Manager : Inspection And Enforcement

Makhado Consulting; Gauteng; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A consulting firm in South Africa is seeking an experienced professional to manage FIC-related inspections and enforce compliance with the FIC Act. The ideal candidate will have a degree in Law and 8-10 years of experience in regulatory environments. This role involves significant responsibilities in supervision and stakeholder engagement to ensure high performance and delivery standards.

Qualifications

• Minimum of 8-10 years relevant experience in specialized assessments.
• Experience in a regulatory environment, compliance oversight or supervision.
• Minimum of 5 years of proven management experience.

Responsibilities

• Manage and report on FIC risk-based and supervisory inspections.
• Develop and maintain inspectorate and enforcement manuals.
• Ensure compliance with code of conduct and legislative requirements.

Skills

Management experience

Knowledge of the FIC Act

Forensic auditing

Compliance management

Stakeholder management

Education

Degree in Law (NQF7)

Postgraduate qualifications in anti-money laundering

Job description

EDUCATION, SKILLS AND EXPERIENCE

Education Degree in Law (NQF7). Postgraduate qualifications in anti-money laundering, forensic auditing or compliance management. Minimum of 8‑10 years relevant experience in a broad spectrum of specialized assessments in the following fields such as prosecution, forensic auditing, compliance, enforcement and/or information systems.

Minimum of 5 years of proven management experience. Experience in a regulatory environment, compliance oversight or supervision will be an added advantage. Knowledge of the FIC Act, international standards, and the requirements of other relevant legislation.

KEY PERFORMANCE AREAS

MANAGE DELIVERY

• Manage and report on FIC risk‑based and supervisory‑body supported inspections.
• Manage and report on effective, proportionate and dissuasive FIC administrative sanctions, and manage and report on appeals.
• Manage, implement, monitor and report on effective remedial action undertaken through inspection and enforcement, and identification of institutions for follow‑up inspections, compliance reviews and/or enforcement action.
• Provide advice on the supervision and enforcement of the FIC Act.
• Assist in any applications, reviews and appeals emanating from inspections, sanctions and appeals in terms of the FIC Act.
• Develop and maintain the inspectorate and enforcement manuals, processes and procedures.
• Monitor and report on regulatory enforcement actions by supervisory bodies.
• Provide presentations on inspections and enforcement to supervisory bodies, key stakeholders and the general public.
• Guide and advise supervisory bodies on their supervision and enforcement obligations in terms of the FIC Act.
• Provide input into AML/CFT risk assessment methodologies.
• Build and maintain professional relationships with relevant stakeholders.

MANAGEMENT COMPETENCIES

Delivery and success

• Directs, controls and enhances resources to produce operating results and meet specific objectives and deliver agreed results.
• Focuses continuously on delivery as per predefined plans.
• Makes changes to improve performance and reduce risk.
• Anticipates and resolves problems to ensure targets are achieved within agreed deadlines and standards.

People management

• Manages workflows and plans and ensures clarity around accountabilities.
• Ensures that the function’s objectives are well known and achievable.
• Ensures that the area’s objectives are met by scheduling and prioritizing activities, allocation of work, resourcing and individuals’ performance so that the highest level of output and quality is achieved.
• Leads subordinates so that they collaborate competently and with full commitment with manager and with others in pursuing the goals set.
• Performance is actively managed.
• Encourages and enables teamwork.

Planning and Organising

Directly plans and reports on unit outputs; identifies any possible deviations and problems which will affect output and develops and implements alternative plans.

Develops and plans functional unit quarterly plan in line with the area’s annual.

Reports on Work Plans

Reports on work plans - achievement of quantity, quality and time targets.

Resources Management

Budget for inspection and enforcement activities and manage and control the budget allocated.

Manage allocated resources to ensure effective and efficient delivery.

Makes recommendation on resources and budgetary requirements for annual planning purposes.

Controls costs through effective management of principle business or operating process variables.

Operationalises plans and deploys resources to meet clearly calculated plans and objectives over a typical bi‑annual horizon.

Governance, Risk Management, Compliance

Ensure compliance with code of conduct, policies, procedures and legislative requirements.

Provide input into budget for the division.

Contribute to the development and maintenance of divisional and organisational policies.