Designation:
Manager: Regulatory Affairs | Waterfall, Johannesburg, Gauteng
Category:
Legal and Compliance
Job Level:
Professionally qualified and experienced specialists and mid-management
Posted by:
PSG Financial Services
Posted on:
18 Sep 2024
Reference Number:
POS01703
Closing date:
30-Sep-2024
Position Type:
Permanent
Location:
Waterfall Magwa Crescent
Overview:
VACANCY | MANAGER: REGULATORY AFFAIRS | WATERFALL, MIDRAND | PERMANENT
PSG's commitment to transform and embrace diversity is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce. In achieving our employment equity goals, we give preference to applicants from designated groups, and we encourage people with disability to apply.
Job description:
The Manager for Regulatory Affairs reports directly to the Head of Public Policy and Regulatory. The role is responsible for managing all regulatory and compliance developments and affairs for PSG ensuring the group's understanding and adherence to relevant financial regulations, laws, and industry guidelines. The position plays a key role in engaging senior management across PSG to ensure that internal processes are aligned with regulatory requirements and advising on regulatory changes that may impact the group's operations and strategy.
Responsibilities:
Ensuring the Public Policy & Regulatory Affairs team (PPARA) captures and monitors regulatory trends and changes.
Promptly review and summarise (along with guidance on potential impacts) Regulatory developments and distribute them to the affected PSG divisions.
Collect and submit comments on proposed legislation to the Regulators, Government, or industry associations where appropriate.
Ensuring implementation plans are created to comply with new legislation and regulations.
Overseeing that implementation plans are successfully executed by the PSG divisions, including internal controls, processes, and policies, ensuring compliance with legal and regulatory standards.
Collaborate with various functions (i.e. legal, compliance, risk, audit, and operations) to develop internal policies and procedures in line with regulatory requirements.
Work closely with the Risk and Compliance teams to identify and assess regulatory risks.
Provide strategic advice to senior management on regulatory changes, risks, and opportunities.
Write articles on matters pertaining to regulatory affairs on an ad hoc basis.
Perform ad hoc research into specific matters regarding regulatory and policy matters.
Represent PSG on industry bodies, committees, and forums, as required by the Head: PPARA from time to time.
Mentor and develop the regulatory team by providing guidance, coaching, and support to ensure they remain well-informed and equipped to manage regulatory affairs.
Minimum Requirements:
7+ years of financial services experience
B. Com LLB degree
Admitted attorney and Certified Financial Planner (CFP) is advantageous
Excellent Microsoft Office knowledge
Competencies:
Policy, Product, Industry & Systems knowledge (in-depth understanding of South African financial and non-financial regulations impacting FSPs).
Analytical (able to interpret complex regulatory texts and analyse implications for PSG).
Communication/presentation skills (excellent verbal and written ability to present regulatory changes and their impact to senior management and different departments and to write articles).
Interpersonal/negotiating/influencing skills (strong ability to build and maintain relationships with internal stakeholders and external regulatory bodies).
Attention to detail (high attention to detail, particularly in ensuring compliance with all regulatory and reporting requirements).
Solutions/results driven (able to assess risks and regulatory challenges and develop practical, strategic solutions).
Proactive and forward-thinking (anticipate regulatory changes and their impact on the business, preparing the organisation for future challenges).
How to apply:
Candidates interested must apply on the PSG Careers website https://www.psg.co.za OR browse vacancies https://bit.ly/3bD2iAK by no later than 30 September 2024. By submitting your application, you are giving PSG Financial Services implicit consent to the storage and processing of your personal information. If you are not contacted within 2 weeks of your application, please accept that your application was unsuccessful.
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