Johannesburg: Supervisory Audit Manager – CIS – JHB – 26581 posted by DataFin Recruitment

About the Role

The Supervisory Audit Manager – CIS role is a critical position within our organisation, responsible for designing, developing, testing and implementing new or enhanced supervisory tools as well as developing and executing a monitoring framework for unit trusts. The successful candidate will be expected to build and maintain an optimal, experienced, cross-functional, collaborative and inclusive team environment while managing the people capability to execute on the supervisory and regulatory mandate and strategy.

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. This may result in outcomes that foster improvement, insights, and data integrity of enforcement statistics.
• 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.

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 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.
• Industry experience involving LIPS, Collective Investment Schemes and Offshore Investments, with experience in Post Trade Services in the Capital Markets will be an advantage.
• Strong and proven knowledge and expertise in dealing with the Financial Markets Act and international regulatory standards, particularly those relating to FATF and other international standard setters such as the Financial Stability Board (FSB).
• Working knowledge and experience in management of conduct risk would be highly valued.
• Robust understanding of the responsibilities/role of the regulator and appreciation of what it means to be a risk-based regulator.
• In-depth knowledge of the Financial Services industry and its unique characteristics.

Attributes

• Excellent research and analytical skills and ability to apply judgment.
• Influential skills and ability to lead meetings and deliver difficult messages, when necessary.
• Good people and time management skills are embodied in a professional, diplomatic and ethical attitude.
• Good communication and presentation skills.
• Strong stakeholder management skills, including ability to engage effectively and confidently with international counterparts.
• Ability to work flexibly, autonomously, and co-operatively in a collaborative team environment.