Market Conduct Head at FNB South Africa

Job description

Role Purpose

To design and build regulatory risk programmes that covers all related market conduct legislation across FNB by defining frameworks, standards and policies to operationalise NCA and FAIS.

Responsibilities

• Control expenditure planning and reporting in area of responsibility, within approved budget parameters.
• Increase operational efficiency and suggest solutions to enhance cost effectiveness.
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Develop networks and build alliances to build and strengthen internal support bases
• Engage in cross-functional activities.
• Collaborate across boundaries and finds common ground with a widening range of stakeholders.
• Maintain and build relationships for purposes of expectation management, knowledge sharing and integration.
• Develop and ensure implementation of practices which builds service delivery excellence and encourage others to provide exceptional service.
• Monitor and coach behaviours that ensure a service culture which builds rewarding relationships, proposes innovations and allows others to provide exceptional service.
• Ensures that emerging legislation and the changes in relevant regulations are appropriately interpreted for impact analysis, internal policies and practices are aligned accordingly, stakeholders are sufficiently informed and enabled to comply (e.g. via communication and education interventions), and implementation of such changes us tracked.
• Ensure meaningful, timely, concise and comprehensive reporting of regulatory risks to governance committees & and relevant stakeholders.
• Manage and track Key Risk Indicators (KRI) and report on areas of misalignment.
• Manage/direct/contribute as appropriate to strategic regulator engagement within area of responsibility.
• Continually scan the industry to identify opportunities to create and leverage strategic partnerships with key regulators and bodies with a view to derive critical insights and influencing regulatory direction. Establish and maintain professional and favourable relationships with regulators.
• Translate strategies into actionable goals and execute relevant projects /initiatives aligned to strategic objectives with specific performance measures and control systems to track progress.
• Plan for handling work outputs, pull together interdependent activities and specify priorities, standards and procedures to ensure tactical excellence.
• Use insights and knowledge gained from high level reports to conduct abstract, conceptual and comparative analysis to define functional strategy.
• Maintain expert knowledge on relevant legislative amendments, industry best practices and FNB’s internal compliance procedures and requirements.
• Ensure compliance is adopted in terms of systems and procedures as laid out by FNB.
• Design and implement a control framework to ensure the integrity of operations and practices.
• Anticipate and apply and policies/procedures to manage and control both financial and non-financial risks to which the function(s), business unit(s) or region might be exposed.
• Ensure compliance with audit requirements.
• Investigate and implement measures to correct audit findings
• Understands and appropriately applies procedures, requirements, regulations, and policies related to specialised expertise.
• Investigate, analyse and develop organisational best practices; ensuring and encouraging adherence to an operational framework of policies and procedures.
• Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement.
• Identify effective activities to address own development gaps.
• Create own development plan and review plan with team leader or manager.
• Ensure timeous, clear contracting and assessment of performance expectations in line with identified objectives and enable a learning and growth culture.
• Build management team succession plans for critical roles in own area and influence strategic resource planning of partners.

Qualifications and Experience

• Bcomm(Law), Bcomm degree, LLB degree or engineering degree. Diploma in Compliance management will be advantageous.
• CISA
• 7-10 years’ experience in regulatory risk management.