Chief Compliance Officer

SUMMARY:
Ensuring that operations are effective in identifying, managing and mitigating Regulatory Compliance and Financial Crime and Fraud risks.

POSITION INFO:

The Chief Compliance Officer is the senior executive accountable for the Compliance function as a Second line of defence function, responsible for reviewing and challenging the activities of the Group''s businesses to ensure that they effectively manage as "Risk Owners" the Regulatory and Financial Crime Compliance risks inherent in or arising from the conduct of their activities and for which they are responsible.

Client Details

Our client is a multinational investment bank and financial services holding company based in Sandton, Johannesburg

Description

The key responsibilities of the Chief Compliance Officer are to:

Act as the Chief Compliance Officer in relation to Regulatory Compliance and Financial Crime risks.
Articulate the Regulatory Compliance and Financial Crime risks for the Group.
Provide advisory services in order to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products.
Manage the relationship with relevant regulators on behalf of the organisation.
Be responsible for second line governance of Regulatory Compliance and Financial Crime risks exposures, providing analysis, reporting and governance that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure
Assist the senior management, the leadership of the Compliance function, and other colleagues on all material compliance related matters.
Represents the Compliance agenda up to the highest levels of the Group''s governance, including being an attendee (as required) at the Board (and related subcommittees) to report on progress and issues in relation to the operational effectiveness of policies, processes, systems and controls in countering Regulatory Compliance and Financial Crime and Fraud risks.
Lead the Compliance team, establishing guiding principles and strategic operational objectives, owning budgeting and managing costs, headcount and resources to ensure that the teams are fit for purpose and that the delivery of its critical services to the Group is both effective and cost-efficient.

Principal accountabilities:

Oversee the critical Compliance policies and systems that impact the business and ensure that the Group''s exposure to Regulatory Compliance and Financial Crime risks is managed in a commercially sensitive, practical and cost effective manner.
Provide advice and support on Regulatory Compliance and Financial Crime risks to senior management, Compliance and other colleagues.
Membership of Executive Committees.

Reporting to CCO International (functionally) and SA CEO as relevant on Regulatory Compliance and Financial Crime matters.
Ensure that senior management are appropriately advised of all material Compliance related matters
Manage and foster a strong relationship with all relevant regulators in relation to the activities of the organisation and ensure timely disclosure of relevant information, in relation to financial crime, and regulatory compliance related matters.
Ensure that positive relationships are maintained with other external stakeholders relevant to the Compliance agenda.

Provide leadership to and develop the Compliance Function liaising closely with functional reports and (where relevant) with local line managers. The role holder will have functional responsibility for the management of all Compliance FTE
Maintain and develop positive and professional working relationships with senior business managers and Compliance colleagues at the Group level and those in other Regions and Businesses.
Create an environment for the delivery of consistent performance measurement, training, career management and succession planning across the business Compliance capability.
Establish a strategy for the sharing of Regulatory Compliance and Financial Crime related compliance knowledge and best practice across the business and the wider Compliance Function and Group.

Create a framework for the effective risk-based monitoring of the implementation of Regulatory Compliance and Financial Crime risks related policies and controls
Agree and oversee the implementation, embedding and monitoring of the adherence to the Compliance FIM
Monitor and assess the resourcing, costs and spend of the Compliance team.

The management of Regulatory Compliance and Financial Crime risks is an integral part of the role profile of the Chief Compliance officer

Profile

Required qualifications and experience include:

• A legal or formal accountancy qualification or professional background in a relevant risk or audit discipline.
• Significant experience as a regulator, or a senior compliance manager across all areas of Compliance risk within a global firm, in the financial services industry.
• Detailed and extensive knowledge of the Group structure, its business and personnel and corporate culture.
• Significant leadership experience and an experienced strategic thinker.
• Excellent communication and interpersonal skills, with experience of dealing with executives at all levels.
• Ability to develop practical, cost effective solutions to complex global issues.

Job Offer

The Cost to Company on offer is in the region of R1.5 mil - R1.8 mil, depending on their preferred candidate and/or in accordance with current market levels.

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