Compliance Manager

SUMMARY:
JOB PURPOSE: 

To provide advice, guidance, oversight and ensuring adherence to the legislative framework within which NSFAS operates, including Anti-money Laundering (AML) Risk and Market Conduct Risk

POSITION INFO:
EDUCATION,SKILLS,EXPERIENCE

Minimum requirements:

• NQF Level 7 degree in an Accounting, Audit, Risk,Forensics, Legal or other related qualification
• Computer literacy–Intermediate MS Package Suite
• Driver’s License
• Registration with the Compliance Institute of South Africa or related regulatory body
• 5 years’ experience managing compliance risk in a public sector environment or similar institution, with 3 years experience in managing people or in supervisory role.
• Working experience of the PFMA, as well as public sector procurement regulations.
• Working experience of Protection of Personal Information Act (POPIA), and Promotion to Accessof Information Act (PAIA) and related legislation as well as market conduct risk.
• Working experience of  Financial  Advisory  and Intermediary  Services  Act  (FAIS  Act),  Financial Intelligence Centre Act (FICA) and related legislation.
• Working experience of  AML  and  Combatting  Financing  of  Terrorism  (CFT)  regulations  and  the ability to apply them effectively.
• Stakeholder management experience
• Report writing experience

• NQF Level 8 LLM
• Admitted Attorney/Advocate
• Computer literacy–Advanced MS Package Suite
• 8 years’ experience in similar role
• Working knowledge of the NSFAS Act

• Analytical thinking
• Critical thinking skills
• Verbal and written communication skills
• Interpersonal skills
• Judgement skills
• Decision-making skills
• Networking skills
• Integrity
• Leadership skills
• Commercial acumen
• Self-driven
• Sense of urgency in deliverables

• Develops compliance related policies and implement their interpretations, procedures, and processes.
• Support and advise the organisation on the establishment, implementation and monitoring of compliance risks
• Communicates the organisation’s compliance standards, policies, and regulations.

• Understands the legislative mandate of NSFAS
• Contributes to the compliance culture and conducts compliance awareness within NSFAS
• Adheres to a risk based approach in compliance risk management with experience in developing and implementing compliance frameworks, policies, etc.
• Conducts risk identification, categorization, assessment, management, monitoring and reporting
• Completes and maintains Compliance Risk Management Plans (CRMPs)
• Keeps abreast and monitors development in legislation and emerging legislation,  conducts gap analysis in respect thereof and advises business timely of possible changes to ensure business readiness
• Ensures that appropriate corrective actions are taken to remediate compliance related findings
• Conducts compliance monitoring, investigations and remediations of non- compliant actions
• Manages the administration of confidential reporting systems or helplines for employees, customers, contractors and other stakeholders to disclose violations of the organisation’s compliance standards, laws and policies without fear of prejudice
• Supports the development and implementation of the NSFAS compliance programme
• Updates and maintain corporate compliance related policies to ensure they are properly communicated and respected
• Coordinates the development and continuous improvement for management through governance processes, policies, systems, and key compliance controls
• Oversees the conflict of interest registry and third-party vetting processes
• Monitors compliance with key controls  of the compliance  program regarding maintaining of key metrics, and monitoring compliance with procedures and processes
• Supports AML and CFT risk assessment activities and ongoing risk reviews
• Coordinates and   roll-out   compliance  change  management   strategies   and   communications  initiative
• Coordinates the development, implementation and tracking of compliance training initiatives, including anti-corruption, market conduct and fair competition training
• Support with the planning and conducting of internal investigations
• Support activities that  mitigate  third  party  risk,  including  reviewing  and  updating  the  third-party due diligence policy and process
• Conducting due diligence reviews on third parties and monitoring and reporting due diligence activities
• Conduct project-specific integrity reviews and provide risk-based recommendations/advice to the business on project risk
• Review, edit and lead the creation of high quality technical and professional deliverables, program documents and reports
• Ensures the implementation, monitoring and updating of POPIA plans and procedures as well as the PAIA manual
• Provides compliance related advice (risks, controls, early detection)
• Conducts periodic reviews of the CRMP to ensure relevance and alignment with evolving legislation and organisational priorities
• Maintain an up-to-date compliance risk register that aligns with the origination’s risk register

• Manages and participation in the recruitment and selection of unit vacancies in line with EE targets.
• Delegates tasks to subordinates for implementation.
• Manages the subunit to achieve agreed programmes.
• Directs, inspires, coaches and mentor subordinates to deliver quality programmes in line with NSFAS Values.

• Builds and maintain relationships with internal stakeholders to identify,  manage and  report on compliance risks
• Collaborates with external stakeholders to enable compliance programmes
• Manages the service  level  agreement  between  the  organisation  and  external  providers,  where applicable

• Manages multiple tasks and priorities without compromising on quality of work
• Oversight of projects to address identified compliance needs
• Analyses and interprets project reports on completion of the project to evaluate return on investment and to inform decision making in future

• Manages expenditure in line with budget for all compliance related projects
• Monitors spend aligned to approved budget

• Manages the  compliance plan  and  the  processes  that  support  the  implementation  of key risk  controls and established compliance risk mitigation processes
• Conducts monitoring reviews in line with the compliance monitoring plan
• Identifies risks and mitigate them in line with the compliance risk register

• Provides training and guidance to staff on all ranges of compliance issues.
• Collaborates with line manager and ICT to build systems that enable the management of dataobtained from different sources
• Collaborate with stakeholders to use their experience, education and understanding to obtain knowledge from this information

• Prepare and submit regular relevant, forward-thinking compliance reports and compliance monitoring review reports (awareness and monitoring) to senior management for purposes of reporting to the Audit and Risk Committee and relevant oversight bodies.
• Develops and maintains compliance risk registers and drives management to act on risks identified
• Monitor implementation of audit and compliance findings and corrective action plans.
• Track compliance KPIs and maintain dashboards for reporting purposes.