Specialist, Compliance Risk Integration – GP, Johannesburg, 30 Baker Street at Standard Bank Group

Job Description

• The Specialist, Compliance Risk Integration is a critical role within the Standard Bank Group, tasked with the imperative responsibility of designing and implementing a comprehensive compliance risk framework across all Client Segments, Solutions, Corporate Functions, and African Regions. This position is pivotal in safeguarding the bank’s operations and reputation.

Key responsibilities include:

• Develop and execute a robust strategy for integrating Compliance Risk across all facets of the Standard Bank Group.
• Conduct thorough assessments of compliance risks, ensuring a comprehensive view of potential vulnerabilities across the entire organisation.
• Engage with and influence senior executives to ensure strict adherence to compliance standards in all operational activities.
• Implement rigorous measures to mitigate operational losses, fines, penalties, and reputational damage arising from compliance breaches.
• Establish and maintain a culture of compliance excellence, positioning it as a competitive advantage for the organisation.
• Provide expert guidance on complex compliance matters, interpreting regulatory requirements and their implications for the bank’s operations.
• Develop and oversee the implementation of compliance policies, procedures, and controls that align with both local and international regulatory standards.
• Lead initiatives to enhance compliance monitoring and reporting systems, ensuring timely detection and resolution of potential compliance issues.
• Collaborate with internal audit and risk management teams to ensure a cohesive approach to risk mitigation across the organisation.
• Stay abreast of evolving regulatory landscapes and emerging compliance risks, proactively adapting the bank’s compliance framework to meet new challenges.
• This role demands a high level of expertise, attention to detail, and unwavering commitment to maintaining the highest standards of compliance within the financial services sector.

Qualifications

Essential Qualifications:

• First Degree in Audit, Business Commerce, or Legal studies from a recognised institution

Professional Experience:

• Minimum of 8-10 years of extensive experience in Compliance within the financial services sector
• Demonstrated expertise in regulatory requirements and upcoming developments applicable to specific business areas
• Comprehensive understanding of banking products and activities

Critical Competencies:

• Profound knowledge of regulatory frameworks and reporting obligations within the financial services industry
• Proven ability to provide strategic compliance support across multiple disciplines
• Exceptional skills in driving effective risk integration initiatives

Additional Requirements:

• Demonstrated capacity to interpret complex regulatory requirements and their implications for banking operations
• Strong analytical skills with the ability to conduct thorough compliance risk assessments
• Excellent communication and influencing skills, particularly when engaging with senior executives
• Proven track record in developing and implementing compliance policies, procedures, and controls
• Ability to stay abreast of evolving regulatory landscapes and proactively adapt compliance frameworks
• The successful candidate must possess an unwavering commitment to maintaining the highest standards of compliance and integrity within the financial services sector. This role demands a high level of expertise, meticulous attention to detail, and the ability to navigate complex regulatory environments with precision and authority.

Additional Information

Behavioural Competencies:

• Adopting Practical Approaches
• Challenging Ideas
• Convincing People
• Embracing Change
• Empowering Individuals
• Establishing Rapport
• Examining Information
• Interacting with People
• Making Decisions
• Providing Insights
• Taking Action
• Upholding Standards

Technical Competencies:

• Business Acumen (Audit)
• Financial Acumen
• Process Governance
• Procurement Knowledge
• Project Management (Project Mgmt)
• Promote Good Governance, Risk & Control