Compliance Manager: Regulatory and Conduct Risk Management

Old Mutual South Africa; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading financial services company in South Africa seeks a Compliance and Conduct Risk Manager. This role requires a proactive individual with extensive experience in compliance, aiming to establish an effective compliance function within the bank. Candidates should have a minimum of 5-8 years in a similar role, alongside relevant qualifications. Strong knowledge of regulatory environments and excellent communication skills are essential for success in this role. The appointee will actively participate in maintaining the integrity and effectiveness of compliance practices across the organization.

Qualifications

• Minimum of 5-8 years in a similar role in the Financial/Regulatory/Banking sector.
• CPRAC is recommended but not a pre-requisite.
• Experience in Compliance environment within banking.

Responsibilities

• Assists in the establishment of an effective compliance function.
• Provides regulatory and conduct advisory support to business.
• Undertakes compliance assurance activities for testing regulatory controls.

Skills

Compliance Software

Data Compilation

Legal Practices

Regulatory Compliance Management

Report Writing

Education

Relevant bachelor's degree (BCOM; BCOM(LAW); LLB)

NQF Level 7 - Degree, Advanced Diploma or Postgraduate Certificate

Tools

Word

Excel

PowerPoint

Job description

Let’s Write Africa’s Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

At OM Bank, we strive to attract great people who are passionate about coming together for a higher purpose- building something unique and aspirational, always aiming to be the best they can be. We are rooted in our purpose of inspiring and enabling our customers to grow and sustain their prosperity.

The role is best suited to a candidate that has extensive skill and experience in compliance and conduct risk management practices and processes. The role requires an individual who has a keen interest in adopting an Innovative approach to compliance and conduct risk management.

Someone who is passionate about being a trusted collaborator to the organisation and has a willingness to learn and support the organisation in the delivery of its strategic and operational objectives, while promoting, maintaining and protecting the integrity of OM Bank from a regulatory and conduct perspective.

KEY RESULT AREAS

• Report into the Head of Regulatory and Conduct Risk Management
• Assists in the establishment of an effective compliance function, framework and core processes for the bank.
• Participates in activities that drive a strong culture of compliance and internal control.
• Assist with the development of key compliance policies and standard operating procedures.
• Provides regulatory and conduct advisory support to business and where necessary, with support from the legal function.
• Assists with regulatory change and commentary processes.
• Supports with the maintenance of the Bank’s Regulatory Universe and the governance in relation to this maintenance.
• Undertakes research initiatives to determine best practice in relation to the management of regulatory and conduct risk management and share insights with stakeholders.
• Collaborates with business in the assessment of compliance risk based on impact and likelihood methodology.
• Collaborates in the identification and recommendation of controls to mitigate regulatory and conduct risk.
• Undertakes compliance assurance activities aimed at testing the efficacy of regulatory and conduct controls implemented in business as second line assurance. This includes the drafting of review reports and engagement with stakeholders in relation to findings and recommendations for remediation.
• Assist with the identification and roll-out of training and educational needs regarding compliance practices and make recommendations and assists with the development of training content with respect to legislative training.
• Assists with regulator and assurance and other audit reviews; and oversees and tracks compliance remediation initiatives executed by business as first line.
• Assist with the production of reports relating to the compliance posture of OM Bank for the various structures within the compliance governance framework including senior management, Executive Committee, Board sub-committees, the Board and regulatory bodies such as the PA, FSCA, SARB.

Role Requirements

• Minimum of 5-8 years in a similar role in the Financial/Regulatory/Banking sector
• Relevant bachelor’s degree that includes legal, compliance, governance, commerce and/or a senior compliance qualification. (BCOM; BCOM(LAW); LLB)
• CPRAC is recommended but not a pre-requisite.
• RE5 and RE1 a pre-requisite.
• Candidate must meet the competency requirements to be loaded as the FAIS Licence Compliance Officer,
• Understands the core principles of an effective compliance function.
• Experience in Compliance environment within banking.
• Have an understanding of and an ability to implement compliance and governance requirements.
• Has detailed knowledge of the legislative and regulatory environment of the financial sector with specific emphasis on banking legislation such as FAIS, Market Conduct, Business Conduct, NCA, CPA.
• Direct exposure to and a keen interest in competitive compliance practices is recommended.
• Word, Excel and PowerPoint skills. Excellent report writing skills.

Skills

Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Legal Practices, Performance Management Design, Policies & Procedures, Procurement Performance, Project Quality Management, QA Methodologies, Regulatory Compliance Management, Requirements Development

Competencies

• Balances Stakeholders
• Communicates Effectively
• Financial Acumen
• Instills Trust
• Interpersonal Savvy
• Manages Ambiguity
• Manages Complexity
• Optimizes Work Processes

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

01 February 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!