Manager Regulatory Compliance



Head Office

Job Purpose

The Manager Regulatory Compliance will essentially;
  • Assist the Compliance function with the coordination, facilitation and management of Compliance Risk for the Bank through the development and implementation of a Compliance Framework and Compliance policy.
  • Provide oversight and advisory guidance on Compliance framework and related matters.
  • Provide advice to minimise regulatory; reputational and Compliance risk and endeavour to avert potential litigations/ penalties through the proactive management of Compliance Breaches and Regulatory matters.
  • Consult on and advise the business areas regarding relevant domestic and international legislation; compliance and governance to ensure abidance to relevant codes; regulations and rules thereby minimising risk to and protecting the reputation of Bank One.
  • Monitor and provide assurance on the adherence to compliance practices in the frontline business to ensure compliance risks are managed and reported across Bank One.
  • Support the business on regulatory change projects as it relates to Compliance.
Job Responsibilities:
  • Advise business on best practice for compliance by ensuring the business is educated on the compliance culture and by creating awareness around compliance implication of daily duties.
  • Ensure compliance standards are met and risks are mitigated. Identify, define and agree on the regulatory universe applicable for each relevant Business Unit, mitigating risks.
  • Conduct compliance risk and control assessments (CRA's).
  • Compile Compliance reports;
  • Test whether the business control is effective and adequate and ensure that business policies contain the right content addressing legislative requirements.
  • Engage with stakeholders on findings of compliance risk and control assessments.
  • Ensure that compliance risk is adequately addressed.
  • Mitigate risk and applicability to business.
  • Advise business of changes and identify potential impact of these changes on the business.
  • Contribute to a culture of compliance transformation to ensure an appropriate compliance culture is embedded supporting the overall business strategy.
  • Stay abreast of regulatory developments in field of expertise, ensuring personal and professional growth.
  • Influence the enhancement of business processes and methodologies.
  • Enable management to make informed decisions and prevent compliance breaches.
  • Prevent compliance breaches and reputational risk from occurring, which could result in financial penalties through reviewing the adequacy and effectiveness of controls.
  • Ensure that stakeholder relationships are effectively managed.
  • Ensure awareness of business compliance status.
  • Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.
  • Execute the annual Compliance risk-based program.
  Technical Skills:
  • Strong knowledge of the local banking laws and regulatory guidelines.
  • Good analytical & presentation skills.
  • Computer literate with good knowledge of Microsoft Office tools.
 Behavioural Skills/ Competencies:
  • Excellent planning, prioritizing and organizational skills.
  • Ability to work in and as a team and building partnerships.
  • Proactive, dynamic and solution provider with high work standards.
  • Excellent oral and written communication.
  • Decision making and driving for results.
  • Quality orientation and applied learning.
   Qualifications & Experience:
  • Degree in Law/Banking and finance/Accountancy or equivalent
  • 5 -8 years’ experience in Compliance, Risk or Audit related role, preferably in the banking sector.
Please ensure all your personal, academic and professional details are up to date. Any incomplete application will not be considered. Management reserves the right not to make any appointment following this advertisement

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