CHIEF COMPLIANCE OFFICER - Benoni Verfied

Salary Negotiable Benoni, Gauteng Benoni, Gauteng more than 14 days ago 23-07-2018 8:54:57 AM
17-09-2018 8:54:57 AM
Job Description:
Chief Compliance Officer (AA ONLY)

Area: Benoni

Package: R850000 P/A

Purpose statement

The Chief Compliance Officer acts as staff to the Group CEO by developing and implementing the Group Compliance strategy, monitoring and reporting results of the compliance/ethics efforts of the Group and in providing guidance for the Group Board and senior management team on matters relating to compliance. The Chief Compliance Officer is authorized to implement all necessary actions to ensure achievement of the objectives of an effective compliance framework.

Duties

o People

Subordinates:

Compliance Managers

Compliance Officers

1. Develops and builds the Groups Compliance team

2. Provide leadership and direction for division’s compliance team

3. Engages management in compliance matters to ensure the effective delivery of legal and compliance processes and activities

4. Liaises with regulators and other stakeholders

5. Works with the Human Resources Department and others as appropriate to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers.

6. Set Key performance areas and Key performance Indicators for Compliance Staff

o Processes

1. Develops, initiates, maintains, and revises policies and procedures for the general operation of the Compliance Framework and its related activities to prevent illegal, unethical, or improper conduct including but not limited to the management of compliance monitoring, risks, risk mitigation strategies, supervision-, Fit & Proper, registers, client complaints and training initiatives, to ensure proper conduct.

2. Manages day-to-day operations of the Compliance Framework.

3. Monitors the performance of the Compliance Framework and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.

4. Provides reports on a regular basis, and as directed or requested, to keep the Group CEO and senior management informed of the operation and progress of compliance efforts.

5. Develops and periodically reviews and updates General Code of Conduct to ensure continuing currency and relevance in providing guidance to management and employees.

6. Collaborates with other departments to direct compliance issues to appropriate existing channels for investigation and resolution.

7. Consults with the corporate attorney as needed to resolve difficult legal compliance issues.

8. Responds to alleged violations of rules, regulations, policies, procedures, and Standards of Conduct by evaluating or recommending the initiation of investigative procedures.

9. Develops and oversees a system for uniform handling of such violations.

10. Acts as an independent review and evaluation body to ensure that compliance Issues/concerns within the organization are being appropriately evaluated, investigated and resolved.

11. Monitors, and as necessary, coordinates compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends.

12. Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues and provides general guidance on how to avoid or deal with similar situations in the future.

13. Ensures proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.

14. Establishes and provides direction and management of a compliance Hotline.

15. Institutes and maintains an effective compliance communication program for the organization, including promoting (a) use of the Compliance Hotline; (b) heightened awareness of General Code of Conduct, and (c) understanding of new and existing compliance issues and related policies and procedures.

16. Oversees and manages FAIS & FICA and other relevant regulations and compliance across the business units, ensuring that Group and its subsidiaries comply with regulatory requirements as well as internal policies and procedures.

17. Submit statutory compliance returns to relevant Regulatory bodies.

Qualification and Skills

Related Compliance qualification or Legal degree.

Admission as an attorney or advocate (beneficial)

- Strong working knowledge of FAIS, FICA, CISCA and a solid knowledge of the South African Regulatory Environment in the financial services sector.

- Must be registered on the FSB (Financial Services Board) FAIS approved as a Compliance Officer for Category I and II Financial Services Providers.

- Member of the Compliance Institute of South Africa (CISA) preferred.

- Hold a Compliance Institute of South Africa (CPrac) designation.

Experience:

Minimum of 10 years’ experience in the management, implementation and maintenance of compliance frameworks in the financial services industry, including personnel management.

Knowledge and Skills

- Detailed and technical knowledge of legislative requirements relating to Compliance in the Financial Services Industry

- Risk management

- Strong command of MS Office

- Management and leadership skills

- Highly organized

- Good planning and execution

- Process Driven

- Ability to apply facts to the rules and regulations

- Attention to detail

- Have a practical, flexible and hands-on approach towards your work

- Strong communication, reporting and presentation skills

Package: R850000 P/A