Compliance Officer : Monitoring and Reporting at Capitec Bank

What you will do

Alignment of Internal Compliance Policies, Processes and Systems with Legal and Regulatory Requirements

• Assess all existing products, policies and processes to determine whether the bank is fulfilling its legislative obligations and ensure that products, processes and policies meet regulatory expectations from a legislative, efficiency and fair policy perspective.

Compliance Assurance Reviews

Planning:

• Efficiently and effectively conduct planned compliance reviews in accordance with the approved monitoring coverage plan, within allotted time frames and in line with the Monitoring Standard.
• Identify the scope and testing approach for allocated regulatory engagements.
• Independently assess and create a monitoring programme/plan.

Testing of controls:

• Conduct fieldwork including performing walkthroughs, sample testing and validation of potential issues.
• Use of data analytics and scripts during testing to create efficiencies and create continuous monitoring opportunities.

Reporting:

• Draft reports which include rationale for findings, detailed root cause analysis, risks posed, and action required to address the identified risks.
• Collaborate with risk owners and management to agree on appropriate action plans that address identified root causes.
• Produce consistently high-quality outputs within agreed deadlines. Reporting that is: clear and understood by recipients. Accurate, valid and supported by evidence.
• Provide timely feedback to the Manager: Monitoring & Reporting with progress on identified issues and observations raised.

What you will bring

• National Diploma or Bachelor’s Degree in (Law, Risk Management, Accounting or Auditing)
• 5 years’ financial services compliance /legal advising/ internal auditing/ risk management
• Stakeholder management at all levels and up to Exco
• Holding responsibility for oversight of all regulations and Acts relating to financial services generally.
• Working as part of a multi-disciplinary team (IT, Business etc.)
• Proven experience in stakeholder management and influence.