COMPLIANCE OFFICER – DURBAN HEAD OFFICE, SOUTH AFRICA

Al Baraka Bank
Job Overview

Role: Compliance Officer

CORE PURPOSE OF THE JOB

To manage regulatory and reputational risk at the Bank

MAIN FUNCTIONS OF THE JOB INCLUDE:

  • Manage compliance within the Bank, ensuring that the Bank and its staff are complying with regulatory requirements; and supervisory requirements, best practise requirements and industry standards.
  • Develops and implements the Bank’s Compliance Programme
  • Maintains current knowledge of laws and regulations, keeping abreast of recent changes
  • Reviews and approves business policies and procedures
  • Assists business in implementing existing, new and/or amended regulatory requirements
  • Reports material compliance related matters to the Board of Directors and Executive

Management

  • Continuously seeks to establish a compliance culture that contributes to the overall objective of prudent risk management by the group
  • Reports violations or potential violations to Regulatory Authorities as and when required
  • Guides the Board of Directors, Executives, Senior management and staff on compliance
  • Submits formal monthly and quarterly compliance reports as may be required by various
  • Group governance structures and regulatory requirements
  • Works with the Human Resources Department and others as appropriate to develop an effective compliance training program for staff and management on compliance matters
  • Analyses and identifies compliance risks and provides advice to management, relevant committees, business and staff in order to effectively manage compliance issues
  • Develops and maintains a comprehensive compliance monitoring schedule
  • Liaises with Regulators and acts as the focal point of contact between the Regulator and the Bank
  • Member of Management team on Management EXCO and invited to relevant Board meetings
  • Act as Compliance representative for various Bank committees
  • Integrally involved in FAIS Compliance
  • General Assisting the Chief Risk Executive when requested

QUALIFICATIONS

  • BCom / LLB or Similar relevant degree
  • CPrac qualification will be a definite advantage
  • Diploma/Certificate in Compliance Management

PREFERRED EXPERIENCE

  • 5 years compliance management experience
  • 3 years banking experience
  • Previous legal/account experience and in working in a Compliance division

KNOWLEDGE

  • This role requires thorough knowledge of Legal compliance and risks inherent in noncompliance
  • Proficient in Microsoft Office
  • Legislation
  • Compliance processes and procedure

SKILLS REQUIRED

  • Deadline Driven
  • Prioritisation and Time management
  • Good communication skills, written and verbal
  • Ability to work under pressure
  • Excellent report writing skills
  • Good organisation skills
  • Work independently with little supervision as well as a member of a team
  • Attention to detail
  • Ability to meet strict deadlines
  • Accuracy with attention to detail
  • Trustworthy
  • Interpersonal
  • Confidentiality
  • Integrity
  • Professional
  • Initiative

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