Job Openings at Rand Mutual - RMA

THE JOB AT A GLANCE

• To lead the group’s investment and financial risk management function, developing and implementing robust frameworks to identify, measure, monitor, and manage market, credit, liquidity, and asset-liability risks while ensuring alignment with the group’s risk appetite and regulatory requirements. 

WHAT WILL YOU DO?

 Financial Crime Framework Development

• Design and implement a comprehensive financial crime risk management framework aligned with FIC Act requirements and international standards
• Develop detailed policies and procedures covering AML, CTF, fraud, anti-bribery and corruption, and sanctions compliance
• Create a financial crime governance structure with clear roles, responsibilities, and reporting lines
• Establish risk-based approaches for financial crime prevention tailored to different business units
• Implement financial crime risk assessment methodologies covering inherent risk, control effectiveness, and residual risk
• Design financial crime risk appetite statements with appropriate metrics and thresholds
• Develop customer and transaction risk rating methodologies
• Create procedures for politically exposed person (PEP) identification and enhanced due diligence
• Implement frameworks for assessing financial crime risks in new products and services
• Design methodologies for financial crime risk monitoring at portfolio and transaction levels
• Develop protocols for independent testing of financial crime controls
• Create frameworks for integration of financial crime risk into enterprise risk management
• Implement methodologies for emerging financial crime risk identification
• Design approaches for financial crime data governance and quality management
• Develop frameworks for financial crime management information and reporting
• Establish protocols for regulatory engagement on financial crime matters

Risk Assessment and Monitoring

• Design and implement comprehensive methodologies for financial crime risk assessment
• Develop detailed approaches for inherent risk identification across various financial crime typologies
• Create risk scoring models for customer risk classification with dynamic adjustment capabilities
• Implement transaction monitoring scenarios and thresholds based on customer risk profiles
• Establish procedures for regular recalibration of monitoring scenarios and thresholds
• Design rule-based and artificial intelligence approaches for anomaly detection
• Develop methodologies for identifying complex financial crime patterns across multiple systems
• Create frameworks for real-time and post-transaction monitoring
• Implement approaches for monitoring high-risk customers, products, and channels
• Design methodologies for sanctions screening including list management and screening algorithms
• Develop procedures for assessing effectiveness of monitoring systems
• Create frameworks for quality assurance of alert investigation processes
• Implement methodologies for trend analysis of financial crime patterns
• Design approaches for integrating external intelligence into monitoring systems
• Develop frameworks for periodic review of high-risk relationships
• Establish protocols for technology evaluation and selection for monitoring solutions

Regulatory Compliance and Reporting

• Design comprehensive frameworks for financial crime regulatory compliance
• Develop detailed methodologies for regulatory requirement interpretation and implementation
• Create compliance monitoring programs specific to financial crime regulations
• Implement procedures for regulatory report preparation (STRs, TPRs, etc.) with quality control measures
• Establish protocols for timely submission of regulatory reports
• Design approaches for managing regulatory examinations and inspections
• Develop methodologies for addressing regulatory findings and recommendations
• Create frameworks for tracking regulatory changes affecting financial crime compliance
• Implement approaches for conducting impact assessments of regulatory changes
• Design methodologies for demonstrating effectiveness of financial crime programs to regulators
• Develop procedures for managing information requests from regulators and law enforcement
• Create frameworks for regulatory relationship management with financial crime authorities
• Implement approaches for industry benchmarking on regulatory compliance
• Design methodologies for preparing board and committee reports on regulatory matters
• Develop frameworks for attestation on regulatory compliance
• Establish protocols for crisis management during regulatory interventions

Investigation and Remediation

• Design comprehensive frameworks for financial crime investigations
• Develop detailed investigation procedures for different financial crime typologies
• Create case management systems with appropriate workflow and documentation
• Implement standardized methodologies for alert triage and prioritization
• Establish protocols for escalation of significant cases
• Design approaches for evidence gathering and preservation
• Develop procedures for conducting complex financial investigations
• Create frameworks for coordination with law enforcement and regulators
• Implement methodologies for quantifying financial and reputational impacts
• Design root cause analysis approaches for identified financial crime issues
• Develop procedures for remediation planning and tracking
• Create frameworks for applying lessons learned to control enhancements
• Implement methodologies for trend analysis of investigation outcomes
• Design approaches for managing confidentiality in investigations
• Develop frameworks for managing external investigation resources
• Establish protocols for investigation quality assurance and review

Awareness and Training

• Design comprehensive financial crime awareness and training programs
• Develop role-based training curricula for different organizational levels
• Create methodologies for assessing training needs and effectiveness
• Implement mechanisms for tracking training completion and comprehension
• Establish procedures for board and senior management education
• Design approaches for integrating financial crime awareness into organizational culture
• Develop frameworks for communicating emerging financial crime trends
• Create methodologies for measuring financial crime risk culture
• Implement strategies for promoting reporting of suspicious activities
• Design approaches for knowledge sharing across the organization
• Develop procedures for creating targeted awareness campaigns
• Create frameworks for leveraging technology in training delivery
• Implement methodologies for competency assessment and certification
• Design approaches for continuous reinforcement of key messages
• Develop strategies for recognizing exemplary financial crime risk management
• Establish protocols for measuring awareness program effectiveness

WHAT YOU'LL BRING TO THE TABLE?

• Degree in Law, Criminology, Finance or related field
• Postgraduate qualification
• Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE)
• Compliance Institute of Southern Africa membership
• 8-10 years’ experience in financial crime, fraud, or related functions
• 5 years’ management experience in financial services
• Experience with South African financial crime regulatory framework
• Experience with financial crime investigation or enforcement
• In-depth knowledge of FIC Act and related regulations
• Comprehensive understanding of financial crime typologies
• Knowledge of South African legal and regulatory environment
• Understanding of financial services products and processes
• Advanced analytical and investigation skills
• Strong project management capabilities
• Excellent stakeholder management abilities
• Superior written and verbal communication skills
• Strong influencing and negotiation skills

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THE JOB AT A GLANCE

• To provide strategic leadership in identifying, assessing, and managing legal and governance risks across the group, ensuring effective corporate governance frameworks, regulatory compliance, and alignment with industry best practices while supporting the organization’s strategic objectives.

WHAT WILL YOU DO?

Legal Risk Management

• Design and implement a comprehensive legal risk management framework tailored to the South African financial services landscape
• Develop detailed legal risk identification methodologies covering litigation, contractual, regulatory, and intellectual property risks
• Create standardized legal risk assessment tools incorporating likelihood, impact, and velocity dimensions
• Establish a legal risk register with clear ownership, controls, and mitigation strategies
• Implement legal risk appetite statements with quantitative and qualitative thresholds
• Design early warning indicators for emerging legal risks
• Develop protocols for legal risk escalation and reporting
• Establish methodologies for measuring and reporting legal risk exposure
• Create procedures for conducting legal due diligence on new ventures, partnerships, and acquisitions
• Implement frameworks for analyzing precedent-setting legal cases relevant to the organization
• Design monitoring systems for tracking regulatory enforcement actions in the industry
• Develop methodologies for quantifying potential financial impact of legal exposures
• Create legal risk awareness and training programs for various organizational levels
• Implement processes for regular legal risk control assessments
• Design frameworks for analyzing legal risk concentrations
• Establish protocols for managing external legal counsel to optimize risk management

Corporate Governance Leadership

• Design a comprehensive corporate governance framework aligned with King IV principles and financial sector regulations
• Develop detailed governance policies covering board composition, independence, and evaluation
• Create governance implementation roadmaps with clear milestones and accountabilities
• Establish governance maturity assessment methodologies and benchmarks
• Implement frameworks for evaluating board and committee effectiveness
• Design processes for director skills assessment and development
• Develop succession planning methodologies for board and committee positions
• Create governance disclosure frameworks aligned with regulatory requirements
• Implement stakeholder engagement models aligned with governance best practices
• Design conflict of interest management systems for directors and executives
• Develop frameworks for governance of subsidiaries and group structures
• Create methodologies for assessing governance culture
• Implement frameworks for delegation of authority with clear limits and controls
• Design ethics management systems integrated with governance structures
• Develop processes for governance benchmarking against industry peers
• Establish protocols for governance crisis management and business continuity

Regulatory Change Management

• Design comprehensive regulatory change management frameworks for governance-related regulations
• Develop methodologies for regulatory horizon scanning specific to legal and governance matters
• Create impact assessment templates for new regulations affecting governance practices
• Implement regulatory change implementation planning processes with resource allocation guidelines
• Establish compliance verification methodologies for implemented regulatory changes
• Design regulatory relationship management strategies for governance authorities
• Develop frameworks for monitoring regulatory enforcement trends
• Create regulatory change communication strategies for various stakeholder groups
• Implement methodologies for assessing regulatory change readiness
• Design knowledge management systems for regulatory interpretations and positions
• Develop frameworks for managing concurrent regulatory change initiatives
• Create regulatory change testing protocols before full implementation
• Implement post-implementation review methodologies for regulatory changes
• Design approaches for influencing regulatory developments through industry bodies
• Develop contingency planning approaches for significant regulatory changes
• Establish methodologies for quantifying cost of regulatory change implementation

Board and Committee Support

• Design comprehensive governance support frameworks for board and committee structures
• Develop templates and standards for board and committee charters
• Create methodologies for reviewing and enhancing governance documentation
• Implement board education programs on governance matters
• Establish frameworks for providing governance advisory services to directors
• Design processes for facilitating board and committee evaluations
• Develop approaches for enhancing board information packages and reporting
• Create frameworks for managing governance records and decision tracking
• Implement meeting effectiveness assessment methodologies
• Design approaches for facilitating strategic board discussions
• Develop methodologies for enhancing governance decision-making processes
• Create frameworks for board risk oversight effectiveness
• Implement protocols for managing confidential board matters
• Design approaches for facilitating board and management interaction
• Develop frameworks for tracking board and committee action items
• Establish methodologies for assessing governance information quality and timeliness

Strategic Stakeholder Management

• Develop comprehensive stakeholder mapping methodologies for governance-related stakeholders
• Create engagement strategies tailored to different stakeholder categories
• Implement stakeholder influence and interest assessment frameworks
• Design approaches for building strategic relationships with key external stakeholders
• Develop methodologies for analyzing stakeholder expectations and concerns
• Create frameworks for measuring stakeholder relationship effectiveness
• Implement communication strategies for governance matters with various stakeholders
• Design approaches for managing stakeholder conflicts and competing interests
• Develop methodologies for integrating stakeholder perspectives into governance decisions
• Create frameworks for reputation management related to governance matters
• Implement approaches for leveraging industry associations for governance advancement
• Design methodologies for stakeholder feedback on governance effectiveness
• Develop frameworks for communicating governance achievements to stakeholders
• Create strategies for influencing governance standards through external engagement
• Implement approaches for managing relationships with governance rating agencies
• Design frameworks for stakeholder reporting on governance matters

WHAT YOU'LL BRING TO THE TABLE?

• LLB degree (essential)
• Admitted Attorney or Advocate in South Africa
• Master’s degree in Law, Corporate Governance, or related field
• Certified Compliance Professional (CCP) or similar certification
• 8-10 years’ experience in legal or governance roles
• 5 years’ management experience in financial services
• Experience with South African financial sector regulatory frameworks
• Experience with King IV implementation and corporate governance
• In-depth knowledge of South African legal and regulatory environment
• Thorough understanding of King IV Corporate Governance Code
• Knowledge of financial services legislation
• Strong contract law knowledge
• Corporate governance best practice expertise
• Excellent analytical and problem-solving abilities
• Advanced stakeholder management skills
• Superior written and verbal communication skills
• Strategic thinking and business acumen