Bidvest Bank Job Vacancies – COMPLIANCE MONITOR

Job Description:

Ensure that the Bank’s operations meet regulatory and internal process obligations through provision of assurance to management

Job Responsibilities:

• Develop and maintain relationships with internal stakeholders in order to deliver services.
• Identify problem areas and ensure corrective action is taken.
• Analyse and assess business/customer requirements to provide timeous solutions.
• Responsiveness: Speed of responses, reaction time, going the extra mile, turnaround time.
• Contribution to making the department a great place to work
• Effort to forge & maintain quality inter-personal relationships.
• Support and drive the business’s core values.
• Maintain a positive attitude and drive.
• Respond openly to feedback.
• Promote the sharing of knowledge.
• Show willingness to help others.
• Manage one’s own emotions (i.e. handling stress in a manner that does not disrupt the team effectiveness).
• Open to feedback and constructive criticism of performance.
• Provide input to the design of the Compliance Monitoring Annual Plan, effectively analysing and evaluating the risks to the business to identify the areas where assurance is required.
• Performing complex Monitoring reviews and developing and maintaining working papers in support thereof in compliance with applicable policies and procedures.
• Providing advice and guidance to the business on necessary actions to achieve regulatory compliance, addressing any issues arising from monitoring reports.
• Reporting to management on levels of Compliance Assurance and/or any issues arising from specific monitoring activity.
• Sharing Compliance expertise with the team, providing support, guidance and training when needed.
• Develop and maintain Risk Management Plan’s (RMP’s) where required which will also serve as part of the working papers.
• Continually improve Compliance Review systems and processes, with a focus on business service levels, productivity, efficiency and customer service.
• Ensuring Regulatory and Conduct Monitoring independently assesses how the bank consistently delivers fair customer outcomes and meets regulatory requirements, to encourage safe growth and protection of the Bank from regulatory and/or conduct risks associated with business activity.
• Complete reports and identify trends/root cause.
• Ensure business address root cause of findings so as to prevent recurrence.
• Work closely with audit to ensure there is no overlap of efforts.
• Responsibility for maintaining accurate records in relation to open findings and actions and the management of the tracking process. Ensuring that reporting to the business is accurate and timely.
• Complete effective assessments of evidence submitted by business areas to close findings and individual actions and make appropriate recommendations in this regard.

Job Requirements:

• Bcom law/Business/Compliance Qualification
• Experience At least 1-3 years of practical experience in a similar role
• Law /Regulatory experience
• Knowledge, Skills and Abilities Required (Competencies & level of competencies)
• Ability to identify weaknesses in the control environment and implement changes
• Ability to prioritize and manage multiple tasks
• Attention to detail with strong analytical skills
• Ability to work independently and meet deadlines
• Ability to operate effectively under pressure
• Sound understanding of Banking regulations
• Previous experience as a monitor is advantageous
• Knowledge of financial industry products and services would be advantages
• Sound understanding of regulations and procedures
• Previous experience of working within a financial institution
• Previous experience as a monitor is advantageous
• Sound understanding of Banking regulations
• Project management skills
• Strong written and verbal communication that is articulate, delivered professionally, can influence, negotiate and generate commitment through appropriate positioning.

Job Details:

Company: Bidvest Bank

Vacancy Type:  Full Time

Job Location: Sandhurst

Application Deadline: N/A

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