Role Description

Support 1st line management to deliver their business objectives within the agreed risk appetite through appropriate frameworks, tools and oversightProtect and maintain the FNZ (ZA) reputation with clients and regulatory bodiesProvide 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 safelyWork with FNZ senior management and Board(s) to implement a robust 3-lines of defence modelClear MI and reporting delivered on a timely basis, which sets out an independent view of Risks to the business, and supports a ‘no surprises’ culturePartnership 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 ICAAPImplementation and functionality of the Policy Framework across FNZ (ZA)Provide second line of defence oversight of business continuity risksTraining 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 obligationsProvide appropriate challenge at Board and Committee levelsAdequate overview of FNZ (ZA)’s financial affairsMaintain knowledge of and competence in the regulatory environment in which FNZ (ZA) operates and in the financial services industry of which it forms partThat 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 competenceSupport identification of conflicts of interest and the regular review of conflicts of interestFNZ (ZA) Information Risk ManagementLiaise with Group colleagues within Risk & Compliance to ensure consistent global risk and compliance frameworkSupport awareness and compliance with regulatory requirementsHave sufficient oversight of the systems and controls in place within FNZ to support compliance with FCA’s rules and regulationsIdentify 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 mattersTo 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 framework5-10 years’ experience working at a senior level within a regulated environmentExperience in people managementAbility 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 detailNumerateExperience in risk management and control

About FNZ

FNZ is the market leading provider of technology and administration services to major financial institutions in the platform and wealth management sectors across the globe. We partner with life companies, banks, asset managers and discretionary wealth managers to enable them to develop and distribute financial products and services to their customers across all major distribution channels.

FNZ has a strong blue-chip customer base including Standard Life, Axa Wealth, JP Morgan, HSBC, AMP, National Australia Bank, Bank of New Zealand, Friends Life, UBS, Zurich Financial and Close Brothers Asset Management. It has helped these customers grow to over £30 billion of platform assets in aggregate. FNZ now employs over 700 people with offices in Edinburgh, London, Bristol, Brno (Czech Republic), Wellington and Sydney.

Opportunities

Be part of a highly successful, rapidly growing, global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies;Remuneration and career advancement is based on individual contribution and business impact rather than tenure or seniority;We provide significant financial rewards for high performing individuals; andWe provide global career opportunities for our best employees at any of our offices in the ZA, Czech Republic, Australia or New Zealand.

About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. 

We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. 

We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).

Together with our customers, we help over 20 million people from all wealth segments to invest in their future.