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May

Head Of Compliance

Maia Financial - Sydney, NSW

Banking & Finance
Source: uWorkin

JOB DESCRIPTION

Head of Compliance - 3 Months Fixed Term Contract

To start asap, 3 months fixed term contract.

The Head of Compliance is an integral team member that is responsible for the legal, compliance, and operational risk of the business. This entails carrying out the necessary risk activities to ensure Maia Financial and associated companies are conducting their business in accordance with applicable National and International law and regulations, as well as the identification, management, and mitigation of operational risks.

KEY ACCOUNTABILITIESAs a team member, you are to ensure the entire process is fully aligned to Maia Financial business’ purpose, values, and strategy while protecting stakeholders and investor capital.

In order to achieve this outcome, we require the traits of a dynamic and critical Compliance Manager who will create safe and secure solutions. The experience required to achieve this includes, but is not limited to:

  • Significant experience in communicating compliance-related issues to staff in a clear and concise manner;
  • Demonstrated experience in interpreting complex laws and/or ethics and determining how to establish and integrate best practices from a Governance and Compliance perspective;
  • Proven ability to drive, promote and embed strong governance and compliance culture across all areas of a company;
  • Implementation, ongoing management, and reporting of operational risks obligations, including the implementation and embedding of Operational Risk Management Framework;
  • Accountable for driving, promoting, and embedding a Risk culture across the business, culminating in strong risk and controls which uphold the company values and balance commercial & client needs.

COMPLIANCE PROGRAM

  • Based on the existing compliance framework, implement, maintain, and update compliance policies and procedures for the operation of the Maia Financial governance and compliance program (Compliance Program) to prevent illegal, unethical, or improper conduct. This includes managing the effective operation of the Compliance Program, including without limitation monitoring compliance with internal policies and procedures, licenses, laws, and regulations as well as creating and maintaining various registers such as breaches, complaints, conflicts of interest, Anti-Bribery and Corruption, obligations registers, etc.;
  • Monitor the performance of the Compliance Program and related activities on a continuing basis, taking appropriate steps to improve their effectiveness;
  • Prepare and facilitate compliance training;
  • Develop and periodically review and update Maia Financial code of conduct in conjunction with relevant stakeholders to ensure relevance in providing guidance to management and staff;
  • Participate in appropriate Maia Financial risk and compliance forums.


MONITORING AND BREACH MANAGEMENT

  • Implement and maintain a monitoring program, including business unit governance and compliance self-assessment program;
  • Respond to alleged breaches of regulations, policies, procedures, and code of conduct by evaluating or recommending the initiation of investigative procedures. Develop and oversee a system for uniform handling of such breaches;
  • Act as an independent review and evaluation body to ensure that governance and compliance issues within Maia Financial are being appropriately evaluated, investigated, and resolved.

COMPLIANCE ADMINISTRATION

  • Collaborate and partner with all areas of Maia Financial to ensure the various business units have a clear understanding of their compliance accountabilities and obligations;
  • Maintain and support the relevant regulatory licenses and licensing obligations of Maia Financial;
  • Implement effective governance and compliance communication program at Maia Financial;
  • Enable Maia Financial to comply with all relevant laws and regulations by providing applicable advice and support to the respective business owners in embedding these requirements within all business processes and operations;
  • Ensure business processes and procedures are adhered to;
  • Willing to learn and stay up to date on legislative and regulatory changes, development, and trends impacting Maia Financial. Update compliance knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; and participating in professional organizations;
  • Comply with federal, state, and local legal requirements by studying existing and new legislation; enforcing adherence to these in all instances;
  • Contribute to a safe and healthy work environment, free from discrimination and harassment by working in accordance with legislative requirements, the Business Code of Conduct, and departmental Human Resource policies, including the WHS requirements.

OPERATIONAL RISK

  • Develop operational risk frameworks and a risk-aware culture through the provision of expert operational risk advice;
  • Develop, implement and manage a Risk Management Plan and Risk Management Framework to ensure appropriate operational responsibility for identifying and managing risk, together with the tools to do so (e.g. risk register);
  • Assess significant new product or business opportunities, and drive new Risk initiatives or projects to reflect the Maia Financial brand strategy;
  • Provide risk guidance on various business projects and ensure appropriate frameworks are in place to manage project and business risks;
  • xPartner with all areas of the business to ensure they clearly understand their role in relation to effective operational risk management;
  • Participate in appropriate Maia Financial risk-related committees;
  • Lead the implementation and maintenance of effective risk management and control frameworks through completion of targeted reviews of critical controls and self-assessment;
  • Manage the assurance function, including the design and implementation of an assurance plan to accommodate changes in the business;
  • Develop and embed a culture of risk management throughout the organization through the delivery of a range of activities including, but not limited to, the development and maintenance of an operational risk framework;
  • Challenge activities and decisions that materially affect the organization’s operational risk profile;
  • Work on projects or deal opportunities, in conjunction with relevant managers where required, to ensure optimal outcomes for the organization that properly take account of and address operational risk.

LEGAL

  • Partner with the business and the external legal service providers to effectively provide legal advice on business issues, drafting and/or editing complex commercial agreements, ensuring that the business operates in compliance with applicable laws and regulations in the jurisdiction within which it operates.


REPORTING

  • Establish and provide regular, comprehensive reports on all aspects of Operational Risk and progress of the Compliance Program to the Management and Board of Maia Financial (including material issues, incidents, emerging risks, areas for improvement, conflicts of interest, new legislative and regulatory developments and any trends);
  • Ensure relevant reports and returns are filed with the relevant regulatory bodies (e.g. AUSTRAC);
  • Ensure proper reporting of breaches or potential breaches to authorized enforcement agencies as appropriate;
  • Develop an ongoing and effective reporting and communication framework for different audiences (e.g. Board, CEO, CFO and ‘Heads Of’ different business units) regarding Compliance and Operational Risk-related matters.

RISK MANAGEMENT

  • At all times you will promote amongst the Maia Financial teams a risk identification and management culture which includes the identification and communication of risk issues, matters to ensure our company and its team members are always protected;
  • Ensure all relevant individuals are aware of, and assume ownership for, managing and controlling risks relevant to their areas of the business, and understand their accountability in this regard;
  • Implement processes to assist staff in reporting compliance breaches and complaints and efficiently investigate and resolve difficult legal compliance issues. As part of this process, provide general guidance on how to avoid or deal with similar situations in the future (lessons learned).

TEAM MEMBER PROFILE

| Education | Tertiary qualifications in Law or Finance or any satisfactory combination of experience and training which demonstrates the knowledge, skills, and abilities to perform the above duties. Post Graduate Tertiary qualifications are strongly regarded.
| Experience | 6+ years of experience as a Governance and Compliance professional in Financial Services. Experience working with sector regulators (specifically AUSTRAC, ASIC, APRA, OAIC, etc.) fulfilling compliance and reporting requirements. Experience gained in delivering and maintaining a GRC framework.
| Skills and Behavioural Traits | Proven high-level ability to plan, implement, evaluate and manage complex compliance requirements. Proven high-level capacity to research, analyze and develop solutions regulatory requirements. Demonstrated ability to think critically to examine the regulatory circumstances, evaluate risks, and confidently apply this or her interpretation to Maia Financial compliance program. Demonstrated ability to be well planned and proactive. Ability to apply lateral thinking, address gaps where regulations may not specifically address scenarios that may arise at Maia Financial. Demonstrated ability to “accept” the Greenfields' responsibility and welcome the challenge.
| Relationship Management | Experience in client-facing roles in structuring high-level compliance requirements and initiatives. Ability to interact with C-Suite executives and clients with the confidence to communicate any interpretations and decisions that are made to regulators, as well as employees, clients, and business partners. Ability to engage and influence internal and external stakeholders at all levels of seniority with confidence. Proven ability to work independently and collaboratively as a team under broad direction. Make well-informed, complex, and timely technical and business process-related decisions and ensure that the required standards of accuracy and quality are met within tight timeframes.
| Team Engagement | Demonstrated ability to act as a business partner with the ability to shape opinion and influence people. Ability to build effective cross-functional working relationships with multiple departments/business units at a senior level.
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