Monitoring Analyst at Discovery Ltd.

Business Unit: Discovery Bank

Function: Banking

Date: 4 Aug 2023

Monitoring Analyst

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Bank

Discovery Bank is a bank like no other – a shared-value bank, designed with our clients in mind. We’re all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If you’re adaptable, a problem-solver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment that’s safe and nurturing.

Job Purpose

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

Manages compliance monitoring which include personal account dealing, gifts and entertainment, conflicts of interest and political donations.

Produces reports for senior management on compliance monitoring findings.

Report writing and consolidation skills in respect of key internal to Bank committees, from a Regulatory Compliance perspective.

Supports the development of key compliance policies and standard operating procedures.

Identifies training and educational needs regarding compliance practices and make recommendations and develop training content.

Supports 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 and platforms of the proposed Banking business.

Supports the Senior Manager: Regulatory Compliance Monitoring, with Regulator and Audit reviews and oversees compliance actions.

Education and Experience

Bachelor’s degree that includes legal, compliance and governance.

Exposure to the financial/regulatory sector

Technical Skills

Compliance concepts

Highly organized and methodical with close attention to detail

Regulatory risk in the financial sector would be advantageous.

EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.