Job Responsibilities

Operational responsibilities

• Build and maintain relationships with internal stakeholders (i.e. the division’s 1^st line as well as 2^nd line divisional functions such as risk, AML and legal and 3^rd 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 1^st line (business acumen)
• As part of 2^nd line, engage with 1^st 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 1^st line (whilst maintaining independence of mind as part of 2^nd line)
• Execute on the agreed annual Compliance Coverage Plan for the division within set timelines
• Ensure compliance risks are managed by developing/updating the Compliance Risk Management Plans (CRMPs) on an annual basis across client facing business (1^st line)
• Provide advice and guidance to 1^st line on compliance risks, controls, and possible contraventions, through formal and ad hoc monitoring and early detection
• Provide assurance to 1^st 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 (1^st 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 1^st and 2^nd 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/certifications and Experience

• Advanced Diplomas/National 1st Degrees (as recognized by FSCA)
• FSCA Regulatory Exam - RE 1

Preferred qualifications/certifications and Experience

• Post Graduate Diploma in Compliance Management
• Legal Degree
• FSCA Regulatory Exam - RE 3 and RE 5
• CPrac (SA) - Compliance Practitioner designation from CISA; or
• Occupational Certificate: Compliance Officer; or
• Certificate in Compliance Management
• Registered/approved FSCA Compliance Officer

Minimum Experience Level

• 5 years’ experience in compliance risk management is required.
• Experience in FAIS, FICAA, POPIA, NCA, required.

Interested parties are requested to apply by emailing a copy of their CV to melissacl@nedbank.co.za