Job ID

137846

Closing Date: 03 February 2025

Job Purpose

Provide advice, guidance, oversight and assurance on the adherence to compliance practices in client facing divisions (1st line) to ensure compliance risks are identified, assessed, managed and reported on for Nedbank. Be a trusted advisor to 1st line but maintain independence of mind as part of 2nd line.

Job Responsibilities Build and maintain relationships with internal stakeholders (i.e. the division’s 1st line as well as 2ndline divisional functions such as risk, AML and legal and 3rd line being audit) by establishing effective partnerships to identify and manage compliance risks Develop and maintain a clear understanding of the scope and nature of the business conducted by 1stline (business acumen) As part of 2nd line, engage with 1st line towards clarifying roles and responsibilities in the management of compliance risk i.e. risk identification, categorization, assessment, management (completing and maintaining Compliance Risk Management Plans - CRMPs) and monitoring Adopt and adhere to a risk-based approach in the management of compliance risk Develop a solid understanding of all high-risk legislation that applies to the division Keep abreast of all regulatory developments/changes that may potentially impact the stockbroking business and engaging relevant stakeholders on a timely basis to ensure business readiness and ongoing compliance risk management Contribute to the creation of a compliance culture and compliance awareness in the division by becoming a trusted advisor to 1st line (whilst maintaining independence of mind as part of 2nd line) Execute on the agreed annual Compliance Coverage Plan for the division within set timeline. People Specification Ensure compliance risks are managed by developing/updating the Compliance Risk Management Plans(CRMPs) on an annual basis across client facing business (1st line) Provide advice and guidance to 1st line on compliance risks, controls, and possible contraventions, through formal and ad hoc monitoring and early detection Provide assurance to 1st line on whether compliance requirements are met, and adequate compliance risk management practices have been implemented Ensure accurate and timely reporting on any non-compliance, the management of compliance risks, and the state of compliance in the division (1st line) Provide assurance to stakeholders on the state of compliance by reporting on how key risks are being managed, highlighting areas that require immediate attention and recommend corrective action to stakeholders Present findings of compliance reviews to stakeholders through formal engagement Comment on mitigating actions to be implemented by stakeholders through assessment of the adequacy thereof and recommend further corrective action (e.g. documenting policies and processes, etc.). Take an active part in all relevant governance and other committees Have a monthly one-on-one engagement with each of your key stakeholders in 1st and 2nd line (e.g. business, risk team, legal team, AML) Perform any other tasks relevant to the role of a compliance officer as directed by management Essential Qualifications - NQF Level Advanced Diplomas/National 1st Degrees Preferred Qualification Post Graduate Diploma in Compliance Management Legal Degree JSE Compliance Officers examinations in the Equity and Equity Derivatives markets Preferred Certifications JSE Settlement Officer examination and the Registered Persons Examinations Occupational Certi fi cate: Compliance Officer Certi fi cate in Compliance Management CPrac (SA) - Compliance Practitioner designation from CISA Minimum Experience Level 3-5 years' experience in a risk and compliance role within a stockbroking environment Type of Exposure Analysing situations or data that require an in depth evaluation of multiple factors Drafting reports Influencing stakeholders to obtain buy-in for concepts and ideas Comparing two or more sets of information Working with a group to identify alternative solutions to aproblem Consolidating data from various sources and identify/interpret trends Identifying and interpreting regulatory risk trends Managing stakeholder expectations Monitoring adherence and compliance Working across all risk categories Presenting to senior leaders Technical / Professional Knowledge Change management Cluster specific operations Compliance reporting Governance, Risk and Controls Relevant regulatory knowledge Relevant software and systems knowledge Reputational risk management Risk management process and frameworks Stakeholder management Codes of Good Governance Behavioural Competencies Decision Making Influencing Building Trusting Relationships Managing Work Quality Orientation Stress Tolerance

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Please contact the Nedbank Recruiting Team at +27 860 555 566