Compliance Manager (Foreign Exchange)
Job Description
To ensure there is implementation of the Group’s compliance frameworks and programs in consultation with business to ensure conformance and adherence with regulations.
Ensure adherence of organization policies and procedures, especially regulatory and ethical standards.
Are you someone who can:
- Responsible for the control of Currency and Exchange Rules and Regulations and other regulatory requirements that may be relevant i.e. Anti-Money Laundering & Data Privacy within the Foreign Exchange Product House
- Managing key stakeholder relationships with various business areas across the value chain
- Review existing processes and regulatory requirement and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimize redundancy
- Monitor business/operational reports and align processes to maximize regulatory efficiencies
- Analyse and interpret regulation and legislation and using a risk-based approach. Identification and risk rating of applicable laws and regulations for responsible business units
- Development and implementation of compliance/legislative universe for responsible business units
- Development, implementation and management of Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions
- Incident reporting to ensure timeous escalation of compliance risks
- Research and communicate applicable legislative developments to all stakeholders
- Interpret regulatory and legislative requirement and assist business units with practical implementation thereof
- Advise and provide guidance to management on systems, policies, processes and controls implemented to ensure compliance adherence
- Assist with the promotion of a culture of compliance and awareness and actively participating in compliance projects and training initiatives
- Ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability
- Ensure implementation of relevant policies, governance and practice standards across the business
- Perform regulatory control reviews and assist with identification and implementation of controls
You will be an ideal candidate if you:
- Legal Degree and CAMS or Compliance certification (e.g. Compliance Management, CPRAC)
- Any other Compliance certifications
- 8-10 years’ experience in compliance
- Experience within the banking industry
- Preferable: Exchange Control/Payments/Anti-money laundering experience
You will have access to:
- Opportunities to network and collaborate.
- Participate in the growth of the organization’s strategic intent.
- Opportunities to innovate and improve business processes.
We can be a match if you are:
- Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to initiate action.
- Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it through continuous learning.
- Know how to work under pressure, maintain work standards and manage work.
Job Details
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
18/11/24
All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
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