Specialist, Compliance Risk Integration

Standard Bank Group; Johannesburg; On-site; ZAR 900 000 - 1 200 000; Full time

Job summary

A leading financial institution is seeking a Specialist in Compliance Risk Integration to design and implement a compliance framework. The role requires expertise in compliance, with at least 8-10 years in the financial services sector. Candidates should have a strong understanding of regulatory requirements and the ability to influence senior executives while ensuring adherence to compliance standards. This position is critical for safeguarding operations and maintaining the bank's reputation in South Africa.

Qualifications

• Minimum of 8-10 years of experience in Compliance within the financial services sector.
• Demonstrated expertise in regulatory requirements and upcoming developments.
• High level of attention to detail and commitment to compliance standards.

Responsibilities

• Develop strategy for integrating Compliance Risk across all facets of the bank.
• Conduct assessments of compliance risks and ensure adherence to standards.
• Engage with executives to maintain compliance and mitigate risks.

Skills

Analytical skills

Excellent communication

Strategic compliance support

Understanding of banking products

Education

First Degree in Audit, Business Commerce, or Legal studies

Job description

Overview

The Specialist, Compliance Risk Integration is a critical role within the Standard Bank Group, tasked with the imperative responsibility of designing and implementing a comprehensive compliance risk framework across all Client Segments, Solutions, Corporate Functions, and African Regions. This position is pivotal in safeguarding the bank's operations and reputation.

Responsibilities

• Develop and execute a robust strategy for integrating Compliance Risk across all facets of the Standard Bank Group.
• Conduct thorough assessments of compliance risks, ensuring a comprehensive view of potential vulnerabilities across the entire organisation.
• Engage with and influence senior executives to ensure strict adherence to compliance standards in all operational activities.
• Implement rigorous measures to mitigate operational losses, fines, penalties, and reputational damage arising from compliance breaches.
• Establish and maintain a culture of compliance excellence, positioning it as a competitive advantage for the organisation.
• Provide expert guidance on complex compliance matters, interpreting regulatory requirements and their implications for the bank's operations.
• Develop and oversee the implementation of compliance policies, procedures, and controls that align with both local and international regulatory standards.
• Lead initiatives to enhance compliance monitoring and reporting systems, ensuring timely detection and resolution of potential compliance issues.
• Collaborate with internal audit and risk management teams to ensure a cohesive approach to risk mitigation across the organisation.
• Stay abreast of evolving regulatory landscapes and emerging compliance risks, proactively adapting the bank's compliance framework to meet new challenges.

This role demands a high level of expertise, attention to detail, and unwavering commitment to maintaining the highest standards of compliance within the financial services sector.

Qualifications

Essential Qualifications :

• First Degree in Audit, Business Commerce, or Legal studies from a recognised institution

Professional Experience

Professional Experience :

• Minimum of 8-10 years of extensive experience in Compliance within the financial services sector
• Demonstrated expertise in regulatory requirements and upcoming developments applicable to specific business areas
• Comprehensive understanding of banking products and activities

Critical Competencies

Critical Competencies :

• Profound knowledge of regulatory frameworks and reporting obligations within the financial services industry
• Proven ability to provide strategic compliance support across multiple disciplines
• Exceptional skills in driving effective risk integration initiatives

Additional Requirements

Additional Requirements :

• Demonstrated capacity to interpret complex regulatory requirements and their implications for banking operations
• Strong analytical skills with the ability to conduct thorough compliance risk assessments
• Excellent communication and influencing skills, particularly when engaging with senior executives
• Proven track record in developing and implementing compliance policies, procedures, and controls
• Ability to stay abreast of evolving regulatory landscapes and proactively adapt compliance frameworks

The successful candidate must possess an unwavering commitment to maintaining the highest standards of compliance and integrity within the financial services sector. This role demands a high level of expertise, meticulous attention to detail, and the ability to navigate complex regulatory environments with precision and authority.

Behavioural Competencies

• Adopting Practical Approaches
• Challenging Ideas
• Convincing People
• Embracing Change
• Empowering Individuals
• Establishing Rapport
• Examining Information
• Interacting with People
• Making Decisions
• Providing Insights
• Taking Action
• Upholding Standards

Technical Competencies

• Business Acumen (Audit)
• Financial Acumen
• Process Governance
• Procurement Knowledge
• Project Management (Project Mgmt)
• Promote Good Governance, Risk & Control

Careers

Are you passionate about Africa's potential? Are you driven to win? At Standard Bank Group, a team of over 50 000 dedicated individuals share one common purpose : Africa is our home, we drive her growth. We believe our people are our greatest asset, and we strive to create a thriving environment where you can bring your whole self to work, pursue your dreams, and see your ideas shape a brighter future for Africa. Join us, if you're ready to turn your passion into impact and make a real difference as part of a dynamic team.