Compliance Manager

Job Purpose

To consult on and advise the Transactional Services Division regarding relevant domestic and international legislation; including payments related legislation, compliance and governance to ensure abidance to relevant codes; regulations and rules thereby minimising risk to and protecting the reputation of Nedbank.

Job Responsibilities

Monitor compliance risks and determine the state of compliance in client facing business areas.
Ensure compliance requirements are adhered to, and adequate compliance risk management practices are in place.
Execute the annual compliance risk-based program, i.e. Identify, Assess, Monitor & Report.
Provide input, review and ensure accurate reporting and articulation of compliance risks.
Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection.
Maintain relationships with internal stakeholders by establishing partnerships in managing compliance risks.
Engage with stakeholders formally through determining scope of work, understanding and identifying client needs
Test whether the business control is adequate and effective and adequate and ensure that business procedure and processes policies contain the right content adequately addressing legislative requirements.
Advise business of new regulatory changes and identify potential impact of these changes on the business.
Prevent compliance breaches and reputational risk from occurring, which could result in financial penalties.
Conduct training for staff on compliance obligations, and ensure awareness of business compliance status.
Enable compliance in payment services by ensuring compliance to electronic payment regulation.

Essential Qualifications - NQF Level