Monitoring Analyst Gauteng

Discovery Limited is actively recruiting for a Monitoring Analyst position in Gauteng. This is an excellent opportunity for professionals in the Finance / Accounting / Audit sector looking to advance their careers.

• Experience Level: 3 - 5 years • Educational Background: Bachelor or equivalent • Industry Focus: Finance / Accounting / Audit • Location Preference: in Gauteng

Financial professionals like Monitoring Analyst are vital for organizational stability and compliance. This role offers the opportunity to impact business strategy and financial health.

This role in Finance / Accounting / Audit offers valuable career progression opportunities aligned with your experience level and professional aspirations.

When applying for this Monitoring Analyst position, ensure your CV highlights: • Relevant experience matching the 3 - 5 years requirement • Educational qualifications in line with Bachelor • Specific achievements in the Finance / Accounting / Audit field • Any certifications or specialized training

The Finance / Accounting / Audit sector in South Africa continues to show strong demand for skilled professionals. This position represents a valuable opportunity in the current job market.

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The Monitoring Analyst proactively identifies, assesses, reports and mitigates compliance risks across Discovery Bank. The incumbent enforces and upholds Bank’s compliance standards. The Monitoring Analyst also participates in activities that drives a strong culture of compliance and internal control.

Areas of responsibility may include but are not limited to

Manage compliance monitoring including personal account dealing, gifts and entertainment, conflicts of interest and political donations. Conduct impact assessments on key retail banking legislative and banking regulatory requirements as they relate to core retail banking processes and products. Review and strengthen control environment within the Retail Bank to ensure compliance with regulatory standards and minimise regulatory risk exposure. Report, track and monitor regulatory related risk incidents, issues and control gaps to full closure. Execute the Regulatory Compliance monitoring plan, within scope and timelines by reviewing control design adequacy and implementation effectiveness, bringing potential issues to the attention of the Senior Manager: Regulatory Compliance Monitoring. Produce reports for senior management on compliance monitoring findings, including sound and practical recommendations. Report writing and consolidation in respect of key internal to Bank committees, from a Regulatory Compliance perspective. Support the development of key compliance policies and standard operating procedures. Identify training and educational needs regarding compliance practices, make recommendations and develop training content. Support the implementation of the Compliance Risk Management Framework, and implementation of the Compliance Risk Management Plans and control gap analysis. Has an ability to advise on the establishment of effective Compliance frameworks, structures and core processes and the establishment and embedment of the same in relation to the core systems, platforms, processes, products of the proposed Banking business. Support the Senior Manager: Regulatory Compliance Monitoring, with Regulator and Audit reviews and oversee compliance actions.

Education and Experience

Bachelor’s degree that includes legal, compliance and governance. Must have 3 -5 experience in retail banking as a compliance monitoring analyst, Must have strong understanding of retail banking applicable legislation, 3 – 5 years’ experience in process, risk and control assessment and monitoring.

Compliance concepts Highly organized and methodical with close attention to detail Regulatory risk in the financial sector would be advantageous.