Compliance Manager

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses. Visit us at www.momentummetropolitan.co.za

Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Develop and manage the execution of the compliance program to enable licence management of the FSP.

Requirements

At least 2 years in a supervisory or managerial position.

Proven experience in:

• Registered FSCA approved qualification - bachelor’s degree in law (LLB), Compliance, Risk Management, Business Administration, Finance, or a related field.
• Postgraduate qualification in Compliance, Risk, Corporate Governance (advantageous).
• Industry-specific regulatory certifications (RE5/RE1/RE3 for financial services).
• Compliance Institute Southern Africa (CISA) certification (Preferred).
• Registered Cat I & II Compliance Officer with the FSCA
• POPIA
• FICA
• FAIS
• NCA
• AML/CFT laws and crypto-asset-related regulatory guidance
• Sector-specific standards and regulatory requirements
• Crypto asset regulatory developments and global standards
• Developing and implementing compliance frameworks,
• Managing regulatory audits,
• Conducting compliance monitoring and reporting, and
• Drafting compliance policies and procedures. 10 years compliance related experience of which at least 5 years must be as a Cat II Compliance Officer.

Advantage -Experience working with Crypto Asset Service Providers, including:

• CASP licensing, registration, and reporting requirements,
• AML/CFT frameworks for crypto transactions

Duties & Responsibilities

INTERNAL PROCESS

• Develop and manage the implementation of a suitable compliance monitoring plan to ensure completeness and accuracy.
• Manage the review and provide oversight of the relevant compliance monitoring plan based on combined assurance initiatives.
• Manage the execution of compliance activities based on the compliance monitoring plan to provide assurance on the level of regulatory compliance.
• Ensure the regulatory compliance breach management and follow-up process is followed to enable business to effectively manage and resolve breaches.
• Monitor and provide the appropriate oversight function for any activities outsourced or for any independent compliance functions performed by any legal entities within the business.
• Monitor and communicate regulatory changes and actively influence the business to establish control frameworks.
• Manage the implementation of the compliance requirement universe for the business.
• Provide professional advice and guidance to the business and senior business leaders regarding compliance matters.
• Contribute to the initiation of critical statutory projects relevant to the business and monitor the appropriate implementation thereof by the business.
• Create awareness within the business regarding new compliance requirements or provide guidance on potential impact of compliance requirements.
• Support the business stakeholders in identifying compliance risks or weaknesses for which the business should consider additional mitigating action, or processes and/or procedures.
• Initiate, contribute and prepare the necessary documentation for the submission of business enabling statutory applications to applicable regulatory and industry or supervisory bodies.
• Build relationships with internal and external stakeholders.
• Act as adviser into the business projects and initiatives as is related to the compliance eco-system.
• Manage the delivery of compliance reports that highlight compliance activities and instances of non-compliance, both internal and external within agreed time frames.
• Initiate and contribute to the review of all critical business policies from a regulatory compliance perspective and make recommendations for improvement.
• Compile, submit and present compliance reports required by the business and stakeholders.
• Manage and execute the process to identify, manage, monitor and report compliance risks that the organisation face.
• Apply a combined assurance model in optimising assurance coverage in the organisation.
• Continuously align compliance landscape to the business strategy to ensure that the function is geared towards enabling business to reach its objectives.
• Act as trusted adviser for Ombudsman related queries and escalations related to the compliance matters.

CLIENT SERVICES

• Provide authoritative expertise and advice to stakeholders.
• Build and maintain relationships with stakeholders.
• Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments.
• Deliver on service level agreements to ensure that stakeholder expectations are managed.
• Make recommendations to improve client service and fair treatment of clients within area of responsibility.

PEOPLE

• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
• Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of company values.
• Select and recruit suitably qualified talent in line with Employment Equity principles and company values.
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
• Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.
• Execute effective workforce planning practices to ensure that staffing requirements are accurately forecasted.
• Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth.
• Effectively manage performance within the team to ensure business objectives are achieved.
• Encourage innovation, change agility and collaboration within the team.
• Support the building of the team’s capability to ensure that the team is equipped to strategically partner with business and provide leading solutions.

FINANCE

• Control the budget for the area, including the authorisation of expenditures and implementation of financial regulations.
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Competencies

Behavioural Competencies

• High ethical standards and professional integrity
• Strong decision-making and independent judgement
• Able to handle complexity and emerging regulatory challenges
• Leadership and people management
• Ability to work under pressure in a fast-evolving environment
• Diplomacy, professionalism, and strong interpersonal skills