Compliance Head

Time left to apply: End Date: November 10, 2024 (6 days left to apply)
Job requisition id: R24222
Job Description
To manage the Compliance function in the business unit and to assist the Segment Compliance Head and Group Chief Compliance Officer in terms of compliance holistically as per the Banks Act Regulations through the implementation of the FirstRand compliance risk framework enabling management to adhere to regulatory requirements and prevent exposure risks in this regard, in line with the FirstRand and related segment business strategy and FirstRand Group wide compliance strategy as well as ensure that the Segment and Business Unit specific Compliance deliverables are implemented and completed.

Contribute to the development of larger overall area budget
Develop the budget for the next financial year for area of responsibility taking all operational plans into consideration
Research and design a longer term financial resource requirement plan for the area of responsibility
Present the business case to motivate for financial resources
Analyse and develop implementation plans against the forecasted financial budget
Develop tactical budget for area of responsibility that minimises expenditure and manages costs
Control the budget for area including the authorisation of expenditures and implementation of financial regulations
Apply a customer-centric approach that focuses on creating a positive experience for the customer by maximizing service and/or product offerings and building relationships to ensure that the customer is at the centre of the business philosophy, operations and ideas
Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in
Engage in cross-functional relationships to obtain and provide work support
Contribute to sustaining a competitive edge through external networking, benchmarking and representation on related forums
Ensure integrated view and reporting of relevant business information
Analyse information to identify trends, discrepancies and inconsistencies for decision making purposes
Ensure reporting of identified inconsistencies or opportunities
Use the insights gained through integrated business reports to measure success and realign tactical strategy implementation objectives appropriately
Participate with senior management to establish strategic goals, plans and objectives for the organisation and make strategic decisions based on company goals and objectives
Develop compliance guidelines, processes, and procedures for various business units through collaboration with business unit leadership
Negotiate and influence matters affecting the compliance team within the Africa operations
Analyse, address and resolve compliance issues
Provide oversight and support on compliance related matters
Ensure processes and other controls exist within the business to enforce compliance with laws, regulations, policies, and procedures
Oversee and manage internal data privacy compliance reviews, where required under local laws and regulations
Ensure the implementation of compliance awareness and training programs across the organisation
Brainstorm, identify, implement and drive innovative best practice ideas within the organisation to ensure increased efficiencies
Create and participate in specialist communities of practice and represent the organisation at Group and industry level to share best practice insights and solutions
Drive strategic projects, change management and platform integration across operations
Leverage Group capability to exploit opportunities
Ensure and encourage adherence to an operational framework of policies and procedures
Implement compliance programmes, processes, and procedures in support of laws and regulations
Ensure that operations are monitored and audited, including, systems in place to detect compliance violations in high-risk, transactional activities, red flag indicators and metrics for compliance risks
Evaluate the effectiveness of business unit processes and other controls that exist to ensure compliance with laws, regulations, policies, and procedures
Oversee and manage the monitoring of business unit conduct (e.g., for violations of applicable laws, regulations, policies, and procedures)
Manage critical projects including incident and crisis management to ensure that the incident management plan is executed in a timely manner
Ensure compliance with the requirements of Business Continuity and Issues Management programmes
Collaborate with business units to perform periodic reviews of compliance effectiveness
Compile and submit compliance-related reports to various regulators, as and when required
Report to regional and international executives on all compliance related matters
Work closely with internal audit team and Head of Stakeholder Engagement on the audit findings and regulatory issues and updates
Lead and participate in compliance related system and operations development projects
Collaborate with the Legal and Corporate Investigations departments on all joint ventures and/or related matters
Respond to compliance and due diligence questionnaires from clients and prospects
Participate with the business unit in self-assessments/audits, incl. data privacy and compliance-related assessments and other reviews
Maintain expert knowledge on relevant legislative amendments, industry best practices and provide advice to relevant stakeholders
Maintain up to date knowledge of local and global trends
Provide thought leadership and expertise
Establish an enabling climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity
Influence the development and enablement of a culture and climate where the organisational values are demonstrated and lived
Influence the understanding and adoption of the organisational strategic direction
Lead a development culture where information regarding successes, issues, trends and ideas are actively shared
Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies
Lead specialist communities of practice and contribute positively to own and organisational knowledge improvement
Understand the competency and skills sets to be mastered to ensure personal and employee development and performance
Identify development needs and select effective solutions to address own and employee development needs to facilitate improvement of self and team
Ensure that each employee prepares a personal development plan that is implemented and reviewed as required
Create an environment conducive to cross-functional skills transfer
Keep abreast of learning opportunities, changing products and trends
Provide guidance, share knowledge and expertise and guide employees to find their own solutions
Share constructive feedback that motivates others to grow
Manage performance of team or teams in areas of responsibility against expected individual and team delivery targets
Manage performance moderation, disciplinary action, recognition and retention processes in line with HR policies and procedures
Build team succession plans for roles in own area and influence resource planning
Ensure clear contracting and assessment of performance expectations in line with identified objectives and enable a learning and growth culture
Implement people resource planning in line with delivery and performance objectives within budget and in partnership with specialised areas
Implement talent management practices in line with HR policies and procedures
Provide direction, coaching, and regular feedback to employees to improve performance and implement performance improvement initiatives
Ensure that skills are transferred in specific function
Ensure implementation of employment equity plan target achievement in all recruitment and employee movement activities
Identify current and future human capital needs and skills requirements
Ensure relevant resolution of conflict and respond to any complaints or concerns

Job Details
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
10/11/24
All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
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About Us
Serving retail and commercial customers, FNB is so much more than a bank, offering life and short-term insurance, innovative savings and investment products, and a digital universe of solutions that help customers navigate challenges and opportunities of everyday life. It has a market-leading app and a globally recognised rewards system in eBucks. FNB has won multiple awards, including the Strongest Banking Brand in the World in the Brand Finance Banking 500 2023 report. FNB represents multiple opportunities for you to build an exciting and rewarding career. Especially if you want to change people's lives, in an authentic, profound and sustainable way.
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