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SOUTH AFRICAN POST OFFICE (SAPO) - POSTBANK CLIENTS ON BOARDING - BLOEMFONTEIN
ADVERT
INTERNAL/EXTERNAL
Job Title Manager- L5/6: Postbank Clients On Boarding - Bloemfontein
Reports to HEAD OF OPERATIONS
Summation
Support Postbank Operations by ensuring adherence to legal standards, in-house policies and the execution of the Risk Management and Compliance Programme (RMCP) with regards to: the establishment and maintaining of an efficient regulatory risk and compliance management environment, by ensuring the development, implementation, maintenance, overseeing and compliance to the RMCP, Client Due Diligence standards, processes and procedures as adopted by the Postbank Board.
Key Responsibilities
• Participate in the compilation and maintenance of risk management policies, non-conformance issues, procedures and methodologies in line with all statutory & regulatory requirements, best practice standards and business practices
• Facilitate the operationalization of the RMCP as far as quality evaluation of Postbank / SAPO’s customer on boarding procedures and requirements to support the undertaking of risk and compliance assessments as well as the development and deployment of any identified remedial actions and RMCP strategies
• Implement and support effective operational CDD, SDD and EDD process, procedures and systems appropriate controls to ensure compliance with the Financial Intelligence Centre Act (as amended) (FICA).
Revise procedures, reports etc. periodically to identify hidden risks or non-conformity issues
• Guide and monitor accurately reporting on control effectiveness, status of the risk and compliance and progress of corrective action implementation
• Manage the CDD, process (individual, group and corporate customer accounts) on boarding process and ensure compliance at all times.
• Participate in the development, deployment, maintenance and control of an efficient and accurate MIS and Document management system.
• Monitor and report on AML/CFT risk management and compliance issues where indicators prompt attention/involvement.
• Participate in the compilation and maintenance of risk management policies, non-conformance issues, procedures and methodologies in line with all statutory & regulatory requirements, best practice standards and business practices
• Facilitate the operationalization of the RMCP as far as quality evaluation of Postbank / SAPO’s customer on boarding procedures and requirements to support the undertaking of risk and compliance assessments as well as the development and deployment of any identified remedial actions and RMCP strategies
• Implement and support effective operational CDD, SDD and EDD process, procedures and systems appropriate controls to ensure compliance with the Financial Intelligence Centre Act (as amended) (FICA).
Revise procedures, reports etc. periodically to identify hidden risks or non-conformity issues
• Guide and monitor accurately reporting on control effectiveness, status of the risk and compliance and progress of corrective action implementation
• Manage the CDD, process (individual, group and corporate customer accounts) on boarding process and ensure compliance at all times.
• Participate in the development, deployment, maintenance and control of an efficient and accurate MIS and Document management system.
• Monitor and report on AML/CFT risk management and compliance issues where indicators prompt attention/involvement.
• Development and overseeing the deployment of control systems/reports to prevent or deal with violations of regulation, guidelines and internal policies
• Participate in the development, deployment, maintenance and control of an efficient and accurate front end system to ensure and maintain that appropriate customer information fields are created/maintained in accordance with the RMCP and the requirements for regulatory reporting of Cash- Threshold-, Suspicious Transaction/Activity- and International Funds Transfer Reports as part of the customer on boarding process.
• Embed risk management and compliance awareness and training by establishing, facilitating, co-ordinating and guidance.
• Compilation and distribution of operational non-compliance reports and escalation.
• Evaluate the efficiency of controls and improve them continuously to ensure efficient management, control and compliance of function/ resources in accordance with the stipulations of the FIC Act, fraud prevention and risk management principles, corporate governance, legislation, company policies, processes, regulations, Delegation of Authority, etc.
• Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control
• Liaison duties between Postbank and SAPO and recovery of losses due to FICA non-compliance (as per PONC list).
Minimum Requirements
Qualifications:
Bachelor’s Degree (NQF Level 7) E.g. Risk Management, Auditing, Compliance
Certification in Governance, Fraud, Risk Management, AML/CFT will be an advantage
Experience:
Minimum of 3 years applicable experience in a Banking environment or Public Financial Entity (Government Department / SOE / Parastatal) will be an advantage
In-depth knowledge of the banking industry’s standards and regulations
Excellent knowledge of reporting procedures and record keeping
Sound knowledge of risk management best practices and methodologies such as IRMSA standards, COSO risk management standards, etc.
Knowledge of applicable legislations, regulations, internal policies and procedures that affect any activity of Postbank Savings Operations with specific reference to the FICA,CPA, POPI and FAIS Acts.
Risk and Compliance assessment methodologies with specific reference to risk/ control identification, cause analysis, risk/ control evaluation, remediation and mitigation strategies as well as reporting
Sound understanding of Postbank’s Strategy and Objectives
Corporate governance
Skills: Quality Management; Makes Effective Decisions ; Managing complexity; Planning and organising; Problem solving; Project Management; Team building and leadership; Presentation and Facilitation; Innovative; Relationship management - internal and external politics; Communication; Interpersonal skills; Listening skills; Mentoring skills; Motivational skills; Ability to conduct Compliance Risk Assessments. Technology - identifying and evaluating new tools and gauging their appropriateness for the environment; Strategic Thinking; Negotiation and conflict resolution skills; Research and Analytic skills; Computer Literacy; Effective application of risk management methods and practices
Attributes: Ability to work under pressure; Stress handling; results driven; Action oriented; Attention to detail; Business orientation; Continuous Learning/Development; Dependability/Attendance; Flexibility/Adaptability to Change; Learning ability; Positive Attitude; Problem solving; Self-driven and able to pursue a vision and objectives with tenacity and without supervision; Disciplined and integrity; Adheres to standards/processes; Coaches/Counsels/Evaluates Staff; Commitment to Continuous Quality/Process Improvement; Follows instructions; Leads Change/Achieves Support of Objectives; Perseverance; Team player; Risk aversion; Innovative; Assertive; Honesty and integrity; Integrity; Consistency; Rational; Accurate and objective reporting; Open minded; Diplomatic; Serving orientated; Command respect.
• Participate in the development, deployment, maintenance and control of an efficient and accurate front end system to ensure and maintain that appropriate customer information fields are created/maintained in accordance with the RMCP and the requirements for regulatory reporting of Cash- Threshold-, Suspicious Transaction/Activity- and International Funds Transfer Reports as part of the customer on boarding process.
• Embed risk management and compliance awareness and training by establishing, facilitating, co-ordinating and guidance.
• Compilation and distribution of operational non-compliance reports and escalation.
• Evaluate the efficiency of controls and improve them continuously to ensure efficient management, control and compliance of function/ resources in accordance with the stipulations of the FIC Act, fraud prevention and risk management principles, corporate governance, legislation, company policies, processes, regulations, Delegation of Authority, etc.
• Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control
• Liaison duties between Postbank and SAPO and recovery of losses due to FICA non-compliance (as per PONC list).
Minimum Requirements
Qualifications:
Bachelor’s Degree (NQF Level 7) E.g. Risk Management, Auditing, Compliance
Certification in Governance, Fraud, Risk Management, AML/CFT will be an advantage
Experience:
Minimum of 3 years applicable experience in a Banking environment or Public Financial Entity (Government Department / SOE / Parastatal) will be an advantage
In-depth knowledge of the banking industry’s standards and regulations
Excellent knowledge of reporting procedures and record keeping
Sound knowledge of risk management best practices and methodologies such as IRMSA standards, COSO risk management standards, etc.
Knowledge of applicable legislations, regulations, internal policies and procedures that affect any activity of Postbank Savings Operations with specific reference to the FICA,CPA, POPI and FAIS Acts.
Risk and Compliance assessment methodologies with specific reference to risk/ control identification, cause analysis, risk/ control evaluation, remediation and mitigation strategies as well as reporting
Sound understanding of Postbank’s Strategy and Objectives
Corporate governance
Skills: Quality Management; Makes Effective Decisions ; Managing complexity; Planning and organising; Problem solving; Project Management; Team building and leadership; Presentation and Facilitation; Innovative; Relationship management - internal and external politics; Communication; Interpersonal skills; Listening skills; Mentoring skills; Motivational skills; Ability to conduct Compliance Risk Assessments. Technology - identifying and evaluating new tools and gauging their appropriateness for the environment; Strategic Thinking; Negotiation and conflict resolution skills; Research and Analytic skills; Computer Literacy; Effective application of risk management methods and practices
Attributes: Ability to work under pressure; Stress handling; results driven; Action oriented; Attention to detail; Business orientation; Continuous Learning/Development; Dependability/Attendance; Flexibility/Adaptability to Change; Learning ability; Positive Attitude; Problem solving; Self-driven and able to pursue a vision and objectives with tenacity and without supervision; Disciplined and integrity; Adheres to standards/processes; Coaches/Counsels/Evaluates Staff; Commitment to Continuous Quality/Process Improvement; Follows instructions; Leads Change/Achieves Support of Objectives; Perseverance; Team player; Risk aversion; Innovative; Assertive; Honesty and integrity; Integrity; Consistency; Rational; Accurate and objective reporting; Open minded; Diplomatic; Serving orientated; Command respect.
CONTACTS
The South African Postbank SOC Limited is committed to the achievement and maintenance of diversity and equity in employment, especially with regard to race, gender and disability. In compliance with the banks employment equity plans, first preference will be given to candidates from designated groups. Correspondence will be limited to short listed candidates only.
If you wish to apply and meet the requirements, please forward your Curriculum Vitae (CV) to Leonie.viljoen@postbank.co.za.
Please indicate in the subject line the position you are applying for.
Closing date: 05 November 2021
Position numbers: 60066624
Cost Centre: 459642
If you do not hear from the South African Postbank SOC Limited or its Agent within 3 months of this advertisement, please accept that your application has been unsuccessful. The South African Postbank SOC Limited reserves the right not to fill the positions or to re-advertise the positions at any time.
POPIA provides that everyone has the right to privacy and it includes a right to protection against the unlawful collection, retention, dissemination and use of personal information. By applying for employment you consent to the processing of your personal information with Postbank. Your personal information and any attached text or documentation are retained by Postbank for a period in accordance with relevant data legislation.