Regulatory Compliance Specialist - Johannesburg, South Africa - Nedbank

Nedbank

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Requisition Details & Talent Acquisition Consultant

REQ Michelle Thabethe
Job Family
Risk, Audit and Compliance

Career Stream

Regulatory Compliance

Leadership Pipeline

Manage Self: Professional

Job Purpose

To consult on and advise the Group regarding relevant domestic and international legislation; compliance and governance to ensure adherence to relevant codes; regulations and rules thereby minimising risk to and protecting the reputation of Nedbank

Responsibilities:

Advise business on best practice for regulatory compliance by ensuring the business is educated on the regulatory landscape and by creating awareness around compliance implication of daily duties.
Support the central function by assisting in developing of policies, procedures, frameworks and tools with specific focus on relevant risk legislation, for the benefit of the larger organisation.
Define governance frameworks and ensure good governance practice.
Monitor and ensure business committees operate according to required business governance standards through regular engagement.
Assess committees adherence to the governance requirements.
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 the formulation and completion of compliance risk management plans (CRMP's).
Advise and support business in terms of applicability of regulation and in so doing, mitigate risk.
Ensure that compliance risk as well as all other impacted risks are adequately identified and in so doing, guide the business in terms of addressing such risk.
Guide business to ensure that business policies contain the right content addressing legislative requirements thereby working toward an effective and adequate control environment
Advise business of changes in regulation 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 the business compliance risk management in relation to 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 buyin for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.
Stay abreast of developments in 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 selfregarding 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.

Essential Qualifications - NQF Level

Preferred Qualification

Post Graduate qualification in Compliance

Essential Certifications

Compliance Practitioner (SA) / CPrac (SA)/Admitted Attorney

Type of Exposure

Relevant regulatory and compliance experience
Managed risk and compliance
Interpretation of legislation
Checking accuracy of business feedback in response to evolving regulatory landscape
Minimum Experience Level 35 years in a compliance/governance role

Technical / Professional Knowledge