Role Description

• Support 1st line management to deliver their business objectives within the agreed risk appetite through appropriate frameworks, tools and oversight
• Protect and maintain the FNZ (ZA) reputation with clients and regulatory bodies
• Provide clear strategic direction with clearly defined deliverables

Summary of Focus

• Maintain Risk and Compliance frameworks, policies and tools that enables management to achieve their business objectives safely
• Work with FNZ senior management and Board(s) to implement a robust 3-lines of defence model
• Clear MI and reporting delivered on a timely basis, which sets out an independent view of Risks to the business, and supports a ‘no surprises’ culture
• Partnership and oversight to support a fully functioning Governance model across FNZ (ZA)
• As this role is covered by the Senior Managers Regime, the role holder must adhere to the FCA’s Conduct Rules and the FCA’s Fitness and Propriety Requirements.

Specific Role Responsibilities

Responsibility for the following: 

• Implementation and functionality of the Risk framework across FNZ (ZA)
• Provide assurance on the standards of risk management through regular reporting to the relevant governance committees e.g. Board Risk & Compliance Committees (“BRCC”), ZA Board and other regional Boards and Management Risk & Compliance Committees (“MRCC”)
• Responsible for the facilitation and production of the ICAAP
• Implementation and functionality of the Policy Framework across FNZ (ZA)
• Provide second line of defence oversight of business continuity risks
• Training on the risk framework is provided across FNZ (ZA), as required.
• Support a strong governance structure and that FNZ has organized and controls its affairs responsibly and effectively in line with its regulatory obligations
• Provide appropriate challenge at Board and Committee levels
• Adequate overview of FNZ (ZA)’s financial affairs
• Maintain knowledge of and competence in the regulatory environment in which FNZ (ZA) operates and in the financial services industry of which it forms part
• That the employees in the role’s areas of responsibility are competent to carry out their roles and there is adequate training in place to reach and maintain that competence
• Support identification of conflicts of interest and the regular review of conflicts of interest
• FNZ (ZA) Information Risk Management
• Liaise with Group colleagues within Risk & Compliance to ensure consistent global risk and compliance framework
• Support awareness and compliance with regulatory requirements
• Have sufficient oversight of the systems and controls in place within FNZ to support compliance with FCA’s rules and regulations
• Identify risks within the areas for which I have responsibility and support identification of top-down risks

External Liaison

• To prepare reports and liaise with clients on Risk and Compliance matters
• To liaise with auditors and consultants on Risk and Compliance matters
• This role is in scope for activities which have a direct impact on CASS processing which takes place within FNZ for FNZ and/or FNZ’s clients. This role has a requirement to remain up to date with CASS developments and changes as communicated with FNZ.

Performance Assessment

• List of measures which will be used to grade on-going performance in this role

Experience required

• In-depth knowledge of the ZA financial services and regulatory framework
• 5-10 years’ experience working at a senior level within a regulated environment
• Experience in people management
• Ability to communicate effectively at a variety of levels within a regulated environment, both internally and externally, written and verbally.
• Good inter-personal skills necessary to constructively challenge senior management where appropriate.
• Good attention to detail
• Numerate
• Experience in risk management and control