Manager: Compliance at Capitec Bank

Purpose Statement


To develop strategies and operational processes for Retail Bank 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 Bank; 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
Minimum:


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 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 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)


Honours Degree in Law or Commerce


Qualifications (Ideal or Preferred)


Post Graduate Diploma in Business Management or Risk and Compliance


Knowledge
Minimum:


Knowledge and experience of implementing and being accountable for compliance frameworks/strategies in a retail banking environment
Knowledge and experience of implementing and being accountable for Market Conduct and Financial Crime compliance frameworks / strategies across the bank (RB & BB)
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 banking environment.
Development and implementation of risk management and reporting
Understanding of the retail banking landscape.


Knowledge of:


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


Ideal:


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)


Conditions of Employment


Clear criminal and credit record