Our people are at the heart of our business, and our success in achieving our vision, purpose and businessstrategy depends on the quality of talent and leadership in Strate.
Regulatory and Supervisory Manager
The purpose of the role is to determine and implement a framework for enforceable compliance of regulatory requirements as prescribed by the Financial Markets Act (FMA), Strate Rules and Directives to promote the objectives of the FMA within the ecosystem of the financial markets.
• Responsible for designing, developing, testing and implementation of new or enhanced supervisory tools.• Manage the people capability to execute on the supervisory regulatory mandate and strategy.• Be responsible to 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 Strate 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 in 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.• Maintain a comprehensive knowledge of the relevant legislation, the FMA, Strate Rules, and Directives.• Be responsible for the quarterly review of Strate exam learning material.• Create a dashboard and processes to track, monitor and manage compliance reviews and investigations, that may result in outcomes that fosters improvement, insights and data integrity of enforcement statistics.• Monitor and evaluate the consistent application of Strate Rules and Directives.• Provide an analysis and reporting on compliance and violation trends.• Manage resources and employees to ensure recorded findings are complete and accurate.• In collaboration with the Head of Supervision, coordinate agency enforcement actions and information with other regulatory authorities.• Be responsible for the validation of integrity of discoveries and depositions.• Be responsible for, in collaboration with the Head of Supervision, to draft and execute where relevant communication; in writing, through outreach presentations to achieve targeted messaging that aligns to the SRO narrative in the context of the FMA.• Develop and maintain strong, open relationships with other co-regulators.• Communicate and mitigate emerging issues to Head of Supervision and where relevant to team to manage risk.• Actively participate in organisational working groups including but not limited to the Compliance Officer Forum.• Document, in a timely and complete manner, risk assessments, important communications and other relevant items in management information systems, consistent with divisional requirements, policies and standards.
Supervision of Regulated Entities/ Participants
• Ensure that Strate Supervision fulfils its regulatory, supervisory and enforcement function effectively.• Gather, organise and analyse data for regulated entities/participants and industries.• Conduct discussions with management of regulated entities/participants to gather and corroborate information aligned to our brand and code of conduct.• Identify emerging risk trends, which could have a material impact on regulated/registered entities, in order to take appropriate actions and inform the Head of Supervision accordingly.• Monitor and assess regulated entities/participants against the provisions of the FMA, Strate Rules and Directives, and enforce compliance through regulatory action and sanctions.• Perform desk-based reviews and onsite examinations.• Write clear and concise memorandums and reports.• Draw conclusions and recommend corrective actions as appropriate.• Assist with developing supervisory guidelines and tools.
•Consider on an ongoing basis whether the scope of the Strate Rules and Directives provide an adequate framework for the regulation and supervision of regulated entities/participants.• Review the process of identifying the risks and exposures that arise from the supervision and enforcement of the FMA, Strate Rules and Directives.• Monitor any emerging risks to the capital markets that may require the introduction of or amendments to the supervisory framework to mitigate the identified risks.
Technical Guidance
• Act as a technical expert in the financial and capital markets and provide internal training as needed.• Provide advice and technical guidance internally as required to facilitate timely resolution of complex problems or challenges.• Monitor developments in relevant international and regional regulatory standards and in the financial services industry and provide input and updates.
Strategy Formulation, Implementation, Planning and Projects
• Implement Supervision Division-wide strategy, business plans and policies.• Contribute to development and implementation of an authorisation and/or supervision strategy for the team, consistent with the lead regulator's goals and objectives.• Participate in and provide input to projects as required by the business/operational plan.
• Grade 12 or equivalent.• Bachelor's degree in relevant fields such as Finance, Business, Economics, Commerce/Law.• 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.
Minimum 10 years' post qualification experience, 5 of which must be managerial.• Minimum 5 years exposure and understanding of Strate's processes and procedures and 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.• Completion of Strate exams advantageous.
Market related
Contact us on: 011 759 5300