Job Description

:A technology company that enhances financial transactions through innovative solutions, focusing on security and infrastructure to prevent unauthorised access and data breaches. With expertise in managing physical data centre infrastructure, operating systems, and databases, they ensure operational integrity and security, is looking for a Head of Compliance to join their team.:In this role, you will be responsible for driving and overseeing compliance within the organisation to ensure that financial and operational procedures and personal conduct within the organisation comply with relevant and applicable laws, regulations and contractual agreements. This role will lead the compliance team and take accountability to inform and execute the compliance strategy, taking direct accountability for the efficient and effective execution of day-to-day operational compliance activities. This role will be appointed as the section 42 Compliance Officer in terms of FIC in respect of the South African Alliance Banking business.Your daily adventures include:

• Drive and enforce organisation compliance with the, NCA, FAIS, FICA, POPIA and NPS and any other applicable legislation.

• Drive FICA compliance.

• Keep the board of directors and governance committees informed of developments in RMCP, potential risks and vulnerabilities, applicable impending legislation and impact on the overall health of the program.

• Rollout and monitor the implementation of the RMCP program and provide input into the same as part of the enhancement process.

• Oversee and implement an ongoing AML Training program for employees.

• Drive Sponsor bank reporting and SLA under RMCP

• Document & maintain the organisational risk register for the compliance function.

• Document & maintain the company compliance universe register reflecting all applicable legislation, obligations and level of compliance with action plans to mitigate or close any non-compliance.

• Effectively close any compliance gaps or risks.

• Timeous reporting of compliance-related risks to the Board of Directors, and appropriate governance committees

• Implement, monitor and execute on the outputs of the compliance performance dashboards

• Establish and ensure execution of relevant governance practises for AML/ Compliance reporting in line with King IV.

• Take ownership of the compilation and review of compliance policies and procedures aligned with document control standards.

• Drive effective implementation and quality management of compliance policies and procedures.

• Risk management: Provide oversight and monitoring of processes and procedures to ensure policy objectives and risk mitigation are effectively achieved.

• Conduct periodic internal reviews and investigations of compliance issues, monitor and test policies and procedures to ensure the Group is compliant and report to the Board of Directors or relevant governance committees as required.

• Assess the identification and recording of non-compliance matters and implementation of the agreed recommendations and report to the Board of Directors or relevant governance.

• Communicate key aspects of the compliance policies and frameworks to business stakeholders.

• Regular engagement with the business and legal and regulatory bodies on compliance-related matters including Board of Directors, Senior and Executive Management Governance Committees, the organisation's sponsoring bank(s), PASA, NPSD and other regulatory bodies

• Serve as a point of contact for regulatory inquiries and audits, and coordinate responses as needed.

• Analyse current and forthcoming regulations, proposals and legislation and provide meaningful, detailed analysis.

• Conduct compliance-related research where required to support new products or business requests

• Engage and attend workgroups with external stakeholders such as FIC, FSCA, PASA, PIB, IFWG, PASA, NPS as well as with the Regulatory Authorities.

• Provide feedback on the workshops.

• Identify suitable workshops provided by these regulators for the AML staff

• Responsible for Compliance Training, monitoring, guidance and coaching employees on Compliance matters.

• Lead and develop high-performing compliance team, ensuring that the team has the necessary skills and resources to drive the overall business compliance strategy.

• Drive transformation Goals.

• B. Com Law and/or LLB Degree and or Diploma in Law or equivalent and any other compliance-related qualification suitable for this position.

• CISA membership would be advantageous.

• 5+ Years experience in a Compliance environment and/ or managing/leading a Compliance team preferably in the Financial Services sector (Banking, Fintech).

• FICA or AML Compliance Officer experience, and Alliance Banking experience are required.

• FSCA Registered Category I Compliance Officer advantageous

• Working knowledge of FICA, FAIS, and related anti-money laundering legislation.

• Working knowledge of NPS legislation and SO/TPPP license requirements.

• Working knowledge of POPI, PAIA, TCF and related topics.

• Strong knowledge of industry protocols and best practices.

• Working experience in managing a team.

• Organisational compliance training.

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