Compliance Manager

Time left to apply: End Date: November 24, 2024 (7 days left to apply)
Job Requisition ID: R25059
Job DescriptionTo ensure there is implementation of the Group's compliance frameworks and programmes in consultation with business, ensure conformance and adherence with regulations and deliver through a team of Compliance resources/specialists.
Ensure adherence to organisational policies and procedures, especially regulatory and ethical standards.
Perform regular audits, design control systems, and help to design and implement company policies.
Control expenditure and identify process improvements to contain and reduce costs.Provide input into the budget and manage and report on budget usage that reflects delivery of planned work within agreed parameters.Build working relationships across teams and functional lines to enhance work delivery, collaboration, and innovation.Deliver customer experience excellence in own service delivery aligned to organisational values and service standards.Improve business decisions by providing accurate and reliable business intelligence (information) together with analysing trends and data.Provide regular reports on delivery of services against agreed service level agreements and in terms of overall customer targets.Accumulate information to review work progress that provides input to reporting, decision making, and the identification of improvement opportunities.Implement, monitor, and control business processes according to quality standards; policy; and compliance and governance requirements in the area of accountability.Ensure the development, alignment, mapping, and implementation of end-to-end processes aligned to the customer journey map.Research, enable, and consult on improvements and opportunities to harness technology and platform enablement.Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancy.Monitor customer feedback reports and align processes to maximise efficiencies.Analyse and interpret regulation and legislation using a risk-based approach. Identification and risk rating of applicable laws and regulations for responsible business units.Development and implementation of compliance/legislative universe for responsible business units.Development and implementation of Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions.Compiling monitoring plans indicating the compliance monitoring methodology used and the frequency thereof.Compiling monitoring reports on the results of monitoring.Incident reporting, to ensure timeous escalation of compliance risks and incidents. Interpret regulation and legislation and assist business units with practical implementation thereof.Advise and provide guidance to management on systems, policies, processes, and controls implemented to enable compliance.Research and communicate applicable legislative developments to all stakeholders.Assist with the promotion of a culture of compliance and awareness and actively participate in compliance projects and training initiatives.Provide training on regulatory requirements to channels.Ensure compliance with relevant statutory, legislative, policy, and governance requirements in the area of accountability.Ensure implementation of relevant policies, governance, and practice standards across the business.Maintain knowledge on relevant legislative amendments, industry best practices, and internal compliance procedures and requirements.Ensure compliance is adopted in terms of systems and procedures as laid out by the organisation and review in response to audit findings and changes.Develop an understanding of risks and risk management approaches.Implement and provide input into the development of governance and compliance procedures and processes within the area of specialisation and identify risks.Educate others and make suggestions for improvements.Network and participate in specialist risk forums where required.Provide input into the development of the business area tactical strategy in achievement of the overall business strategy.Develop and implement an area operational plan in achievement of business objectives.Responsible for implementing and enforcing the organisation's or business units' compliance programme.Maintain awareness of the regulatory framework and specific obligations within Financial Advisory and Intermediary Services (FAIS) Act, code of conduct, and requirements.Consult on an ongoing basis with operational managers to ensure conformance with applicable laws and regulations covering diverse fields.Manage, oversee, and monitor Financial Advisory and Intermediary Services (FAIS) compliance to ensure that representatives comply with all financial soundness requirements, licence conditions, and annual levies.Perform statistical sampling and monitoring.Maintain a register of representatives and inform the Registrar of any changes. May have supervisory responsibilities. May be responsible for the control of the Know Your Customer (KYC)/Anti-Money Laundering and Anti-Money Laundering Foreign Account Tax Compliance Act (FATCA)/Automatic Exchange of Information (AEOI) regulations. Analyse the received documents and interact with the investor, client, intermediary to advise if received KYC documents are acceptable.Ensure compliance with and oversight of ongoing statutory regulatory requirements. This responsibility includes monitoring and validation of investor files, technical and documentary support to investor teams, updating of operational procedures, and participation in compliance committees.Lead the AML/KYC team and organise its operations in terms of resources and development.Develop, encourage, and nurture collaborative relationships across the area of specialisation.Display and encourage an appreciation of teamwork and inclusivity.Manage team performance in achievement of business objectives.Participate in planned activities that are appropriate for own and employee development.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. 24/11/24
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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