Compliance Manager - Bidvest Bank - South Africa

We are looking for a diligent Compliance Manager that will perform on-going pro-active compliance risk management activities and advisory services as part of the Bank's Compliance Function (2nd Line of Defense), as per Generally Accepted Compliance Practice (3 Lines of Defense Model), in order to contribute towards maintaining a compliance culture within the Bank, improving the maturity of the compliance function, and ensuring acceptable levels of compliance to regulatory and policy requirements as per the Bank's legislative risk matrix (derived from the regulatory universe), compliance risk framework, policies and procedures. You will also perform ongoing monitoring, data analysis and reporting on the levels of compliance to legislation, standards and policy requirements as per the Bank's regulatory compliance risk indicators, in order to ensure that compliance risk (regulatory & reputational) to the Bank and its Strategic Alliance Partners is adequately understood and mitigated. Minimum Requirements QUALIFICATIONS - Degree (Audit; Legal: Risk Management). Ideal - LLB Degree - Registered Compliance Officer with the Financial Sector Conduct Authority. - Certified Anti-money Laundering Compliance Officer (ACAMS). - CPrac (SA) Designation from the Compliance Institute, Southern Africa. EXPERIENCE - 3 years regulatory compliance experience in a financial services sector. - Exposure to GACP (Compliance risk management methodology and specifically to compliance monitoring and reporting) Ideal - 5 years regulatory compliance experience in a bank, specifically in Retail and Business Banking, Merchant Banking, Trade Finance, Asset Finance and Foreign Exchange. Duties and Responsibilities include but not limited to: Regulatory Risk Profiling - Advise on Compliance KRI's (Administrative sanctions like fines; regulator interactions; and developments within industry governance structures (Changes in supervisory approach; international best practice, trending issues etc.). - Prepare and maintain a Legislative Risk Matrix (informed by the Regulatory Universe) in order to profile compliance risk relating to each business unit/department. - Stay abreast of and advise on relevant regulatory changes (Existing and new legislation). Compliance Risk Management - Develop and maintain comprehensive Compliance Risk Management Plans (CRMP's) for higher-risk legislation (Requirements, inherent risk ratings; internal controls). - Provide and document input relating to internal control design and implementation (Policies; Business Process Flows; Operational Procedure Manuals; Systems User Manuals; Training Manuals & Records Management). - Maintain and automate CRMP's for business units/departments (Regulatory& Organisational change). Compliance Monitoring - Prepare, implement and maintain a risk-based 2nd LOD Compliance Monitoring Program relating to relevant business units/departments & strategic partners, as part of the annual Compliance Coverage Plan. - Conduct legislation-based monitoring of the levels of compliance in accordance with the Compliance Coverage Plan (Business unit/departments & strategicpartners). Compliance Reviews - Conduct theme-based business unit/departmental/strategic partner compliance reviews. - Conduct management surveys as an additional measure to encourage managerial control. - Provide input relating to new products and distribution channels, as well as review and sign-off on new products/initiatives. - Perform due diligence exercises when required (i.e. related party on- boarding practices). - Review reports submitted by other stakeholders to governance forums and structures. - Review process flows & procedure manuals, forms, checklists, governance and legal documentation (i.e. Terms & Conditions). Data Analysis - Analyse compliance monitoring and review processes and output, considering the organisational culture, relevant internal audit reports; risk and control self-assessments; regulatory inspection findings etc. in order to ensure data integrity, prevent re-occurrence of non-compliance and identify trends. - Identify Key Risk Indicators (KRIs) for specific regulatory requirements (non-compliance event triggers & breach thresholds), including underlying rationale. - Project Management & Administration - Log and track progress on the database until resolved; and follow-up on open findings and corrective actions to be taken by relevant stakeholders to remediate non-compliance issues, risks and trends. - Manage/conduct regulatory change implementation projects. - Manage/conduct regulatory change impact assessments. - Manage Reg Tech projects. Record Keeping - Classify and store records properly in required manner and form (paper and electronic) for required periods. - Maintain a due diligence database of legal interpretations relatingto compliance requirements. Compliance Training - Manage the implementation and delivery of compliance training as per the Training Program for business unit/departmental & strategic partner staff. - Physically train staff in a class-room format; and do proficiency assessments. Advisory Services - Approve advertising & marketing material in order to ensure adequacy of disclosures and compliance with marketing and advertising requirements. - Prepare compliance training material/modules for business units/departments (on-line and face to face) (induction, customized & refresher training). - Provide guidance to business units/departments on the specific provisions of applicable existing legislation and standards; and of relevant new regulatory requirements. - Promote a compliance culture within the bank. Relationship Management - Maintain stakeholder relationships with other co-assurance functions (e.g. Operational Risk, AML/CFT; and Internal Audit) and Subject Matter Experts/Compliance Specialists Maintain sound relationships with business unit/department heads and staff, as well as Strategic Alliance Partners. Maintain relationships with assigned regulatory bodies, respond to enquiries by regulators/supervisory bodies and assist with regulatory reviews and inspections by regulators. Knowledge, Skills and Abilities Required - Ability to liaise professionally with senior management and staff at all levels; and in governance structures/committees (Effective communicator). - Generally Accepted Compliance Practice (GACP, 2018) and/or ISO 19600, specifically compliance risk profiling; risk rating methodology; risk mitigation & management (CRMP's); monitoring & reporting. Ideal - Knowledge of the following groups of legislation - Regulation of Financial Services Sector - Market Conduct - Financial Crime - Data Privacy - Taxation - Common Reporting Standard (Automatic Exchange of Information). - Governance - Financial Sector Charter This position is advertised in line with our commitment to Employment Equity. Apply Now

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Compliance Manager - South Africa

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