Risk and Compliance Manager

SUMMARY:
• Assist the Head: Company Secretarial, Risk and Compliance with the implementation of all aspects of the risk function, including implementation of risk management processes and tools to identify, assess, measure, manage, monitor and report risks on a regular basis.

POSITION INFO:

• Ensure compliance to all relevant Statutory requirements and the impact on the Company.
• Ensure that the Company complies with the necessary compliance requirements from Momentum Group.
• Ensure that the Company remains compliant and up to date with legislated changes and industry specific changes to the compliance requirements applicable to The company .
• Report on risk and compliance matters to the Head: Company Secretarial, Risk and Compliance and to the The company  Risk and Compliance Committee as well as the The company  Audit Committee.
• Assist the Head: Company Secretarial, Risk and Compliance with specific company reporting obligations to Momentum Group and regulatory bodies as and when required.

Primary Duties and Responsibilities

Job Requirements:

• Review and update the The company  Regulatory Universe on a continuous basis and inform the affected Executive Heads/Heads about any changes in applicable statutory, regulatory and other standards.
• Determining and performing internal Compliance Reviews and coordinating compliance monitoring activities to ensure that the Company is in compliance with applicable statutory, regulatory and other standards. Compliance Reviews.
• Ensure that quarterly reporting of Compliance Review and Monitoring results are documented in the Risk and Compliance Management Status Report and presented to the The company  Risk and Compliance Committee and The company  Audit Committee.
• Ensure that Compliance Reporting to Momentum Group Compliance is done on a quarterly basis.
• Responsible for the Company’s Divisional Risk Registers and ensuring that:
  • On a continuous basis, any potential and actual major and critical risk issues are identified and reported to the Head: Company Secretarial, Risk and Compliance.
  • The Risk Registers are assessed together with the respective Executive Heads/Heads on a quarterly basis to ensure that all risks reported on are current and whether the ratings of the risks are still accurate and appropriate.
  • All deficiencies noted are raised with the Head: Company Secretarial, Risk and Compliance.
  • Quarterly Reporting of Risk Register Assessment results are documented in the Risk and Compliance Management Status Report and presented to the The company  Risk and Compliance Committee and The company  Audit Committee.
  • Any Investor-related Risk Management activities and reporting are performed and reported on at the Investor-related Committees.

 • Responsible for the Companies’ Annual Combined Assurance Plan and ensuring that:

• The Assurance Model is regularly updated with any gaps which are identified and to be reported to the Head: Company Secretarial, Risk and Compliance.
• The development of the Annual Combined Assurance Plan includes liaison with the Company’s Internal and External Auditors (and any other Assurance Providers).
• The Assurance Plan is complete, and its information fairly represents the Company’s status.
• The Combined Assurance Plan is presented to the The company  Risk and Compliance Committee and The company  Audit Committee for annual approval.
  • Perform the annual Internal Financial Controls Testing in line with Momentum Group methodology and report results to Momentum Group and the The company  Audit Committee.
  • Develop entity-wide policies and procedures as and when required and perform an annual review of all entity-wide policies for approval
  • Coordinate and liaise with Internal and External Auditors.
  • Work closely with Internal Audit and the various Divisions to ensure that any issues identified by Internal Audit are adequately addressed by management.
  • Ensure that Cash Transaction Reporting is monitored on a daily basis and required cash transactions are reported as and when required in accordance with the FIC Act.
  • Prepare and submit a monthly report to the Regional Heads detailing all cash transactions that were reported to the FIC.
  • Provide support to the various Divisions regarding the performance of the Client Due Diligence process.
  • Perform Client Due Diligence WorldCheck Screening as and when requested by the various Divisions. • Report all bank accounts opened / closed to Momentum Group as and when they occur.
  • Prepare a quarterly Reconciliation Report of all bank accounts opened and closed during the quarter and report it to Momentum Group.
  • Ensure that the annual Feedback Reports to SARB are drafted in a timely manner.
  • Develop the Annual Training Plan in consultation with the Head: IT and Compliance and Head: Human Capital and present it to the The company  Risk and Compliance Committee for approval.
  • Develop training pertaining to Risk and Compliance related entity-wide policies in line with the Annual Training Plan for review by the Head: Company Secretarial, Risk and Compliance.
  • Upload and launch approved training on the Company Training Platform.
  • Monitor compliance with the Annual Training Plan and report progress on a quarterly basis to the The company  Risk and Compliance Committee.
  • Perform miscellaneous job-related duties as assigned.
  • Report to the Regulatory Bodies as and when required.
  • Provide guidance and support to the various divisions on risk and compliance related matters.

Important Charactthe company tics

• Very strong communication skills.
• Detailed orientated.
• Strong report writing skills.
• Innovative thinking and ability to follow process.
• Dynamic and enthusiastic.
• The ability to interact professionally with individuals at all levels of staff.
• Ability to make decisions.
• Competent time management skills.
• Professional attitude and capability and personal initiative.
• Ability to work independently.
• Strong financial / financial reporting background.

Skills Essential to the Role – Technical

• B.Com (Hons) Internal Auditing / Risk Management equivalent degree with at least 5 years’ experience directly related to the duties and responsibilities specified.
• Certified Internal Auditor (CIA) would be an advantage.
• Understanding and experience of the Property Management business and Property Development business will be an advantage.
• Experience in conducting risk assessments, including combined assurance processes and methodologies, as well as risk reporting.
• Strong interpersonal communication skills and the ability to work effectively with a wide range of constituencies in a diverse community.
• Skill in formulating policy and developing and implementing new strategies and procedures.
• Advanced analytical and critical thinking skills.
• Ability to understand and interpret contributions from various standpoints.
• Ability to develop, plan, and implement short- and long-term goals.
• Ability to foster a cooperative work environment.
• Ability to gather and analyse statistical data and generate reports.
• Ability to maintain confidentiality of records and information.
• Program planning, development, implementation, and leadership skills.
• Advanced verbal and written communication skills and the ability to present effectively to small and large groups.
• Ability to provide technical guidance and leadership to professional personnel in area of expertise.
• Ability to make administrative and procedural decisions and judgments on sensitive, confidential issues.
• Knowledge of internal and external audit processes and procedures.
• Ability to use independent judgment and to manage and impart confidential information.
• Strong understanding of business risk management and business continuity management.

Skills Essential to the Position – Business

• Complete self-motivation and self-starting capabilities.
• Exceptional business and people skills.
• Total reliability and excellent time management and ability to meet deadlines.

• The highest level of client and business confidentiality at all times.
• Ability to ensure that the standards, disciplines and procedures of the Company are strictly maintained.
• Ability to obtain support and buy-in from management.
• Results focused.
• Ability to lead people and a level of business maturity commensurate with that of a professional person.
• Ability to communicate confidently at meetings and with all levels within the Company.

 Skills Essential to the Position – Human Relations

• Transparent honesty.
• Reliability and a self-starter.
• Positive attitude and highly motivated
• Lead by example.
• Assertive and effective communication.
• Be receptive and open-minded.
• Ability to create a professional office environment
• Organisation and planning skills.
• Creative problem solver.

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