Compliance Head

Time left to apply: End Date: November 21, 2024 (5 days left to apply)
Job requisition id: R25117
Job DescriptionHello Future Compliance Head,
Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of the people that make it happen.
As part of our team in FNB Retail Legal Risk and Compliance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now's the time to imagine your potential in a team where experts come together and ignite effective change.
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.
Are you someone who can: Contribute to the development of larger overall area budgetDevelop the budget for the next financial year for area of responsibility taking all operational plans into considerationResearch and design a longer term financial resource requirement plan for the area of responsibilityPresent the business case to motivate for financial resourcesAnalyse and develop implementation plans against the forecasted financial budgetDevelop tactical budget for area of responsibility that minimises expenditure and manages costsControl the budget for area including the authorisation of expenditures and implementation of financial regulationsApply a customer-centric approach that focuses on creating a positive experience for the customerBuild relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-inEngage in cross-functional relationships to obtain and to provide work supportContribute to sustaining a competitive edge through external networking, benchmarking and representation on related forumsEnsure integrated view and reporting of relevant business informationAnalyse information to identify trends, discrepancies and inconsistencies for decision making purposesEnsure reporting of identified inconsistencies or opportunitiesUse the insights gained through integrated business reports to measure success and realign tactical strategy implementation objectives appropriatelyParticipate with senior management to establish strategic goals, plans and objectives for the organisationDevelop compliance guidelines, processes, and procedures for various business units through collaboration with business unit leadershipNegotiate and influence matters affecting the compliance team within the Africa operationsAnalyse, address and resolve compliance issuesProvide oversight and support on compliance related mattersEnsure processes and other controls exist within the business to enforce compliance with laws, regulations, policies, and proceduresOversee and manage internal data privacy compliance reviews, where required under local laws and regulationsEnsure the implementation of compliance awareness and training programs across the organisationBrainstorm, identify, implement and drive innovative best practice ideas within the organisation to ensure increased efficienciesCreate and participate in specialist communities of practice and represent the organisation at Group and industry levelDrive strategic projects, change management and platform integration across operationsLeverage Group capability to exploit opportunitiesEnsure and encourage adherence to an operational framework of policies and proceduresImplement compliance programmes, processes, and procedures in support of laws and regulationsEnsure that operations are monitored and audited, including systems in place to detect compliance violationsEvaluate the effectiveness of business unit processes and other controls that exist to ensure compliance with laws, regulations, policies, and proceduresOversee and manage the monitoring of business unit conductManage critical projects including incident and crisis managementEnsure compliance with the requirements of Business Continuity and Issues Management programmesCollaborate with business units to perform periodic reviews of compliance effectivenessCompile and submit compliance-related reports to various regulators, as and when requiredReport to regional and international executives on all compliance related mattersWork closely with internal audit team and Head of stakeholder Engagement on the audit findings and regulatory issuesLead and participate in compliance related system and operations development projectsCollaborate with the Legal and Corporate Investigations departments on all joint ventures and/or related mattersRespond to compliance and due diligence questionnaires from clients and prospectsParticipate with the business unit in self-assessments/audits, including data privacy and compliance-related assessmentsMaintain expert knowledge on relevant legislative amendments and industry best practicesProvide thought leadership and expertiseEstablish an enabling climate and culture to energise employeesInfluence the development and enablement of a culture and climate where the organisational values are demonstratedLead a development culture where information regarding successes, issues, trends and ideas are actively sharedBuild and sustain collaborative working relationships with relevant peers and stakeholdersLead specialist communities of practice and contribute positively to own and organisational knowledge improvementIdentify development needs and select effective solutions to address own and employee development needsEnsure that each employee prepares a personal development planCreate an environment conducive to cross-functional skills transferProvide guidance, share knowledge and expertise and guide employees to find their own solutionsManage performance of team or teams in areas of responsibility against expected individual and team delivery targetsImplement talent management practices in line with HR policies and proceduresProvide direction, coaching, and regular feedback to employeesEnsure relevant resolution of conflict and respond to any complaints or concerns.You will be an ideal candidate if you: Minimum bachelor's degree in compliance, risk management, legal or similar5+ years experience in Compliance, particularly in Payments, Cryptocurrency & Exchange ControlExpert knowledge and understanding of the regulatory landscapeAbility to create a compliance programme specifically for General ComplianceExperience dealing with multi-level stakeholders across a large groupAbility to lead and manage a diverse teamYou will have access to: Opportunities to network and collaborateA challenging working environmentOpportunities to innovateWe can be a match if you are: Adaptable and curiousHave a proven successful track record.Thrive in a collaborative environmentAre you interested to take the step? We look forward to engaging with you.
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. Candidates can disclose their disability information on a voluntary basis.
Job DetailsTake note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below: 21/11/24

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