Ki Audit Manager

**Job Classification**
- Requisition:
127648
- Closing Date:
28 July 2023
- Division:
Nedbank Insurance - Distribution
- Employment Equity Statement:
Preference with 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**
- To monitor and provide assurance on the adherence to the Key Individual compliance requirements and practices across the Nedbank Insurance advice channels to ensure compliance risks are managed and reported across Nedbank.**Responsibilities**:
- Monitor the Key Individual compliance requirements and risks to determine the state of the Key Individual compliance requirement across Nedbank Insurance advice channels
- Ensure the Key Individual compliance requirements are adhered to, and adequate compliance risk management practices implemented
- Provide input, review and ensure accurate reporting and articulation of Key Individual compliance status across the Nedbank Insurance advice channels
- Provide guidance in the completion of Key Individual risk monitoring programs
- Provide advice and/or input to internal stakeholders on possible contraventions of the Key Individual compliance risks through early detection
- Maintain relationships with internal stakeholders by establishing partnerships in managing the Key Individual compliance risks
- Engage with stakeholders formally through determining scope of work, understanding and identifying Key Individual Compliance requirements
- Provide overview and reporting of the status of the Key Individual Compliance and Advice risk of Nedbank Insurance Distribution to management and Regulators
- Perform function of statutory Key Individual FAIS Compliance Officer for Nedbank Insurance Distribution in accordance with Board Notice 127 of 2010 and act as primary liaison between Nedbank Insurance Distribution and the Nedbank Insurance Governance Team and/or FSCA for FAIS related queries, complaints and prepare statutory compliance reports and maintain the FAIS Conflict of Interest Policy
- Maintain oversight of Key Individual Register across the Nedbank Insurance Broker across the advice channels within Nedbank Insurance
**Job Responsibilities Continue**
- Assist managers within the Business Unit to monitor risks related to compliance and advice requirements by providing guidance or offering expert advice to compliance officers and Group Internal Audit
- Align solutions with the strategic direction and create new ways of solving problems
- Sourcing and consolidating data to develop and enhance tools to measure Key Compliance Indicators and trends relating to potential compliance and advice risk in e.G. the execution of sales, after-sales during the product and client life-cycles
- Management of the Key Individual Risk, Compliance and Advice requirements to provide insights on regulatory, operational, and external developments to ensure proactive awareness and management of compliance risk and advice issues
- Performing a leading role in review of the Key Individual compliance related regulatory changes through internal consultation and provide commentary on the proposed legislation which include offering proposals on alternative wording of requirements
- Provide Subject Matter Expert guidance on Key Individual Compliance and Advice Related regulatory changes and oversee the implementation of action plans to align to the upcoming regulatory requirements.
**People Specification**
- Essential Qualifications - NQF Level- Advanced Diplomas/National 1st Degrees
- Preferred Qualification- Compliance Institute of South Africa (CISA), Post Graduate Diploma:
Risk Management, Advanced Diplomas/National 1st Degrees- Essential Certifications- Preferred Certifications- Compliance Institute of South Africa (CISA) - preferred, not essential- Minimum Experience Level- 7 - 10 years’ experience in a Short -Term Insurance Risk, Advice, Audit and Compliance role with a Short-Term Insurance intermediary and/ or Short-Term insurance provider of which 5 years should be at a management level**Technical / Professional Knowledge**
- Change management
- Client service management
- Diversity management
- Employee training/development
- Financial Accounting Principles
- Governance, Risk and Controls
- Operations planning
- Principles of project management
- Relevant regulatory knowledge
- Strategic planning
- Behavioural Competencies- Decision Making
- Work Standards
- Applied Learning
- Communication
- Adaptability
- Driving for results
- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_