Compliance Control Room (CCR) is a Centre of Excellence within Group Compliance providing guidance and support on a range of conflict of interest issues.
We review and conflict clear prospective new business, transactions and deal teams. The CCR is responsible for the maintenance of the Watch and Restricted List through the regular updates provided by business, guarding the integrity of Standard Bank's Chinese Walls and Information Barriers (which includes : wall crossing approvals, managing insider lists and dealing with issues arising from the receipt of need to know information (which includes : inside information, confidential information and material non-public or price sensitive information).
Key Responsibilities / Accountabilities
Assist business and line management to discharge their responsibilities to compliance with Conflicts of Interest regulatory requirements in order to :
Protect the reputation of the Group;
Avoid legal action against the Group;
Promote a good working relationship with supervisors / regulators; and
Enable the Group to demonstrate to regulatory authorities and other stakeholders that it is fit and proper to undertake its business.
Draft, Update and Manage the Compliance Control Room Global Risk Management and Monitoring Plan.
Yearly benchmarking, updating Risk Management and Monitoring Methodology and the continuous Development of a Monitoring Plan.
Monitor and Review Internal Function - Monthly routine monitoring. Monitor and review deals conflict cleared for each CIB jurisdiction as per the deal monitoring procedures.
Internal Assurance Monthly Monitoring to ensure that all Source Information and Systems have been updated and running as required.
Global Business Conflict Clearance Conditions Monitoring - Quarterly Conflict Clearing Conditions monitoring, reporting and including lessons learned and appropriate recommendations.
Assist with the identification and resolution of compliance related audit issues.
Tracking and closing out all Global Compliance Control Room Monitoring Findings and Recommendation items.
Compilation and distribution of Adhoc, Monthly, Quarterly, Yearly MIS including CCR Management Information and Dashboards.
Regulatory Audit Investigating and providing the requisite information to the regulator.
Participate in consultation process with all internal stakeholders to influence proposed changes or amendments in regulatory or international best practice requirements.
Provide accurate and relevant training and awareness material or communication on regulatory or international best practice requirements and changes.
Provide guidance on conflicts of interest matters, compliance best practices and trends.
Assist the Group to maintain an accurate regulatory universe;
Assist in the development, drafting and updating of procedures, processes and policies, where required.
Provide effective compliance policy management and roll-out.
Value Add Providing Business and Stakeholders with value add services.
Proactively identifying breaches and bridging the gap.
Relationship building with stakeholders.
Providing Feedback to the relevant stakeholders
Escalations of Issues identified as a result of the Monitoring conducted
Act as a strategic business partner by understanding the needs of business and translating them into compliance risk management solutions.
Ensure effective communication, consistent, regular contact with business and risk management partners.
Effective and value add management of all stakeholder relationships.
Effectively manage and mentor junior team members.
Assistance to the Head of the Compliance Control Room - - Team Coverage, Training, Presentations, Processes and Procedures, Management Information, Investigations, Regulatory Research.
Preferred Qualification and Experience
Relevant business, audit or legal tertiary and post graduate qualification
Comprehensive understanding of the regulatory and business environment of a bank
Understanding of legal issues and the ability to interpret laws
Understanding and implementation of compliance methodology
Understanding of regulatory and business environment of a bank.
Knowledge / Technical Skills / Expertise
All legislation relating to the financial industry (to include sections of FMA and FAIS that speak to conflicts, including international requirements)
UK FCA Conflicts of Interest requirements
USA NYSE and Finra Conflicts of Interest requirements
Takeover Panel Requirements for all impacted jurisdictions
Code of Banking Practice