The Manager for Regulatory Affairs reports directly to the Head of Public Policy and Regulatory. The role is responsible for managing all regulatory and compliance developments and affairs for PSG, ensuring the group's understanding and adherence to relevant financial regulations, laws, and industry guidelines. The position plays a key role in engaging senior management across PSG to ensure that internal processes are aligned with regulatory requirements and advising on regulatory changes that may impact the group's operations and strategy.
Responsibilities
The key responsibilities include:
- Ensuring the Public Policy & Regulatory Affairs team (PPARA) captures and monitors regulatory trends and changes.
- Promptly review and summarise (along with guidance on potential impacts) regulatory developments and distribute them to the affected PSG divisions.
- Collect and submit comments on proposed legislation to the Regulators, Government, or industry associations where appropriate.
- Ensuring implementation plans are created to comply with new legislation and regulations.
- Overseeing that implementation plans are successfully executed by the PSG divisions, including internal controls, processes, and policies ensuring compliance with legal and regulatory standards.
- Collaborate with various functions (i.e. legal, compliance, risk, audit, and operations) to develop internal policies and procedures in line with regulatory requirements.
- Work closely with the Risk and Compliance teams to identify and assess regulatory risks.
- Provide strategic advice to senior management on regulatory changes, risks, and opportunities.
- Write articles on matters pertaining to regulatory affairs on an ad hoc basis.
- Perform ad hoc research into specific matters regarding regulatory and policy matters.
- Represent PSG on industry bodies, committees, and forums, as required by the Head: PPARA from time to time.
- Mentor and develop the regulatory team by providing guidance, coaching, and support to ensure they remain well-informed and equipped to manage regulatory affairs.
Competencies
- Policy, Product, Industry & Systems knowledge (in-depth understanding of South African financial and non-financial regulations impacting FSPs).
- Analytical (able to interpret complex regulatory texts and analyse implications for PSG).
- Communication/presentation skills (excellent verbal and written ability to present regulatory changes and their impact to senior management and different departments and to write articles).
- Interpersonal/negotiating/influencing skills (strong ability to build and maintain relationships with internal stakeholders and external regulatory bodies).
- Attention to detail (high attention to detail, particularly in ensuring compliance with all regulatory and reporting requirements).
- Solutions/results driven (able to assess risks and regulatory challenges and develop practical, strategic solutions).
- Proactive and forward-thinking (anticipate regulatory changes and their impact on the business, preparing the organisation for future challenges).
Minimum requirements:
- 7+ years’ financial services experience.
- B.Com LLB degree.
- Admitted attorney and Certified Financial Planner (CFP) is advantageous.
- Excellent Microsoft Office knowledge.
How to apply:
Candidates interested must apply on Indeed by no later than 30 September 2024.
By submitting your application, you are giving PSG Financial Services implicit consent to the storage and processing of your personal information. If you are not contacted within 2 weeks of your application, please accept that your application was unsuccessful.
Job Type: Full-time
Experience:
- Financial services: 7 years (Required)
License/Certification:
- LLB BCom Degree (Required)
- Admitted attorney / CFP registration (Preferred)
Location:
- Midrand, Gauteng (Preferred)
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