Officer, Compliance Monitoring Standard Bank

To enable the execution of Compliance Monitoring plans, processes and activities across dedicated areas of a Business Unit, in-line with the Group Monitoring Framework and standards to ensure the effective identification and reporting of Compliance risks and cases of non-compliance, to avoid operational losses, fines, penalties or reputational damage to the organisation and enable competitive advantage for the organisation.

Qualifications
Minimum Qualifications
Type of Qualification: First Degree
Field of Study: Audit / Business Commerce / Legal

Experience Required
Compliance Risk Management
Compliance
5-7 years
The role requires a specialist in Compliance Advisory and Monitoring with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking policies, products and activities. Ability to take the understanding of business needs and operations and to translate it into Compliance risk management solutions.

Responsibilities:
• Conduct Compliance reviews by delivering against the Compliance Monitoring Plan across the required business unit area in-line with Group Monitoring standards and methodology, specifically planning, execution, reporting and record-keeping, to ensure sufficient coverage of material compliance risks.
• Document and track the required mitigation actions to be taken, this includes logging the findings, action plans, timeframes, and roles and responsibilities.
Execute the Compliance Monitoring processes and activities, as per the approved minimum standards, within a dedicated Portfolio to ensure compliance with bank compliance policies, applicable laws and regulations.
Guide and oversee the implementation and closure of the mitigation action plans by obtaining and filing the required evidence to prove mitigation plans have been correctly implemented.
Provide input into the development and maintenance of the business area’s Compliance Monitoring Framework, which specifically reviews the adequacy and effectiveness of compliance controls to ensure adherence to material high-risk, applicable legislation, policies and standards and is aligned to the Group Monitoring methodology to provide reasonable assurance that the business areas are adequately complying with relevant Regulatory requirements.

Additional Information
Behavioral Competencies:
• Adopting Practical Approaches
• Interpreting Data
• Providing Insights
• Developing Expertise
• Examining Information

Technical Competencies:
• Audit Methodology
• Audit Report Writing & Executing Audit Delivery
• Evaluation of Internal Controls
• Financial Industry Regulatory Framework
• Promote Good Governance, Risk & Control