Compliance Specialist, Finance & Banking

To drive completion of Group Compliance strategy and provide support in ensuring the achievement of the Group Governance mission and objectives.

Responsibilities:

Regulatory Forum:

• Ensure that updates are made to the Regulatory tracker for all new and amended pieces of legislation relating to the Group.
• Advise management on the status of Group’s compliance with laws and regulations through detailed reports.
• Prompt first line compliance and business for feedback to ensure that adequate controls are in place prior to legislation going live.

Compliance Universe:

• Ensure that the Group’s compliance universe is always kept up to date..

Compliance Monitoring:

• Ensure consistency in the approach and execution of compliance monitoring.
• Providing input into the annual monitoring planning process, ensuring consistency and relevance according to risk.
• Ensure the completion and delivery of the annual compliance monitoring plan.
• Review, evaluate and optimise tools, processes, and reporting to drive efficiencies of controls.
• Implement and monitor changes and new controls introduced, and ensure changes are embedded into operations.
• Design control self-assessments using risk-based methodology to test processes and assess compliance.

Compliance Risk Management Plans:

• Ensure that progress updates are sent on a consistent basis to first line compliance and the business and the business.
• Ensure the Completion of Compliance Risk Management Plans.
• Ensure adequate controls are in place within the Groups risk appetite.

Compliance Reporting:

• Ensure that compliance reports are ready timeously for each respective committee and Board meetings.
• Continually assess the effectiveness of reports and enhance based on target audience.
• Assist with ad hoc reports as and when required.

Training and awareness:

• Provide input into the training and awareness plan.
• Conduct and develop training to compliance community and business.

General:

• Implement risk management, governance, and compliance controls, to identify and manage governance and risk exposure liability.
• Monitor and manage the compliance calendar and meeting roster.
• Manage and update the Group’s Non-Compliance Incident Register.
• Proactively reduce risks and enhance compliance detection concerns by driving alignment across functions in terms of system adaption and implementation.
• Highlight key governance, control and process deficiencies to business and compliance and agree timelines to close out deviations.
• Be risk focussed by continually assessing both internal and external factors that influence the entities risk profile within the Group.
• Conduct policy reviews as and when required.
• Work closely with other teams and other assurance providers across the Group.
• Support Manager and the Group Chief Compliance Officer strategies by ensuring understanding and execution

Required:

• Matric
• Position requires a bachelor’s degree qualification; and or
• 3 - 5 years’ experience in the Financial Services industry.
• Good understanding of compliance principles and approaches,
• Strong understanding of governance, risk management, internal controls, compliance, and financial reporting to allow for identification, assessment,
• Analysis of issues related to the risk and internal control environment.
• RE1 or RE5, ACAMS and or CPrac advantageous

Business Skills :

• Continuously enhancing and keeping abreast of industry and trends and regulations.
• Ability to identify inefficiencies and remediate.
• Lead, guide, and support the people within division.
• Develop and maintain desired organisational culture.

Functional

Skills:

• Excellent verbal and written communication skills.
• Problem solving.
• Ability to work under pressure.
• Holistic/big picture thinking
• Resilient.
• Display drive and purpose.
• Managing effective teams.
• Developing others.
• Relationship building.
• Del…