Description

The Head of Compliance for Retail and Intermediary will lead the compliance team within the Corporate and Institutional Banking department. This role is crucial in ensuring that the organisation adheres to all relevant laws, regulations, and internal policies, particularly within the South African regulatory framework. The incumbent will work closely with senior management to implement and maintain a robust compliance culture and strategy across the business

• Develop, implement, and maintain compliance policies and procedures in line with South African legislation and international best practices
• Monitor and assess compliance risks within the Global Markets division, ensuring adherence to various regulations and rules including from the Financial Sector Conduct Authority (FSCA), the Prudential Authority, the Financial Intelligence Centre, and the Information Regulator
• Provide expert guidance on compliance matters, including anti-money laundering (AML), market conduct, and financial crime matters
• Conduct regular compliance training and awareness programmes for staff within the Retail and Intermediary division
• Lead compliance investigations and manage reporting to senior management and regulatory bodies
• Collaborate with internal stakeholders, including risk management, legal, and operational teams to ensure a cohesive approach to compliance
• Assist with the drafting and maintaining of compliance Risk Management Plans (RMPs) on applicable legislation, including the respective control environments and monitoring conducted
• Reporting – Management Information (MI)
• Develop and facilitate Business Unit training, which includes the oversight of training reporting and record keeping
• Stay abreast of regulatory changes and industry developments affecting Global Markets and ensure timely implementation of necessary changes. Relevant legislation, including the:
  • Financial Sector Regulation Act
  • Prevention of Organised Crime Act
  • Financial Intelligence Centre Act (FICA)
  • FAIS
  • Conduct Standards for Banks
  • POPIA

Experience, skills and capability

• An appropriate tertiary qualification
• Relevant specialist qualification in compliance (advantageous)
• At least 8 years post graduate/articles experience in financial services, preferably banking and or asset management

Competencies

• Strong interpersonal and communication skills
• Excellent administrative and record keeping skills
• Demonstrate responsibility and accountability
• Excellent attention to detail
• Energetic and enthusiastic
• Excellent time management skills with the ability to organise, prioritise and meet deadlines
• Self-motivated with the ability to and work independently without close supervision
• Able to work under pressure
• Strong computer literacy (PowerPoint, Excel, Word, etc.)
• Report writing skills
• Reliable and flexible

 Internal and external relationships

• Cultivate a strong relationship with business and other stakeholders
• Support and maintain strong team dynamics and culture
• Be able to communicate on all levels, including with senior management in the business units, line management, Group Compliance as well as other business unit compliance officers
• Proactively and pragmatically address business issues by finding solutions in a ‘can do' manner
• Support and maintain strong team morale and a pro-active and positive culture

Investec Culture 

At Investec we look for intelligent, energetic people filled with passion, integrity and curiosity. We value individuals who in turn value our culture that is, a flexible attitude comfortable to live with ambiguity and willing to challenge the status quo. Diversity, talent and leadership are respected in pursuit of the growth of our business. People who can manage themselves and build strong relationships in order to get things done, will perform in out of the ordinary ways in our environment.

We are committed to diversity and inclusion when recruiting internally and externally.