Compliance Manager - Johannesburg, South Africa - Nedbank
Description
Job Classification
-
REQ:
Refilwe Falatsi:
-
Closing Date: 23 February 2023:
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Division: Wealth Centre
- Compliance
Employment Equity Statement:
Preference will be given to individuals from underrepresented groups.
- Job Family
- Risk, Audit and Compliance
- Career Stream
- Regulatory Compliance
- Leadership Pipeline
- Manage Others
- 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 reporting, developing networks; and providing advice to minimise regulatory, reputational and operational risk
Responsibilities:
- Assist in promoting and executing the Wealth Cluster and Group wide compliance strategic initiatives.
- Provide expert advice to business units through the respective compliance teams with regard to compliance risk.
- Review Compliance Risk Managemet plans and Monitoring reports, where required.
- Monitor the execution of the Cluster's compliance coverage plans.
- Compile reports for the various governance forums and Exco.
- Provide assurance to stakeholders on the state of compliance by reporting on how key risks are being managed, highlighted areas that require immediate attention and recommend corrective action to stakeholders.
- Assist with providing direction and support to the compliance officers through alignment to the standards, processes and procedure and where possible identity and recommend opportunities for enhancements.
- Maintain effective internal and external stakeholder relationships and mutually beneficial partnerships.
- Promote coordination and collaboration with other assurance providers.
- Motivate staff to perform and contribute to the success of the business by creating an environment of teamwork through sharing information.
- Keep abreast of developments in field of expertise, including legislation and other industry changes that impact on business; and facilitate new regulatory development assessments.
- Represent Cluster Compliance in various committees.
- Participate in industry and professional body platforms where required.
- Develop and execute the relevant training plan.
- 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
7 years Compliance experience in the Financial Services Industry:
Managerial experience will be an added advantage
:
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Work experience in Wealth Management, Asset Management and/or Insurance 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
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