Compliance and Monitoring Manager – Standard Bank

Job Purpose

The purpose of the job is to:

• Provide input to the bank’s regulatory universe as well as the maintenance therefore with consideration to changes in legislation, Business Unit focus, objectives and control environment.
• Provide input into and facilitate the completion of CRMP’s.
• Engage with business, in consultation with the Compliance Manager/ Head of Compliance, regarding the adequacy of controls included in CRMPs by business.
• Compile an annual monitoring plan in consultation with Business and Compliance Manager/ Head of Compliance, track progress and report changes in the plan to the relevant governance forums.
• Co-ordinate planning with the Compliance Manager/ Head of Compliance and other assurance providers to ensure efficient coverage of compliance risk.
• Execute on the compliance monitoring plan inclusive of the progress tracking thereof in line with the ROA Compliance Methodology.

 

Key Responsibilities/Accountabilities

Key responsibilities for the role are as follows:

• Utilise established mechanisms for reporting and resolving non-compliance with regulatory requirements
• Report material compliance related matters to the Compliance Manager/ Head of Compliance.
• Complete monthly and quarterly compliance reports as may be required by the various Business Unit governance structures.
• Promote on an on-going basis, the Compliance Function, to ensure that a culture of compliance is established in the Business Unit.
• Develop and build relationships with key stakeholders.
• Contribute to and facilitate Compliance training and awareness initiatives, with due regard to high risk areas identified and non-compliance emanating from monitoring reviews.

 

Preferred Qualification and Experience

Preferred qualifications are as follows:

• LLB
• Degree in Business
• 3-4 years experience

Knowledge/Technical Skills/Expertise

Technical Knowledge required is as follows:

• Build and maintain effective relations with all relevant stakeholders within the bank through formal and informal interactions – with the objective of adding value.
• Maintain professionalism in all verbal and written communication with stakeholders.
• Understand the business to effectively identify and manage the risk areas from a monitoring perspective.
• Audit Background would be an added advantage

 

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