Regulatory Risk Specialist C

4 weeks ago


Sandton, South Africa FirstRand Full time

About us, purpose, experience and qualifications

**about us**:

- make a promise
- be deeply invested
- value our differences
- build trust, not territory
- have courage
- always do the right thing

**purpose**:

- To provide robust assurance of the level of compliance to regulatory requirements by monitoring processes and related controls in accordance with compliance methodology and minimum standards.**experience and qualifications**:

- BComm Degree or Advanced Diploma.
- Certificate in Compliance/Risk Management.
- At least 1 - 3 years’ experience in a risk management function, preferably in a financial institution.
- Should have a basic understanding of South African regulations (If limited to SA specification).**additional requirements**:
**responsibilities**:

- Build and sustain collaborative working relationships with relevant peers and stakeholders in order to achieve productivity synergies.
- Facilitation of risk assessment and evaluation of the effectiveness of established controls and to provide adequate, effective and efficient risk management controls.
- Ongoing monitoring of business compliance to the control frameworks, reporting and escalation of incidents of non-compliance to the Risk Manager including follow up on implementation of agreed corrective measures.
- Utilise root cause analysis to understand issues across the business and monitor reviews, conduct trend analysis and determine in a specific business environment.
- Performing audit testing and completing documentation of planning, testing and findings made in line with the Compliance methodology.
- Create reports summarising major findings, issues and outstanding remediation items, identify risks and controls.
- Advise on and provide support to stakeholders in relation to the execution of the practice relevant legislation, frameworks, processes and tools.
- Provides an advisory service and consults with business in order to recommend controls and processes to ensure legislative compliance.
- Implementation of compliance related campaigns in order to create awareness of the importance of compliance as well providing staff and business with knowledge and skills related to compliance.



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