Senior Manager: Regulatory ComplianceJob Description The role is best suited to a candidate that has extensive skill and experience in compliance risk management practices and processes. The role requires an individual who has a keen interest in adopting an Innovative approach to compliance risk management.
KEY RESULT AREAS Register as FAIS CO with the FSCA.Develops, implements and oversees the regulatory compliance risk management strategies of the bank.Assists in the establishment of an effective compliance function, framework and core processes for the bank.Pro-actively identifies, assesses, reports and mitigates compliance risks across the bank.Enforces and upholds the bank's compliance standards.Participates in activities that drive a strong culture of compliance and internal control.Excellent report writing and consolidation skills in respect of key internal to Bank committees and key Board committees, from a Regulatory compliance point of view. Initiates the development of key compliance policies and standard operating procedures.Ensures that these policies and procedures are consistent with the approvals of various Boards.Identifies and assists with training and educational needs regarding compliance practices and make recommendations and assists with the development of training content with respect to legislative training.Ensures compliance with industry regulatory standards.Implements core Compliance principles, frameworks, processes, systems and platforms.Implements the Compliance risk management framework, reviews the Regulatory Universe to identify key legislation impacting the bank and implementation of the compliance risk management plans and control gap analysis.Has an ability to advise on the establishment of effective compliance frameworks, structures and core processes and the establishment and embedment of the same in relation to the core systems and platforms of the proposed banking business.Assists with regulator and audit reviews and oversees compliance actions.Assists with regulatory change and commentary processes.Assists with the compilation of compliance reports for management and relevant bank committees, and oversees compliance actions, assists with regulatory change and commentary processes in the bank.Direct exposure to and a keen interest in competitive compliance practices is strongly recommended as a key output for this role.ROLE REQUIREMENTS 8-10 years in a similar role in the Financial/Regulatory/Banking sectorA relevant Bachelors degree that includes legal, compliance, governance, commerce and/or a senior compliance qualification. (BCOM; BCOM(LAW);LLB)CPRAC is recommended but not a pre-requisite;RE5 and RE1 to enable approval as a FAIS compliance officer with the FSCA.Understands the core principles of an effective compliance function.Behavioural Attributes Senior experience in the Legal and/or Compliance environment within banking.Have an understanding of and an ability to implement compliance and governance requirements.Has an understanding of the legislative and regulatory requirements impacting the South African banking sector.Has detailed knowledge of the legislative and regulatory environment and reporting requirements imposed by South African regulators (SARB, FSCA, PA, NCR and Information Regulator) specifically in relation to the Banks Act, FAIS, NCA, Financial Sector Regulation Act, Conduct Standards for Banks and so forth.Highly organised and methodical with close attention to detail.Word, Excel and Powerpoint skills. Excellent report writing skills.Monitoring experience.Attention to Detail.
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