Regulatory Compliance Manager Verfied

Salary Negotiable Not Specified more than 14 days ago 08-02-2024 7:59:05 AM

Are you a seasoned regulatory compliance expert with a passion for navigating the intricacies of the banking world? If you're ready to take the lead in ensuring our compliance with a complex web of banking regulations, we want to hear from you! Our client is seeking an exceptional Regulatory Compliance Manager to join their dynamic team.

Roles and Responsibilities
Compliance Expertise: Leverage your experience in compliance and regulatory positions in the banking industry to provide expert guidance and ensure our adherence to a multitude of banking regulations.
Regulatory Knowledge: Demonstrate your in-depth understanding of key legislations such as the FIC Act, POPI, FAIS, GDPR, EXCON Regulations, Conduct Standards, and other applicable laws that impact banks.
Policy and Procedure Management: Take charge of updating Policy & Procedure Manuals in response to regulatory and operational changes, ensuring we remain in compliance with the latest requirements.
Training and Development: Conduct compliance training, keeping our team informed and updated on regulatory changes and policy requirements.
Compliance Monitoring and Reporting: Play a crucial role in compiling and executing a compliance monitoring plan, as well as preparing reports for review by the Board of Directors.
Compliance Activity Planning: Contribute to the formulation of an annual Compliance Activity Plan for approval by the Board of Directors, ensuring a proactive approach to compliance management.
Risk Management: Review the Legislative Risk Matrix annually and provide valuable insights to the Board of Directors.
Monitoring and Testing: Execute compliance monitoring and testing and provide actionable recommendations and action plans to maintain a high level of compliance.
Risk Management Plans: Develop and update Compliance Risk Management Plans to proactively address potential compliance issues.
Global Compliance Reporting: Assist in the submission of FATCA and CRS reports to the SARS and ensure compliance with new reporting requirements.
KYC and Due Diligence Oversight: Manage and oversee the Re-KYC and Enhanced Due Diligence (EDD) processes, ensuring robust customer onboarding practices.
Reporting Excellence: Prepare and submit all required reports to the Group and Audit Committee on a quarterly basis, demonstrating transparency and accountability.
Quality Assurance: Regularly review the Compliance Monitor's functioning, quality of commentary, and timeliness of clearing, including conducting investigations and filing reports when necessary.
Product and Delivery Channel Development: Provide guidance on new product and delivery channel development, ensuring they align with compliance standards.
Regulatory Reporting: Assist in filing regulatory reports to the respective regulators, keeping us in good standing with all regulatory bodies.

Job Requirements
LLB qualification or similar, complemented by additional compliance-related courses/qualifications.
5-7 years' experience in compliance and regulatory positions in a bank.
An in-depth knowledge of banking regulations, including the FIC Act, POPI, FAIS, GDPR, EXCON Regulations, Conduct Standards, and more.
Exceptional communication skills and the ability to guide and advise business and management on compliance requirements.
Strong analytical and problem-solving skills, with a keen eye for detail.
A passion for maintaining the highest standards of compliance within the banking industry.

Location: KwaZulu/Natal

Recruiter: talentCRU