Senior Manager: Compliance

Job Requisition Details

Requisition Number: 139180

Closing Date: 16 May 2025

Talent Acquisition: Precious Motlhako 

Job Family

Career Stream

Leadership Pipeline

Job Purpose

Nedbank’s compliance function is sourcing for a Senior Compliance Manager that will assist the cluster Head of Compliance and Senior Management with compliance related activities within the Payments and Product Design/Innovation businesses. The successful incumbent will be responsible for the management of the teams’ outputs and will also be expected to provide advice, guidance, oversight and assurance on the adherence to compliance practices within respective businesses.

Job Responsibilities

•Build and maintain relationships with internal stakeholders (i.e. the division’s 1st line as well as 2nd line cluster functions such as risk, AML and legal and 3rd 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 1st line (business acumen),
•As part of 2nd line, engage with 1st 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 cluster/business,
•Keep abreast of all regulatory developments/changes that may potentially impact solution/product development and engaging relevant stakeholders on a timely basis to ensure business readiness and ongoing compliance risk management,
•Provide advice and guidance to 1st line on compliance risks, controls, and possible contraventions, through formal and ad hoc monitoring and early detection,
•Contribute to the creation of a compliance culture and compliance awareness in the cluster by becoming a trusted advisor to 1st line (whilst maintaining independence of mind as part of 2nd line),
•Execute on the agreed annual Compliance Coverage Plan for the cluster/business within set timelines,
•Ensure compliance risks are managed by developing/updating the Compliance Risk Management Plans (CRMPs) as required,
•Provide assurance to 1st 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 business unit,
•Perform Compliance Risk Assessments on new products/solutions that will be developed.
 

Essential Qualifications - NQF Level

Preferred Qualification

Bachelor of Commerce Law or Information Systems

LLB

Minimum Experience Level

• 6 - 8 years compliance experience
• Exposure to the following would be beneficial:
  • Payment’s ecosystems and related regulations,
  • Product design/innovation within Financial Services,
  • Understanding of partnerships with Fintech’s

Preferred Certifications

• Compliance Institute of South Africa (CISA)  
• Certificate in Principles of Payments (CertPAY)

Technical / Professional Knowledge

Preferred Technical Experience

• Software/Product Development Lifecycles
• Project Management (AGILE)
• Sound knowledge and understanding of payments related regulations

Behavioural Competencies