Senior Compliance Manager

Alexforbes; Johannesburg; On-site; ZAR 30,000 - 70,000; Full time

Job summary

An established industry player is seeking a Compliance Manager to drive the Group Compliance strategy. This role involves overseeing the Financial Crime Compliance Program, engaging with stakeholders, and ensuring adherence to governance and regulatory standards. You'll lead compliance initiatives, manage risks, and develop training programs to foster a culture of compliance within the organization. Join a forward-thinking team dedicated to maintaining high standards of governance and compliance, where your expertise will contribute to the organization's success and sustainability goals.

Qualifications

• 4-7 years of experience in Financial Services industry.
• Strong understanding of compliance principles and internal controls.

Responsibilities

• Manage and oversee the Financial Crime Compliance Program for the Group.
• Draft and manage policies and standards at a Group level.
• Engage with stakeholders to ensure regulatory alignment.

Skills

Compliance Principles

Governance

Risk Management

Financial Reporting

Stakeholder Engagement

Education

Bachelor's Degree

Postgraduate Diploma in Compliance

Job description

Category : Govern Legal Compliance & Sustain - OF

Posted by : Alexander Forbes
Posted on : 04 Dec
Location : Johannesburg

Purpose of the Job

To drive the completion of the Group Compliance strategy and support the achievement of Governance, Legal, Compliance, and Sustainability objectives.

Overview

Manage and oversee the Financial Crime Compliance (FCC) Program for the Group.

Key Responsibilities

1. Research and understand regulatory changes and best practices for the Group.
2. Direct and oversee FCC compliance initiatives and activities.
3. Act as a subject matter expert on FCC.
4. Draft and manage policies and standards at a Group level.
5. Document FCC requirements for compliance-related projects.
6. Coordinate monitoring initiatives for the Group and conduct related activities.
7. Develop general awareness training for the Group.
8. Lead activities for first-line compliance teams to implement and execute.
9. Oversee the FCC risk posture for the Group.
10. Compile management information and reports.
11. Engage with stakeholders to build relationships and ensure regulatory alignment.
12. Maintain relationships with external stakeholders such as ASISA, PA, FIC, and FSCA for guidance and communication.
13. Ensure updates to the Regulatory tracker for new and amended legislation.
14. Advise management on compliance status via detailed reports.
15. Facilitate prompt feedback from compliance and business units to ensure controls are in place before legislation is enacted.
16. Ensure regular Regulatory Forum meetings and documentation of feedback.
17. Distribute weekly/monthly regulatory roundup reports.
18. Maintain the Group's compliance universe and ensure it is current.
19. Ensure consistency and relevance in compliance monitoring; plan, review, evaluate, and optimize monitoring tools and processes.
20. Design and implement risk-based control self-assessments.
21. Update and monitor Compliance Risk Management Plans.
22. Prepare timely compliance reports for committees and Boards.
23. Enhance reporting effectiveness based on audience feedback.
24. Contribute to training and awareness initiatives for compliance.
25. Implement governance, risk, and compliance controls to manage exposure and liability.
26. Manage the Non-Compliance Incident Register and proactively address risks.
27. Identify and address governance and control deficiencies, setting timelines for closure.
28. Assess internal and external risk factors continually.
29. Review policies periodically.
30. Collaborate with other teams and assurance providers across the Group.
31. Support the Group Chief Compliance Officer's strategies and ensure their execution.
32. Develop policies, standards, guidance papers, and templates.
33. Lead risk assessment and management processes at the Group level.
34. Provide input into strategic compliance principles and processes for sustainability.
35. Monitor identified risks, feedback, and corrective actions through governance forums.
36. Represent the Chief Compliance Officer at governance forums and regulatory interactions when needed.

Requirements

• Bachelor's degree or equivalent qualification.
• 4-7 years of experience in the Financial Services industry.
• Strong understanding of compliance principles, governance, risk management, internal controls, and financial reporting.
• Qualifications in AML / Financial Crime Compliance / Compliance, such as CPrac, ACAMS, AMLC Prac, or Postgraduate Diploma in Compliance.

The company's employment equity plans and targets will be considered during recruitment. We are an equal opportunity employer and welcome applicants with disabilities.