Regulatory Compliance Specialist

nedbank; Johannesburg; On-site; ZAR 500,000 - 900,000; Full time

Job summary

An established industry player is seeking a Compliance Consultant to guide and support regulatory compliance efforts. In this pivotal role, you will consult on legislation, advise on best practices, and develop frameworks to ensure adherence to regulations. Your expertise will help minimize risks and protect the organization's reputation. This position offers the opportunity to engage with various stakeholders and influence compliance strategies, all while contributing to a culture of transformation. If you are passionate about compliance and governance and have a strong background in regulatory matters, this role is perfect for you.

Qualifications

• 5-10 years in a Compliance/Legal/Governance role required.
• Experience with Banks Act, Financial Intelligence Centre Act, National Credit Act.

Responsibilities

• Advise on regulatory compliance and best practices.
• Develop policies and frameworks to mitigate risks.
• Engage with stakeholders on compliance assessments.

Skills

Regulatory Compliance

Risk Management

Legislative Interpretation

Stakeholder Engagement

Policy Development

Education

LLB

Tools

Compliance Reporting Tools

Job description

Requisition Details & Talent Acquisition Consultant

REQ 138402 - Michelle Thabethe

Location: Sandton

Closing Date: 18 March 2025

Job Family: Risk, Audit and Compliance

Career Stream: Regulatory Compliance

Leadership Pipeline: Manage Self: Professional

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.

Please contact the Nedbank Recruiting Team at [phone]