Regulatory Compliance Analyst at Discovery Limited

Job Purpose

• The Regulatory Compliance Analyst assists in implementing  the regulatory compliance strategies of the bank. Assists in the establishment of an effective compliance function, framework and core processes for the bank. The Regulatory Compliance Analyst will also play a role in assisting with the establishment and ongoing support relating to an effective compliance function, framework and core processes for the Bank.

Areas of responsibility may include but are not limited to

• Developing an understanding of the Regulatory Compliance landscape for Discovery Bank.
• Research in order to understand the different pieces of legislation that impact the Bank.
• Collaborative engagement with the Regulatory Compliance team and internal stakeholders, to understand the controls that are in place to mitigate any risks that may arise from non-adherence to these pieces of legislation.
• Support to the Regulatory Compliance team and the Bank, by providing innovative training solutions to land the mandatory Compliance training requirements in a manner that is easily understandable and unique.
• Assist with projects, administration and Regulatory Reporting.
• Willingness to embrace new challenges and be inducted into a fast paced, innovative, progressive and future fit organisation viz. Discovery Bank.

Technical Skills

Required:

• Have an understanding of and an ability to implement Compliance Governance.
• Have an understanding of the legislative and regulatory requirements impacting the South African Banking sector, including but not limited to NCA, CPA, FAIS, POPI, Banks Act , Conducts Standards and related Codes and Regulations.
• Have detailed knowledge of the legislative and regulatory environment and reporting requirements imposed by South African Regulators (SARB, FSCA, NCR) specifically in relation to the Banks Act, FAIS and NCA.

Preferred:

• Microsoft word, Excel and Power Point.

Education and Experience

• A completed Legal degree, bachelor’s degree and/or a Compliance qualification
• At least 1 – 2 years Compliance experience in the financial services industry.
• Retail banking experience will be advantageous.