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Group IT Compliance Manager (South Africa)

Job Ref
269881
Job Type
Permanent
Employer Type
Company
Date Added 15 Nov 2016
Expiry Date 13 Dec 2016
* There have been 9 applications to this job.
* This job has been viewed 3038 times.
Employer:
Standard Bank

Location:
Gauteng

Salary:
Market related

Benefits:


Role details:
To enable the Group CIO to discharge their responsibilities required of the relevant regulatory, statutory and supervisory requirements, applicable codes of conduct, minimum standards and international best practice by providing sound advice and adopting a fit for purpose and risk appetite based approach aligned to the Group IT strategy. The Group IT Compliance Manager will be directly responsible for the development of the Group IT (South Africa) Compliance strategy and objectives and implementing it within Group IT thereby enabling:
• Group IT compliance; and
• Business compliance where business compliance requires IT change.
- - - - - - - - - - - - - -
• Identify all relevant compliance risk management stakeholders across the three lines of defence for Group IT e.g. Group IT executive and line management, Group Compliance IT, Regulatory Advocacy Group etc.).
• Clearly understand the Group IT and Group Compliance objectives and socialise this with both areas.
• Obtain good knowledge and understanding of the Group IT business and operating model.
• Collaborate with Group IT and the relevant compliance stakeholders to ensure alignment and prioritisation of compliance objectives and initiatives / activities.
• Collaborate with other risk related functional areas e.g. Group IT Risk, Integrated Operational Risk, and IT Security etc. to leverage work done in those areas.
• Ensure regular interaction with Group IT line management and compliance stakeholders to remain current with their needs and on their level of compliance.
• Ensure relevant IT line management clearly understand their compliance risks and issues relevant to their areas of accountability and responsibility;
• Provide ad-hoc consulting and commercially pragmatic compliance advice to Group IT.

Socialise the Group IT compliance strategy and objectives with all compliance stakeholders.
• Provide advice, support and direction to ensure clarity of compliance requirements.

• Consider all compliance stakeholder requirements in the development of compliance strategy for Group IT (SA), ensuring a fit for purpose approach aligned to Group IT strategy and risk appetite that will:
o Protect the reputation of Group IT;
o Protect Group IT from sanctions and penalties;
o Avoid legal action against Group IT;
o Promoting a good working relationship with supervisors/regulators; and
o Enabling Group IT to demonstrate that it is “fit and proper” to undertake its business.
• Work with Group IT executive and line management to implement the Group IT Compliance strategy.
• Ensure that the requirements of Group Compliance policies are being correctly applied to achieve the desired level of compliance.

Enabling IT regulatory compliance
• Work with Group Compliance to determine the Group IT regulatory universe for both current and impending legislation.
• Unpack the Group IT regulatory Universe to:
o Assess applicability and level of compliance necessary for Group IT;
o Determine which IT functional areas and line managers are accountable and responsible for implementing system changes and / or controls that will achieve the desired level of compliance;
o Work with Group IT line management to ensure sufficient understanding of the compliance requirements to determine system and process changes required to ensure Group IT compliance;
o Assess the current compliance control environment to determine whether any further commercially pragmatic treatment aligned to risk appetite and strategy is required;
o Recommend controls that may be used to address the gaps, and recommend how existing controls could be enhanced where possible.
o Complete the Group IT Compliance Risk Management Plan (CRMP);
o Monitor and report on progress towards achieving the CRMP and escalate matters where there is a likelihood of missing targets;
Enabling business regulatory compliance
• Work with the Regulatory Advocacy Group function to remain aware of emerging legislation or planned to;
o Ensure understanding of the impact to business to determine where Group IT will need to support business compliance through system changes;
o Analyse and document the nature of changes that may be required from an IT perspective;
o Communicate any system implication to the relevant CIO to enable them to assess the level of change required and plan ahead to manage change the bank demand; and
o Work with the accountable IT executives to ensure that they are executing against plan.
Enabling staff compliance
• Work with Group Compliance to determine the training requirements for Group IT staff.
• Drive completion of compulsory staff Compliance training across Group IT.
• Deal with individual staff non-compliance and compliance breaches on a case by case basis and work with all stakeholders to remediate wherever possible.

Occupational Health and Safety
• Work with the IT OHS function to ensure compliance with health and safety requirements.

Provide a view of the current level of compliance in Group IT and determine what effort is required to achieve the desired level of compliance.
• Establish relevant metrics and management information to facilitate reporting and decision making.
• Prepare and discuss compliance reports for and with the IT business partners indicating their profile and highlighting areas where urgent attention is required.
• Complete compliance reports for Group IT Committee, Group Manco, Group IT Risk and Compliance Committee, etc. whenever required.
• Assist in the preparation for and response to ad-hoc SARB requests, on-site visits and reporting requirements relating to compliance.
• Participate in the development of new and the annual review of existing risk related policies, standards and guidelines by providing input to enhance the quality and completeness of these documents.

Job Function: Risk Management
Job Family: Compliance
Years: 7-10 years
Experience Description: Working in a compliance function in the financial services industry, preferably in a bank and / or in an IT related function. Awareness of regulatory requirements, Understanding of legal issues and the ability to interpret legislation

Behavioural Competencies:
Examining Information
This competency serves to aid effective problem solving and requires being effective at probing and analysing situations efficiently and accurately. This competency is important because without sufficient analysis, effective solutions become less probable. In addition, poor analysis makes it more likely that individuals become confused and anxious, bored, error prone or overwhelmed by detail, which also impacts negatively on successful problem solving.
Adopting Practical Approaches
Adopting practical solutions with an emphasis on learning by doing. This competency requires individuals to utilise common sense when required. Ultimately, this competency is important in order to ensure that organisations implement feasible solutions.
Providing Insights
This dimension is about providing insight with regards to aspects that are likely to have an impact on the organisation. It is about making it clear to others what the implications of internal and external organisational environmental factors and processes are on the competitive position of the organisation. “Providing Insights” should be done with a focus on improving the situation.

Challenging Ideas
This competency is about an individual facilitating or catalysing change in an organisation. ''Challenging Ideas'' emphasises individual behaviours associated with questioning assumptions, challenging established views and arguing personal perspectives
Establishing Rapport
This competency is about the behaviours an individual should employ in order to effectively engage people, establish positive personal contact and improve the likelihood of maintaining positive relationships. This competency is therefore about putting people at ease, making friends and helping people feel welcome
Interacting with People
This competency is about fostering relationships that benefit the organisation as well as an individual’s effectiveness and efficiency. More specifically, it includes personal networking behaviours, making contact with others and strengthening relationships.

Team Working
This competency is about working well in a team. In order to develop this competency, individuals are encouraged to acknowledge the views and contributions of others, and to involve others in decision-making.
Resolving Conflict
This competency is about effectively dealing with disagreements and conflict in the workplace. In order to demonstrate being competent at resolving conflicts in the workplace, individuals are expected to demonstrate that they are able to effectively handle angry individuals and emotionally charged situations.

Communication Skills
Competency Description: Ability to express ideas by means of clear and effective writing, in order to support professional communication internally within the Bank and externally.
ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others

Legal Knowledge
Competency Description: Knowledge of applicable legislation and the legal policies and procedures pertaining to the local, regional and relevant international laws.
EXPERT - Provides leadership in this field both within the organisation and in the larger industry

Financial Industry Regulatory Framework
Competency Description: Insight into and understanding of the various laws and regulations regulating the financial services industry.
EXPERT - Provides leadership in this field both within the organisation and in the larger industry

Legal Knowledge
Competency Description: Is able to comply with relevant legislation, regulatory and professional standards.
EXPERT - Provides leadership in this field both within the organisation and in the larger industry

Risk Management
Competency Description: Demonstrates knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk.
SEASONED - Applies concepts without requiring supervision, able to provide technical guidance when required

Competency Label: Risk Measurement
Competency Description: The ability to define and analyse risk identification information in a quantitative and/or qualitative way.
Proficiency Level: SEASONED - Applies concepts without requiring supervision, able to provide technical guidance when required

Competency Label: Risk Response strategy
Competency Description: The ability to facilitate the creation and adoption of an appropriate risk response strategy and to assign ownership for the risk response.
Proficiency Level: SEASONED - Applies concepts without requiring supervision, able to provide technical guidance when required

Competency Label: Evaluating risk management effectiveness
Competency Description: The ability to determine if risk management and control measures are achieving the desired results and mitigating risks at the expected level.
Proficiency Level: SEASONED - Applies concepts without requiring supervision, able to provide technical guidance when required

Competency Label: Risk Reporting
Competency Description: The ability to prepare quantitative and qualitative analysis on the risk landscape in the business including interpretation and analysis for use by business users.
Proficiency Level: ADVANCED - Mastered the concept, able to act independently, provides guidance and training to others

Leading Courageously
Competency Description: Believing in oneself, own judgement, skills and experience, and using this self-confidence to challenge others for the benefit of Standard Bank.
Proficiency Level Description: '3 Has confidence to bring conflict into the open to be resolved; Is able to confront others (peers, boss, etc.) or brings disagreement into the open with the purpose of resolving it, landing on a decision, to ensure action. Is open and honest when communicating with others (''straight talk''). Challenges popular values, decisions and opinions to ensure that actions are taken in the Bank's best interest. Takes action in defiance of corporate rules and procedures for the greater good of the business and its stakeholders. Accepts personal risks and/or consequences of failure and persist in the face of opposition or fear.

Seeking Deeper Understanding
Competency Description: Copy from Leadership Library
3 Seeks to understand/get a broad and objective external view; Extensively looks outside the Bank to understand the market, competitors, customers, etc. Takes a global/macro perspective based on objective data. May include cross-country analysis.

Purposeful Collaboration
Understands and leverages the dependencies across the organisation and the impact of own actions on the rest of the organisation to create organisation alignment for decision-making and delivery of quality outcomes.
Ensures cross-functional alignment to take action; Uses a clear, disciplined process to fearlessly work from purpose and principles to decisions. Takes decisions as a group considering the input gathered to ensure cross-functional alignment. Commits to the group decision, and owns and implements the decision

Influencing Others
Effectively and strategically influences across the organisation, based on previously established credibility and respect, as well as understanding the organisational dynamics, politics and interpersonal context.
'3 Tailors the strategic communications to the audience; Considers the thoughts, concerns, interests and personality of the audience when defining the influencing strategy. Adapts settings, words, presentation, and use of third parties or experts when attempting to influence decision makers or stakeholders. Engages the audience at an emotional level based on genuine personal conviction.



 
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