Compliance Manager

Description

To ensure the implementation of the Group’s compliance frameworks and programmes in consultation with the business, ensuring conformance and adherence to regulations, and delivering through a team of Compliance resources / specialists.

Ensure adherence to organisational policies and procedures, especially regulatory and ethical standards.

• Provide regular reports on service delivery against agreed service level agreements and customer targets.
• Gather information to review work progress, supporting reporting, decision-making, and identifying improvement opportunities.
• Implement, monitor, and control business processes according to quality standards, policies, and compliance and governance requirements.
• Review existing processes and suggest innovative ideas to improve and streamline, driving efficiencies and reducing redundancy.
• Analyze and interpret regulation and legislation using a risk-based approach; identify and risk-rate applicable laws and regulations for responsible business units.
• Develop and implement compliance / legislative universe for responsible business units.
• Develop and implement Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions.
• Compile monitoring plans with methodologies and frequencies.
• Prepare monitoring reports on results.
• Report incidents promptly, escalating compliance risks and incidents.
• Interpret regulation and legislation, assisting business units with practical implementation.
• Advise management on systems, policies, processes, and controls to enable compliance.
• Promote a culture of compliance and awareness, participating in projects and training initiatives.
• Provide regulatory requirements training to channels.
• Ensure policies, governance, and standards are implemented across the business.
• Maintain knowledge of legislative amendments, industry best practices, and internal procedures.
• Review compliance systems and procedures in response to audits and changes.
• Develop understanding of risks and risk management approaches.
• Implement and contribute to governance and compliance procedures, identifying risks.
• Participate in specialist risk forums as required.
• Implement and enforce the organisation's compliance programme.
• Monitor regulatory obligations within FAIS Act, code of conduct, and related requirements.
• Manage and oversee FAIS compliance, including licensing and levies.
• Maintain register of representatives and inform the Registrar of changes.
• Possibly supervise and control KYC / AML and FATCA / AEOI regulations, analyzing documents and advising on acceptability.
• Ensure ongoing regulatory compliance, monitoring, and validation of investor files.
• Lead the AML / KYC team, managing resources and development.
• Encourage teamwork and inclusivity.
• Manage team performance towards business objectives.
• Monitor and report potential breaches across digital platforms and customer touchpoints.
• Balance regulatory requirements with digital innovation, demonstrating a solution-oriented mindset.
• Adapt to fast-paced, evolving environments.
• Possess knowledge of AI governance, algorithmic transparency, and compliance risks in digital sales channels.

Qualification & Experience

Job Details

Note that applications will not be accepted after 21 / 08 / 2025. Please submit applications before this date.

All appointments will align with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment of individuals with disabilities; candidates may disclose disability information voluntarily, which will be kept confidential unless required by law.

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