Head: Compliance Oversight

2 weeks ago


Johannesburg, Gauteng, South Africa Nedbank Full time

Job Classification
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REQ:

Refilwe Falatsi:

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Closing Date: 25 August 2023:

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Division: Wealth Centre | Compliance:

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Employment Equity Statement:
Preference will be given to individuals from underrepresented groups
:

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NB: This role is a specialist role and it does not have a team reporting to this role.

  • Job Family
  • Risk, Audit and Compliance


Career Stream
  • Regulatory Compliance


Leadership Pipeline
  • Manage Managers
  • FAIS Affected
    Job Purpose
  • To assist the cluster compliance function 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 endeavor to avert potential litigations/ penalties

Responsibilities:

  • Assist in promoting and executing the Wealth Cluster and Group wide compliance strategic initiatives.
  • Assist the cluster / business unit's compliance function to set an annual budget.
  • Provide guidance to relevant clusters with regard to compliance and monitoring risks by providing support or offering expert advice to compliance officers.
  • Review reports and provide input for stakeholder engagements.
  • Compile reports for the various governance forums and Exco
  • Present findings and engage business on mitigation of compliance risks.
  • 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.
  • Maintain effective internal and external stakeholder relationships and mutually beneficial partnerships.
  • Promote coordination and collaboration with other assurance providers.
  • Effectively and efficiently manage the team across the HR value chain including recruitment, performance management, retention of critical staff and succession planning.
  • Motivate staff to perform and contribute to the success of the business by creating an environment of teamwork through engaging with staff (sharing information) and encouraging participation in decisionmaking processes.
  • Keep abreast of developments in field of expertise, including legislation and other industry changes that impact on role Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and Corporate Social Initiatives (CSI).
  • 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.

People Specification

  • Essential Qualifications
  • NQF Level
  • Advanced Diplomas/National 1st Degrees


Preferred Qualification
  • An appropriate legal, commercial or other applicable degree
  • Postgraduate Diploma in Compliance Management
  • Preferred Certifications
  • Compliance Institute of South Africa (CISA) preferred, not essential
  • Minimum Experience Level 8+ years appropriate and relevant experience; at least 5 years Compliance experience in the Financial Services industry
  • Work experience in wealth management, asset management and/or insurance 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
- **_Please contact the Nedbank Recruiting Team at _
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