Senior Manager - Wholesale Compliance

Access Bank; Johannesburg; On-site; ZAR 700,000 - 900,000; Full time

Job summary

A prominent financial institution is seeking a Senior Manager for Wholesale Compliance in Johannesburg. The role involves overseeing regulatory compliance, conducting risk assessments, and training staff on compliance protocols. Candidates should have a Bachelor's degree and a minimum of 7 years of experience in compliance roles, particularly in wholesale banking. Competitive compensation and professional growth opportunities are offered.

Qualifications

• Minimum of 7 years of experience in compliance or regulatory roles.
• In-depth knowledge of wholesale banking products and operations.
• Ability to interpret legislation and assess compliance risks.

Responsibilities

• Provide oversight on regulatory compliance matters.
• Conduct risk assessments of wholesale banking operations.
• Prepare regulatory reports on compliance activities.

Skills

Regulatory compliance oversight

Risk assessment

Training and development

Stakeholder engagement

Compliance monitoring

Presentation skills

Education

Bachelor's degree in Finance, Business Administration, Law, or related field

Post graduate diploma in Compliance Management (advantageous)

FAIS RE5 certification

Job description

Overview

Job title : Senior Manager - Wholesale Compliance

Job Location : Gauteng, Johannesburg

Deadline : November 08, 2025

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Regulatory Compliance Oversight

• Provide oversight and guidance on regulatory compliance matters related to wholesale banking activities.
• Stay updated on regulatory developments impacting wholesale banking operations and ensure timely implementation of necessary changes.
• Develop and implement CRMPs on all legislative elements that impact Retail Banking. Target : 95% of compliance within 30 days.

Stakeholder Engagement

• Develop and deliver compliance training programs tailored to wholesale banking staff to enhance awareness and understanding of regulatory requirements.
• Provide ongoing support and guidance to staff on compliance-related matters and inquiries.
• Attend stakeholder meetings and regulatory meetings, as and when required.
• Contribute to the preparation and delivery of regular reports to various stakeholders, EXCO and Audit and Compliance Committee.

Risk Assessment and Mitigation

• Conduct risk assessments of wholesale banking operations to identify compliance risks and vulnerabilities.
• Develop and implement strategies to mitigate compliance risks effectively, collaborating with relevant stakeholders as needed.

Compliance Monitoring and Reporting

• Establish compliance monitoring programs to assess adherence to regulatory requirements and internal policies within wholesale banking.
• Prepare and submit regulatory reports on compliance activities, findings, and remedial actions to senior management and regulatory authorities as required.
• Coordinate and facilitate compliance reviews and audits of wholesale banking activities to assess compliance with regulatory requirements and internal policies.
• Develop and implement corrective action plans to address findings from compliance reviews and audits.

Training and Awareness

• Develop and deliver compliance training programs tailored to wholesale banking staff to enhance awareness and understanding of regulatory requirements.
• Provide ongoing support and guidance to staff on compliance-related matters and inquiries.

Team development

• To assist fellow compliance officers / team members in achieving project or operation goals and reporting deadlines.
• To identify and extract any possible synergies that exist between internal audit and to develop / foster a cooperative relationship which would be to the advantage of the business.
• General compliance administrative duties

Policies and Procedures Management

• Develop, review, and update compliance policies and procedures for wholesale banking functions, ensuring alignment with regulatory requirements.
• Coordinate with relevant departments to ensure effective implementation and adherence to compliance policies and procedures

Personal Development

• Be willing to learn and grow by being exposed to various disciplines within the department and not work in isolation.
• Take responsibility of personal development within the compliance sphere.
• Attend compliance related workshops, training interventions and conferences.
• Contribute by assisting in ensuring training hours are completed, and training is attended.
• Ensuring attendance of business workshops and training sessions.
• Participate on industry-specific associations, standing committees, work groups and other interest groups in the financial services industry, where necessary.

Academic Knowledge

• Bachelor's degree in Finance, Business Administration, Law, or a related field; and / or
• Appropriate professional qualification from a reputable educational institution or professional body; or
• Appropriate accredited compliance related course endorsed by the Compliance Institute.
• Successfully completed FAIS RE5 (and preferably RE1)
• Post graduate diploma in Compliance Management (advantageous)
• Member of the Compliance Institute.
• C(Prac) certified or studying towards (advantageous).

Work Experience

• Minimum of 7 years of experience in compliance or regulatory roles within the banking or financial services industry, with a focus on wholesale banking.
• 3 years’ FAIS experience for a Cat 1 License
• In-depth knowledge of wholesale banking products, operations, and regulatory requirements.
• Understanding and ability to assess compliance risks.
• Ability to interpret legislation.
• Understanding of and ability to implement monitoring methodologies.
• Good presentation skills (Ability to provide awareness training).
• Ability to provide advice and guidance to Business.
• Ability to compose compliance related reports.
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