We’re accepting applications for the position of Senior Compliance Manager. Working within Enterprise Risk Management, the incumbent will be responsible for developing, implementing, monitoring, and managing the organisation’s compliance function while working in close collaboration with the Internal Audit, Legal, Regulatory, and Finance departments.
Duties and Responsibilities:
- Establishing a structured and integrated Compliance Function
- Proposing high-quality investment decisions to the Executive Committee (EXCO), the Internal Risk and Compliance Committee (IRCC) and the Audit and Risk Committee (ARC) to advance compliance risk management
- Developing a company Compliance Policy and Framework aligned to the Risk Management Framework where applicable
- Developing and implementing a compliance risk management process in line with generally accepted compliance practice
- Ensuring regulatory compliance within the company receives the necessary attention to enable proactive management of compliance matters
- Fostering aligned compliance efforts across Business Units to prevent compliance risk being managed in silos
- Designing and leading a strong compliance culture by effectively communicating with relevant stakeholders and addressing challenges in an effective and timely manner
- Proactively supporting and establishing key collaborative relationships with internal stakeholders
- Preparing presentations and reports of annual strategic plans for approval by the Executive Committee (EXCO), the Internal Risk and Compliance Committee (IRCC) and the Audit and Risk Committee (ARC)
- Reviewing and approving the purpose, scope and compliance risk management approach of each project for assigned areas of compliance risk coverage and mitigating programmes
- Providing training and supervision to employees to ensure approved compliance risk management objectives are met and adequate practical coverage is achieved
- Developing and maintaining compliance reports, discussing reports with appropriate management, evaluating responses and scheduling follow-up compliance assessments while monitoring implementation of corrective actions where applicable
- Conducting benchmarking and developing best practice approaches to compliance management and implementing these across the company
- Conducting training on general and industry-specific regulatory compliance to ensure employee awareness of compliance importance and consequences of non-compliance
- Designing and implementing a regulatory universe through adoption of a risk-based approach, while monitoring and updating requirements with regard to relevant legislation, international and industry standards and guidelines impacting or potentially impacting the business
- Reviewing and scanning the external regulatory environment for new developments and advising the company accordingly
- Implementing a compliance monitoring programme to identify and improve areas of compliance weakness and ensure adequate controls are in place
- Collating instances of non-compliance with laws and regulations for timely reporting to Senior Management, the Executive Committee (EXCO), the Internal Risk and Compliance Committee (IRCC) and the Audit and Risk Committee (ARC)
- Co-ordinating and leading compliance reviews within the business, identifying areas for improvement, engaging with the business on findings and monitoring implementation of action plans
- Conducting or directing internal investigations into compliance issues
- Monitoring compliance systems to ensure ongoing effectiveness
- Verifying that all regulatory compliance policies and procedures are documented, implemented and communicated
- Collaborating with other assurance providers and the business to facilitate and support an effective internal control environment
- Providing compliance assurance to relevant Management Teams, the Executive Committee (EXCO), the Internal Risk and Compliance Committee (IRCC), the Audit and Risk Committee (ARC) and other Board Committees as appropriate
- Developing and maintaining compliance reports
- Effectively challenging activities and decisions that materially affect the company’s compliance risk profile
- Recruiting, assigning and directing work, overseeing staff development, identifying training needs and maintaining staff competence
- Overseeing, evaluating and guiding the department’s Employee Performance Management Programme
- Providing an advisory, support and mentorship function
- Initiating appropriate Labour Relations action within own area
Minimum Requirements:
- LLB/Admitted Attorney/CA (SA)/MBA or similar
- A professional compliance management or postgraduate qualification would be advantageous
- Minimum of 7+ years’ experience within legal/risk/compliance or similar environment
- At least 4+ years’ experience in a senior compliance managerial position in a medium to large organisation
- Practical experience in the implementation and embedding of integrated compliance programs at a large organisation
- Sound knowledge of corporate governance principles
- Telecommunications background or similar would be an advantage