Compliance Specialist

Job Description

To monitor processes and related controls in accordance with compliance methodology and minimum standards and provide support to experienced Regulatory Risk and Compliance professionals that require robust regulatory compliance advice and guidance

• Support senior compliance officers with ensuring ongoing compliance within RMB Markets. Assess and report compliance with applicable legislation and regulations, Internal policies and procedures and in particular exchange rules governing trading activities.
• Deliver against operational and cost targets
• Prioritise resource allocation to minimise and reduce wastage
• Monitor costs for the financial year according to the operational plan
• Allocats and approvs expenditure
• Review cost reports and resolves or explains variances to the budget
• Identify, control and escalate potential risks that may lead to increased costs
• Manage costs or expenses within approved budget to achieve cost efficiencies
• Build relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-in
• Engage in cross-functional relationships to obtain and to provide work support
• Implement, monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountability
• Ensure the development, alignment, mapping and implementation of end-to-end processes aligned to the customer journey map
• Research, enable and consult on improvements and opportunities to harness technology and platform enablement
• Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancy
• Monitor customer feedback reports and align processes to maximise efficiencies
• 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
• Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements
• Ensure compliance is adopted in terms of systems and procedures as laid out by organisation and review in response to audit findigns and changes
• Develops an understanding of risks and risk management approaches
• Implement and provide input into the development of governance and compliance procedures and processes within area of specialisation and identify risks
• Educates others and makes suggestions for improvements
• Networks and participates in specialist risk forums where required
• Ensure that the business is educated on the regulatory landscape by creating awareness around compliance implication of daily duties
• Advise business of changes in regulation and identify potential impact of these changes on the business
• Monitor and ensure business committees operate according to required business governance standards through regular engagement
• Provide regulatory support and expertise in the formulation and completion of compliance risk and control assessments (CRA's)
• Ensure that compliance risk is adequately identified and in so doing, guide the business in terms of addressing such risk
• Guide business to ensure that business policies contain the right content addressing legislative requirements thereby working toward an effective and adequate control environment
• Influence the enhancement of business processes and methodologies specific to the area
• Support and empower the Group to prevent compliance breaches and reputational risk from occurring, which could result in financial penalties
• Engage with stakeholders on findings of compliance risk and control assessments to ensure action plans adhere to regulatory standards
• Participate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared
• Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies
• Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement
• Assess own performance against competencies and skills required delivery
• Identify development needs and select effective solutions to address own development need
• Prepare a personal development plan with management to implement and review as required
• Monitor own progress against development plan and measure impact of results

Qualifications

Minimum Requirements:

• Diploma in Compliance, Risk Management, or related field.
• Bachelors degree in legal, Compliance or Auditing is an advantage.
• JSE Compliance Officer qualification is an advantage.

Number of years experience

• 3 to 5 years of experience in a Risk Management, Compliance, Regulatory, Audit or similar environment,
• Professional Compliance membership with the Compliance Institute of South Africa (CISA) is an advantage.

Industry Experience

• Banking, specific to Markets related business.

Job Details

Application Closing Date

04/04/24

All appointments will be made in line with FirstRand Groups 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.