Compliance Head

Job Description

To manage the Compliance function in the business unit and to assist the Segment Compliance Head and Group Chief Compliance Officer in terms of compliance holistically as per the Banks Act Regulations through the implementation of the FirstRand compliance risk framework enabling management to adhere to regulatory requirements and prevent exposure risks in this regard, in line with the FirstRand and related segment business strategy and FirstRand Group wide compliance strategy as well as ensure that the Segment and Business Unit specific Compliance deliverables are implemented and completed.
- 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
- Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in
- Engage in cross-functional relationships to obtain and to provide work support
- Contribute to sustaining a competitive edge through external networking, benchmarking and representation on related forums
- 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
- Participate with senior management to establish strategic goals, plans and objectives for the organisation and make strategic decisions based on company goals and objectives
- Develop compliance guidelines, processes, and procedures for various business units through collaboration with business unit leadership
- Negotiate and influence matters affecting the compliance team within the Africa operations
- Analyse, address and resolve compliance issues
- Provide oversight and support on compliance related matters
- Ensure processes and other controls exist within the 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
- Ensure the implementation of compliance awareness and training programs across the organisation
- Brainstorm, identify, implement and drive innovative best practice ideas within the organisation to ensure increased efficiencies
- Create and participate in specialist communities of practice and represents the organisation at Group and industry level to share best practice insights and solutions
- Drive strategic projects, change management and platform integration across operations
- Leverage Group capability to exploit opportunities
- Ensure and encourage adherence to an operational framework of policies and procedures
- Implement compliance programmes, processes, and procedures in support of laws and regulations
- Ensure that operations are monitored and audited, including, systems in place to detect compliance violations in high-risk, transactional activities, red flag indicators and metrics for compliance risks
- Evaluate the effectiveness of business unit processes and other controls that exist to ensure compliance with laws, regulations, policies, and procedures
- Oversee and manage the monitoring of business unit conduct (e.g., for violations of applicable laws, regulations, policies, and procedures)
- Manage critical projects including incident and crisis management to ensure that the incident management plan is executed in a timely manner
- Ensure compliance with the requirements of Business
- Continuity and Issues Management programmes
- Collaborate with business units to perform periodic reviews of compliance effectiveness
- Compile and submit compliance-related reports to various regulators, as and when required
- Report to regional and international executives on all compliance related matters
- Work closely with internal audit team and Head of stakeholder Engagement on the audit findings and regulatory issues and updates
- Lead and participate in compliance related system and operations development projects
- Collaborate with the Legal and Corporate
- Investigations departments on all joint ventures and/ or related matters
- Respond to compliance and due diligence questionnaires from clients and prospects
- Participate with the business unit in self-assessments / audits, incl. da