Divisional Executive: Compliance STANLIB at Liberty Group South Africa

Purpose

• To provide strategic compliance business partnering and oversight to the Asset Management (AM) business including the Africa regions ( AR) to ensure that all licenses to operate requirements are adhered to and met continuously.

Minimum Experience

• 8 - 10 years experience in a similar environment, of which 3 - 4 years at senior management level

Minimum Qualifications

• Postgraduate Degrees and Professional Qualifications [Level TBA: Pre-2009 was L7] in Finance Economics and Accounting

Additional Minimum Qualifications

• Minimum of a Masters Degree, MBA or Equivalent.
• C PRAC (SA)
• Cat II/IIA/III

Outputs
Process

• Accountable for the formulation of functional operating models and value-chain integration, ensuring alignment with strategic objectives.
• Proactively identify problems across the function of which the causes are ambiguous and uncertain, identifies optimal alternatives and designs optimal solutions, anticipating future challenges.
• Plan for effective organisational management across the value-chain, set strategic objectives and priorities among existing services, processes or systems and new developments, and specify the required measurements to monitor performance effectiveness.
• Develop and implement a holistic compliance strategy with a key focus on enabling business strategy, keeping in mind global regulatory trends, and accommodating for the nuances in the different business unit (BUs) within AM.
• Initiate and manage various internal and external stakeholder engagements to ensure appropriate positioning of the Asset Management business.
• Represent AM in various governance structures and committees (i.e. Board Committee Meetings, Group Executive Meetings, Regulatory Meetings, and Industry Body meetings).
• Lead and direct a group of compliance professionals across various levels to ensure that strategic imperatives are implemented and executed.
• Ensure that compliance monitoring is approved by the board and implemented by the STANLIB compliance function.
• Put coherent and consistent compliance training programmes and plans in place to support business objectives.
• Identification, escalation, and remediation for potential compliance risk in a global and local context.
• Ensure consistent and timeous reporting to regulatory authorities and internal governance structures.
• Provide guidance, advisory and business support on complex compliance matters relating to strategic initiatives to ensure STANLIBs strategic objectives adhere to compliance standards.
• Ensure that compliance function remains a key business enablement instrument to ensure a compliance centric culture in the business.

Customer

• Influence and drive the implementation of a customer-centric stakeholder framework, which builds positive relationships and encourages feedback.

Finance

• Ensure that appropriate strategies have adequate financial resources for the development and implementation of critical financial plans and budgets. Influence the implementation and integration thereof across the organisation.

Learning and Growth

• Integrate and drive human resource strategies across operating units to ensure optimum utilisation of human capability through effective planning and development.

Governance

• Drive the development and implementation of integrated risk, governance and compliance frameworks, ensuring the consolidation of the risk profile for an area of accountability across the value chain, managing critical risks and providing feedback.
• Translate regulatory requirements into practical and implementable action plans to ensure BUs remains compliant with relevant statutory requirements.
• Remediate materialized compliance violations in line with relevant regulatory and legislative requirements.

Competencies
Liberty Values
Technical Competencies

• Policy implementation (Advanced)
• Compliance & operational risk knowledge (Advanced)
• Risk Knowledge (Advanced)
• Risk management (Advanced)

Behavioural Competencies

• Integrity (Advanced)
• Stakeholder Engagement and Management (Advanced)
• Strategic Thinking (Advanced)
• Analytical Thinking (Advanced)
• Organisation and Attention to Detail (Advanced)
• People Management and Empowerment (Advanced)
• Strategic Insight and Capability (Advanced)
• Governance, Ethics and Values (Advanced)
• Relationship Management and Networking (Advanced)