Category: Govern Legal Compliance & Sustain - OF5302Posted by: Alexander ForbesPosted on: 04 Dec 2024Location: JohannesburgPurpose of the Job:To drive completion of Group Compliance strategy and provide support in ensuring the achievement of the Governance, Legal, Compliance and Sustainability objectives.Overview:Manage and oversee the Financial Crime Compliance Program for the Group.
Research and understand changes in regulation and best approaches for the Group.Direct and oversee FCC compliance initiatives and activities.Act as a subject matter expert on FCC.Draft and manage policies and standards at a Group level.Document FCC requirements for compliance-related projects.Coordinate monitoring initiatives for the Group.Conduct group-related monitoring activities.Develop group-related general awareness training.Direct activities for first-line-compliance teams to implement and execute.Oversee the FCC risk posture for the Group.Collate management information and reports.Interact with stakeholders, through formal and informal engagements to build and maintain collaborative relationships and to ensure alignment of regulatory requirements as set by the Regulators.Maintain relationships with external stakeholders such as ASISA, PA, FIC & FSCA to provide input in terms of guidance notes/Public Compliance Communications issued.Regulatory Forum:Ensure that updates are made to the Regulatory tracker for all new and amended pieces of legislation relating to the Group.Advise management on the status of Group's compliance with laws and regulations through detailed reports.Prompt first line compliance and business for feedback to ensure that adequate controls are in place prior to legislation going live.Ensure that the Regulatory Forum takes place once a month and that feedback is documented.Ensure the regulatory roundup report is distributed weekly/monthly.Compliance Universe:Ensure that the Group's compliance universe is kept up to date at all times.Compliance Monitoring:Ensure consistency in the approach and execution of compliance monitoring.Provide input into the annual monitoring planning process, ensuring consistency and relevance according to risk.Ensure the completion and delivery of the annual compliance monitoring plan.Review, evaluate and optimise tools, processes, and reporting to drive efficiencies of controls.Implement and monitor changes and new controls introduced, and ensure changes are embedded into operations.Design control self-assessments using risk-based methodology to test processes and assess compliance.Compliance Risk Management Plans:Ensure that progress updates are sent on a consistent basis to first line compliance and the business.Ensure the Completion of Compliance Risk Management Plans as per Compliance Universe and approved plan.Ensure adequate controls are in place within the Group's risk appetite.Compliance Reporting:Ensure that compliance reports are ready timeously for each respective committee and Board meetings.Compile reports for internal risk committees.Continually assess the effectiveness of reports and enhance based on target audience.Assist with ad hoc reports as and when required.Training and Awareness:Provide input into the training and awareness plan.Conduct and develop training for the compliance community and business.General:Implement risk management, governance, and compliance controls to identify and manage governance and risk exposure liability.Manage and update the Group's Non-Compliance Incident Register.Proactively reduce risks and enhance compliance detection concerns by driving alignment across functions in terms of system adaption and implementation.Highlight key governance, control and process deficiencies to business and compliance and agree timelines to close out deviations.Be risk-focused by continually assessing both internal and external factors that influence the entity's risk profile within the Group.Conduct policy reviews as and when required.Work closely with other teams and assurance providers across the Group.Support Manager and the Group Chief Compliance Officer strategies by ensuring understanding and execution.Develop group policies, standards, guidance papers, and templates.Drive, manage and lead the process of the identification, assessment and management of risk through development and maintenance of risk assessments on a Group level.Provide input into strategic principles and processes to ensure sustainable strategic compliance.Monitor the identification of risks identified, feedback and corrective action implemented through oversight of engagements with stakeholders, to ensure these risks are monitored through applicable governance forums and structures.Represent the Chief Compliance Officer at relevant governance forums, structures, meetings, engagements, and regulatory interactions when required.Requirements:Position requires a bachelor's degree qualification; and/or4 - 7 years experience in the Financial Services industry.Good understanding of compliance principles and approaches, strong knowledge of governance, risk management, internal controls, compliance, and financial reporting to allow for identification, assessment, and analysis of issues related to the risk and internal control environment.AML / Financial Crime Compliance / Compliance qualifications.
Example CPrac, ACAMS, AMLC Prac, Postgraduate Diploma in Compliance etc.The company's approved employment equity plans and targets will be considered as part of the recruitment process.
As an equal opportunities employer, we actively encourage and welcome people with disabilities.
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