Senior Consultant : Regulatory Compliance

The role (permanent) 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.

Someone who is passionate about being a trusted partner to the organisation and has a willingness to learn and support the organisation in the delivery of its strategic objectives.

This role reports to the Head of Compliance.

KEY RESULT AREAS

The successful incumbent will:

1. Register as FAIS CO with the FSCA.
2. Develop, implement and oversee the regulatory compliance risk management strategies of the bank.
3. Assist in the establishment of an effective compliance function, framework and core processes for the bank.
4. Pro-actively identify, assess, report and mitigate compliance risks across the bank.
5. Enforce and uphold the bank's compliance standards.
6. Participate in activities that drive a strong culture of compliance and internal control.
7. Manage compliance monitoring which includes personal account dealing, gifts and entertainment, conflicts of interest and political donations.
8. Produce reports for senior management on compliance monitoring findings.
9. Demonstrate excellent report writing and consolidation skills in respect of key internal bank committees and key Board committees, from a regulatory compliance point of view. Initiate the development of key compliance policies and standard operating procedures.
10. Ensure that these policies and procedures are consistent with the approvals of various Boards.
11. Identify and assist with training and educational needs regarding compliance practices and make recommendations and assist with the development of training content with respect to legislative training.
12. Ensure compliance with industry regulatory standards.
13. Implement core compliance principles, frameworks, processes, systems and platforms.
14. Implement the compliance risk management framework, review the regulatory universe to identify key legislation impacting the bank and implement the compliance risk management plans and control gap analysis.
15. 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.
16. Assist with regulator and audit reviews and oversee compliance actions.
17. Assist with regulatory change and commentary processes.
18. Compile compliance reports for management and relevant bank committees, assist with regulator and audit reviews and oversee compliance actions, assist with regulatory change and commentary processes in the bank.
19. Have direct exposure to and a keen interest in competitive compliance practices as a key output for this role.

ROLE REQUIREMENTS

1. 5-10 years in a similar role in the Financial / Regulatory / Banking sector.
2. A relevant Bachelor’s degree that includes Legal, Compliance, Governance, Commerce and/or a senior compliance qualification (BCOM; BCOM LAW).
3. Monitoring experience.
4. CPRAC is recommended but not a pre-requisite.
5. Approved FAIS compliance officer with the FSCA.
6. Understand the core principles of an effective compliance function.

Behavioural Attributes

1. Senior experience in the Legal and/or Compliance environment within banking.
2. Understanding and ability to implement compliance and governance requirements.
3. Understanding of the legislative and regulatory requirements impacting the South African banking sector.
4. Detailed knowledge of the legislative and regulatory environment and reporting requirements imposed by South African regulators (SARB, FSCA, PA and NCR) specifically in relation to the Banks Act, FAIS, NCA.
5. Highly organised and methodical with close attention to detail.
6. Proficient in Word, Excel and PowerPoint with excellent report writing skills.