Regulatory Risk Manager - Financial Crime

SUMMARY:
Leading Bank seeks to employ a Regulatory Risk Manager with specialisation in AML and Financial Crime to join their team

POSITION INFO:

Provide an independent monitoring service on regulatory risk compliance to ensure the business complies with key regulations and standards and minimise risks.

Responsibilities:

• Cultivate and manage objective working relationships with a variety of stakeholders
• Build and sustain collaborative working relationships with relevant peers and stakeholders in order to achieve productivity synergies.
• Contribute to a culture of customer service excellence, which builds positive relationships and provides opportunities for feedback and exceptional service.
• Comply with governance in terms of legislative and policy requirements.
• Advise on and provide support to stakeholders in relation to the execution of the practice relevant legislation, frameworks, processes, and tools. Providing expert input to committees on compliance-related matters to ensure informed decision making.
• Provides an advisory service and consults with business in order to recommend controls and processes to ensure legislative compliance.
• The development and implementation of compliance-related campaigns in order to create awareness of the importance of compliance as well as providing staff and business with knowledge and skills related to compliance.
• Ensures that emerging legislation and the changes in relevant regulations are appropriately interpreted for impact analysis, internal monitoring plans, working papers, and practices are aligned accordingly tracked.
• Ensure meaningful, timely, concise & comprehensive reporting of monitoring findings and associated regulatory risks to governance committees and relevant stakeholders.
• Performing audit testing and completing documentation of planning, testing, and findings made in line with the Compliance methodology.
• Ongoing monitoring of business compliance to the control frameworks, reporting, and escalation of incidents of non-compliance including follow-up on the implementation of agreed corrective measures. Able to design and implement end-to-end monitoring reviews including scoping, drafting of working papers, conducting fieldwork, management engagement, and reporting.
• Supporting the evidencing and embedding of the Regulatory Risk Management controls into business processes and platforms.
• Facilitation of risk assessment and evaluation of the effectiveness of established controls
• Appropriate review of policies and minimum operating standards for relevance, appropriateness, and effectiveness.
• Plan and manage performance, skills development, succession and talent management, and culture of the team in order to improve performance and competence.
• Continuously assess own performance, seek timely and clear feedback, and request training where appropriate and needed.

Qualifications:

• BComm/LLB or Advanced Diploma.
• At least 3 – 5 years experience in a financial institution.
• At least 3-year risk experience or related (e.g., Audit)

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