Deputy Chief Compliance Officer

JOB PURPOSE

The Deputy Chief Compliance Officer (Deputy CCO) will support the CCO/MLRO to ensure effective and proactive compliance oversight for the processes and controls relating to the business activity carried out, both within the United Kingdom and South Africa (e.g. activity executed on behalf of Nedbank London Branch).

Responsibilities also include supporting the CCO/MLRO strategically and operationally on financial crime matters including deputising in the absences of the MLRO/SMF17. The role requires also to take the lead in overseeing CASS operationalisation (CASS 1A.3R, CASS small firm) and privacy implementation.

Compliance oversight territorial scope extends to centralised services (in-house outsourced) provided to the Branch by Group under service level agreement(s) to ensure these remain effective and align with PRA and FCA statutory and operational objectives.

This role is also central to advising and facilitating management in promoting and monitoring a good culture which mirrors Nedbank Group’s Purpose, Vision and Values while achieving its long-term strategy.

The Compliance and Financial Crime London function sits within the Corporate & Investment Bank (CIB) cluster of Nedbank Limited and acts as a second line of defence for compliance, conduct and financial crime risks within the Group Risk control function.

KEY OBJECTIVES

Establishing a proactive risk-based approach for the identification and prevention of compliance and conduct risks that Nedbank London Branch may encounter so that Nedbank’s long-term strategy contributes towards protecting market integrity which in turn protects the economy, consumers and Nedbank reputation, shareholders.

The incumbent will be required to collaborate with Financial Crime and/or Operational Risk (as relevant) and has responsibility to consider non-financial risks, including financial crime risks that may arise internally from the conduct within the operations or support functions for Internal bribery, corruption, fraud and external by its suppliers or vendors.