaboration within NIS, client delivery unit and across the portfolio value chain.  
• Support the direct Senior Manager by leveraging unique product SME knowledge & experience in optimizing and investing in key technology, systems, and processes to continuously drive efficiencies and future market initiatives. 
• Manage and process Corporate Actions and Proxy events in line with Strate Directives, Market Practice and NIS processes.
• Prepare relevant Corporate Actions and Proxy events standard reports
• Ensure a gold-standard client experience by managing the execution obligations within the product portfolio. 
• Ensure seamless client experience through efficient and reliable services by prioritizing high value clients.
• Identify and resolve client pain points through the engagement and escalation to the direct Senior Manager
• Ensure exceptions are identified, tracked, resolved, and communicated to the portfolio Senior Specialist
• Support opportunities to improve business processes, systems, and digitization by implementing effective ways to operate within the specific Client Delivery unit.
• Stay abreast of current rules and regulations and contribute to the crafting of procedures; standards; processes.

Essential Qualifications - NQF Level

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

Preferred Qualification

• Bachelor of Commerce in Finance, Accounting or Economics 

Preferred Certifications

• Strate/JSE Certification

Minimum Experience Level

• 3 - 5+ years’ experience in Financial Services focused on Middle Office, Support Client Operations preferably in a Corporate Actions Department within Custodial Services

Technical / Professional Knowledge

• Administrative procedures and systems
• Data analysis
• Business writing skills
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Banking procedures
• Cluster Specific Operational Knowledge
• Business principles
• Business terms and definitions
• Governance, Risk and Controls

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Cluster

Group Risk

Career Stream

Regulatory Compliance

Leadership Pipeline

Manage Self Professional

Job Purpose

To analyse and interpret trends, best practice, regulatory risk requirements, higher home and host requirements and draft, maintain, review, monitor internal controls and documentation associated with money laundering, terrorist financing, proliferation financing and sanctions compliance to ensure applicable requirements and standards within Nedbank are met for its subsidiaries.

Job Responsibilities

• Assess associated risks, benefit and value add of best practices and regulatory risk requirements to identify the impact on Nedbank to ensure the mitigation of risks associated with money laundering, terrorist financing, proliferation financing and sanctions.
• Provide advice, input, and guidance to stakeholders, through analysis and interpretation of processes, policies, procedures, practices, and plans.
• Provide input into new and existing business products and processes through identifying and analysing associated risks related to money laundering, terrorist financing, proliferation financing and sanctions to prevent risks
• Liaise with stakeholders to fully understand expectations and/or requirements to update management and stakeholders on progress, best practice, regulatory risk requirements and to ensure expectations are met.
• Engage with stakeholders to provide clarification, advice, guidance, and assistance related to best practices and regulatory risk requirements to ensure mitigation of risks associated with money laundering, terrorist financing, proliferation financing and sanctions.
• Identify relevant stakeholders through assessing applicability of impact and the dissemination of policies, processes, procedures, practices and/or plans to ensure alignment to best practice and regulatory risk requirements.
• Maintain relationships with relevant stakeholders to obtain applicable content and/or trends to provide advice to stakeholders.
• Liaise with stakeholders to identify gaps, clarify discrepancies, and provide input and feedback based on trends, best practice, and regulatory risk requirements to ensure risks are mitigated.
• Obtain feedback and / or input from stakeholders on identified risks to ensure these risks are monitored through applicable governance forums and structures.
• Follow up on identified risks and corrective action to be taken by stakeholders within specified timeframe through meetings and/or electronic medium to ensure that best practice and regulatory risk requirements are met.
• Stay abreast of industry trends and developments.
• Identify higher home or host requirements and ensure any risks are mitigated.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• BA Law

Preferred Certifications

• ACAMS; Money Laundering certificate (UJ) - preferred

Minimum Experience Level

• 7 years Anti-Money Laundering Experience
• Cross African country regulatory legislation experience

Technical / Professional Knowledge

• Governance, Risk and Controls
• Relevant software and systems knowledge
• Relevant regulatory knowledge
• Data analysis
• Risk Management
• Stakeholder management
• Compliance reporting
• Reputational risk management