Test Division Summary
To execute on Compliance Risk Management activities for the Business Unit as required by relevant regulatory requirements, policies and minimum standards and to lead the execution of special initiatives and integration activities as directed to ensure a robust and aligned control and compliance environment across the Business Area.
Key Responsibilities / Accountabilities
Advise Compliance functions across all Regions on the Group Compliance data model requirements, including inter alia master data, key transactional data, provisioning / access data, data security.
In support of the relevant Compliance Frameworks to ensure the management and use of data across local and international jurisdictions adheres to the policies, procedures and standards set out by the Group Enterprise Data Office.
Detect patterns and trends in data and information to enhance / improve reporting and drive proactive decision making.
Technology & Architecture
Monitor, guide and oversee the implementation of required systems and technological initiatives for the Compliance Function across all regions and jurisdictions to ensure consistency of implementation, adoption and that the required technological needs are sufficiently met.
Provide subject matter input for the development of Business Unit training to ensure that technical regulatory requirements are covered correctly and ensure that all participants of the various committees and forums are adequately informed on Compliance requirements to ensure that the discussions and outcomes thereof are aligned to the group standard.
Risk, Regulatory, Prudential & Compliance
Keep abreast of and analyse regulatory and legislative developments, applicable to the Business Unit across all jurisdictions in which it operates, in order to deliver sound advice to relevant stakeholders and ensure business awareness of the anticipated impact of regulatory changes.
Maintain and update an accurate log of regulatory commitments and open Compliance findings and record progress made towards closure to provide accurate Compliance reporting and insights.
Provide commercially sound Compliance guidance and support with respect to allocated regulatory requirements in a professional and helpful manner, considering multiple alternatives to propose solutions that ensure compliance as well as the continuation of business.
Consolidate the various regulatory aspects that apply across all Regions in which the Function operates and conduct regular, detailed impact assessments as determined by management, ensuring that all changes to legislation are considered and included as required to ensure a holistic view of the regulatory environments.
Track progress of execution against the Function's Compliance monitoring plan, across all regions, collaborating with Group Compliance Monitoring and Group Internal audit and conduct assurance reviews on closed compliance findings to ensure continuous oversight of the regulatory and compliance environment.
Review compliance frameworks, standards and procedures in the context of the Functions operations, across all its jurisdictions, and recommend enhancements due to changes in policy and regulation and support business in implementing the new and approved procedures to ensure strict, consistent adherence to Compliance requirements.
Provide advice to management, employees and relevant committees, across the Function, regarding the regulatory universe, relevant compliance frameworks underpinning their operations and any other regulatory developments, to ensure that the Business can comfortably manage compliance risks and conduct business in a compliant manner.
Oversee the execution of various Risk Integration projects and initiatives as directed by the Functions Risk Integration Head to ensure consistency of adherence to Compliance requirements and minimal duplication of efforts.
Attend to key administrative tasks related to key regulatory processes emanating from key risks identified such as i.e.
client risk notices, requests for further information (RFIs), client risk committee submissions, regulatory orders etc.
Timeously compile and deliver monthly, quarterly and ad hoc compliance reports for discussion at the relevant governance forums or for submission to the regulator as required.
Minimum Qualification and Experience
First Degree in Law, Finance, Accounting, Engineering Psychology or Information Technology is required
5-7 years experience in Compliance, Business Engagement
The roles require experience in the execution and integration of risk management activities and procedures across multiple business disciplines within a financial services environment.