Manager: Compliance at Capitec Bank

Purpose Statement

• To develop strategies and operational processes for Retail for the execution and embedment of compliance risk management processes as required by relevant regulatory requirements, applicable codes of conduct and minimum standards
• To be responsible for and manage compliance within the Retail to facilitate adherence to legislative requirements as prescribed by Regulation 49 of the Banks Act
• To enhance the compliance culture by developing and maintaining a thorough understanding of the relevant regulatory requirements and the global regulatory environment and best practice principles applicable to the bank 

Experience

Min:

• 5+ years’ experience in a compliance role (over and above qualification)
• Experience in respect of the practical application of relevant laws and regulations is essential
• Understanding of legal issues and the ability to interpret legislation in respect of the retail/business banking environment.
• Exposure to monitoring principles and practices
• Strong business knowledge 
• Previous experience in managing a team (minimum 2 years)

Ideal:

• Experience in a banking or financial services industry (credit providers, retail/business banks, etc.) 
• Proven experience in the application / use of risk related software packages:
• EXCLAIM software
• Experience in dealing with compliance issues similar to those applicable to the bank
• Exposure to providing training / public speaking
• Managerial budgeting

Qualifications (Minimum)

• Grade 12 National Certificate / Vocational
• Honours Degree in Law or Commerce

Qualifications (Ideal or Preferred)

• Post Graduate Diploma in Business Management or Risk and Compliance

Knowledge

Min:

• Knowledge and experience of implementing and being accountable for compliance frameworks/strategies in a retail/business banking environment
• Solid understanding of compliance regulation best practice and guidance 
• Knowledge and understanding of compliance and operational risk regulatory requirements 
• Knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk 
• Understanding of financial services business processes, especially in the retail/business banking environment.
• Development and implementation of risk management and reporting
• Understanding of the retail/business banking landscape.

Knowledge of:

• Commercial Law
• Legal practices
• Monitoring techniques
• Auditing processes
• Computer systems (Office – Word, Excel, Powerpoint)

Ideal:
Knowledge of:

• Legislation regarding all specified compliance monitoring areas (consumer protection, money laundering and terrorist financing, labour legislation or financial and regulatory)
• Banks’ systems
• EXCLAIM software

Skills

• Communications Skills
• Planning, organising and coordination skills
• Analytical Skills
• Reporting Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)

Competencies

• Deciding and Initiating Action
• Analysing
• Persuading and Influencing
• Learning and Researching
• Presenting and Communicating Information
• Planning and Organising
• Leading and Supervising
• Writing and Reporting

Additional Information

• Clear criminal and credit record
• Willingness to work or be available overtime and / or weekends if required
• A valid driver's license and own vehicle is preferred
• Ability and willingness to work in an open plan environment
• Willingness to travel nationally if and when required