Compliance Specialist - JhbFull job descriptionJob DescriptionTo 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 guidanceSupport 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 targetsPrioritise resource allocation to minimise and reduce wastageMonitor costs for the financial year according to the operational planAllocats and approvs expenditureReview cost reports and resolves or explains variances to the budgetIdentify, control and escalate potential risks that may lead to increased costsManage costs or expenses within approved budget to achieve cost efficienciesBuild relationships that allow for the managing of expectations; the sharing of knowledge and diverse insights; and the creation of buy-inEngage in cross-functional relationships to obtain and to provide work supportImplement, monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountabilityEnsure the development, alignment, mapping and implementation of end-to-end processes aligned to the customer journey mapResearch, enable and consult on improvements and opportunities to harness technology and platform enablementReview existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancyMonitor customer feedback reports and align processes to maximise efficienciesEnsure compliance with relevant statutory, legislative, policy and governance requirements in area of accountabilityEnsure implementation of relevant policies, governance and practice standards across the businessMaintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirementsEnsure compliance is adopted in terms of systems and procedures as laid out by organisation and review in response to audit findigns and changesDevelops an understanding of risks and risk management approachesImplement and provide input into the development of governance and compliance procedures and processes within area of specialisation and identify risksEducates others and makes suggestions for improvementsNetworks and participates in specialist risk forums where requiredEnsure that the business is educated on the regulatory landscape by creating awareness around compliance implication of daily dutiesAdvise business of changes in regulation and identify potential impact of these changes on the businessMonitor and ensure business committees operate according to required business governance standards through regular engagementProvide 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 riskGuide business to ensure that business policies contain the right content addressing legislative requirements thereby working toward an effective and adequate control environmentInfluence the enhancement of business processes and methodologies specific to the areaSupport and empower the Group to prevent compliance breaches and reputational risk from occurring, which could result in financial penaltiesEngage with stakeholders on findings of compliance risk and control assessments to ensure action plans adhere to regulatory standardsParticipate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively sharedBuild and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergiesParticipate in specialist communities of practice and contribute positively to own and organisational knowledge improvementAssess own performance against competencies and skills required deliveryIdentify development needs and select effective solutions to address own development needPrepare a personal development plan with management to implement and review as requiredMonitor own progress against development plan and measure impact of resultsMinimum Requirements:QualificationsDiploma in Compliance, Risk Management, or related field.Bachelor’s degree in legal, Compliance or Auditing is an advantage.JSE Compliance Officer qualification is an advantage.Number of years’ experience3 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 DetailsApplication Closing Date04/04/24All 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.
