Career Opportunities at Nedbank

Job Purpose

• To manage and lead a team to ensure that an exchange control advisory and consultation service is provided to stakeholders that complies with the exchange control rules; regulations and directives as set by the South African Reserve Bank (SARB).

Job Responsibilities

• Build and maintain relationships with key stakeholders through regular engagements.
• Ensure expectations are managed and needs met.
• Ensure that services are delivered per requirements.
• Share information and knowledge and collaborate across teams within Exchange Control and other stakeholders.
• Manage expectations of stakeholders by clarifying mandates, scope and resource constraints, including alternative solution options.
• Ensure products comply to prescribed processes and ensure that Nedbank retain its foreign exchange license.
• Provide exchange control input and advice pertaining to new products.
• Keep abreast of changes to rules, regulations and directives by engaging with the SARB and FSB.
• Ensure team members adhere to agreed processes and standards through management and sign-off of the technical preparation, content verification and processing of exchange control applications submitted to SARB.
• Engage with and provide guidance to consultants on the preparation of complex and/or out of the norm exchange control applications.
• Assist team members to facilitate the approval of exchange control applications that do not meet the rules, regulations and directives as set by SARB.
• Ensure exchange control applications are expedited.
• Manage and sign-off on self-regulation exchange control applications, as per mandate from SARB to Authorised Dealers.
• Ensure that any outstanding documentation/information has been submitted and that applications are completed.
• Enable regulatory compliance by ensuring that all requests for exchange control applications are screened against the Sanctions/Office of the Foreign Assets Control list.
• Ensure transformational targets are met.
• Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
• Address issues raised in culture surveys to improve results.
• Deliver a worldclass service through a client service culture.
• Achieve operational excellence.
• Add value to the business by generating innovative ideas and encouraging team to generate innovative ideas and sharing knowledge.
• Manage performance of team members by implementing performance agreements and ensuring a clear vision.
• Mentor and coach staff on identified performance gaps.
• Ensure that Business Unit stays abreast in field of expertise and deliver on the expectations from stakeholders.
• Motivate team members to perform and contribute to the success of the business by encouraging participation in decision making processes.
• Ensure an environment for optimal performance is created by identifying training and development needs and by recruiting and managing talent.
• Maintain a high performing team by identifying talent pool through career conversations and developing talent retention programmes.
• Embrace the Nedbank vision and values by leading by example. Manage, control and monitor budget for own cost centre.
• Manage billable hours for self and team allocated.
• Implement SLAs with stakeholders.
• Ensure regulatory reporting requirements are met by responding to the SARB before the response expiry date.
• Ensure clients submit relevant documentation required by the regulator to resolve queries.
• Ensure exchange control fee charges are captured.
• Build and maintain relationships with key stakeholders.
• Ensure exchange control applications are expedited.
• Ensure exchange control fee charges are captured.
• Ensure expectations are managed and needs met.

Preferred Qualification

• Bachelor of Commerce: Law 
• Bachelor of Commerce : Accounting

Minimum Experience Level

• 6 years' experience in Exchange Control and foreign exchange experience, including 2 years management experience.

Technical / Professional Knowledge

• Change management
• Client service principles
• Diversity management
• Financial Accounting Principles
• Governance, Risk and Controls
• Money laundering
• Negotiation techniques
• Operations planning
• Principles of project management
• Relevant regulatory knowledge
• Resource allocation principles
• Management information and reporting principles, tools and mechanisms

Behavioural Competencies

• Earning Trust
• Coaching
• Communication
• Continuous Learning
• Customer Focus
• Influencing

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Job Purpose

• To market, sell, and cross-sell Nedbank products, In-Branch, to meet the needs of Retail Business Banking (RBB) clients; to retain and grow client base; to achieve and meet business objectives through identifying and fulfilling client financial needs and to provide consistent excellent client service.

Job Responsibilities

• Deliver and achieve all in-branch daily, weekly and monthly sales opportunities by following business unit sales strategy. Ensure technical, company standards and practices are met by vetting the accuracy and quality of applications and security documentation within sales portfolio
• Deliver agreed results through input to client financial analysis, making recommendations to credit, monitoring that security documentation are completed and returned to admin team and by confirming
• Obtain referrals from existing clients and in branch staff through collaboration.
• Market financial products to new and existing clients and stakeholders through the identification of client needs and by matching product to the need. Educate clients on the product offering by presenting them with the relevant information. Ensure retention of clients full banking relationship through client service and client contact. Plan and implement effective prospecting activities by identifying and responding to business opportunities.
• Ensure all client details are correct by capturing details correctly at application stage.
• Reduce fraudulent transactions by reporting suspicious transactions to the relevant department.
• Finalise client transactions by ensuring client signature for final product accepted. Ensure effective administration and controls in branch portfolio by checking securities and complying with FICA & FAIS requirements. Meet requirements of product applications by providing all required documentation.
• Bank queries and Bank Codes. Resolve client queries by following business procedure and keeping client informed. Act as client's banking partner by taking responsibility for providing regular feedback

Minimum Experience Level

• 2-3 years' Retail Banking experience a must
• 1-2 years’ experience Sales Consultant as in the financial sector essential
• Exposure to Small Business Services clients would be an advantage

Preferred Qualification

• NQF Level 5 or Higher in a Financial or Banking related field essential
• Must have a FAIS Complaint qualification (Min 120 Credits)
• Matric / Grade 12 / National Senior Certificate
• Regulatory Examination 1 would be an advantage

Type of Exposure

• Completing various administrative and secretarial duties (e.g.; answering phones; making copies; filing)
• Checking accuracy of reports
• Managing conflict situations
• Sharing information in different ways to increase stakeholders understanding
• Building and maintaining effective cross-functional relationships with internal and external stakeholders
• Managing customer expectations
• Working in a fast-paced and changing environment

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Job Purpose

• To enhance the effective use of credit analytics across Group Risk through enhancing the Group’s ability to manage the credit portfolio more actively, assisting to optimise the return on credit, in line with the business unit's risk appetite and Nedbank business strategy.
• The incumbent will contribute to a team which specialises in a focus on credit portfolio analytics from a Group perspective and driving the development of an analytics framework which involves, but are not limited to:

Job Responsibilities

• Creating and maintaining strategically focussed analytical tools with the operational team within the Credit Data Systems team
• Provision of MI, analysis and reporting, including recommendations for portfolio tilt initiatives
• Measuring the success of existing portfolio tilt initiatives
• Enhance the analysis of asset returns metrics
• Enhance risk/return analytics and conduct deep dives into credit portfolios
• Driving Active Credit Portfolio Management across all lending portfolios within the Group
• Analytics around Credit Capital (both RWA and ECAP), including, but not limited to, items such as RWA attribution development, ECAP vs. RWA analysis, ECAP optimisation
• Provision of asset Market share/peer analytics
• Contribute to the development of improved risk appetite measurement methodology and metrics
• Contribute to the GRA Manco to ensure a cohesive unit
• Stay abreast of developments in field of expertise, ensuring personal and professional growth.
• Understand and embrace the Nedbank vision and values, leading by example.
• Deliver services to internal client expectations.
• Build internal and external stakeholder relationships.
• Sharing knowledge and insights with members of the team
• More generally, the incumbent is expected play a role in the broader team, with responsibilities that include
• Conceptualisation, planning and execution of co-operative projects
• Mentorship and development of junior team members
• Active use of Advanced credit portfolio management to understand portfolios and have a more proactive view on Credit Risk.

Minimum Experience Level

• 2+ years’ work experience in credit risk (e.g., Basel or IFRS9 modelling, analytics, or pricing)
• Essential Qualifications - NQF Level
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Graduate degree in Mathematics, Financial Mathematics, Statistics, Economics or Actuarial Science, or a quantitative discipline (e.g., engineering), or a Chartered Accountant with credit risk experience.

Professional/Technical competencies

• Credit (e.g. risk, strategy, origination, pricing) knowledge
• More general analytical/quantitative skills
• Excellent communication and reporting skills (verbal and written)
• Strong programming skills (e.g. Python, VBA, Matlab, SAS, R)