Compliance Head

Job Description

To implement the FirstRand compliance risk framework to enable adherence to regulatory requirements and prevent exposure risks in line with the FirstRand and related segment business strategy and FirstRand Group wide compliance strategy

Hello Future Compliance Head

Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.

As part of our talent team at FNB Commercial Core Juristic Platform, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can:

- Contribute to the development of larger overall area budget
- Develop the budget for the next financial year for area of responsibility taking all operational plans into consideration
- Research and design a longer term financial resource requirement plan for the area of responsiblity
- Present the business case to motivate for financial resources
- Analyse and develop implementation plans against the forecasted financial budget
- Develop tactical budget for area of responsibility that minimise expenditure and manage costs
- Control the budget for area including the authorisation of expenditures and implementation of financial regulations
- Ensure integrated view and reporting of relevant business information
- Analyse information to identify trends, discrepancies and inconsistencies for decision making purposes
- Ensure reporting of identified inconsistencies or opportunies
- Use the insights gained through integrated business reports to measure success and realign tactical strategy implementation objectives appropriately
- Provide input into, and implement, corporate governance, compliance, integrity and ethics policies in are of accountability to identify and manage risk exposure
- Stays abreast of relevant industry risk management best practices and legislative amendments and suggests ways to leverage these to ensure continuous improvement
- Creates risk awareness and manages audit findings
- Participate in Group risk forums where required and cascades relevant information through team
- Develop compliance risk management solutions within strategic guidelines and policies
- Work closely with internal audit team on the audit findings and observations
- Work closely with Head of Stakeholder Engagement and Compliance Centre of Expertise on regulatory issues and updates
- Oversee the deployment and effectiveness of integrated risk management, governance, and compliance frameworks throughout area of responsibility
- Advise and support on the development of compliance guidelines, processes, and procedures for the various business units through collaboration with business unit leadership
- Analyse, address and resolve compliance issues
- Provide oversight and support on compliance related matters affecting compliance team within the Africa operations team
- Ensure processes and other controls exist in business to enforce compliance with laws, regulations, policies, and procedures
- Oversee and manage internal data privacy compliance reviews, where required under local laws and regulations
- Be the line of escalation from the business unit in self assessments
- / audits, including data privacy and compliance-related assessments and other reviews
- Review the effectiveness of the implementation of compliance awareness and training programmes across the organisation
- Establish strategic goals, plans and objectives for the organisation and make strategic decisions based on company goals and objectives
- Maintain expert knowledge on relevant legislative amendments, industry best practices and provide advice to relevant stakeholders
- Maintain up to date knowledge of local and global trends
- Provide thought leadership and expertise
- Lead a development culture where information regarding successes, issues, trends and ideas are actively shared
- Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies
- Lead specialist communities of practice and contribute positively to own and organisational knowledge improvement
- Manage performance of team or teams in areas of responsibility against expected individual and team delivery targets
- Manage performance moderation, disciplinary action, recognition and retention processes in line with HR policies and procedures
- Build team succession plans for roles in own area and influence resource planning
- Ensure clear contracting and assessment of performance expectations in line with identified objectives and enable a learning and growth culture
- Implement people resource planning in line with delivery and performance objectives within budget and in partnership with specialised areas
- Implement talent management practice