PURPOSE OF THE JOB

·         The Risk and Compliance Manager:

o       Will be responsible for the risk and compliance management processes and infrastructure as a key enabler to achieve the business’ strategic objectives.

o       Will advise Senior Managements, the Audit and Risk Committees (“ARCs”) and the Boards on appropriate risk and compliance management strategies and will be accountable for the implementation of the risk and compliance management frameworks for STANLIB Africa entities and the monitoring thereof.

KEY PERFORMANCE AREAS

RISK AND COMPLIANCE MANAGEMENT: STRATEGIC KPAs

·          Develop and maintain an appropriate Risk and Compliance Management Frameworks.

·          Develop and review policies, procedures and processes continuously to ensure that they comply with the Risk and Compliance Management Frameworks.

·          Develop and implement an effective risk and compliance management reporting system.

·          Continuously track and report on financial related performance metrics against regulatory and performance or compliance requirements and make relevant recommendations.

·          Ensure that STANLIB Africa’s strategic plans provide due consideration to the relevant factors based on the risk and compliance management framework.

 

RISK MANAGEMENT: OPERATIONAL KPAs

·          Assist with the communication and implementation of the Risk and Compliance Framework within the context of the ERMF.

·          Assess and approve all policies, procedures, practices, risk documents, risk management plans, disaster recovery plans, etc. prior to implementation. Effectively implement and monitor Risk Management policies, procedures and processes.

·          Test the effectiveness of the controls within all entities and adjust accordingly and monitor all risk categories thereof.

·          Ensure the establishment of an appropriate risk reporting system and that all risk reports are concise, accurate and timely, highlighting ratios and trends that may signal existing or potential problems.

·          Implement an appropriate process for the timely reporting of risks to the STANLIB Group Executive: Legal, Risk and Compliance, STANLIB Africa Managing Directors, Management Committees, ARCs and Boards.

·          Ensure that all agreements, security documents, contracts, service level agreements and other risk documents comply with legislation, regulations and other points of reference in terms of the ERMF before signing.

·          Perform business, financial and operational risk analysis that might impact top and bottom line results.

·          Work closely with departments to establish, maintain and continuously improve risk and compliance management capabilities.

·          Ensure effective alignment between risk and compliance management processes, internal and external audit.

·          Evaluate and ensure that the new product development process is in line with the ERMF and laws and regulations.

·          Manage and control the Risk Registers and the implementation of agreed action plans.

·          Ensure that quality of service is provided by external consultants, and other professionals used by the business.

 

COMPLIANCE MANAGEMENT: OPERATIONAL

·          Interpret and apply applicable financial services regulation, including influencing business and compliance process amendments, setting policy, applying compliance risk management plans and compliance monitoring plans.

·          Deliver the regulatory training and communication programme to the business.

·          Deliver the risk-based compliance monitoring programme for the business based on industry best practice and, where appropriate, benchmarked against global standards.

·          Manage and direct the fieldwork required in terms of a risk-based compliance monitoring programme and to co-ordinate the resultant reporting to relevant governance structures.

·          Deliver accurate and timeous interpretation of regulation, business rules and compliance policies.

·          Investigate any breaches of internal compliance controls and enforce corrective action including conflict of interest (business and personal) codes as adopted by the Group.

·          Manage regulatory engagements, inspections and reporting including but not limited to the regulatory authorities.

·          Liaise with internal and external audit and CIS trustees.

·          Provide independent assurances to existing and potential stakeholders regarding STANLIB Africa entities’ compliance environment.

·          Actively participate in professional industry bodies.

·          Contribute to STANLIB Africa entities’ strategy and business planning.

·          Support the reporting to the relevant statutory bodies in Africa as well as governance structures within STANLIB Africa entities.

 

 

EDUCATION, EXPERIENCE AND SKILLS

·         An honours degree, preferably in Commerce, Law or related subjects.

·         A minimum 8 years’ experience in financial services, of which at least 4 years were in a managerial capacity within a risk and / or compliance function. Investment / asset management experience in an advantage.

·         A sound understanding of Enterprise Risk and Compliance Management principles and philosophies.

·         Knowledge of the Rest of Africa Financial Services Industry and regulatory frameworks.

·         Prior experience of designing and implementing risk and compliance management policies, procedures and processes.

·         Possess fair knowledge of credit, operational, market, compliance and legal risk management best practices.

·         Capacity for sound judgment and the ability to think strategically.

·         Strong prowess of articulation and presentation required both in the preparation of policies / strategies & presentation of the same to Senior Management.

·         Able to work with all levels of management and across all the departments.

·         Has a strong presence and can interact effectively with the Boards, ARCs, MDs and senior management.

·         Ability to analyse and interpret large volumes of data.

·         Demonstrating enthusiasm for complex risk and compliance analysis and creative problem solving.

·         An ability to understand and interpret financial information and principles.

·         Well-developed time management and organization skills including the ability to manage competing priorities in a high pressure environment.

·         Excellent leadership skills and experience, with an ability to inspire loyalty and enthusiasm

Please email your cv directly to thadusha.pillay@stanlib.com. Please quote the job title in the subject line.