Main Purpose of the job:
The Compliance Manager will be responsible for the proactive auditing, monitoring, and assurance of regulatory and governance processes for the business unit in terms of gaming, FIC (anti-money laundering) and responsible gaming practices, as well as prescribed non-gaming business practices against statutory and regulatory standards, such as but not limited to POPI, Consumer Protection Act, anti-bribery, and corruption, OHSA and environmental legislation.
The role will provide guidance and support to the business, regarding core regulatory compliance aspects and to ensure that new product development meets all regulatory requirements and standards, and that such products are successfully implemented within the unit.
Duties and responsibilities include:
Develop own knowledge of business strategies and decisions, deals and service offerings as required by the business
Analyze and research the implication of laws, legislation, etc., that may affect the unit's compliance governance, highlighting these with management
Consider the impact of regulatory changes, identifying risks and highlighting these with management, making recommendations around application of new regulations for the business's internal regulatory standards ensuring these are implemented and embedded into operations
Review, update and communicate on all unit SOPS and ICS processes
Project manage the auditing and implementation of new and changing regulations and compliance e.g., POPI, Consumer Protection Act and Financial Intelligence Centre Act.
Works with internal stakeholders (gaming, security, internal and external auditors) to identify risk areas and address these
Support the development and review of relevant internal controls, standards and operating procedures and the practical application in line with regulatory requirements
Facilitate the implementation of the compliance and regulatory awareness program me(s) and embed compliance monitoring tools
Develop and maintain the risk management compliance program me, internal control systems and standard operating procedures
Develop and update policies and procedures around responsible gambling
Update templates and tools to reflect current trends, regulatory amendments, and legislation
Communicate regulatory and legislative changes, as well as updated policies and templates to all relevant stakeholders
Measure operational practices relative to standards through the implementation of regular and proactive compliance audits and monitoring
Conduct analyses of business data, pick up on trends and practices to identify compliance weaknesses and make recommendations and propose initiatives to remedy such weaknesses
Facilitates external audit processes and monitors the outcome of audit reports and remedial action
Develop and update the compliance repositories with articles, processes, and other relevant information
Assist in compiling quarterly board and management reports and distribute authorized reports to relevant parties
Co-ordinate and update the Compliance Calendar with key milestones and deliverables
Provides feedback on any area of non-compliance to the GM and Group Compliance Manager, making recommendations to rectify any areas of concern
Is the point of contact for all gaming regulatory authorities at the business unit
Participates and attends meetings with local Gaming Board
Prepare reports, statistics and updates regarding legislative changes and conditions of license's that impact the business including:
Gaming Board reports
Investigative/ Audit Reports
Risk Reports
Month end reports
Facilitate the completion of applications and renewals of national key employee license's, gaming licenses, business licenses, liquor licenses, and music licenses.
Prepare written responses to regulator authorities on challenges and concerns being experienced within operations
Assist HR with resolving employee licensing issue with gambling boards, and maintain ongoing communication with regulatory authorities to facilitate approval of above licenses and answering of queries relative to applications
Maintain an up-to-date database of all core licenses.
Job Requirements
Minimum requirements (Education and Experience)
Bachelor's degree in law, Auditing or Risk Management
Gaming license
Minimum 8 years' experience in a regulatory environment and / or administrative law
Experience working with regulatory bodies
Skills and competencies
Problem solving
Integrating (Collaborating, Connecting and Consulting)
Influencing
Analyzing
Decision-making
Implementing Skills
Managing Customer & Stakeholder relationships
Emotional Maturity
Managing Risk, Results and Relationships
Able to work independently
Advanced knowledge of Legislation and Regulations including gaming, FIC, POPI and SHE
Knowledge of Gaming Board license application and renewal processes
Knowledge of Gaming Board regulations and requirements
FIC (anti-money laundering) principles and application
Money Laundering
Anti-bribery and Corruption principles and application
Auditing methodologies and protocols
Protection of Personal Information principles and application
Consumer Protection Act
Financial & Business acumen
Communication skills - written and verbal
Proficient Computer Literacy skills (MS Office; EGS)
Project co-ordination
Administration skills