Compliance Manager

1 month ago


Johannesburg, Gauteng, South Africa FirstRand Bank Limited Full time

Job Summary

We are seeking a highly skilled Compliance Manager to join our team at FirstRand Bank Limited. As a key member of our compliance team, you will be responsible for ensuring the implementation of our compliance frameworks and programs in consultation with business units to ensure conformance and adherence with regulations.

Key Responsibilities

  • Ensure adherence of organization policies and procedures, especially regulatory and ethical standards.
  • Review existing processes and regulatory requirements and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimize redundancy.
  • Monitor business/operational reports and align processes to maximize regulatory efficiencies.
  • Analyse and interpret regulation and legislation and using a risk-based approach. Identification and risk rating of applicable laws and regulations for responsible business units.
  • Development and implementation of compliance/legislative universe for responsible business units.
  • Development, implementation and management of Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions.
  • Incident reporting to ensure timeous escalation of compliance risks.
  • Research and communicate applicable legislative developments to all stakeholders.
  • Interpret regulatory and legislative requirement and assist business units with practical implementation thereof.
  • Advise and provide guidance to management on systems, policies, processes and controls implemented to ensure compliance adherence.
  • Assist with the promotion of a culture of compliance and awareness and actively participating in compliance projects and training initiatives.
  • Ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability.
  • Ensure implementation of relevant policies, governance and practice standards across the business.
  • Perform regulatory control reviews and assist with identification and implementation of controls.

Requirements

  • Legal Degree and CAMS or Compliance certification (e.g. Compliance Management, CPRAC).
  • Any other Compliance certifications.
  • 8-10 years' experience in compliance.
  • Experience within the banking industry.
  • Preferable: Exchange Control/Payments/Anti-money laundering experience.

What We Offer

  • Opportunities to network and collaborate.
  • Participate in the growth of the organization's strategic intent.
  • Opportunities to innovate and improve business processes.

Our Ideal Candidate

  • Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to initiate action.
  • Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it through continuous learning.
  • Know how to work under pressure, maintain work standards and manage work.

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