Compliance Manager: Treasury, Global Markets, Trade Finance, Product & Marketing

Job Mission / Objective:

• As the Compliance Manager overseeing Treasury, Global Markets, Trade Finance, Product & Marketing within our esteemed financial institution, you will be responsible for ensuring strict adherence to regulatory requirements and industry standards across these critical areas. Your role entails developing, implementing, and monitoring comprehensive compliance programs, policies, and procedures. Your expertise in Treasury, Global Markets, Trade Finance, Product & Marketing, and exchange control regulations will be pivotal in effectively mitigating risks and maintaining regulatory compliance.
  

Regulatory Compliance Oversight:

• Provide expert oversight and guidance on regulatory compliance matters pertaining to Treasury, Global Markets, Trade Finance, Product & Marketing activities.
• Stay updated on regulatory developments and promptly implement changes to ensure compliance across relevant business functions.
• Provide oversight and guidance on regulatory compliance matters related to Treasury, Global Markets, Trade Finance, Product & Marketing activities.
• Stay updated on regulatory developments impacting wholesale banking operations and ensure timely implementation of necessary changes.
• Develop and implement CRMPs on all legislative elements that impact Retail Banking. Target: 95% of compliance within 30 days.

Stakeholder Engagement:

• Cultivate collaborative relationships with internal stakeholders across various departments, including business units, support functions, and senior management, to foster a culture of compliance and risk awareness.
• Serve as a trusted subject matter expert on compliance matters, offering guidance and advice to stakeholders as required.
• Attend stakeholder meetings and regulatory meetings, as and when required.
• Contribute to the preparation and delivery of regular reports to various stakeholders, EXCO and Audit and Compliance Committee.

Risk Assessment and Mitigation:

• Conduct thorough risk assessments of Treasury, Global Markets, Trade Finance, Product & Marketing operations to identify potential compliance risks and vulnerabilities.
• Develop and implement robust strategies for effectively mitigating compliance risks, collaborating closely with relevant stakeholders.

Compliance Monitoring and Reporting:

• Establish and execute robust compliance monitoring programs to assess adherence to regulatory requirements and internal policies within Treasury, Global Markets, Trade Finance, Product & Marketing divisions.
• Generate comprehensive regulatory reports on compliance activities, findings, and remedial actions as required.
• Prepare and submit regulatory reports on compliance activities, findings, and remedial actions to senior management and regulatory authorities as required.
• Lead and facilitate compliance reviews and audits of Treasury, Global Markets, Trade Finance, Product & Marketing activities to evaluate compliance with regulatory requirements and internal policies.
• Formulate and execute corrective action plans to address findings derived from compliance reviews and audits

Training and Awareness:

• Lead and facilitate compliance reviews and audits of Treasury, Global Markets, Trade Finance, Product & Marketing activities to evaluate compliance with regulatory requirements and internal policies.
• Formulate and execute corrective action plans to address findings derived from compliance reviews and audits.
• Provide ongoing support and guidance to staff on compliance-related matters and inquiries.

Team development:

• To assist fellow compliance officer’s / team members in achieving project or operation goals and reporting deadlines.
• To Identify and extract any possible synergies that exist between internal audit and to develop/foster a co-operative relationship which would be to the advantage of the business.
• General compliance administrative duties.

Policies and Procedures Management:

• Lead and facilitate compliance reviews and audits of Treasury, Global Markets, Trade Finance, Product & Marketing activities to evaluate compliance with regulatory requirements and internal policies.
• Formulate and execute corrective action plans to address findings derived from compliance reviews and audits.

Personal Development:

• Be willing to learn and grow by being exposed to various disciplines within the department and not work in isolation.
• Take responsibility of personal development within the compliance sphere.
• Attend compliance related workshops, training interventions and conferences.
• Contribute by assisting in ensuring training hours are completed and training is attended.
• Ensuring attendance of business workshops and training sessions.
• Participate on industry-specific associations, standing committees, work groups and other interest groups in the financial services industry, where necessary.

Academic Knowledge:

• Bachelor's degree in Finance, Business Administration, Law, or a related field; and/or
• Appropriate professional qualification from a reputable educational institution or professional body; or
• Appropriate accredited compliance related course endorsed by the Compliance Institute.
• Successfully completed FAIS RE5 (and preferably RE1)
• Post graduate diploma in Compliance Management (advantageous)
• Member of the Compliance Institute.

Work Experience:

• Minimum of 2 – 5 years of experience in compliance or regulatory roles within the banking or financial services industry, with a focus on Treasury, Global Markets, Trade Finance, Product & Marketing activities.
• 3 years’ FAIS experience for a Cat 1 License
• In-depth knowledge of wholesale banking products, operations, and regulatory requirements.
• Understanding and ability to assess compliance risks.
• Ability to interpret legislation.
• Understanding of and ability to implement monitoring methodologies.
• Good presentation skills (Ability to provide awareness training).
• Ability to provide advice and guidance to Business.
• Ability to compose compliance related reports.
  

Skills / Specialized Know How:

• Strong understanding of Global Markets, Trade Finance, Foreign Exchange, and Market Conduct.
• In-depth knowledge of South African regulatory landscape, including FAIS, FICA, POPIA, TCF, CPA, Market Conduct Standards for Banks (MCSB), Codes of Conduct for Financial Products and Services, and other relevant legislation.
• Proven track record in developing and implementing compliance frameworks and controls.

Competencies:

• Strong verbal and report writing skills.
• Excellent analytical skills with the ability to interpret complex regulatory guidelines.  Exceptional attention to detail and accuracy in compliance related tasks.
• Effective communication and interpersonal skills, with the ability to collaborate across departments and influence stakeholders. Demonstrate ability to work effectively in a team environment and adapt to dynamic compliance requirements.
• Strong leadership skills
• Ability to manage conflict situations effectively.
• Self-motivated.
• Ability to work under pressure.

All appointments will be made in line with Access Bank’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals living with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

Employees who apply and do not hear from HR within 30 days of the closing date may assume that their application was not successful, and we thank you for applying

• Medical Aid
• Provident Fund
• Group Life Cover
• Income Disability Cover
• Funeral Cover
• Training & Development