Senior Manager - Wholesale Compliance

Job Mission / Objective:

As the Senior Manager of Wholesale Compliance, you will be responsible for ensuring compliance with regulatory requirements and industry standards across various wholesale banking functions, including business, commercial and corporate banking, treasury, global markets, trade finance, and electronic business. This role requires comprehensive knowledge of wholesale banking products and operations, as well as the ability to collaborate with support functions such as operations, credit, human resources, finance, and IT. You will establish and implement compliance measures, policies, and procedures, and monitor their effectiveness to mitigate risks effectively.

Regulatory Compliance Oversight:

• Provide oversight and guidance on regulatory compliance matters related to wholesale banking 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:

• Develop and deliver compliance training programs tailored to wholesale banking staff to enhance awareness and understanding of regulatory requirements.
• Provide ongoing support and guidance to staff on compliance-related matters and inquiries.
• 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 risk assessments of wholesale banking operations to identify compliance risks and vulnerabilities.
• Develop and implement strategies to mitigate compliance risks effectively, collaborating with relevant stakeholders as needed.

Compliance Monitoring and Reporting:

• Establish compliance monitoring programs to assess adherence to regulatory requirements and internal policies within wholesale banking.
• Prepare and submit regulatory reports on compliance activities, findings, and remedial actions to senior management and regulatory authorities as required.
• Coordinate and facilitate compliance reviews and audits of wholesale banking activities to assess compliance with regulatory requirements and internal policies.
• Develop and implement corrective action plans to address findings from compliance reviews and audits.

Training and Awareness:

• Develop and deliver compliance training programs tailored to wholesale banking staff to enhance awareness and understanding of regulatory requirements.
• 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:

• Develop, review, and update compliance policies and procedures for wholesale banking functions, ensuring alignment with regulatory requirements.
• Coordinate with relevant departments to ensure effective implementation and adherence to compliance policies and procedures
  

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.
• C(Prac) certified or studying towards (advantageous).

Work Experience:

• Minimum of 7 years of experience in compliance or regulatory roles within the banking or financial services industry, with a focus on wholesale banking.
• 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