Head Compliance: Servicing

nedbank; Johannesburg; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading financial institution in Johannesburg seeks a Compliance Manager to oversee compliance functions, manage risks, and support the compliance officers. Ideal candidates will have over 8 years of experience in the financial services industry, particularly in regulatory compliance. You will help in setting budgets, guiding compliance measures, and ensuring effective internal stakeholder relationships. This role supports a culture of transformation and adherence to regulatory standards.

Qualifications

• 8+ years of relevant compliance experience in financial services.
• Understanding of relevant regulatory legislation.
• Experience in governance and compliance in banking.

Responsibilities

• Assist in setting annual compliance budgets.
• Guide compliance officers on monitoring risks.
• Compile reports for governance forums.
• Present findings to mitigate compliance risks.
• Manage team performance across HR functions.

Skills

Regulatory compliance knowledge

Risk management

Stakeholder engagement

Team management

Communication skills

Education

Matric / Grade 12 / National Senior Certificate

Advanced Diplomas/National 1st Degrees

LLB

Post Graduate Diploma in Compliance Risk Management

Tools

Compliance reporting tools

Auditing tools

Job description

• To assist the cluster compliance function with the coordination; facilitation and management of the Compliance function for the Division through oversight and advisory, reporting and developing networks; providing advice to minimise regulatory; reputational and compliance risk and endeavour to avert potential litigations/ penalties and ultimately increase shareholder value for the bank.

Job Responsibilities

•Assist the cluster / business unit's compliance function to set an annual budget.
•Provide guidance to relevant cluster's with regard to compliance and monitoring risks by providing support or offering expert advice to compliance officers.

•Review reports and provide input for all stakeholder engagements.

•Compile reports for the various governance forums and Exco

•Present findings and engage business on mitigation of compliance risks.

•Assist with providing direction and support to the compliance officers through alignment to the standards, processes and procedure and where possible identify and recommend opportunities for enhancements.
•Maintain effective internal and external stakeholder relationships and mutually beneficial partnerships.
•Effectively and efficiently manage the team across the HR value chain including recruitment, performance management, retention of critical staff and succession planning.
•Motivate staff to perform and contribute to the success of the business by creating an environment of teamwork through engaging with staff (sharing information) and encouraging participation in decision-making processes.
•Keep abreast of developments in field of expertise, including legislation and other industry changes that impact on role by reading relevant newsletters and websites and attending sessions to remain current.
•Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and Corporate Social Initiatives (CSI).
•Participate in developing, implementing and addressing issues raised in culture surveys to improve results.
•Ensure transformational targets are met.

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

LLB

Post Graduate Diploma in Compliance Risk Management

Preferred Certifications

• Compliance Institute of South Africa (CISA) - preferred, not essential

Minimum Experience Level

8+ years appropriate and relevant compliance experience within the financial services industry

Technical / Professional Knowledge

• Relevant regulatory, compliance and risk legislation
• Compliance reporting
• Governance and Compliance in Banking
• Auditing
• Corporate Governance & Compliance
• Building Partnerships
• Building Networks
• Delegation and Empowerment
• Execution

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Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP16).

For assistance please contact the Nedbank Recruiting Team at [phone]