Manager - Compliance job at DFCU Bank | Apply Now

Support and maintain strong team dynamics and culture.

To interact with each Business Unit (‘BU’) to ensure coordination and effective management of compliance processes.

Provide input to the respective BU(s) Regulatory Universes and the Bank’s overall Regulatory Universe.

Assist the BU(s) in the completion and or maintenance of BU-specific Regulatory Universes.

Ensure in conjunction with the BU(s) that specific CRMPs are developed.

Ensure there are customised CRMP’s for all high-risk legislation pertinent to the BU(s) and in line with the compliance plans for the year. These should be embedded in the respective Business Unit Risk and Control Assessment (RCA) document to enable them proactively identify areas exposure where further focus is required.

Analyse and identify compliance risks, processes & controls and provide advice to management, relevant committees, within the BU(s) and the embedded business risk management function and employees, to effectively manage compliance issues.

To attend and participate in the Bank’s relevant committees, meetings, business processes and initiatives to ensure that any compliance requirements are appropriately considered.

Provide assistance and advice on compliance issues specific to the BU(s) (new businesses, products, and other initiatives such as projects).

Advise on Compliance Related Legislation affecting the respective BU(s).

Facilitate a comprehensive and up-to-date understanding of the status of compliance and regulatory matters.

Safeguard the reputational risk of the Bank by ensuring the BU(s) supports the reputational risk standards and related reputational risk policies & procedures.

In line with the compliance monitoring plan, monitor compliance with regulatory requirements and mandates in order to identify further areas of improvement and detect significant compliance breaches and exposures.

Assist and advise the BU(s) on the resolution of compliance audit/ monitoring issues.

Ensure the maintenance and alignment of the Bank’s Compliance Manual.

Assists, as and when required, in the development drafting and updating of policies, procedures and related training programmes

Ensure that relevant compliance training has been tailored for BU(s) and, if appropriate, assist in the delivery of the training and awareness.

Assist, and where necessary, facilitate the governance of dispensation/s when Compliance policies and procedures deviate from the minimum standards.

Remain aware of regulatory and legislative developments, and practices of regulatory authorities, which are relevant to the BU(s).

Assist the BU(s) in implementing existing, new and/or amended regulatory requirements.

Assess and advise the BU(s) timeously and effectively on the impact of regulatory developments.

Ensure and track that the appropriate regulatory framework is in place for the BU(s) to adequately manage compliance risks.

Actively promote and ensure that a culture of compliance is established in the BU(s) supported.

Cultivate relationships within the BU(s) which results in the BU committees or other relevant forums proactively seeking Compliance involvement in their dealings.

Utilise established mechanisms for reporting and resolving non-compliance with regulatory requirements.

Immediately report material compliance-related matters to Senior Management and the Board.

Complete formal monthly and quarterly compliance reports as may be required by the Bank governance structures and regulatory requirements.

Ensure cooperation by the BU(s), for corrective action regarding audit, regulatory findings and breaches.

Monitor in conjunction with the BU(s), the timely and effective implementation of compliance Plans, escalating progress and results to Senior Management.

Responsible for researching, assessing, and monitoring new developments in relevant bank-related legislation and regulatory sphere, and updating bank personnel on time.

Perform gap analysis on new and existing Legislation.

Maintain an up-to-date inventory of Bank Policies, Procedures, Processes & Circulars.