Compliance Manager

Purpose:

To develop, implement and oversee a FAIS supervision framework for SBIB, SIL, Voice Branch and Branch distribution which will ensure the execution against supervisory requirements in a way that delivers on client experience and the fair treatment of clients.

Duties and responsibilities:

People

• Identify current and potential employee skill requirements in consultation with the People and Culture function.
• Enable integrated ways of working and collaboration across the value chain to deliver for the client.
• Inspire the team to deliver on the Group's shared purpose and instilling a culture which enables the Group to evolve into a client led platform organisation.
• Provide input into talent strategy developed by People and Culture.
• Create a culture of high performing employees across geographies and ensure employees remain in engaged in the work environment.
• Ensure alignment to the People and Culture standards with regards to all employee-related matters.
• Work together with People and Culture to identify skill gaps in the teams and provides opportunities for employees to upskill themselves.
• Set the example and leads the team in line with the Groups leadership identity, core values and People Promise.

Client

• Collaborate with Segments, Client Solutions and Corporate Functions at SA level to ensure that conduct requirements are executed on in a client friendly manner.
• Ensure a first line of defence risk management framework is achieved which ensures client experience and profitability measures are met.

Financial Management

• Monitor costs related to the utilisation of resources required (e.g., external service providers) to meet regulatory requirements.
• Contribute to market share growth by providing input and driving this in a regulatory manner.

Data

• Provide monthly reporting on execution against supervision requirements in order to keep business heads up to date with progress towards meeting regulations (e.g., GOVCO and RCC submissions).
• Provide all MIS to relevant stakeholders to ensure oversight over the execution of supervision regulations are maintained by Key Individuals.

Risk, Regulatory, Prudential & Compliance

• Develop and implement a supervision framework to ensure that representatives who are not fit and proper are supervised as outlined in regulations.
• Ensure execution against supervision framework by allocated portfolio to ensure compliance with regulations.
• Retain oversight of supervision activities to ensure proper execution and compliance with regulations
• Ensure oversight against the execution of supervision activities performed by others (e.g. team leaders, managers, and external parties).
• Manage the record keeping requirements and capturing of supervision activities in the Fit and Proper Management system.
• Manage the implementation and effective tracking of supervision requirements and report on this to Heads, Key Individuals and the Head, Execution, Market Conduct.
• Establish and implement a first line of defense function which will monitor adherence to supervision regulations and where breaches have been identified, remedial actions are put in place, executed on and monitored.
• Act as the SME for FAIS supervision related matters at all forums.
• Keep abreast of all conduct related regulations, e.g., such as FAIS that need to be adhered to and implements strategies to ensure adoption of the legislation across the value chain.
• Interpret regulation (new and /or amendments) to operationalise it across the value chain by acting as integrator between specialists (e.g. Group Financial Sector Conduct Regulations) and business within the allocated portfolio.
• Monitor adherence to all supervision related requirements and takes corrective action where breaches have been identified.
• Contribute to the scoping of regulatory requirements and takes accountability for the end- to- end implementation and sustainability thereof.

Qualifications and experience:

• Degree in Business/Commerce or related field
• Regulatory Exam for REPS, Regulatory Exam for KI, relevant FAIS qualifications and relevant training for banking and insurance.
• 5 -7 years experience with Consumer & High Net Worth clients