Senior Compliance Manager - Johannesburg - Alexforbes

Description

Job Title: Financial Crime Compliance Manager

Location: Johannesburg

Purpose 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:

The successful candidate will be responsible for managing and overseeing the Financial Crime Compliance Program for the Group. This includes researching and understanding changes in regulation and best approaches for the Group.

• FCC Compliance Initiatives: Direct and oversee FCC compliance initiatives and activities.
• Subject Matter Expert: Act as a subject matter expert on FCC.
• Policies and Standards: Draft and manage policies and standards at a Group level.
• FCC Requirements: Document FCC requirements for compliance-related projects.
• Monitoring Initiatives: Coordinate monitoring initiatives for the Group.
• Group-Related Monitoring Activities: Conduct group-related monitoring activities.
• General Awareness Training: Develop group-related general awareness training.
• First-Line Compliance Teams: Direct activities for first-line-compliance teams to implement and execute.
• FCC Risk Posture: Oversee the FCC risk posture for the Group.
• Management Information: Collate management information and reports.
• Stakeholder Engagement: 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.
• External Stakeholders: 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:

• Regulatory Tracker: Ensure that updates are made to the Regulatory tracker for all new and amended pieces of legislation relating to the Group.
• Status Reports: Advise management on the status of Group's compliance with laws and regulations through detailed reports.
• Legislation Feedback: Prompt first line compliance and business for feedback to ensure that adequate controls are in place prior to legislation going live.
• Regulatory Forum Meetings: Ensure that the Regulatory Forum takes place once a month and that feedback is documented.
• Regulatory Roundup Report: Ensure the regulatory roundup report is distributed weekly/monthly.

Compliance Universe:

• Compliance Universe Update: Ensure that the Group's compliance universe is kept up to date at all times.

Compliance Monitoring:

• Consistency in Approach: Ensure consistency in the approach and execution of compliance monitoring.
• Annual Monitoring Planning: Provide input into the annual monitoring planning process, ensuring consistency and relevance according to risk.
• Annual Compliance Monitoring Plan: Ensure the completion and delivery of the annual compliance monitoring plan.
• Process Review: Review, evaluate and optimise tools, processes, and reporting to drive efficiencies of controls.
• Control Implementation: Implement and monitor changes and new controls introduced, and ensure changes are embedded into operations.
• Control Self-Assessments: Design control self-assessments using risk-based methodology to test processes and assess compliance.

Compliance Risk Management Plans:

• Progress Updates: Ensure that progress updates are sent on a consistent basis to first line compliance and the business.
• Compliance Risk Management Plans Completion: Ensure the Completion of Compliance Risk Management Plans as per Compliance Universe and approved plan.
• Adequate Controls: Ensure adequate controls are in place within the Group's risk appetite.

Compliance Reporting:

• Timely Reports: Ensure that compliance reports are ready timeously for each respective committee and Board meetings.
• Internal Risk Committees: Compile reports for internal risk committees.
• Report Effectiveness: Continually assess the effectiveness of reports and enhance based on target audience.
• Ad Hoc Reports: Assist with ad hoc reports as and when required.

Training and Awareness:

• Training Plan: Provide input into the training and awareness plan.
• Compliance Training: Conduct and develop training for the compliance community and business.

General:

• Risk Management: Implement risk management, governance, and compliance controls to identify and manage governance and risk exposure liability.
• Non-Compliance Incident Register: Manage and update the Group's Non-Compliance Incident Register.
• Risk Reduction: Proactively reduce risks and enhance compliance detection concerns by driving alignment across functions in terms of system adaption and implementation.
• Governance Deficiencies: Highlight key governance, control and process deficiencies to business and compliance and agree timelines to close out deviations.
• Risk Focus: Be risk-focused by continually assessing both internal and external factors that influence the entity's risk profile within the Group.
• Policy Reviews: Conduct policy reviews as and when required.
• Cross-Functional Collaboration: Work closely with other teams and assurance providers across the Group.
• Strategic Support: Support Manager and the Group Chief Compliance Officer strategies by ensuring understanding and execution.
• Policies and Templates: Develop group policies, standards, guidance papers, and templates.
• Risk Assessment: 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.
• Sustainable Strategic Compliance: Provide input into strategic principles and processes to ensure sustainable strategic compliance.
• Risk Monitoring: 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.
• Representation: Represent the Chief Compliance Officer at relevant governance forums, structures, meetings, engagements, and regulatory interactions when required.

Requirements:

• Bachelor's Degree: Position requires a bachelor's degree qualification;
• Experience: 4 - 7 years experience in the Financial Services industry.
• Compliance Knowledge: 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 Qualifications: 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.