Manager: Governance, Compliance and Ethics

**Purpose of the role**:
To lead the Bank’s Compliance function by providing strategic direction and focus and by establishing and promoting a compliance culture within the Bank. To ensure that the Bank complies with all relevant statutory, regulatory and supervisory requirements that pertain to its particular industry as well as professional standards, accepted business practices and internal standards. To ensure that the Bank’s corporate governance processes and internal policies are sound and embedded within the organisation. To ensure that the Bank conducts its business in an ethical manner and to promote an ethical culture within the Bank thereby assisting to manage risk, maintain a positive reputation. To create awareness and educate employees and management at all levels as well as instituting practices that will ensure the highest possible level of compliance. Participating in and supporting the Board and Board sub-committees in effective management of compliance risks. To oversee elements of Financial Crime Risk management.

**Key Performance Areas**

**1. Governance and Compliance Oversight: Strategic Alignment Compliance Framework, Compliance Programme and Managerial responsibilities**
- Develops and oversee the implementation of a consistent integrated compliance framework and compliance programme for the identification, prioritisation, management, monitoring and reporting of compliance risks and issues.
- Develop a comprehensive compliance risk management programme that is integrated with the organisation’s strategic planning process.
- Assist management in becoming aware of their responsibilities relating to compliance with regulatory requirements.
- Examines and keeps abreast of all changes in legislation and regulations and advise all stakeholders of the potential impact that such changes would have on the Banks operations.
- Independently monitoring and reporting to top management on the effectiveness of the compliance function.
- Provides advice to management and the Board as required in adherence to compliance functions imposed by legislation and governance principles.
- Develop a framework for policies within the bank that is aligned to legislation and best practice corporate governance.
- Develop and guide the maintenance of a policy and procedure repository within the bank.
- Communicate, meet and plan with internal audit on a periodic basis in order for IA to conduct independent reviews of the compliance function.

**2. Governance and Compliance Oversight: Regulatory reporting and Regulator and Stakeholder interaction**
- Build and maintain effective regulator and stakeholder relationships.
- Develop and maintain professional working relationships with regulators and other stakeholders through formal and informal interactions.
- Develop a plan to manage an organisation’s relationship with all regulators / supervisors that have jurisdiction.
- Coordinate communication channels and liaison with regulators and supervisors.
- Participate and oversee where necessary in regulatory inspections.
- Represent the Unit on governance compliance related matters and various forums.

**3. Governance and Compliance
- Assurance and Monitoring Oversight (second line of defence)**
- Develop the compliance risk identification matrix of the Bank to understand the business of the bank and all applicable legislation (compliance process phase1).
- Develop the compliance risk priorization index for the Bank to categorise and prioritize and classify the applicable legislation to the Bank (compliance process phase 2).
- Develop control optimization and risk management plans for applicable legislation for the Bank (compliance process phase 3).
- Develop compliance risk monitoring plans and reporting tools for the bank for all applicable legislation and reporting (compliance process phase 4).
- Develop a compliance monitoring plan and compliance programme to ensure monitoring of the Banks compliance risk as well as compliance to laws, regulations and supervisory requirements.

**4. Governance and Compliance Oversight: Ethics Culture and Management. Establish best practice and create awareness to an ethics culture in the organisation**
- Inspect and oversee the ethics related issues in terms of King IV.
- Collaborate with internal and external stakeholders in addressing ethics related issues.
- Submit research and advice on best practices to detect and address unethical behaviour.
- Develop a process to monitor compliance with the complaints and ethics policies and procedures.
- Present reports to management and board on all non-compliance to code of ethics and ethics policy to relevant stakeholders.

**5. Financial Management**
- Provide input into the departmental annual budget and allocated cost items.
- Monitor expenditure monthly and report on variances.
- Manage budget allocations and motivations for expense within area of responsibility.
- Ensures the maintenance or reduction of costs of all resourc