Johannesburg: Supervisory Audit Manager CIS JHB posted by Datafin

About the Role

The Supervisory Audit Manager – CIS role at Datafin is a critical position that requires a dynamic and experienced professional to design, develop, test, and implement new or enhanced supervisory tools. The ideal candidate will also develop and execute a monitoring framework for unit trusts, ensuring compliance with relevant regulations and enforcing regulatory action and sanctions as needed.

Key Responsibilities

• Responsible for designing, developing, testing and implementing new or enhanced supervisory tools.
• Develop and execute a monitoring framework for unit trusts (collective investment schemes and global markets access).
• Build and maintain an optimal, experienced, cross-functional, collaborative and inclusive team environment.
• Manage the people capability to execute on the supervisory and regulatory mandate and strategy.
• Track, monitor and support performance outcomes for the team.
• Provide and support an Agile and structured approach to work distribution that promotes an inclusive and diverse team work ethic underpinned by corporate behaviours.
• Ensure that the team is compliant with all attributes and competencies that are relevant to the organisation and relevant to the role of the team.
• Be responsible for the development of a framework of process, systems, data for the function that promotes the objectives of the FMA and SRO function to maturity and maintain the framework to ensure relevance.
• Contribute to the development and maintenance of fit for purpose supervision and enforcement program, policies, long- and short-range goals, plans, program evaluation, and budget management.
• Provide support for escalated compliance and regulatory matters.
• Ensure queries and escalations are responded to with the required urgency.
• Maintain a comprehensive knowledge of the relevant legislation, the FMA, Financial Sector Regulation Act (FSRA), Collective Investment Schemes Act (CIS), Company Rules, and Directives.
• Keep abreast of domestic and international market research to proactively identify best practice and standards.
• Conduct research and analysis to provide for insights and opportunities as well as to mitigate for possible limitations to the supervisory function.
• Undertake ongoing global benchmarks for optimal best practice.
• Be responsible for the quarterly review of exam learning material.
• Create a dashboard and processes to track, monitor, and manage compliance reviews and investigations.
• Monitor and evaluate the consistent application of the FMA, FSRA, CIS Company Rules and Directives.
• Provide an analysis and report on compliance and violation trends.
• In collaboration with the Head of Regulation and Supervision, build, develop and maintain key strategic partnerships and stakeholder relationships to foster partnership, collaboration and understanding of the regulatory and supervisory capability in the financial market ecosystem, particularly in unit trusts.
• Develop and maintain strong, open relationships with other co-regulators.
• Communicate and mitigate emerging issues to the Head of Regulation and Supervision and, where relevant, to the team to manage risk.
• Actively participate in organisational working groups, including but not limited, to the Compliance Officer Forum.
• Participate in market-wide industry forums.
• Document, in a timely and complete manner, risk assessments, important communications and other relevant items in management information systems, consistent with divisional requirements, policies and standards.

Requirements

### Qualifications

• Matric/Grade 12 or equivalent.
• Bachelor’s Degree in relevant fields such as Finance, Business, Economics, Law and Commerce.
• A Post graduate Degree in similar fields is advantageous.
• Relevant professional membership will be required based on specialty.
• Evidence of continuing professional education relevant to the target position.

Experience/Skills

• Minimum 10 years post qualification experience, 5 of which must be managerial.
• Minimum 5 years exposure and understanding of Strate processes and procedures and experience of the securities industry.
• At least 5 years of experience with a broadly equivalent financial services regulator or financial institution with CSD related experience.
• Completion of Strate exams advantageous.
• Industry experience involving LIPS, Collective Investment Schemes and Offshore Investments, with experience in Post Trade Services in the Capital Markets will be an advantage.

Attributes

• Business Acumen
• Collaboration
• Client/Stakeholder Commitment
• Impact and Influence
• Drive for Results
• Self-Awareness and Insight
• Change and Innovation
• Diversity and Inclusiveness
• Motivating and Inspiring Team
• Growing Talent