Job SummaryTo assist in the development and maintenance of the regulatory framework, contribute to ensuring compliance within the regulatory framework and promote sound relationships with all stakeholders in achievement of JSE strategic priorities.
The JSE is an equal employment opportunity employer and invites all designated groups, including people with disability to apply. Responsibilities / Outputs
Contribute to the crafting of the division's regulatory plan to ensure the delivery of focus areas for the year, in support of the strategy of the JSE
Apply cost effectiveness principles in planning and delivery to contribute to achievement of divisional financial targets
Provide input into the formalisation of the divisional budget if necessary
Develop a plan for the delivery of a conflicts of interest policy and the resultant processes and procedures that will need to be implemented, which includes the introduction of a regulatory levy and a code of conduct for the market regulation division.
The JSE has a deadline of 31 December 2015 for the completion of this work and a failure to do so could result in a regulatory sanction from the FSB.
There will be extensive collaboration with internal stakeholders in terms of the regulatory levy and once finalised there will be consultation with the market.
There will also be the matter of the drafting of the necessary policy and resultant rules to put these conflict of interest procedures into effect.
Ensure adherence to the conflicts of interest policy plan by tracking progress and taking remedial action when necessary
Ensure adherence to the plan by proposing draft market rules, tracking progress and taking remedial action when necessary.
Analyse new regulatory requirements and / or business needs and propose draft rule amendments that are necessary to align the market rule book with these ad hoc requirements.
The rules project will span the next two years (if not longer) and will require research into the best practices of other markets, the harmonisation of the three existing market rule books into one handbook and extensive consultation with members.
It is also necessary that the incumbent will need to understand complex regulatory and legal aspects of the governing legislation and provide input as to how these can be practically put into effect.
Conduct research in respect of relevant regulatory requirements - both international and domestic, to ensure that the division remains abreast of new developments
Assist market clients and external members with the appropriate application of the regulations by considering their queries and providing relevant guidance and advice
Engage with internal and external stakeholders in respect of the regulatory framework and the regulatory initiatives of the market regulation division
Identify and manage the expectations of internal market clients and external members by listening to their requests, understanding how the markets operate, applying regulatory objectives and facilitating an outcome that satisfies regulatory and business objectives
Maintain a relationship of mutual respect with regulators and policy makers by participating in the consultation process and demonstrating an informed, objective consideration of issues and thereby upholding the regulatory reputation of the JSE
Provide input into the divisional strategy and structure designed to deliver on JSE vision and strategy
Manage own delivery and measure against regulatory framework and delivery plan, establish timelines by identifying obstacles and performing remedial action when required
Mitigate the risk of compromised market integrity and investor confidence, by ensuring that the regulatory framework supports the strategic priorities of the JSE and that it meets the requirements of external regulators and policy makers
Ensure appropriate interpretation and application of the regulatory framework, by analysing queries so as to find solutions that satisfy regulatory and business objectives and effectively communicate solutions and rationale to stakeholders
Undertake themed investigations / research projects to identify new regulatory requirements
Provide input to ensure that the regulatory framework supports the strategic priorities of the JSE and that it meets the requirements of external regulators and policy makers
Transformation and Innovation Contribution ExperienceLLB (Bachelor of Laws)
8 years work experience, 4 years exposure to the financial markets in a compliance / regulatory advisory position Skills Personality Traits