Banking Chief Compliance Officer (English and Mandarin Chinese language)

Reference: QW002C
Salary: Highly Negotiable
Start: ASAP

Banking Chief Compliance Officer required by an international bank in Johannesburg, South Africa.

Introduction:

Head of Comprehensive Risks Management Department (Chief Compliance Officer) reporting to the General Manager with an emphasis on sound knowledge and experience of the Banks Act (Basel II), AML/CFT regulations, and in the field of Compliance and Risk Management preferably with a legal background, sound understanding of Basel II requirements (Credit Risk, Market Risk and Operational Risk), general understanding of accounting standards would also be an advantage. The successful applicant must be competent in drafting reports and recommendations as well as capable of identifying, assessing, monitoring and controlling risks to safeguard the Bank.

Language proficiency requirement: The successful applicant must be competent in written and verbal communication both in English and Mandarin Chinese.

Main duties include:

• Oversees and manage the department of Comprehensive Risks Management which includes compliance, credit risk management, and Foreign Exchange risks control functions.

• Implementation of Policies and Guidelines of Head Office and the Branch regulations.

• Compliance with the Rules and Regulations of the local & host Regulatory Authorities.

• Compile Risk Management Plans and implement risk management strategies.

• Oversight of process for evaluating the overall risk profile of the Bank.

• Development of the Bank’s Risk Management Framework and coordination of risk evaluation across the Bank.

• Oversees the process & management of identifying, assessing, mitigating, controlling and reporting on key risk areas.

• Provide guidance with the bank’s Comprehensive Risks Management functions.

• Draft and submission of statutory reports to regulatory authorities and internal reports to Head Office in the field of Legal & Compliance and Risk Management.

• Represent the Bank at regulatory meetings.

• Internal Compliance and Risk Management Committees member duties.

Main Competencies required:

1. Broad Knowledge of the functioning within the banking industry and its operations

2. Strong Legal and Compliance background preferably within commercial and corporate banking

3. Ability to communicate and interpret the requirements of the Regulatory Authorities

4. Ability to communicate and interpret the policies and procedures of the Head Office

5. Ability to communicate and interpret the requirements of Basel II and risk controls

6. Understanding of the legal requirements for security documentation

7. Ability to communicate effectively with business units

8. Ability to assess risk, loss prevention as well as institute remedial action

9. Ability to draft comprehensive reports and recommendations

10. Ability to formulate solutions to improve risk control efficiencies

11. Ability to lead a team on special projects/initiatives

12. Sound managerial skills

13. Computer literacy (Word, Excel, Powerpoint)

14. Professional attitude towards tasks

Minimum qualifications / educational levels required for this position:

1. LLB or Bcom degree preferably with law/banking/risks management/accounting/ subjects.

2. Qualified attorneys practiced in Banking or financial institutions are preferred.

3. Courses relating to Compliance, Risk Management and Anti Money Laundering.

4. Any other banking, legal and compliance related courses preferable

5. Accredited or registered with professional legal and compliance bodies are preferred.

If you feel that you qualify for the position above then please forward a copy of your CV to Qiushi Wang: china@caglobalint.com