Senior Specialist: Risk & Compliance - Lending at Vodacom

The role of the Senior Specialist: Risk & Compliance - Lending is to assist the Executive Head of Risk and Compliance with the implementation and monitoring of risk, compliance and regulatory controls within the financial services division as it specifically relates to the lending products and services.
Your responsibilities will include:
Regulatory and Legislative Compliance Monitoring, Analysis and Reporting

• Establishing a Risk, Compliance and Regulatory framework for the various lending products within the business and sensitizing relevant internal stakeholders.
• Ability to translate and embed the credit regulations (where applicable) into existing and new business products and processes.
• Document existing controls within the business processes in order to monitor and assess their adequacy and effectiveness of the controls.
• Perform risk assessments on new products prior to launch and on existing products as and when required.
• Engage with the outsourced service providers to assess levels of risk and compliance. Recommend areas of improvement and identify action items to be put in place to rectify areas of non-compliance.

Stakeholder management
 

• Analyse complaints (internal and external) for trends and report’s findings to relevant stakeholders
• Liaise with External Regulatory Stakeholders ie. Various Ombuds, NCR etc.
• Engage with Internal (Project Support) and business stakeholders.

Assist in the implementation of the compliance training and awareness program

• Assist management to create a compliance culture and with embedding compliance principles, values and sound business practice into existing training mediums
• Assist management to create new mediums of communication to enhance compliance awareness and knowledge within the company

Financial Services Lending regulation analysis and documentation

• Assists with the analysis and documentation of regulatory compliance requirements especially as it relates to credit lending opportunities.
• Develop risk management plans for relevant legislation and maintain a regulatory universe for lending.

Assessing the risk of changes to Regulatory Environment

• Identify and track changes to existing and new laws
• Impact analysis across business processes and systems

Key performance indicators:

• Engaging with the business regarding the compliance and regulatory requirements when developing new products.
• Developing monitoring plans, conducting the monitoring, compiling monitoring reports. Reviewing the findings to identify trends.
• Liaising with service providers who are currently responsible for providing various services to the business to ensure that they have the minimum compliance and risk standard within their business.
• Assist with any compliance training and awareness programs and reviewing training material to ensure that it is in keeping with the defined standards.
• Record the controls that are being implemented within the business against the specific regulatory environment in the form of risk management plans.

The ideal candidate for this role will have:

• 3 year Degree or National Diploma essential in BCom, LLB, BA Law, or related
• A minimum of 5 years relevant experience n risk and compliance within the banking or payments industry.
• Experience in dealing with Payments Association of South Africa (PASA)