Compliance Head (FXPH)

Job Description To manage the Compliance function in the business unit and to assist the Segment Compliance Head and Group Chief Compliance Officer in terms of compliance holistically as per the Banks Act Regulations through the implementation of the FirstRand compliance risk framework enabling management to adhere to regulatory requirements and prevent exposure risks in this regard, in line with the FirstRand and related segment business strategy and FirstRand Group wide compliance strategy as well as ensure that the Segment and Business Unit specific Compliance deliverables are implemented and completed

• Control expenditure and identify process improvements to contain and reduce costs.
• Build working relationships across teams and functional lines to enhance work delivery, collaboration and innovation.
• Implement, monitor and control business processes according to regulatory quality standards; policy; and compliance and governance requirements in area of accountability.
• Monitor customer feedback reports to assist with root cause identification and enhance processes to maximise efficiencies.
• Analyse and interpret regulation and legislation and using a risk-based approach. Identification and risk rating of applicable laws and regulations for responsible business units.
• Development and implementation of compliance/legislative universe for responsible business units.
• Development and implementation of Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions.
• Compiling monitoring plans indicating the compliance monitoring methodology used and the frequency thereof.
• Compiling monitoring reports on the results of monitoring.
• Incident reporting, to ensure timeous escalation of compliance risks and incidents Interpret regulation and legislation and assist business units with practical implementation thereof.
• Advise and provide guidance to management on systems, policies, processes and controls implemented to enable compliance.
• Research and communicate applicable legislative developments to all stakeholders.
• Assist with the promotion of a culture of compliance and awareness and actively participating in compliance projects and training initiatives.
• Ensure implementation of relevant policies, governance and practice standards across the business.
• Maintain knowledge on relevant legislative amendments, industry best practices and internal compliance procedures and requirements.
• Ensure compliance is adopted in terms of systems and procedures as proposed by organisation and review in response to audit findings and changes.
• Implement and provide input into the development of governance and compliance procedures and processes within area of specialisation and identify risks.
• Responsible for implementing and enforcing the organisation's or business units' compliance programme.
• Maintains awareness of regulatory framework and specific obligations within Financial Advisory and Intermediary Services (FAIS) Act, code of conduct, and requirements.
• Display and encourage an appreciation of teamwork and inclusivity.
• Manage team performance in achievement of business objectives.
• Participate in planned activities that are appropriate for own and employee development.

Job Requirements:

• Minimum of a bachelor’s degree in compliance, legal, risk management or similar
• Relevant certifications such as Certified Compliance & Ethics Professional (CCEP) or similar are preferred.
• Experience in the fintech or financial services industry is highly desirable.
• 10+ years of experience in a compliance role.
• Deep understanding of corporate governance, anti-money laundering (AML), investment, transact, lend products and/or payment services regulations, crypto asset regulatory frameworks and other relevant legislation.
• Experience in dealing with regulatory bodies, currency and exchange, crypto assets.
• Solid understanding of legal and AML/CFT and anti-bribery and corruption compliance requirements and controls
• Ability to lead and manage a diverse team.
• Excellent spoken and written English communication skills.

#Post #FNB #LI-LM3 Job Details Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below 02/06/25 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.