Regulatory Compliance Specialist

Description:

Job Family

Career Stream

Leadership Pipeline

Job Purpose

• To consult, advise and report to 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.

Job 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.
• Understanding, positioning and articulating for legislative change.
• 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.
• 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 legislation 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 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 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 buy-in 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 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.

Essential Qualifications - NQF Level

• LLB

Essential Certifications

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

Type of Exposure

• Relevant regulatory and compliance experience in relation to the following areas – inter alia Banks Act, Financial Intelligence Centre Act, National Credit Act,
• Managed risk and compliance
• Interpretation of legislation
• Checking accuracy of business feedback in response to evolving regulatory landscape
• Regulatory Reporting
• Industry engagements

Minimum Experience Level

• 5-10 years in a Compliance/ Legal/ Governance role

Technical / Professional Knowledge

• Relevant Governance controls and regulatory knowledge
• Corporate Governance and Compliance
• Compliance reporting
• Policy and Procedural Knowledge

Behavioural Competencies

• 360° Decision Making
• Influencing
• Building Trusting Relationships
• Managing Work
• Quality Orientation
• Stress Tolerance

Requirements:

• To consult, advise and report to 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.

• 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.
• Understanding, positioning and articulating for legislative change.
• 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.
• 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 legislation 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 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 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 buy-in 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 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.

• LLB

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

• Relevant regulatory and compliance experience in relation to the following areas – inter alia Banks Act, Financial Intelligence Centre Act, National Credit Act,
• Managed risk and compliance
• Interpretation of legislation
• Checking accuracy of business feedback in response to evolving regulatory landscape
• Regulatory Reporting
• Industry engagements

• 5-10 years in a Compliance/ Legal/ Governance role

• Relevant Governance controls and regulatory knowledge
• Corporate Governance and Compliance
• Compliance reporting
• Policy and Procedural Knowledge

• 360° Decision Making
• Influencing
• Building Trusting Relationships
• Managing Work
• Quality Orientation
• Stress Tolerance