Job Description

Job Classification

• REQ: 133702 - Refilwe Falatsi
• Closing Date: 28 June 2024
• Division: Nedbank Insurance | Governance
• Employment Equity Statement: Preference will be given to individuals from underrepresented groups.

Job FamilyRisk, Audit and ComplianceCareer StreamRegulatory ComplianceLeadership PipelineManage Self: ProfessionalFAIS AffectedJob Purpose

• To monitor and provide assurance on the adherence to compliance practices in client facing clusters to ensure compliance risks are managed and reported across Nedbank.

Job Responsibilities

• Monitor compliance risks and determine the state of compliance in client facing Clusters.
• Ensure compliance requirements are adhered to and adequate compliance risk management practices implemented.
• Execute the annual compliance risk-based program.
• Provide input, review and ensure accurate reporting and articulation of compliance.
• Provide guidance in the completion of subsidiary compliance risk monitoring programs.
• 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.
• Develop collaborative relationship with the Compliance Institute of South Africa (CISA).
• Contribute to a culture of transformation goals by participating in Nedbank culture building initiatives, including CSI.

People SpecificationEssential Qualification - NQF LevelNational 1st Degrees (Bachelor of Commerce or Bachelor of Laws)Preferred QualificationPost Graduate Diploma: Risk Management, Compliance, Advanced DiplomasEssential CertificationsPreferred CertificationsCompliance Institute of South Africa (CISA) - preferred, not essential
FSCA Phase 1 Compliance Officer approval - preferred, not essentialMinimum Experience Level8 -10 years experience in risk management of which 5 years in a compliance related role or 4 - 5 years as a Compliance Officer.Technical / Professional Knowledge

• Change management
• Cluster specific operations
• Compliance reporting
• Governance, Risk and Controls
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Reputational risk management
• Risk management process and frameworks
• Stakeholder management
• Codes of Good Governance

Behavioural Competencies

• Decision Making
• Influencing
• Building Trusting Relationships
• Managing Work
• Quality Orientation
• Stress Tolerance

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Nedbank