Compliance Officer at Barclays Africa Group Limited

Job description

Compliance Officer – WIMI – Employment Equity

3 Month Fixed Term Contact

A new opportunity has become available within the Compliance Function. Reporting to the Head of Compliance, be part of a professional team that interacts with the Wealth and Investment Management (WIM) business, ensuring that the relevant regulatory framework and company policy is implemented by business, that the compliance culture is embedded in business to robustly manage regulatory and reputational risks within a pressurized, deadline driven environment.

Key Accountabilities:

Stakeholder Relationship Management

• The role requires close interaction with senior members of the front office and infrastructure.
• Assisting the department to formulate, update and implement control procedures
• and policies that will ensure adequate risk management to enable business; compilation of training material and training of relevant staff; adequately monitoring instances of non-compliance with the company’s policies and procedures and generally establishing a compliance culture and creating an awareness of compliance through interaction with business.
• Continued pro-active stakeholder engagement and involvement on a business, regulator and industry level.
• Maintain good relationships with Compliance colleagues and relevant business stakeholders.
• Liaise with applicable regulators such as the SARB, FSB, and NCR depending on the allocated cluster.
• Participate in industry-related initiatives and establish networks with key role players.
• Serve as Absa nominated member of industry committees such as BASA subcommittee
• and other committees relevant to allocated cluster as requested by Head of WIM Compliance. Provide feedback to business stakeholders of compliance issues of common interest in relation to industry developments.
• Participate in Barclays committees as required by management
• Build sound relationships with key internal and external stakeholders
• Guide business through regulatory change by interpreting regulatory rules, guidance and practice notes issued by the authorities. Identify the impact of change and work with the procedures and process owners to implement change in a manner that minimises the effect on “business as usual” activities.
• Represent compliance at business meetings and ensure that the management and staff understand the effect of regulatory change on their respective business units
• Delivers effective solutions that will enable the business to achieve their growth objectives within the regulatory framework. Ensures that the business operates within the Barclays policy framework.
• Provision of proactive, real time guidance and advice on the compliance aspects of transactions and other wider organisational decisions
• Models the Barclays values and Culture
• Review all the existing compliance controls for the current businesses to ensure that current controls address all current regulatory and Group requirements.
• Deal with all regulatory contacts and associated activities in accordance with the Global Regulatory Contact Policy.
• Participate in the Compliance approval of New Product Approvals (NPA’s)
• Facilitate the submission of any Compliance Officer Reports and other regulatory reports related to allocated regulatory requirements including reviews in support thereof;
• Provide relevant, accurate and updated information on request or in terms of agreed time lines to be included in various stakeholder reports such as the Group Risk Governance and Control Committee, Group Governance and Control Committee, Group Audit and Compliance Committee, Barclays GRCB, ORC Report, Regulatory Principle
• Business Enablement:
• Ensure commercially sound Compliance guidance and support in respect of allocated regulatory requirements, endeavoring to find solutions to ensure compliance as well as the continuation of business
• Support stakeholders by providing well researched compliance opinions and articles.
• Participation and involvement in quarterly monitoring planning meetings by providing guidance IRO allocated regulatory requirements, the relevant sections to be monitored and the frequency of monitoring.

Education and Experience Required:

• Relevant degree or other relevant tertiary qualifications;
• Proven Advisory compliance experience in a top flight Asset Management and
• Wealth Management environment – minimum at least 3 to 5 years
• Must be able to qualify as a Category I and II FAIS Compliance Officer
• Strong regulatory knowledge in respect of Consumer Protection legislation (FAIS,
• CISCA, SSA, CPA, NCA) as well as Financial Services legislation.
• Proven experience in Conflicts Clearance and Research Approval
• Experience in compliance advisory in respect of banking products and investment products
• Experience in managing relationships with SA regulators and industry bodies
• Experience in developing compliance related policies, risk management plans, assessing and qualifying risks, implementing procedures and controls to mitigate risks, training, monitoring and review.

Knowledge & Skills:

Strong wealth management and asset management product and regulatory knowledge in respect of Consumer Protection legislation a must

If this opportunity is in line with your career interests and skills, we look forward to receiving your application

For further details, please contact Karen Schmoor – Resourcing Consultant – Functions – [email protected]