Knowledgeable Compliance Manager with documented success in developing policies, leading training programs and managing reporting to achieve compliance. Methodical with exceptional presentation and communication skills. Strong background working with Regulators and private business
Hi, I’m
Nela Andrade
Compliance, Risk, Legal, Anti-Money Laundering, Financial Crimes, GDPR
Sundowner
Summary
Overview
2
Languages
Work History
Bravura Capital (Pty) Ltd
Compliance and Information Officer
Job overview
- Job Specification: Risk and Control Objectives
- Assist Bravura to meet its business needs by facing the regulatory environment
- Assist to establish and maintain a Compliance culture in Bravura that contributes to the overall objective of prudent Compliance management
- Ensure that all FAIS and FICA (and related or similar) activities and duties are carried out in full compliance with regulatory requirements and internal policies, standards and practices
- Ensure the effective and appropriate management and administration of Bravura’s Corporate Records in respect of storing, arranging, indexing and classifying records in order to meet administrative, legal and financial requirements
- Understand and manage risks and risk events (incidents) relevant to the role
- FAIS and FICA Compliance Function: To contribute strategically to the success of the Compliance function
- Contribute to the on-going improvement of the effectiveness of the Compliance team through the proactive identification of weaknesses and the implementation of solutions
- This includes contributing to and in some cases leading change projects
- Contribute to the strategic direction of Compliance through proactive input of Compliance developments in the industry, and ideas for functional change
- Share regulatory, technical product and transactional business knowledge across Bravura
- Set up, maintain, review all policies and procedures
- Ensure full compliance with relevant legislation and regulations
- Full Compliance function: Advising on Compliance matters, developing, implementing Compliance and Financial Crime Frameworks, update business on draft bills and regulatory requirements, Compliance reporting, Financial statement analysis, maintaining supervisory agreements and supervisory monitoring, Maintain Compliance plan, Maintain monitoring plan, maintain Risk Management frameworks, Maintain disclosure documentation, Compliance training, All profile changes and applications to the FSCA, Communicate and interact with the FSCA Regulator
- Full FICA Function: Advising on FICA/AML/CFT matters, updating business on draft bills and regulatory requirements, developing a Risk Management Compliance Programme, Set up, review, and implement relevant policies and procedures, Fica/AML/CFT Training, Full KYC due diligence, Pep verification
- Appointed FICA Compliance Officer
- Developing, implementing Compliance and Financial Crime Frameworks
- Responsible for all KYC, AML, Fraud and whistleblowing processes and procedures
- POPIA and Corporate Records: To maintain and/or establish document management processes across the business
- Develop and/or implement records management procedures and policies
- Ensure that all records are kept in safe custody, either in hard or electronic versions, and are easily assessable to all duly authorised users
- To ensure that relevant corporate information, including corporate memory and heritage, is available, accessible and can be identified and retrieved
- Facilitate the development of filing systems and maintain these to meet administrative legal and financial requirements
- Set up, maintain, review and document records systems
- Ensure full compliance with relevant legislation and regulations
- Full POPIA function: Advising on POPIA matters, updating on draft bills and regulatory requirements, Drafting POPIA Manual, Develop, amend, review and implement relevant polices and procedures, reporting on data breaches, POPIA Training, Implement POPIA monitoring plan, Popia Risk Management Plan
- Regulations and Regulator relations: Be a subject matter expert on regulations affecting the business, with primary responsibility for the multiple pieces of legislation and requirements
- Review, assess impact and implement Compliance changes required from new regulatory requirements affecting the business
- Provide commentary and input to industry and regulators on proposed regulatory changes and existing regulations
- Establish and maintain effective relationships with all relevant Regulators
- Setting standards: To maintain to date all policies under responsibility, ensuring Bravura’s standards and regulatory requirements are set
- To be a subject matter expert on relevant policies, ensuring full understanding
- Advisory: Provide proactive Compliance guidance and advice on an on-going basis to the business
- Respond to ad hoc queries on Compliance, regulations and policies affecting the business
- Business Monitoring: Maintain an up to date, accurate and complete regulatory risk assessment of the business
- Maintain an up to date understanding of current and future activities and products of the business through monitoring of business information and on-going liaison with business stakeholders
- Maintain an up to date understanding of the effectiveness of the control environment over regulatory risk for the business through monitoring of control assessments
- Produce monthly management information on the regulatory risk of the business, with analysis and risk assessment
- Communicate information and risk assessment to the relevant stakeholders, including Senior Management on at least a monthly basis
- Provide management information
- Record and track regulatory issues identified in the business
- Record and report Compliance breaches identified
- Training: Produce training material for the business, covering all regulatory requirements and policies under responsibility
- Provide training at appropriate intervals via e-learning and/or through face to face engagement
- Produce Compliance alerts on regulations and policies affecting the business.
Ignition Group / Viva Life Insurance Ltd
Risk and Compliance Manager
Job overview
- Job specifications: Plans, organizes, and controls the Group’s day to day operational compliance activities
- Participates in various committees, audits and examinations
- Advises the Audit and Risk Committee, Executive Management and Management of emerging compliance issues and consults and guides the Group in the establishment of controls to mitigate risks
- Issues corrective action notices to Management when compliance deficiencies are found and follows up to ensure appropriate corrective action is accomplished
- Provides technical assistance and resources to lines of business to implement new or changed legal or regulatory requirements
- Provides knowledge and technical expertise to Management for new and changed products
- Interacts with legal counsel and regulatory agencies when necessary
- Provides interpretations and clarifications of regulations
- Maintains compliance database of regulations, procedures and monitoring activities
- Oversees the compliance self-testing programs though monitoring activities
- Responsible for administration of the Group Financial Services customer complaint database
- Ensure all Group regulatory policies and procedures have been documented, implemented, communicated and followed, and implement new policies and/or procedures as necessary
- Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future
- Leadership: Ensures the compliance department activities run smoothly and efficiently by providing leadership, training and supervision
- Performs direct supervisory duties of assigned department staff, coordinates staff for coverage in assigned areas of the department, and is required to be fully knowledgeable and skilled in all areas of the department
- Directs staff in assessing and monitoring the Group’s internal controls to ensure compliance with all relevant laws and regulations through formal Compliance Audits
- Reporting: Provides reports on a regular basis, and as directed or requested, to keep the sub-committees of the Group Board’s and senior management informed of the operation and progress of the relevant compliance efforts
- Submit relevant routine compliance reports to the FSB
- Project Management: Project Management of Conduct of Business Returns.
NET1 UEPS
Compliance Manager
Job overview
- KEY PERFORMANCE AREAS: General: Assisting the Group Compliance Officer in the design, development and implementation of Compliance frameworks
- Assist in communicating key aspects of the Compliance policies and or charters and manuals to compliance stakeholders
- To assist in the design, development and delivery of Compliance Awareness and training interventions
- Identify, assess and prioritise the applicable Regulatory Requirements that the organisation is required to comply with
- Provide Compliance Advice and Services to compliance stakeholders in terms of the following major laws and regulations: Companies Act, Consumer Protection Act, POPI Act, FAIS Act, FICA Act, National Credit Act
- Communicating and reporting the Regulatory Universe and risk profile to relevant stakeholders
- Assist the Group Compliance Officer in developing a Compliance Monitoring Plan and presenting the compliance monitoring plan to management and governance stakeholders for approval
- Monitor compliance with applicable regulatory requirements relevant to the organisation and its products and/or services
- Determine Compliance reporting requirements to stakeholders and regulators/supervisors in terms of regulatory and/or organisation requirements
- Implement and maintain a Compliance reporting process and generate reports in the appropriate format
- Liaising with the various Business Units and providing assistance in updating the relevant Business Unit Risk Registers
- Generate Enterprise Risk Reports in appropriate format
- Monitoring of Compliance initiatives pertaining to the US Legislation and policies as per holding company requirements namely: (FCPA) - Foreign Corrupt Practices Act and Anti-trust matters, (OFAC) – Office for Foreign Assets Control Regulations, Sarbanes – Oxley (Sox) Act, Other ad hoc projects.
Standard Bank Insurance Brokers (SBIB) Standard Insurance Limited (SIL)
Business Compliance Officer
Job overview
- Regulatory Universe: Provides input to the PBB and Group Regulatory Universe
- Responsible for the completion and/or maintenance of a BA specific Compliance Risk Management Plans (RMPs)
- Adopts and customises PBB generic RMPs (as provided by the Centre of Excellence from time to time)
- Develops and maintains BA specific RMPs
- Ensures the appropriate use of the compliance risk management tool in his/her BA’s context
- Advisory: Analyse & identifies compliance risks and provides advice to management, relevant committees, the embedded business risk management function and employees, in order to effectively manage compliance issues
- Provides assistance and advice on compliance issues specific to the BA (new businesses, products, marketing campaigns, promotional items, trademarks and other initiatives such as projects)
- Completes the annual Compliance Critical Business Area (CCBA) review
- Facilitates the Section 52 approval and/or notification process to PBB Central Compliance
- Reputational Risk: Safeguards the reputational risk of the Standard Bank Group by ensuring the BA supports the Group’s Reputational Risk Standard and related reputational risk policies & procedures
- Ensures the BA’s reputational risk policies and procedures are in compliance with the Group Standard if the Group Policy is not adopted
- Monitoring: Creates a compliance monitoring plan in consultation with the embedded business risk management function and tracks progress thereto
- Monitors (on an on-going basis) in conjunction with the embedded business risk management function and the combined assurance structure, the adherence to the Compliance Governance-, legal- and regulatory standards in order to identify further areas of improvement and detect significant compliance breaches and exposures
- Ensures that there is a customised RMP for all high-risk legislation pertinent to the BA and in line with the compliance plan for the year
- Utilises CURA to ensure self-monitoring within the BA for all high-risk legislation as identified in the Regulatory Universe process
- Assists the BA, in conjunction with the embedded business risk management function, with the resolution of compliance audit issues
- Establishes a line of communication to the BA Exco, in order to monitor continuously PBB’s compliance with regulatory requirements
- Compliance Manuals, Standards, Policies/Procedures & Training: Responsible for the maintenance and alignment (to the PBB Compliance Manual) of a BA specific Compliance Manual
- Assists, as and when required, in the development, drafting and updating of policies and related training programmes (in as far as such assistance is aligned to L&D and Centre of Excellence initiatives)
- Ensures all training which has been tailored for the BA is signed off and, if appropriate, assists in the delivery of the training and awareness
- Customises, if necessary, Group Minimum Standards and facilitates, in consultation with the embedded business risk management function, the process of adoption thereof by the BA
- Requests dispensation when BA policies and procedures deviate from that of minimum standards
- Regulatory Requirements: Remains aware of regulatory & legislative developments, and practices of regulatory authorities, which are relevant to the BA
- Assists the embedded business risk management function and the BA in implementing existing, new and/or amended regulatory requirements
- Assesses and advises the embedded business risk management function and the BA on the impact of regulatory developments
- Provides input or comment in relation to the drafting of proposed regulatory requirements
- Feedback, Reporting & Escalation: Utilises established mechanisms for reporting and resolving non-compliance with regulatory requirements
- Immediately reports material compliance related matters to the Head of PBB Compliance
- Contributes to and involves the embedded business risk management function in the annual sustainability reporting process
- Informs PBB Central Compliance, Group Compliance and the embedded business risk management function about regulatory inspections and acts as a conduit for any significant information requests, comments and findings
- Completes formal monthly and quarterly compliance reports as may be required by various Group governance structures and regulatory requirements.
FSB
Financial Services Board (FSB) Analyst
Job overview
- Appointed in the Regulation and Supervision of Financial Service Providers
- Determine whether FSP's are complying with FAIS Act and FICA Act, and subordinate legislation FIC Act, Short and Long term Insurance Acts and Liaise with public when receive complaints or enquiries
- Analyse Financial Statements in all categories i.e Cat 1, Cat 2, Cat 3, Cat 4 FSP’s
- Analyse Compliance Reports in all categories i.e Cat 1, Cat 2, Cat 3, Cat 4 FSP’s
- Assist with profile changes of a complex nature
- Appointed to do FICA Inspections in terms of the Financial Intelligence Centre Act, no 38 of 2001
- (FICA Inspector)
- Writing of FICA reports, issuing risk mitigation reports to the FSP’s and informing FIC thereof
- Appointed to conduct FAIS Onsite visits in terms of section 4(5)(a) of the financial Advisory and Intermediary Services Act, 2002 (Act no.37 of 2002)
- Arrange and perform Compliance Onsite visits in all categories +- 275 Companies e.g
- Sanlam, Santam, Standard Bank Group, Stanlib, PPS, all Group FSP’s
- Conduct Enterprise-wide Risk of the business and Compliance visits with continuous monitoring and evaluation
- Follow up on onsite visits in all categories, i.e issue Risk Mitigation Plans
- Ability to interpret and apply in accordance with Legislative framework in terms of FICA and FAIS legislation.
Profile Media
Corporate Researcher
Job overview
- Duties include: Analyzing financial statements and commenting on them
- Applying various financial models to various industries
- Financial ratio Analysis of listed Companies
- Writing media comments for the Profile Website for investor viewing
- Dealing with Sens Announcements
- Checking data proofs and submitting them to the clients
- Solving client queries.
UAL Merchant Bank
Investment Administration Division
Job overview
- Responsible for Corporate Events: Capitalisation Issues, Subdivisions, Private & Public Placings, All Investment Administration Tasks
- Investment Management Division: Portfolio Assistant: Liaison and communicating with clients, Attending to all clients investments and clients portfolio queries, Year-end reconciliation for clients, Entering the dealing on the system and following up on them, Management Fee budgets and fees, Equities, Gilts, Unit Trusts, NCD's, BA's, Outstanding settlement transactions, Cash placed on call and on term accounts, Transfer of all income accrued to clients in respect of purchase and sale of shares, Summary of portfolio clients' income and dividends at year-end for Receiver, Dealing of B/R accounts and N/R accounts, Money Market requirements, Consolidation of Investment Performance, Inserting Performance Figures onto Excel Spreadsheets, Tabulating Performance on Charts, Faxes, letters, memos on Word 6.0, Presentations to clients on PowerPoint, Call movements, including all purchases and sale of shares, Valuations, Statements and Transactions, Worked on Hi-Portfolio system.
Econo Group
Compliance and Information Officer
Current
Job overview
- Same Role as for Bravura Capital
- I act as Registered Compliance officer for the group, advise on any legislative changes, update policies, Frameworks for FAIS and Aml, financial crime and information officer
- I create documents, policies, frameworks from scratch to customize the organisations business processes
- Am hands-on person
Education
University of WitwatersrandJohannesburg
from Post Grad in Law
12.2016
University Overview
University of JohannesburgJohannesburg
from Post Grad in Compliance
12.2014
University Overview
UNISAPretoria, South Africa
BBA from Accounting, Audit
04.2001
University Overview
Skills
Due diligence
undefinedAdditional Information
Additional Information
I have 17 years experience in Compliance, Legal, Risk Management, GDPR, Anti-money Laundering. And am a registered Compliance Officer. I have worked both in the public sector and Private sector
Timeline
UNISA
BBA from Accounting, Audit
04.2001
Compliance and Information Officer
Bravura Capital (Pty) Ltd
Risk and Compliance Manager
Ignition Group / Viva Life Insurance Ltd
Compliance Manager
NET1 UEPS
Business Compliance Officer
Standard Bank Insurance Brokers (SBIB) Standard Insurance Limited (SIL)
Financial Services Board (FSB) Analyst
FSB
Corporate Researcher
Profile Media
Investment Administration Division
UAL Merchant Bank
Compliance and Information Officer
Econo Group
Current
University of Witwatersrand
from Post Grad in Law
University of Johannesburg
from Post Grad in Compliance
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