Compliance Manager: Africa (strategy, policies, training, AML, cost management) – Johannesburg, South Africa

Compliance Manager: Africa (strategy, policies, training, AML, cost management) – Johannesburg, South Africa

Introduction

To co-ordinate, facilitate and manage the compliance function for the Cluster through monitoring, reporting and developing networks, providing advice to minimise regulatory, reputational and compliance risk, and endeavour to avert potential litigations/penalties and ultimately increase shareholder value for the Bank.

Responsibilities

Process Development and Maintenance
• Create and maintain a compliance culture within Africa
• Ensure that the compliance framework is effectively implemented in Africa
• Formulate and implement a Compliance Plan which addresses the compliance risks faced by Africa and is in line with the strategy and business objectives of the Division
• Implement internal Group Risk Deliverables
• Acquire a sound working knowledge of the Africa business and all regulatory requirements, policies and procedures affecting Africa
• Develop and document governance and compliance procedures and processes
• Obtain commitment from management to resolve issues of non-compliance
• Assist subsidiaries with the implementation of Corporate Governance and Business Governance principles.
• Advise, consult and provide effective recommendations to line management on compliance breaches
• Set standard for policies and procedures, review and implementation and adherence
• Report non-compliance to Management and facilitate resolution thereof
• Update and keep of register of non-compliance issues
• Establish effective and efficient ERCOs and Compliance Forums as part of the compliance framework
• Compile and maintain a Compliance Manual and Intranet site
• Set-up and manage ad hoc compliance projects
Customer / Satisfaction
• Provide advisory and training service to the business and subsidiaries with respect to regulatory requirements and internal processes and procedures
• Assist subsidiaries with the implementation of AML requirements and identification of Compliance Risks faced by subsidiaries.
• Management of risk escalation process between subsidiaries.
• Monitor and manage regulatory and reputational exposures within the subsidiaries
• Ensure that the Group Compliance policies are rolled out to the Africa arm and the subsidiaries customise and implement Group Compliance policies within their business
• Obtain relevant feedback via Compliance reports from subsidiaries i.e.o Monthly reports/senior management reports, risk event reports ,Add hoc reports
• Provide independent Compliance reports
• All reporting be of high quality and timeous
• Instil the Compliance culture and quality philosophy

• Formulate and implement a Governance and Compliance Monitoring Plan
• Conduct independent compliance monitoring
• Monitor changes in the regulatory environment
• Develop networks and relationships with all key stakeholders i.e. Senior and Regional Managers / Enterprise Governance and Compliance and Internal Audit
• Participate in Group and Cluster compliance initiatives
• Monitor the effectiveness and adherence to Code of conduct / value journey / quality philosophy / Ethics / complaints process
Cost management and Minimise Regulatory Fines
• Manage and monitor all Compliance related expenditure
• Control Project expenses
• Build and maintain healthy relationships with all stakeholders i.e. Group Compliance, Group Internal Audit, SARB,CISA, FIC, Ombudsman and other banks. (in country regulators)
• Establish mechanisms to avert and/or minimize impact of penalties.
• Effective identification of Governance and Compliance risks areas to enable reduction of risks or potential risks
• Assist in the customisation, implementation and maintenance of the ERMF.
• Ensure accurate, timeous and complete Risk Event or loss reporting and resolution
• Ensure management takes prompt action to rectify or ensure rectification of risk incidents/losses
Operational Leadership / Development
• Assist subsidiaries with Compliance Risk Management
• Create awareness and knowledge on Compliance
• Formulate a Training Plan and implement effective compliance training
• Build a strong compliance team
• Implement Staff Development and Training Plans for Compliance staff members
• Identify and discuss development gaps with individuals
• Conduct performance management meetings with appropriate action implemented and reward/reinforce accordingly.
• Continuous research and self-development to support common goal plus team concept and knowledge sharing at Cluster level.
• Act as custodian of Compliance (knowledge and expertise) for the Division to advise management.
• Identify and address all compliance related HR issues.
• Live and support company values and deep green aspirations
• Lead and manage all people issues promptly and in a professional manner in line with company values.
• Manager all HR issues, promptly and professionally
• Conduct career discussions bi-annually

Requirements
• B-Degree or related Diploma in a Legal or Accounting discipline
• Minimum 3 - 5 years General Banking experience with an additional 2 years Compliance
• CISA Membership and Professional Standard Level 2
• Advanced Diploma in Banking Law
• Post Graduate Diploma in Compliance Management (UJ)

Send your CV to Danelle at CA Global (danelle@caglobalint.com), or visit our website (www.banking-recruitment-jobs.com) for further information.
Note: Only shortlisted candidates will be contacted