Senior Manager, Group Compliance

Summary

The Senior Manager, Group Compliance is responsible for providing strategic support in managing the Group’s overall Compliance Programme. The incumbent will play a crucial role in safeguarding the organization and ensuring compliance with regulatory requirements. The incumbent utilizes a risk-based approach to plan, manage and develop adequate strategies and controls to enable the Group to comply with legislation, rules and regulatory guidelines as well as policies and procedures established by the Group to ensure that business units are compliant. It is expected that this position will reduce the Group’s risk of financial loss, damage to reputation, regulatory sanctions and litigation, as well as fines and penalties.

Responsibilities

• • Maintain current knowledge of applicable laws, regulations and guidelines and keep abreast of pending legislative changes that may affect the business of Barita and provide advice to management in relation thereto.
• • Devise and manage a robust risk-based Compliance Monitoring Programme to ensure entities are operating within the regulatory framework applicable to their business and appropriate controls are in place to prevent illegal, unethical, or improper conduct.
• • Maintain compliance matrices with all applicable regulations, rules and guidelines and ensure appropriate controls are documented.
• • Review and/or discuss new products, programs or business initiatives, including business cases, with project managers/sponsors and ensure the impact of any regulatory requirements are being considered and incorporated into development plans.
• • Act as lead with the coordination/management of any Regulatory Examinations by the FSC/BOJ or any investigations and co- ordinate as requested.
• • Interface with regulators and internal auditor teams to ensure that reviews are satisfactorily carried and answer queries that will arise from the reviews.
• • Plan, prepare, and deliver training on compliance-related issues requirements/standards.
• • Provide support to ensure that appropriate procedures/policies are in place so that complaints (related to noncompliance) are addressed in a timely and reasonable manner
• • Ensure that adequate policies, practices and procedures have been defined include clear allocation of responsibility and detailed steps for compliance.
• • Establish a program to conduct required compliance monitoring activities under Group to ensure that instances of non-compliance to regulatory regulations or Group’s standards are appropriately reported and adequate action plans are developed and executed to ensure corrective action has been taken to avoid recurrence.
• • Where irregular activity or suspicion of irregular activity has been identified, ensure that it is investigated to ascertain the facts and institute corrective action or make recommendations for the disposition of the matter.
• • Escalate instances of litigation to minimize the risks to reputation or other penalties
• • Ensure that any necessary reports to regulators, statutory bodies and other relevant authorities are submitted as required.

Qualifications

• • A postgraduate university degree and a minimum of 5 years’ experience in the financial services industry are required.
• • Sound knowledge of the Companies Act, Securities Act, FSC and BOJ Guidance notes; the Securities Act and Regulations (including Capital Markets and Collective Investment Schemes), Banking Services Act (BSA), Pensions laws and regulatory requirements.
• • Proven track record developing and leading the implementation compliance programs, risk management frameworks and processes that align with the needs of the business.
• • Remain competent and current through self-directed professional reading, developing professional contacts with colleagues, attending professional development courses, and attending training and/or courses as directed.

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