Compliance Officer Vacancy At Capitec Bank

Compliance Officer vacancy at Capitec Bank. Capitec Bank is recruiting and accepting applications for a Compliance Officer vacancy.

Deadline: Ongoing / Not specified

Purpose: To provide independent and objective assurance that the Bank adheres to relevant laws, regulations, and internal policies by executing monitoring assignments in accordance with the Compliance Monitoring Standard.

To identify and assess compliance risks within the organisation by conducting regular testing and reviews to identify potential compliance risks and recommending controls to mitigate the identified risks.

What you will do:

1. Compliance Support, Risk Management, and Oversight for Business Departments.
2. Escalate all matters of non-compliance to the relevant stakeholders and committee.
3. Check that all compliance risks are rated in accordance with the bank's risk rating matrix and assist business with the rating of risks and/or risk acceptance where necessary.
4. Ensure that any risk acceptance proposed by management is executed in terms of the relevant Risk Acceptance Policy.
5. Alignment of Internal Compliance Policies, Processes, and Systems with Legal and Regulatory Requirements.
6. Assess all existing products, policies, and processes to determine whether the bank is fulfilling its legislative obligations and ensure that products, processes, and policies meet regulatory expectations from a legislative, efficiency, and fair policy perspective.
7. Compliance Assurance Reviews Planning: Efficiently and effectively conduct planned compliance reviews in accordance with the approved monitoring coverage plan, within allotted time frames and in line with the Monitoring Standard.
8. Identify the scope and testing approach for allocated regulatory engagements.
9. Independently assess and create a monitoring programme/plan.
10. Testing of controls: Conduct fieldwork including performing walkthroughs, sample testing, and validation of potential issues.
11. Use of data analytics and scripts during testing to create efficiencies and create continuous monitoring opportunities.
12. Reporting: Draft reports which include rationale for findings, detailed root cause analysis, risks posed, and action required to address the identified risks.
13. Collaborate with risk owners and management to agree on appropriate action plans that address identified root causes.
14. Produce consistently high-quality outputs within agreed deadlines.
15. Provide timely feedback to the Manager: Monitoring & Reporting with progress on identified issues and observations raised.
16. Engage with various business stakeholders to collect and understand the required inputs/data in order to perform internal and external reporting.
17. Compile and deliver accurate, comprehensive reports that will be used in several governance structures, including Capitec Board, as well as external reporting requirements to the Capitec Regulators.
18. Engage with Management on reporting requirements and ensure continuous improvements are implemented.
19. Play an active role in report automation through translating statutory reporting requirements into business requirements.
20. Advise on the requirements and how they can effectively be delivered on from an automation perspective.
21. Engage with Regulators on external (e.g., annual) reporting, as well as any ad hoc reporting requirements.
22. Report on the adequacy and effectiveness of compliance controls.
23. Report to line management on the status of corrective action.
24. Stakeholder Engagement: Prepare for, and be involved in any regulatory engagements, including on-site inspections, as well as taking ownership of reporting based on such engagements.
25. Represent the Bank on BASA committees as requested by Management.
26. Establish and maintain an internal stakeholder network within the business to enable the achievement of Compliance objectives.
27. Address queries from business stakeholders on Compliance matters.

What you will bring:

1. National Diploma or Bachelor's Degree in Law, Risk Management, Accounting, or Auditing.
2. 5 years' financial services compliance/legal advising/internal auditing/risk management experience.
3. Stakeholder management at all levels and up to Exco.
4. Holding responsibility for oversight of all regulations and Acts relating to financial services generally.
5. Working as part of a multi-disciplinary team (IT, Business, etc.).
6. Proven experience in stakeholder management and influence.

If you are interested in being part of this dynamic team, on a mission to build the best bank in the world through unlocking the potential of its people, please apply.

We would love to hear from you! Capitec is committed to diversity and, where feasible, all appointments will support the achievement of our employment equity goals.