Compliance Manager (Cape Town)

SUMMARY:
We are recruiting for a Compliance Manager role. The incumbent will be responsible for providing advice, guidance, oversight, and ensuring adherence to the legislative framework of the organisation, including Anti-money Laundering (AML) Risk and Market Conduct Risk. The role is full-time based in Cape Town, Western Cape.

POSITION INFO:
Key responsibilities:

• 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.
• Contributes to the compliance culture and conducts compliance awareness within the organisation.
• 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
• 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 organisation’s compliance programme
• Coordinates the development and continuous improvement for management through governance processes, policies, systems, and key compliance controls
• 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 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
• 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
• Conducts periodic reviews of the CRMP to ensure relevance and alignment with evolving legislation and organizational 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.
• Manages and participates in leading the individual performance contracting and review process for responsible team/s.
• Manages the service level agreement between the organisation and external providers, where applicable
• 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
• Collaborates with line manager and ICT to build systems that enable the management of data obtained from different sources
• 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.
• Monitor implementation of audit and compliance findings and corrective action plans.
• Track compliance KPIs and maintain dashboards for reporting purposes.

• NQF Level 8 degree in an Accounting, Audit, Risk, Forensics, Legal or other related qualification
• Registration with the Compliance Institute of South Africa or related regulatory body
• 8 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 Access of 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.

• 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