Regulatory Compliance Monitoring Manager (Senior)

Gauteng, Full Time

Job Purpose
The Regulatory Compliance Monitoring  Manager (Senior) develops, implements, and oversees the regulatory compliance strategies of the bank. Assists in the establishment of an effective compliance function, framework and core processes for the bank. He/She proactively identifies, assesses, reports and mitigates compliance risks across Discovery Bank. The incumbent enforces and upholds Bank’s compliance standards and also participates in activities that drives a strong culture of compliance and internal control.
Areas of responsibility may include but are not limited to

Manages compliance monitoring which include personal account dealing, gifts and entertainment, conflicts of interest and political donations.
Produces reports for senior management on compliance monitoring findings.
Excellent report writing and consolidation skills in respect of key internal to Bank committees and key Board committees, from a Regulatory Compliance perspective.
Initiates the development of key compliance policies and standard operating procedures.
Ensures that these policies and procedures are consistent with the approvals of various boards.
Identifies training and educational needs regarding compliance practices, make recommendations and develops training content.
Ensures compliance with industry regulatory standards.
Implements core Compliance principles, frameworks, processes, systems and platforms.
Implements the Compliance Risk Management Framework and implements the Compliance Risk Management Plans and control gap analysis.
Has an ability to advise on the establishment of effective Compliance frameworks, structures and core processes and the establishment and embedment of the same in relation to the core systems and platforms of the proposed Banking business.
Assists with Regulator and Audit reviews and oversees compliance actions.
Assists with Regulatory Change and commentary processes in Discovery Bank.

Education and Experience

Bachelor’s degree that includes legal, compliance and governance.
BCOM (Law), LLB or CPrac (Preferred)
8 -10 years’ experience in the financial or regulatory sector
Experience in the Legal and/or Compliance environment within banking.

Technical Skills

Understanding of and an ability to implement Compliance governance.
Understanding of the legislative and regulatory requirements impacting the South African Banking Sector
Detailed knowledge of the legislative and regulatory environment and reporting requirements imposed by South African Regulators (SARB, FSCA and NCR) specifically in relation to the Banks Act, FAIS and NCA.

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