Senior Regulatory Compliance Manager
A position has become available for a Senior Regulatory Compliance Manager based in Durban.
Job Purpose
Provide advice, guidance, recommendations on the adherence of regulatory compliance practices in client facing divisions ensuring compliance regulatory risks are identified, assessed, and reported on for the Group.
Job Responsibilities
- Identify and manage all Regulatory requirements of the Group.
- Manage the completion of all commentary and/or impact assessments requests from various Regulatory Bodies including the Prudential Authority, Financial Intelligence Centre, National Credit Regulator, and Information Regulator.
- Provide expert guidance and recommendations to ensure adherence to multiple laws and regulations regulating the affairs of the Group.
- Demonstrate in-depth understanding of key legislation such as the NCA, FAIS Act, POPIA, FIC, and other applicable laws (including subordinate legislation) that impact the Group.
- Conduct compliance regulatory training, keeping Compliance and all internal stakeholders (1st line) informed and updated on regulatory changes and policy requirements.
- Build and maintain trusted relationships with internal stakeholders by establishing effective partnerships to identify and manage compliance regulatory risks.
- Develop and maintain a clear understanding of the scope and nature of the business conducted by 1st line (business acumen).
- Develop a solid understanding of all high-risk legislation that applies to the Group.
- Keep abreast of all regulatory developments/changes that may potentially impact the Group and engage with all relevant stakeholders on a timely basis to ensure business readiness and ongoing compliance risk management.
- Contribute to the creation of a compliance culture and compliance awareness in the division by becoming a trusted advisor.
- Execute on all Regulatory Compliance projects (end-to-end) within set timelines.
- Provide advice, guidance, and recommendations on whether regulatory compliance requirements are met.
- Ensure accurate and timely reporting on any non-compliance, the management of compliance risks, and the state of compliance in the division.
- Provide advice, guidance, and recommendations to stakeholders on the state of regulatory compliance by reporting on how key risks are being managed, highlighting areas that require immediate attention, and recommending corrective action to stakeholders.
- Present potential compliance regulatory findings to stakeholders through formal engagement. Take an active part in all Regulatory Compliance governance.
- Assist in filing regulatory reports to the respective regulators, keeping the Group in good standing with regulatory bodies.
Qualifications:
- LLB Degree
- Admitted Attorney
- Member of the Compliance Institute of SA
- RE5 Accredited: Advantageous
- 5-7 years’ experience in a regulatory compliance position, 3 of which must have been in a managerial role - preferably in financial services.
Salary market related for a senior position.
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