Compliance Monitoring Specialist-26

Job Description

To develop and implement audit processes for conducting quality assurance of all deliverables to contribute to the implementation of a group compliance monitoring methodology in accordance with relevant regulations, applicable codes of conduct and within best business practice principles.

Hello future Compliance Monitoring Specialist

FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you

Role Purpose:
Develop and implement audit processes for conducting quality assurance of all deliverables to contribute to the implementation of a group compliance monitoring methodology in accordance with relevant regulations, applicable codes of conduct and within best business practice principles.

Are you someone who can:

- Identify development needs and address these through training and continuous professional development. Completion of mandatory training.
- Proactively seek and embrace formal and informal peer coaching opportunities.
- Execute the monitoring assignment within the agreed budget and timelines and accurate and complete capture of the time spent (self-management). Identification and timely escalation of issues to minimise impact on monitoring delivery.
- Ensure consistent quality client engagements and value-adding deliverables in all monitoring engagements (measured through client feedback e.g. CSS)
- Respond to client needs and queries professionally and within agreed turn-around times.
- Communicate professionally in all communication forms. Listens actively to others.
- Negotiate with management as appropriate in order to ensure key findings and follow up actions are agreed upon.
- Obtain a good understanding of the control environment being monitoring (including information technology, internal financial control and risk management related aspects), and the interdependencies linked to this.
- Plan monitoring assignments based on key processes and business risks identified and design the monitoring program in line with risks and key controls to be tested.
- Consider the use of data analytics (DA) in individual reviews to enhance monitoring planning and create efficiencies in monitoring fieldwork.
- Performance of responsibilities with transparency, due professional care and with highest ethical standards to ensure monitoring outcomes align with work performed and the monitoring file.
- Ensure confidentiality is always maintained in line with MCoE methodology operating manual / guidelines and group policies and frameworks (declaration of interest).
- Prepare a quality and balanced monitoring report to specified standards, encapsulating the control weaknesses identified and results of monitoring work performed.
- Ensure monitoring file data quality is maintained through complete, accurate and timeous capturing of monitoring outcomes onto the monitoring file.
- Incorporate fundamental principles, key issues and control themes emanating from other functional areas and assurance providers to ensure relevant and appropriate monitoring findings.
- Support the Head of Segment Compliance Monitoring, Manager of Compliance Monitoring with other Compliance/operational and reporting activities as requested.
- Identify opportunities for innovation in monitoring as well as client processes and develop practical solutions to implement innovative practices.
- Effective communication with the monitoring team, monitoring management and key stakeholders.
- Is aware of the resources (.e.g. MCoE guidance material, FirstRand guidance material/ frameworks/ standards/ manuals, additional research, engagement with experts etc.) available and is able to utilise them to best effect with guidance from senior monitoring staff.
- Keep abreast of emerging industry standards, best practices, industry challenges, upcoming legislation, operational requirements and technology changes related to the internal monitoring environment.
- Participate in internal departmental work and key standing tasks such as Board, Risk and Monitoring Committee reporting, as requested.

You will have access to:

- Challenging work in a complex and exciting environment
- Opportunities to innovate and create efficiencies.
- Exposure to our direct SA operations and indirect Broader Africa, off-shore operations

We can be a match if you are:

- Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
- Obsessed with mastery - you know what it