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Job Description

JOB SUMMARY

Reporting to the Chief Risk Officer, the purpose of OM Group Compliance is to establish and maintain mechanisms and systems of internal control to assist the OM Board of Directors and Managing Executives in meeting legal, regulatory and supervisory obligations and to promote and sustain a sound compliance culture. This includes ensuring legal and regulatory compliance implications are integrated into material strategic, financial and operational decisions. It is the responsibility of the OM Group Compliance Manager to assign clear ownership for the oversight of different categories of regulatory compliance risks facing the OM Group.

KEY TASKS AND RESPONSIBILITIES

Specific OM Group Compliance and subsidiary Compliance Function responsibilities are to:

Establish and maintain an effective regulatory compliance framework that includes a regulatory compliance strategy and appetite. Ensure an effective regulatory compliance management system is in place for identifying, assessing, monitoring, managing and reporting on material compliance-related risks to the business. Ensure the regulatory compliance management system addresses compliance-related risks on an enterprise-wide and individual operating entity basis and is embedded across the OM Group, particularly in all the regulated subsidiaries and the material operations. Implement and maintain compliance risk indicators and performance measures for monitoring the levels of compliance risk being incurred by the business in relation to the defined appetite limits. Implement and maintain adequate compliance governance structures including written policies, procedures, processes, systems and methodologies.  Oversee compliance control adequacy and effectiveness, mitigating management actions and exposure versus appetite limits and identify operating model deficiencies and capability gaps. Meet regulatory obligations applicable to the function and be aware of key issues and concerns raised by regulators, while coordinating regulatory interaction where necessary. Oversee the timely submission of all regulatory applications and returns by the business. Advise the relevant Board and Managing Executives on compliance culture, the monitoring and measuring thereof and contribute to the development and maintenance of the desired culture, including embedding principles of 1st Line risk ownership and 2nd Line independence. Advise and challenge the relevant Board and Managing Executives from a compliance perspective on strategic decision making and business planning objectives to ensure they fully understand the implications of decisions being taken and possible mitigating actions to limit compliance exposures. Develop and implement an annual functional operational plan and advise the business on the design and implementation of compliance controls and related mitigation processes, projects and change programmes. The provision of such advice may not compromise the principles of 1st Line compliance ownership and 2nd Line independence. Ensure employees undergo training on regulatory compliance obligations and the OM Code of Ethics and have access to confidential mechanisms to report compliance and ethical breaches. Report to the relevant Board and Managing Executives on:

The compliance risks to the business and on material compliance issues, including the outcome of regulatory visits, control breaks, breaches and mitigating management actions.The extent to which the business is ready to comply with new or emerging laws and regulations.The level of progress with the delivery of the annual functional operational plan and the adequacy of resources for the Compliance Function.

SKILLS AND COMPETENCIES

Interpersonal SkillsAbility to have a positive impact on the people around youIs proactive and can anticipate the needs of those the role supportsStrong communication skillsConfident and assertive, able to garner the respect of others and influence change at the Executive level and throughout the firmExcellent communication skills, both written and verbal and an ability to interact with all levels of management and staff throughout the organization

Self-Leadership SkillsAbility to structure responsibilities, tasks, and project management to eliminate wasted time and effortsAbility to manage multiple projects and competing priorities without missing deadlinesMaintains a high level of attention to detail and is highly organizedCan adapt to changing priorities and conditions throughout the day or weekAbility to respond calmly and maintain performance standards in a busy office settingAbility to maintain high service standards and problem-solve effectively when faced with new challengesEnergetic and positive attitude with a willingness to learnSelf-motivated with a commitment to excellence and high-quality standardsLeadership of OthersEffective teamwork planningEffective coaching and training of the teamRigorous team performance management

KNOWLEDGE AND EXPERIENCE

7+ years of hands-on regulatory compliance experience in the financial services industry with at least 3 years of experience being at management levelExperience working in a large financial services group would be an added advantageExperience in designing, leading and implementing robust AML and Data Protection programs is essential

QUALIFICATIONS

University degree is requiredProfessional qualifications and/or certifications in AML and Data Privacy are required. 

Identify, evaluate, monitor and communicate the organizational QA, Risk and Compliance management activities to manage the organizations exposure to risk. Ensure that the organizations risk and compliance management framework and component policies are effectively implemented and applied.

ResponsibilitiesRegulatory and Compliance Management

Help design and implement a compliance program, liaising with the regulator to ensure the program adheres to regulatory and compliance standards. This may also involve supervising the activities of a regulatory/compliance team.

Regulatory Affairs

Take responsibility for managing and delivering a designated work program.

Quality Management System

Identify, analyze, and evaluate the effectiveness of current policies and business processes that are in the scope of the quality management system (QMS); contribute to the design of the QMS; provide specialist quality management oversight to the drafting of new policies and procedures and the design of business processes; contribute to the quantification of the costs and business benefits of change.

Audit Compliance

Manage a portfolio of audit assignments. Ensure that the team plans and delivers audits that cover identified risk areas, and that appropriate corrective actions are agreed on with auditees. Resolve issues arising from audits and refer serious or contentious issues to the audit program leader.

Quality Assurance Testing Design

Validate new or existing complex test methods and procedures; identify issues and recommend improvements to contribute to further development.

Stakeholder Engagement

Contribute to stakeholder engagement by identifying stakeholders; by finding out their needs, issues, and concerns; and by reacting to these needs, issues, and concerns, arranging meetings and events and drafting supporting materials to promote understanding and commitment.

Leadership and Direction

Communicate the local action plan; explain how this relates to the function's strategy and action plan and to the broader organization's mission and vision; motivate people to achieve local business goals.

Performance Management

Respond to personal objectives and use performance management systems to improve personal performance; or monitor the performance of the team, allocate work and review completion, take appropriate corrective action to ensure timeliness and quality, and contribute to formal individual performance management and appraisal.

Organizational Capability Building

Use the organization's formal development framework to identify the team's individual development needs. Plan and implement actions to build their capabilities. Provide training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

Budgeting

Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization.

Skills

Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Legal Practices, Performance Management Design, Policies & Procedures, Procurement Performance, Project Quality Management, QA Methodologies, Regulatory Compliance Management, Requirements Development

Competencies

Balances Stakeholders

Communicates Effectively

Financial Acumen

Instills Trust

Interpersonal Savvy

Manages Ambiguity

Manages Complexity

Optimizes Work Processes

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

12 February 2025 , 23:59

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