Compliance Vice President

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Role Summary

Is the next step in your career at SMBC Group EMEA? We’re looking for a Compliance Advisory Vice President, for our Compliance Department in Johannesburg, to join our team. 

• The job holder’s main counterparties are the members of staff of the Johannesburg Representative Office (JRO) as well as other ME representative offices. This role will be a registered role for the JRO.
• The job holder will role also be responsible for Compliance coverage for all ME representative offices, which include Istanbul and Cairo offices and the role will require periodic travel to all these offices.
• In addition, the job holder will interact with other counterparties both internally (various teams and departments relevant to the compliance function) and externally, if required (with regulators and advisors).
• The job holder will also from time to time, be required to deputise for the Deputy Head of ME Compliance on advisory and regulatory related tasks.

Business Area

As an international financial institution with operations in various countries, the Bank is subject to the regulation of a number of different bodies, each with their own rules and requirements designed to prevent financial crime, protect customers and maintain the integrity of financial markets. 
The Bank has a regulatory responsibility to have policies, procedures, processes and controls in place in order to:
•    ensure compliance with relevant laws and regulations;
•    prevent, deter or detect improper conduct risk either by the Bank’s own staff, its counterparties, suppliers, business partners, customers or potential customers; and
•    prevent, deter and detect the commission or facilitation of financial crime.

Position Description

Accountabilities and responsibilities primarily for the Johannesburg office, but also for the other representative offices include but are not strictly limited to the following:

•    Establishing and maintaining a robust Compliance function;
•    Creating and maintaining local CPDE policies and procedures, and reviewing them at least on an annual basis to ensure that their content remains in line with applicable laws and regulations, and correctly reflects the processes in place;
•    Disseminating CPDE policies and procedures so that local members of staff have access to them;
•    Producing Management Information (MI) and reports as and when required, and, where applicable, submitting them within deadlines; 
•    Acting as a contact point for local escalation of compliance-related concerns, incidents, breaches of legal and regulatory requirements or Group policies and procedures and equivalent;
•    Acting as a contact point for local escalation of all compliance/AML related matters and to subsequently escalate these to the ME Deputy Head of Compliance.
•    Timely escalating to the CCO any matter that could have a significant impact on the local office from a regulatory perspective;
•    Providing advice and support on compliance and financial crime related matters to local staff;
•    Liaising with local supervisory authority and law-enforcement agencies as appropriate; 
•    Investigating any identified potential or actual breach of relevant rules, laws and regulations; timely reporting any breach to Senior Management and assisting in rectifying the situation;
•    Monitoring local legal and regulatory developments and updating policies, procedures, processes and controls accordingly;
•    Reviewing, agreeing and overseeing the implementation of any Internal Audit recommendations for CPDE, locally; 
•    Co-ordination and implementation of CPDE-related projects, investigations, or other ad-hoc tasks;
•    Preparing risk assessments for CCG related topics as well as supporting the preparation of SMBC MENA Compliance & AML/FC risk assessments as required;
•    Attend training courses, classes, seminars and conferences in order to be updated on legal and regulatory developments;
•    In conjunction with the EMEA Compliance Education & Communications function, developing and delivering CPDE training to local staff; 
•    Maintaining a close liaison and good relationships with all stakeholders.

Competencies

What we offer

For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:

• Hybrid and flexible working 
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance 
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services  
• Access a wide range of learning and development opportunities and career progression opportunities 
• Ambitious remuneration package

So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!