(1501) Compliance Analyst - RMCD at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Embed compliance risk management frameworks, methodologies, processes, systems and related policies.
• Conduct research on applicable legislation in preparation for compliance risk assessments. 
• Facilitate Priority 3 legislation compliance risk self-assessments.
• Analyse and understand the business environment in order to support and guide the identification of applicable legislation and regulatory requirements. 
• Support, guide and quality-review the work done by the risk and compliance coordinators for compliance risk assessments in the department. 
• Identify and report on emerging compliance risks to the SARB Group.
• Consolidate, maintain and report on the centralised compliance risk incidents database for the SARB Group.
• Identify and coordinate departmental and SARB Group-wide regulatory training needs as well as conduct-related training.
• Monitor the mandatory external regulatory submissions for departments and subsidiaries.
• Conduct monitoring assessments to ensure compliance with Priority 2 and Priority 3 legislation. 
• Embed and promote a positive and proactive compliance risk management culture across the SARB Group. 
• Provide input into the SARB-wide regulatory universe, and coordinate and embed compliance risk and continuous risk management across the SARB Group (key risk indicators, compliance risk incidents and emerging risks). 
• Compile and coordinate reporting on compliance risk management outcomes and activities to the SARB Group’s management, executives and risk oversight committees. 
• Research and benchmark leading compliance risk management processes and developments, and propose improvements accordingly. 
• Monitor the implementation of the department’s compliance risk treatment action plans, and report on their progress and impact on risks.

Job requirements

To be considered for this position, candidates must be in possession of:

• the minimum of a Bachelor’s degree (NQF 7) in Compliance Management, Risk Management, Auditing or Law, or an equivalent qualification; and 
• the minimum of 5–7 years of experience in a relevant environment, such as compliance management, risk management, auditing or law.

The following would be an added advantage:

• having an Honours degree (NQF 8); and/or
• being a Certified Compliance Professional (CCP).