Head of Regulatory Compliance - Sandton, South Africa - Discovery Ltd.

Discovery Ltd.

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Business Unit:
Discovery Bank
Function:Banking
Date:3 Aug 2023- Head of Legal and Compliance
About Discovery

Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fastpaced and dynamic environment enables smart, selfdriven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
About Discovery Bank
Discovery Bank is a bank like no other a sharedvalue bank, designed with our clients in mind. We're all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If you're adaptable, a problemsolver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment that's safe and nurturing.
Job Purpose
The key purpose of the

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Head of Legal and Compliance role is to provide legal advice, and to design, implement, manage and monitor compliance frameworks and processes covering all aspects of compliance in line with regulatory, legislative and risk management requirements.
Areas of responsibility may include but are not limited to

The Head of Legal and Compliance must:
Provide accurate and effective legal counsel as and when required.
Set up and manage the Legal and Compliance function of the Bank in line with regulatory, financial and legislative requirements.
Minimise the risk of fraud through effective financial crime compliance.
Ensure Compliance operates as an enabling function to all areas of the Bank and that compliance processes are integrated into the daily workings of the Bank.
Develop measurement and tracking dashboards to monitor compliance and identify exceptions
Develop comprehensive contract documents and contract management processes that mitigate risk and penalties.
Deal with government and/or commercial contracting, particularly contract negotiation, preparation and administration
Establish a Compliance culture within the bank.

Profile of the Head of Legal and Compliance

Lateral thinker with good business acumen
Results driven with high attention to detail
Innovative with an entrepreneurial approach
Decisive and resilient
Able to work under pressure
Persuasive and influential with excellent negotiation skills
Good commercial awareness
Able to communicate effectively with internal and external stake holders at all levels, both verbally and in writing
Good problem solving and analytical skills
Good people management skills

Education and Experience

Relevant LLB / Law Degree
6 to 8 years' experience as a practicing lawyer
6 to 8 years' experience in Compliance in a retail bank
Thorough understanding of and experience in Government Acts (e.g. Banks Act, FAIS Act and FICA Act, etc.)
Proven track record of strong Regulatory and Industry body engagement
EMPLOYMENT EQUITY

The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.