Head Of Regulatory Compliance

Talent Candey; Wes-Kaap; On-site; ZAR 1,500,000 - 2,500,000; Full time

Job summary

Talent Candey, on behalf of a client in Banking and Financial Services, seeks a Head of Regulatory Compliance to lead the Compliance division and steer the development and implementation of the Compliance Risk Management Framework (CRMF).

The role requires seasoned expertise in SA banking regulation, engagement with authorities, and strategic guidance to Executive Management and the Board, with a focus on regulatory readiness as the organization expands.

Qualifications

• Bachelor's degree in law, Commerce, Risk Management, or related field.
• Minimum 10 years' compliance experience within Banking or Financial Services.
• Minimum 5 years' experience in a senior regulatory compliance leadership role.
• Proven experience developing, implementing, or enhancing CRMF.
• Strong knowledge of South African banking legislation and regulatory requirements.
• Proven experience engaging with the Prudential Authority, FSCA and/or National Credit Regulator.
• Experience managing regulatory inspections, compliance monitoring, and regulatory reporting.
• Experience identifying compliance risks, implementing corrective measures, and managing remediation processes.
• Strong understanding of compliance monitoring and testing methodologies.
• Excellent regulatory interpretation, stakeholder management, and executive reporting skills.

Responsibilities

• Develop, implement, and maintain the organization’s CRMF.
• Ensure compliance with applicable banking legislation, Prudential Authority requirements, FSCA regulations and the National Credit Act.
• Maintain the regulatory universe and obligations register, ensuring regulatory requirements are incorporated into operations.
• Develop and execute annual compliance monitoring plans, identifying risks with corrective actions.
• Monitor legislative and regulatory changes and advise the business on implications.
• Manage relationships with regulatory authorities, including inspections, reviews, and information requests.
• Oversee regulatory compliance reporting, breach registers, and compliance attestations.
• Provide regulatory compliance advice to Executive Management, the Board and stakeholders.
• Assess regulatory implications of new products, services, partnerships and digital initiatives.
• Collaborate with internal risk, audit, and compliance functions to ensure effective regulatory oversight; develop training initiatives.

Skills

Regulatory leadership

Stakeholder management

Executive reporting

Regulatory risk analysis

Regulatory inspections

Education

Bachelor's degree in law, Commerce, Risk Management, or related field

Job description

Purpose of the Role

Our reputable client within the Banking and Financial Services sector is seeking a highly experienced and driven Head of Regulatory Compliance to join their Compliance division.

The successful candidate will be responsible for developing, implementing, and overseeing the organizations Compliance Risk Management Framework (CRMF), ensuring adherence to applicable banking legislation, regulatory requirements, and governance standards.

This senior role requires a strong regulatory compliance professional who can effectively manage regulatory risks, engage with regulatory authorities, and provide strategic compliance guidance to Executive Management and the Board.

Key Responsibilities

• Develop, implement, and maintain the organizations Compliance Risk Management Framework (CRMF).
• Ensure compliance with applicable banking legislation, Prudential Authority requirements, FSCA regulations and the National Credit Act.
• Maintain the regulatory universe and obligations register, ensuring regulatory requirements are appropriately incorporated into business operations.
• Develop and execute annual compliance monitoring plans, identifying risks and ensuring corrective actions are implemented.
• Monitor legislative and regulatory changes and advise the business on their implications.
• Manage relationships and engagements with regulatory authorities, including inspections, reviews, and information requests.
• Oversee regulatory compliance reporting, breach registers, and compliance attestations.
• Provide regulatory compliance advice to Executive Management, the Board and business stakeholders.
• Assess regulatory implications of new products, services, partnerships and digital initiatives?
• Collaborate [sic] with internal risk, audit, and specialist compliance functions to ensure effective regulatory oversight .Develop compliance training initiatives and promote a strong compliance culture.
• Support the development of the compliance function and ensure regulatory readiness as the organization grows.

Minimum Requirements Non-Negotiable

• Bachelors degree in law, Commerce, Risk Management, or a related field.
• Minimum 10 years' compliance experience within Banking or Financial Services.
• Minimum 5 years' experience in a senior regulatory compliance leadership role.
• Proven experience developing, implementing, or enhancing Compliance Risk Management Frameworks (CRMF).
• Strong knowledge of South African banking legislation and regulatory requirements.
• Proven experience engaging with the Prudential Authority, FSCA and/or National Credit Regulator.
• Experience managing regulatory inspections, compliance monitoring, and regulatory reporting.
• Experience identifying compliance risks, implementing corrective measures, and managing remediation processes.
• Strong understanding of compliance monitoring and testing methodologies.
• Excellent regulatory interpretation, stakeholder management, and executive reporting skills.

Advantageous

• Recognized professional compliance qualification or certification.
• Experience within a newly established or rapidly growing banking institution.
• Experience establishing or significantly enhancing regulatory compliance functions.
• Exposure to banking regulatory readiness and governance requirements.

Key Competencies

• Strong regulatory and analytical skills.
• Excellent attention to detail.
• High levels of integrity and professional judgement.
• Strong leadership and stakeholder management abilities.
• Excellent communication and presentation skills.
• Ability to interpret complex legislation and implement practical compliance solutions.
• Strategic thinking with a hands-on approach.
• Ability to operate effectively in a fast-paced, evolving banking environment.