Compliance Manager

COMPLIANCE MANAGER

 The firm wishes to employ a compliance practitioner with specialist knowledge to oversee and manage the various compliance requirements impacting the firm’s operations.

  AREAS OF RESPONSIBILITIES

1. Overall compliance management (regulatory obligation and control identification, classification, and risk assessment)
2. Privacy and data protection (POPIA and GDPR).
3. FICA
4. B-BBEE
5. Anti-corruption
6. Client Compliance Fulfilment

DUTIES AND RESPONSIBILITIES

1. Manage the compliance framework

        a) Keep the Regulatory Universe of the Firm up to date

        b) Implement and update the relevant compliance policies and procedures

        c) Address the relevant regulatory obligations and update the compliance risk management plans

        d) Perform compliance audits

        e) Report to the management of the firm and relevant committees on the compliance status of the firm

        f) Create and provide relevant training

2. Secure knowledge

    a) Keep abreast of all developments in areas of responsibility (applicable laws, regulatory requirements, etc)

    b) Attend relevant courses.

    c) Interrogate client requirements

    d) Engage with external advisors

    e) Engage with internal committees

    f) Understand and champion the firm’s obligations in each of the areas of responsibility

    g) Be the point of contact for policy and operational guidance related to the areas of responsibility

3. Transfer knowledge

    a) Document knowledge and maintain in an electronic filing structure enabling logical identification and access.

    b) Transfer knowledge to internal committees

    c) Facilitate the training of internal staff

        i) Set training objectives

        ii) Manage the sourcing of training material

        iii) Monitor training completion and feedback

        iv) Report training performance.

    d) Manage training of external stakeholders when necessary

4. Manage enablement

    a) Motivate and agree periodic objectives per area of responsibility

    b) Draft and maintain firm policies in consultation with internal committees

    c) Draft operational guidelines where necessary

    d) Communicate changes to all stakeholders

    e) Manage the process of securing and implementing training material

    f) Monitor adoption of policies and guidelines

    g) Engage with internal committees on enablement and adoption

    h) Identify and implement remedial actions

5. For FICA specifically

    a) Draft and implement the firm’s RMCP, Risk Assessments and processes.

    b) Manage all AML monitoring and reporting.

    c) Manage the KYC operations from a compliance perspective.

    d) Be the registered AMLO with the FIC.

6. For B-BBEE specifically

    a) Manage the process of routinely updating the score monitoring application to provide a quarterly indicative scorecard

    b) Define and motivate periodic B-BBEE objectives

    c) Report indicative performance and available options to internal committee

    d) Take responsibility for B-BBEE audits including, arranging, compiling evidence file and audit execution

7. For Client Compliance Fulfilment specifically

    a) Be the point of contact for the firm’s responses to client questionnaires

    b) Secure appropriate responses to questions requiring specialist input as necessary

    c) Maintain a database of all client questionnaires including standard responses to routine questions

POSITIONS REQUIREMENTS

 Formal education

• Related undergraduate degree – Law, Finance or risk

  Knowledge and experience

• Minimum of five years work experience.
• In-depth knowledge of at least one of the areas of responsibility.
• Experience in interpreting regulatory requirements and converting these to understandable and actionable requirements
• Demonstrated leadership skills, project management experience and delegation skills whilst working with diverse stakeholders on varied projects.
• Experience in developing and communicating training and awareness material

Personal attributes

• Ability to perform duties in a self-motivated and independent manner.
• Strong leadership skills
• Conflict resolution skills and ability to assert oneself in challenging situations.
• Strong oral and interpersonal communication skills
• Outstanding writing and communication skills
• Ability to communicate complex issues in simple and user-friendly language
• Ability to identify gaps in personal knowledge and willingness to pursue training in those areas
• Ability to balance the roles of trusted advisor and internal policing
• Fluent in English
• Have a high attention to detail
• Ability to prioritise tasks in a high-pressure environment