Regulatory Compliance Manager

SUMMARY:

 

Are you a seasoned regulatory compliance expert with a passion for navigating the intricacies of the banking world? If you're ready to take the lead in ensuring our compliance with a complex web of banking regulations, we want to hear from you! Our client is seeking an exceptional Regulatory Compliance Manager to join their dynam...

POSITION INFO:

 

Are you a seasoned regulatory compliance expert with a passion for navigating the intricacies of the banking world? If you're ready to take the lead in ensuring our compliance with a complex web of banking regulations, we want to hear from you! Our client is seeking an exceptional Regulatory Compliance Manager to join their dynamic team.

• Compliance Expertise: Leverage your experience in compliance and regulatory positions in the banking industry to provide expert guidance and ensure our adherence to a multitude of banking regulations.
• Regulatory Knowledge: Demonstrate your in-depth understanding of key legislations such as the FIC Act, POPI, FAIS, GDPR, EXCON Regulations, Conduct Standards, and other applicable laws that impact banks.
• Policy and Procedure Management: Take charge of updating Policy Procedure Manuals in response to regulatory and operational changes, ensuring we remain in compliance with the latest requirements.
• Training and Development: Conduct compliance training, keeping our team informed and updated on regulatory changes and policy requirements.
• Compliance Monitoring and Reporting: Play a crucial role in compiling and executing a compliance monitoring plan, as well as preparing reports for review by the Board of Directors.
• Compliance Activity Planning: Contribute to the formulation of an annual Compliance Activity Plan for approval by the Board of Directors, ensuring a proactive approach to compliance management.
• Risk Management: Review the Legislative Risk Matrix annually and provide valuable insights to the Board of Directors.
• Monitoring and Testing: Execute compliance monitoring and testing and provide actionable recommendations and action plans to maintain a high level of compliance.
• Risk Management Plans: Develop and update Compliance Risk Management Plans to proactively address potential compliance issues.
• Global Compliance Reporting: Assist in the submission of FATCA and CRS reports to the SARS and ensure compliance with new reporting requirements.
• KYC and Due Diligence Oversight: Manage and oversee the Re-KYC and Enhanced Due Diligence (EDD) processes, ensuring robust customer onboarding practices.
• Reporting Excellence: Prepare and submit all required reports to the Group and Audit Committee on a quarterly basis, demonstrating transparency and accountability.
• Quality Assurance: Regularly review the Compliance Monitor's functioning, quality of commentary, and timeliness of clearing, including conducting investigations and filing reports when necessary.
• Product and Delivery Channel Development: Provide guidance on new product and delivery channel development, ensuring they align with compliance standards.
• Regulatory Reporting: Assist in filing regulatory reports to the respective regulators, keeping us in good standing with all regulatory bodies.

• LLB qualification or similar, complemented by additional compliance-related courses/qualifications.
• 5-7 years' experience in compliance and regulatory positions in a bank.
• An in-depth knowledge of banking regulations, including the FIC Act, POPI, FAIS, GDPR, EXCON Regulations, Conduct Standards, and more.
• Exceptional communication skills and the ability to guide and advise business and management on compliance requirements.
• Strong analytical and problem-solving skills, with a keen eye for detail.
• A passion for maintaining the highest standards of compliance within the banking industry.