Compliance Risk Manager
6 days ago
The successful candidate will be responsible for ensuring adherence to relevant domestic and international legislation; compliance and governance, thereby minimising risk to and protecting the reputation of Nedbank.
Main Responsibilities- Develop and implement best practice for regulatory compliance across the business.
- Support the development of policies, procedures, frameworks and tools with specific focus on relevant risk legislation, benefiting the larger organisation.
- Define governance frameworks and ensure good governance practice.
- Advise and support the Group to ensure regulatory compliance standards are met and risks are mitigated.
- Identify, define and agree on the regulatory universe applicable for each relevant Business Unit, mitigating risks.
- Provide regulatory support and expertise in formulating and completing compliance risk management plans (CRMP's).
- Advise and support business in terms of applicability of legislation, mitigating risk.
- Ensure that compliance risk as well as all other impacted risks are adequately identified and guide the business in addressing such risk.
- Guide business to ensure that business policies contain the right content addressing legislative requirements, working toward an effective and adequate control environment.
- Advise business of changes in legislation and identify potential impact of these changes on the business.
- Influence the enhancement of business processes and methodologies specific to the area.
- Support and empower the Group to prevent compliance breaches and reputational risk from occurring, which could result in financial penalties.
- Create and strengthen awareness of business compliance risk management in relation to the evolving regulatory landscape.
- Promote and facilitate cross Cluster engagement, manage and improve business efficiencies.
- Engage with stakeholders on findings of compliance risk and control assessments to ensure action plans adhere to regulatory standards.
- Enable management to make informed decisions and prevent compliance breaches.
- Ensure that stakeholder relationships are effectively managed.
- Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.
- Stay abreast of developments in the field of expertise, ensuring personal and professional growth.
- Understand and embrace the Nedbank vision and values, leading by example.
- Manage performance through training, development and addressing poor performance through relevant channels.
- Educate self-regarding business, through engagement, meetings, procedures and policy awareness.
- Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
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