Regulatory Compliance Manager

Korakhoa Solutions; Gauteng; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A leading company in South Africa is seeking a Compliance Officer to guide and advise on compliance requirements, update policies, conduct training, and prepare compliance reports. The ideal candidate will have a strong understanding of various compliance regulations and experience in compliance management.

Qualifications

• Experience with compliance regulations such as POPI, FAIS, and FATCA.

Responsibilities

• Guide business on compliance requirements and update policy manuals.
• Conduct compliance training and monitor compliance activities.
• Prepare reports for the Board of Directors and manage REKYC processes.

Skills

Compliance Management

Regulatory Knowledge

Job description

Guide and advise Business and management on Compliance requirements (POPI, FAIS, TCF, FIC Act, FATCA, CRS, EXCON Regs, Conduct Standards).

1. Update Policy & Procedure Manuals due to regulatory and operational changes in key legislation affecting the Bank.
2. Conduct compliance training as per the compliance training plan.
3. Update training manuals in line with regulatory changes and policy requirements.
4. Assist in compiling a compliance monitoring plan and report against it.
5. Assist in preparing an annual Compliance Activity Plan for approval by the BoD.
6. Review the Legislative Risk Matrix annually and submit it to the BoD.
7. Conduct compliance monitoring and testing, providing recommendations and action plans.
8. Develop and update Compliance Risk Management Plans.
9. Assist in submitting FATCA and CRS reports to SARS, including implementing new reporting requirements.
10. Manage and oversee REKYC and EDD processes.
11. Prepare and submit all required reports to the Group and Audit Committee quarterly.
12. Review the Compliance Monitor's performance, quality of commentary, and timeliness, including investigations and report filing where necessary.
13. Provide guidance on new product and delivery channel development.
14. File regulatory reports to respective regulators.