Head: Market Conduct Risk Assurance - Johannesburg, South Africa - Nedbank

Nedbank

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Requisition Details & Talent Acquisition Contact

REQ Tshego Semenya
Location: Johannesburg
Closing date: 17 April 2024
Cluster
Group Risk
Career Stream
Enterprise wide Risk Management
Leadership Pipeline
Manage Others (MO)
Position
Head: Market Conduct Risk Assurance
Job Purpose
To be accountable for developing, controlling and outcomes testing, which forms a central element to Conduct Risk measurement and monitoring, providing insight into Conduct through identifying business practices, managing the continuous and proactive monitoring of conduct risks for the Group; and to provide independent assurance to all Nedbank Group stakeholders

Responsibilities:

Deliver on the Group Conduct Risk Management strategies and annual conduct risk monitoring plans.
Develop conduct risk annual assurance plans working alongside Group Internal
Audit (GIA) and Group Compliance and ensure a coordinated approach.
Develop a quarterly thematic report providing insights into outcomes from coordinated assurance plan.
Providing insight into conduct risk exposure through identifying business practices and strategy, managing the continuous and proactive monitoring of conduct risks. "Outcomes testing" refers to a range of practices that assess whether customers have received a fair outcome.

Analyse stakeholder and marketplace threats and opportunities that may result in conduct risk and provide mitigation solutions that ultimately enhance Nedbank's reputation and derive value.

Monitor Adverse Media for conduct risk and responding/leading appropriately.
Ensure the continuous, proactive, and consistent monitoring of conduct risks for the Group.
Review outcome of conduct risk practices of stakeholders by analysing, reviewing, and assessing internal controls presented as mitigants.
Monitor and analyse material conduct risks and control breakdowns through the facilitation of root cause analysis conducted by stakeholders and recommend appropriate corrective action and/or interventions.
Compile and/or provide input into internal conduct risk reports and external disclosures by presenting relevant conduct risk data for presentation to various internal and external committees.
Leverage data and data analytics to develop continuous monitoring of Market Conduct and develop predictive conduct risk indicators and analysis.
Engage with Financial Sector Conduct Authority on a quarterly basis on conduct risk themes within the organisation.
Engage on identification of conduct risk and the remediation thereof with Senior Executives
Setup up conduct risk assurance team and management thereof.
Responsible for developing an annual budget for monitoring and assurance as per the annual plan.
Keep abreast of local and international legislation and trends impacting market conduct.
Manage retention and succession of key staff to sustain the pipeline and ensure that the right conduct risk managers are appointed in the right jobs.
Coach and mentor team to make decisions and recommend tailored solutions to Business Unit specific conduct risk problems.
Identify career progression opportunities to improve personal capability and to stay abreast of developments in field of expertise.
Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders; to achieve goals and objectives.