Senior Manager: Regulatory Compliance

Job Purpose

• Provide advice, guidance, recommendations on the adherence of regulatory compliance practices in client facing divisions (1st line) ensuring compliance regulatory risks are identified, assessed, and reported on for the Group. 
• Be a trusted advisor to 1st line but maintain independence of mind as part of 2nd line.

Job Responsibilities

Operational responsibilities

• Identify and manage all Regulatory requirements of the SAHL Group which includes mortgage providers and insurance companies which offer credit life and homeowners. 
• Manage the completion of all commentary and/or impact assessments request from various Regulatory Bodies including the Prudential Authority, Financial Intelligence Centre, National Credit Regulator and Information Regulator
• Provide expert guidance and recommendation and ensure our adherence to multiple laws and regulations regulating the affairs of the SAHL Group.
• Demonstrate in depth understanding of key legislations such as the NCA, FAIS Act, POPIA, FIC and other applicable laws (including subordinate legislation) that impacts the SAHL Group.
• Conduct compliance regulatory training, keeping Compliance and all internal stakeholders (1st line) informed and updated on regulatory changes and policy requirements.
• Build and maintain trusted relationships with internal stakeholders (i.e., the Division’s 1st line as well as 2nd line functions) by establishing effective partnerships to identify and manage compliance regulatory risks.
• Develop and maintain a clear understanding of the scope and nature of the business conducted by 1st line (business acumen). 
• Develop a solid understanding of all high-risk legislation that applies to the SAHL Group. 
• Keep abreast of all regulatory developments/changes that may potentially impact the SAHL Group and engage with all relevant stakeholders on a timely basis to ensure business readiness and ongoing compliance risk management.
• Contribute to the creation of a compliance culture and compliance awareness in the division by becoming a trusted advisor to 1st line (whilst maintaining independence of mind as part of 2nd line).
• Execute on all Regulatory Compliance projects (end-end) within set timelines.
• Provide advice, guidance and recommendations to 1st and 2nd line on whether regulatory compliance requirements are met.
• Ensure accurate and timely reporting on any non-compliance, the management of compliance risks, and the state of compliance in the division (1st line)
• Provide advice, guidance, and recommendations to stakeholders on the state of regulatory compliance by reporting on how key risks are being managed, highlighting areas that require immediate attention and recommend corrective action to and by stakeholders.
• Present potential compliance regulatory findings to stakeholders through formal engagement. Take an active part in all Regulatory Compliance governance.
• Assist in filing regulatory reports to the respective regulators, keeping the SAHL Group in good standing with regulatory bodies.

Qualification: 

• LLB Degree
• Admitted Attorney
• Member of the compliance institute of SA
• RE5 Accredited: Advantageous 

Minimum experience: 

• 5-7 years’ experience in regulatory compliance position, 3 of which must have been in a managerial role - preferably in financial services (financial products (a) credit and b) insurance)