To ensure the bank’s full compliance with the Banks Act, including all prudential, governance, licensing and regulatory requirements issued by the Prudential Authority of the South African Reserve Bank. Provide guidance, independent oversight, interpretation, application and advisory of the Banks Act across the Group. Ensuring that regulatory obligations are translated into actionable policies, controls, and risk management practices. Play a critical role in safeguarding the bank’s license to operate, maintaining regulatory trust, and supporting sustainable growth within defined prudential boundaries. Required to ensure that all business verticals operate in alignment with statutory requirements and supervisory expectations which will assist with efficient implementation of business initiatives while reducing the risk of regulatory breaches and reputational damage. Assist the bank to respond to new directives issued by the Prudential Authority, supervisory reviews and our reporting obligations and ensure that our internal policies, frameworks and procedures remain aligned with regulatory standards Minimum Education Bachelor’s degree/Law/ Risk Management or related qualification Minimum Experience Minimum 5-7 years in a Compliance role within the banking or financial services sector. Critical Competencies Deep expertise in the Banks Act 94 of 1990 South Africa, associated regulations, and Basel III frameworks Ability to interpret complex regulatory requirements issued by the Prudential Authority Strong capability in identifying, assessing, and prioritising prudential compliance risks Skilled in leading the implementation of complex regulatory change initiatives Ability to compile compliance risk management plans and conducting monitoring activities to ensure adherence to applicable legislation Ability to analyse complex information, identify compliance risks, and recommend practical solutions Exceptional focus on accuracy to ensure adherence to regulatory requirements and internal policies Experience in providing regulatory compliance advice and training to internal stakeholders Ability in monitoring and interpreting regulatory developments and changes in legislation to ensure ongoing compliance by the Bank Agility to respond to changes in regulatory environments and business operation Familiarity with compliance monitoring tools, reporting systems, and risk management software Ability to influence and work collaboratively with stakeholders across different departments Analytical and problem-solving abilities to identify and address compliance issues Competence in drafting guidelines, regulatory submissions, policies and standards for business stakeholders Key Responsibilities Regulatory Compliance Oversight (Banks Act) Ensure full compliance with all provisions of the Banks Act and associated regulations Interpret and translate regulatory requirements into internal frameworks, policies, and standards. Provide independent review and challenge of business activities to ensure alignment with prudential requirements Maintain a comprehensive regulatory obligations register specific to prudential requirements Oversee compliance with SARB directives, circulars, and guidance notes Advisory & Regulatory Interpretation Serve as a trusted advisor to executive management and business units on Banks Act requirements Translate complex regulatory provisions into practical, implementable controls and policies Strategic initiatives Balance sheet structuring Ensure regulatory considerations are embedded in decision-making processes Develop/review risk management plans in accordance with best industry compliance practice Regularly engage with and advise the business of the relevant regulatory requirements in order to determine the necessary controls and ensure updateor amendment of operational procedures Analyse and advise on adequacy of controls to Line Management Monitoring and Reporting on adherence to Statutory and policy obligations Determine and advise the level of Compliance within each assigned business unit and entity Develop and implement a monitoring plan based on identified areas of risk and as per routine required as well as from receipt and analysis of findings from Internal Audit Prepare reports on same within timeframes Advise Line Management and compliance champions of deficiencies and recommend corrective action Maintain an issues log of deficiencies and monitor the implementation of corrective action Report instances of non-adherence to the Line Manager and the Business Unit and Head of Compliance Prepare the necessary Compliance reports for submission to the various management and governance forums Perform regular audits and compliance monitoring activities to assess adherence to policies and regulations Report findings to senior management and regulatory authorities, as required, and recommend remediation measures Launch compliance initiatives across all relevant departments, ensuring proper communication of objectives Project management of strategic compliance initiative Prepare the necessary project reports for submission to the various governance forums within the Bank Draft compliance policies and guidance documents Ensure that standard policy and process documents are in place in the various business units and that these are regularly reviewed and updated Creating awareness of legislative requirements and ensuring that staff are aware of and competent in all aspects of Compliance, inter alia through; conducting presentations Issuing compliance alerts, publishing documentation on the intranet & drafting communication and advice for internal use Advise Training Department of required training interventions in respect of new or amended laws and regulations, prepare training material as required and monitor educational outcomes Prepare information for the Line Manager and Business Unit and Head of Compliance for presentation at various levels within the bank Communicating with Regulatory Bodies/ Customer Liaise with and report to regulatory authorities required Manage and assess the quality of regulatory reporting Respond to any enquiries from the regulatory bodies Liaise with business regarding special requests from Regulators and facilitate corrective action where required Create and maintain productive relationships with internal and external clients by providing advice and assistance. Create understanding of the ‘real’ versus ‘perceived’ need through, experience and expertise while complying with company policies, legislation and regulations. Keep the client informed about progress through written communication, telephone communications and/or face to face meetings Build a positive image by exceeding client expectations at all times Treat internal and external customers fairly at all times Professionalism, teamwork and Innovation Ability to engage with and work supportively with team members Ability to add value to the efficiency of the division through process and systems enhancement including documenting and implementing enhancements Ability to inspire team members by setting an example of professional behaviour including quality of work, meeting deadlines, communicating timeously with stakeholders, giving feedback, working additional hours where required through deadlines or urgent issues to be attended Ability to identify opportunities for process improvement, efficiency and innovation and the provision of process and control advise Please note: This description might contain copy errors but reflects the role responsibilities and qualifications. #J-18808-Ljbffr