Compliance Control Room Specialist
Stanbic IBTC Bank
4d ago

Job Purpose

T support the Head : Compliance Control Room and the Group Chief Compliance Officer to discharge their responsibilities relating to compliance risk management as required by applicable Conflicts of Interest regulatory requirements ( laws ) and to assist business units within the Group to comply with laws and international best practice requirements.

Specifically :

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.
  • Provide advice on Information Barriers / Chinese Walls.
  • Maintain the Group’s Watch and Restricted Lists, including making determinations with respect to imposing restrictions.
  • Manage wall crossings through the wall crossing procedures.
  • Review new and proposed business transactions and ensure that conflicts interest issues are identified, addressed and managed timeously.
  • Escalate potential conflicts of interest to CCR Head and Business Executives
  • Oversight of the day to day Control Room inbox and workflow.
  • To perform and ensure the delivery of all day-to-day operational activities within the CCR.
  • Facilitation and management of Breaches.
  • Assist in the delivery of CCR team objectives, projects and initiatives.
  • Support Outside Business Interests, Research Compliance, Market Abuse Surveillance and Personal Account Trading functions.
  • Work closely with Business Compliance Officers to provide accurate and consistent advice to the business.
  • 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.
  • Compilation and facilitation of adhoc Audit and Review requests.
  • Ensure the appropriate implementation and monitoring of CCR policies and procedures.
  • Assist in the development, drafting and updating of procedures, processes and policies, where required.
  • 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 where required.
  • Compilation of adhoc, monthly, quarterly and yearly MIS and team statistics.
  • Driving and assistance with meeting the respective CCR projects (current, new and adhoc).
  • Actively identifying any gaps in related policy and procedural gaps as well as implementing solutions thereof.
  • Preferred Qualification and Experience

  • Relevant business, audit or legal tertiary and post graduate qualification
  • Proactive and willing to take on issues / responsibilities that require focus and determination
  • Ability to work as a member of a team in a high-pressure, fast-paced environment
  • Handle difficult situations tactfully and diplomatically
  • Escalate any problems or obstacles timeously
  • Be able to investigate and understand complex investment banking deals / transactions
  • Understanding of regulatory and business environment of a bank.
  • Relevant Compliance experience at major investment bank, and exchange or regulator
  • 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
  • Compliance Methodology
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