Compliance Manager

Join this prestigious wealth and investment firm as a compliance manager at their Sandton offices.

The Compliance Manager is responsible for assisting the Head: Compliance with the compliance landscape of the company. 

This includes supporting the Head: Compliance in the execution of compliance management strategies, plans and programmes.

The following key outputs form part of this role:

• Assisting the Head: Compliance to develop and implement internal controls, processes and procedures to mitigate risks and ensure compliance with legislation.
• Planning and implementing various assurance reviews (testing and monitoring) in line with business priorities and aligned to the Group combined assurance plans.
• Managing regulatory compliance submissions and reporting that is required by AML, POPIA, CISCA and Insurance Act.
• Providing advice to the business on compliance related matters. The role is part of the First Line Compliance team for the Consulting platform.

Competencies

- Teamwork and collaboration.

- Ability to communicate across multiple levels.

- Motivating and aligning people to common goals.

- Practical execution management (planning, organizing and monitoring).

- Purposeful collaboration.

• Business acumen.
• Strong analytical skills and an eye for detail to be able to work through data and information to draw conclusions as to the impact of various changes on the risk and control environment.
• Good numerical skills to be able to communicate and work with various stakeholders and role players with respect to compliance management.
• Good communication and presentation skills to be able to communicate ideas and findings as well as to challenge management on compliance risks and mitigation. Good presentation skills for stakeholder reporting (management, committees, clients, etc) and for training of management and staff.
• Financially astute: conversant with basic accounting systems and principles.
• Excellent interpersonal skills: proven ability to communicate effectively and work well with a vast range of individuals across varying cultures, ethnicity, orientation and background.
• Critical thinker with strong analytical skills, tenacious, concise and probing.
• Self-assured and confident with a keen sense of self awareness.
• Holistic/big picture thinking (including forward thinking).
• Strong problem-solving capabilities.
• The ability to find innovative solutions to complex and often unusual challenges.

Key performance areas

• Identifying regulatory risks and assessing compliance management practices throughout the platform.
• Ensure company-wide commonality with respect to compliance risk management principles and methodologies.
• Design and implement standards, policies and procedures for compliance risk management that are in line with global best practice.
• Support, guide and educate the business and GRC Specialists on compliance related matters.
• Assist management to develop compliance related controls as we as plans to mitigate regulatory risks across the platform.
• Development of reports, setting of reporting standards to provide accurate pertinent compliance reports.
• Provide guidelines for dealing with and escalation of compliance breaches.
• Assist the business in resolving (remedial action) compliance breaches to legislative requirements.
• To ensure that all the statutory reporting requirements are done on a timely basis as required in terms of the applicable legislation and/or approvals obtained.
• To identify all amendments to legislation, draft legislation and new legislative that impact or could impact the compliance universe.
• Ensure consistent interpretation and implementation of legislative requirements.
• Review and update the monitoring plan to include new high risk exposure areas to enable compliance to provide assurance on the implementation of new policies and procedures regarding the new/amended legislation.
• Clarification/interpretation of new/amended legislation if required.
• Assist GRC Specialists to respond to regulatory enquiry received, including request for information, fines imposed, and outstanding statutory returns and onsite visits.
• Development of a monitoring plan in consultation with Head Compliance.
• Monitor the effectiveness of controls to mitigate or minimize risks and to detect breaches on a timely basis.
• Advising management on regulatory risks to the business, ensuring management understands the risks as they may affect their mandates, ensuring individuals understand their own accountability for compliance and confirming that management has put in place sufficient controls and mitigation where needed.
• Assisting the Head Compliance in developing and communicating compliance reporting tailored to risk committees, executive committees and for ad hoc activities (e.g. due diligence exercises).
• Assisting in reviewing any new major business initiatives or internal business proposals.
• Research a wide variety of topics and issues including regulatory matters, emerging risks and trends and compliance management best practices and report timeously to relevant stakeholders.
• Responsible for CISCA compliance and all matters relating to CISCA.
• Responsible for Insurance compliance and all matters relating to Insurance.
• Responsible for Privacy compliance and all matters relating to Privacy.
• Responsible for all legislation applicable to the business.
• Make appropriate and timely decisions.
• Solve complex business problems.
• Analyze information and select the best solution from a range of alternative solutions.
• Research a wide variety of topics and issues including regulatory matters, emerging risks and trends and compliance management best practices and report timeously to relevant stakeholders.
• Responsible for CISCA compliance and all matters relating to CISCA.
• Responsible for Insurance compliance and all matters relating to Insurance.
• Responsible for Privacy compliance and all matters relating to Privacy.
• Responsible for all legislation applicable to the business.
• Make appropriate and timely decisions.
• Solve complex business problems.
• Analyze information and select the best solution from a range of alternative solutions.

Requirements

• LLB degree or a similar qualification
• The relevant postgraduate qualification in compliance would be advantageous.
• FAIS Regulatory Examination 1 (RE1) and 3 (RE3).
• 3-5 years related experience (compliance management, risk, auditing, governance and assurance).
• Understanding of the financial services and Investments (CISCA & Insurance) industry essential.

Knowledge and skills

• Stakeholder service orientation and stakeholder focus (internal and external).
• Commercial acumen and understanding of business functions.
• Ability to manage in a dynamic and ambiguous environment.
• Strong emotional intelligence and ability to work under pressure.
• Create a culture of risk awareness and healthy compliance orientation.

- Understanding and navigating the organization.

• In collaboration with Group Compliance:

- Draft, approve and implement compliance management plans and programmes.