Compliance Specialist

Job Description

Job PurposeNedbank Group Compliance: Shared Services seeks to employ a Compliance Specialist to support the Head of Compliance in creating a compliance culture and implement Compliance Risk Management Methodology in the Central Shared Services clusters of the Bank.Job ResponsibilitiesPlanningDeveloping an annuel risk-based compliance monitoring programme.ExecutionFacilitating the process of identifying and communicating compliance risks and impact on the business.execute on the compliance risk management programme and application of compliance risk management practices on an ad hoc basis.Performing compliance issues tracking.Tracking of generic compliance risk indicators (e.g. fines, penalties, regulatory relationships, regulatory developments, etc.) and develop bespoke Key Risk Indicators (KRIs) for specific regulatory requirements.Monitor the state of governance and compliance in the business, taking into account the culture, results of the internal audit reviews, Risk and Control Self-Assessments, etc.

Responsibilities + Skills

Advanced Diplomas/National 1st Degrees


Establish and maintain stakeholder relationships with other co-assurance functions (e.g. Risk and Internal Audit), specialised regulatory change initiatives and specialist regulatory officers.Engage with stakeholders formally through determining scope of work, understanding and identifying client needs.


Must have a minimum of 4-5 years compliance experience with exposure to implementing methodology and performing compliance monitoring.

Job Summary

  • Published on: Wednesday, 22nd January 2020
  • Designation: Compliance Specialist
  • industry:
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: on a call
  • Gender:
  • Application Deadline: Wednesday, 22nd January 2020

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website:
  • Company Profile:
  • Staying abreast of the various IFRS 9 modelling methodologies across retail and wholesale productsContributing to development aspects of the loss forecasting and stress testing framework and keeping the framework up to date as the methodology evolvesConducting ad hoc analysis on IFRS 9 PD, EAD, LGD and Survival models, as well as overall impairment calculations, for retail as well wholesale-type portfoliosConducting independent credit risk stress testing related research and using it as input into proposals and strategiesEngaging with various stakeholders across the organisation (including risk and finance) to discuss methodological aspects, business assumptions and results from the loss forecasting work stream

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