Manager: Compliance Business Bank

Capitec Bank; Sandton; On-site; ZAR 600,000 - 850,000; Full time

Job summary

A leading South African bank is seeking a Compliance Manager to develop and oversee compliance strategies within the Retail Bank. The successful candidate will ensure adherence to regulatory requirements and enhance the compliance culture through effective management practices. An ideal candidate will have an Honours Degree in Law or Commerce, with experience in retail banking compliance frameworks.

Qualifications

• Minimum Honours Degree in Law or Commerce required.
• Experience in compliance frameworks in retail banking is essential.
• Knowledge of market conduct and financial crime compliance required.

Responsibilities

• Develop strategies and operational processes for compliance risk management.
• Manage compliance within the Retail Bank and facilitate adherence to legislative requirements.
• Enhance the compliance culture by understanding regulatory requirements.

Skills

Communications Skills

Planning, organising and coordination skills

Analytical Skills

Reporting Skills

Computer Literacy

Education

Honours Degree in Law or Commerce

Post Graduate Diploma in Business Management or Risk and Compliance

Tools

Office

EXCLAIM software

Job description

Purpose Statement

• To develop strategies and operational processes for Retail Bank for the execution and embedment of compliance risk management processes as required by relevant regulatory requirements, applicable codes of conduct and minimum standards
• To be responsible for and manage compliance within the Retail Bank; to facilitate adherence to legislative requirements as prescribed by Regulation 49 of the Banks Act
• To enhance the compliance culture by developing and maintaining a thorough understanding of the relevant regulatory requirements and the global regulatory environment and best practice principles applicable to the bank

Experience Qualifications (Minimum)

• Honours Degree in Law or Commerce

Qualifications (Ideal or Preferred)

• Post Graduate Diploma in Business Management or Risk and Compliance

Knowledge

Minimum:

• Knowledge and experience of implementing and being accountable for compliance frameworks/strategies in a retail banking environment
• Knowledge and experience of implementing and being accountable for Market Conduct and Financial Crime compliance frameworks / strategies across the bank (RB & BB)
• Solid understanding of compliance regulation best practice and guidance
• Knowledge and understanding of compliance and operational risk regulatory requirements
• Knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk
• Understanding of financial services business processes, especially in the retail banking environment.
• Development and implementation of risk management and reporting
• Understanding of the retail banking landscape.

Knowledge of:

• Commercial Law
• Legal practices
• Monitoring techniques
• Auditing processes
• Computer systems (Office – Word, Excel, Powerpoint)

Ideal:

• Legislation regarding all specified compliance monitoring areas (consumer protection, money laundering and terrorist financing, labour legislation or financial and regulatory)
• Banks’ systems
• EXCLAIM software

Skills

• Communications Skills
• Planning, organising and coordination skills
• Analytical Skills
• Reporting Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)

Conditions of Employment

• Clear criminal and credit record