Job Classification REQ: 131323 - Refilwe Falatsi Division: WMSA | Client Enablement Closing Date: 2 May 2024 Employment Equity Statement: Preference will be given to Individuals from underrepresented groups. Job Family Risk, Audit and Compliance
Career Stream Regulatory Compliance
Leadership Pipeline Manage Self Professional
FAIS Affected Job Purpose Drive a market conduct culture of fair treament throughout the business ensuring high levels of regulatory compliance and documentation governance
Job Responsibilities Accountable for the Market Conduct and Culture Program within WMSA. Accountable for all regulatory complaints management across WMSA. Maintain strong relationships with MCCP Cluster and Group offices. Analyse MCCP requirements for the various business areas within WMSA. Engagement with the business representative and Executives to ensure all requirements are met. Share knowledge and industry trends with the team and stakeholders during formal and informal interaction. Obtain buy-in for developing new and enhanced processes that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations. Conduct Risk Framework: Development of the conduct risk dashboard for Tier 3 conduct risk metrics and analysis of key trends Market Conduct assurance / oversight to act as SME in developing a conduct risk monitoring plan as well as to assist / act as 1LOD/2LOD assurance for adhoc reviews. Conduct Risk methodology implementation. Guide business in terms of risk and controls actions to mitigate Conduct Risk. Review and act as SME in amending where necessary, the Level 2 Conduct Risk policy. Compliance: Act as an SME in tracking of all conduct related incidents and breaches. Risk: Act as an SME in terms of tracking of all risk issues which have a conduct impact. Management of a Conduct Risk issues log. Regulatory Inspection: Ensure that the business is well prepared for conduct related inspections and to co-ordinate such activities. Product / Client Solutions: Involvement in new products and in changes to products. (Consultant / Conduct SME) Develop metrics for the assessment of possible client detriment as per Tier 3 metrics. Develop KRI for tracking specific conduct trends. Monitoring CBR issues/ KRI. Client Experience: Monitoring functionality as well as user experience of the MC dashboard and KRI's. Overall responsibility to operationalise the MCCP priorities. Market conduct matrix. Oversight of the Market Conduct Matrix submission. Responsible for identification and addressing of all market conduct issues through the adhoc forum. Check and challenge of all marketing material. Effectiveness. Operations: Monitoring of implemented KRI's. Reporting: Market Conduct Committee. Drive recommendations for reports and/or metrics and/or hotspots identified by the MCC. Monthly reporting to Cluster/ Group. Market Conduct MI Metrics Report - Consolidate the stats, Obtain relevant approvals, Engage with functional area SME's to obtain monthly metric stats and report to Cluster. Interpret stats during Cluster and Board Meetings. Monthly INEXCO Conduct report. Quarterly report to ERCO. Cluster Conduct Committee. Cluster ERCO quarterly. Identify efficiencies and potential areas for digitisation of conduct metrics with a view to statistical analysis and reporting on a granular data level. Drives MCCP Projects: legislative requirements and Group / Industry best practices and possible efficiencies. Research and Training: Ensure that the business understands international best practice in its decision. Ensure that one is always up to date with current trends / international best practice. People Specification Strong written and verbal skills Strong interpersonal and relationship management skills; including the ability to identify and resolve conflict and resistance. Achieved transformation and innovation results Working with a cross functional team to deliver projects Managed and developed staff Essential Qualifications - NQF Level Advanced Diplomas/National 1st Degrees Matric / Grade 12 / National Senior Certificate Preferred Qualification Relevant qualification in risk/ compliance/ legal
Minimum Experience Level 5 years' experience in Banking of which 2 - 3 years in Risk Management is preferred.
Behavioural Competencies Adaptability Building Partnerships Decision Making Influencing Monitoring Information Planning and Organizing Stress Tolerance Technical/Professional Knowledge and Skills ---------------------------------------------------------------------------------------
Please contact the Nedbank Recruiting Team at +27 860 555 566
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