Member of the Board - Construction Industry Development Board (CIDB) - South Africa
(2021-12)
- Chair Person of the Finance Committee, constituted as a Board Committee of the Construction Industry Development Board ("the cidb"). Mandated to assists the Board in carrying out its functions relating to business development, financial sustainability, safeguard of assets and investment portfolios.
- Custodian of corporate governance through the management of the relationship of the Board with cidb management, the Executive Authority, and other stakeholders within the sound corporate governance principles of fairness, transparency, and sustainability
- Support the cidb in the setting and achievement of strategic objectives through risk governance
- Delegation to management the responsibility to implement and execute effective risk management frameworks, with additional governance measures supplemented through the structure of Board Committees covering both oversight and operational issues
- Identification of key risk areas and key performance indicators of the cidb based on both financial and non-financial aspects such as the emerging industry risks, IT risks, sociopolitical and politico-economic expectations of the Executive Authority and other stakeholders
- Ensure that the IT internal control framework is implemented and that the IT Charter and policies are in place
- Ensuring that emerging IT risks and new developments and their impact on the cidb operations are identified, monitored, and managed effectively; and that technology and systems used by the cidb are adequate for the proper functioning of the cidb
- Ensure that the cidb complies with all relevant laws, regulations, Government policies, and codes of best business practice and communicates with the Executive Authority and relevant stakeholders (inclusive stakeholder approach) in an open, transparent and prompt manner
- Ensure the preparation of annual integrated reports that comply with the latest reporting requirements as per the Integrated Reporting Framework of the Global Reporting Council and requirements of the National Treasury
- Ensure the integrity of the annual reports
Lead Specialist – Corporate Functions - Liberty Holdings Limited - South Africa
(2019-09 - 2021-11)
- Management of regulatory Compliance Risk across Liberty group assisting with interpretation of regulations, business rules and compliance policies with a specific focus on legislative requirements of the Group Information Technology office as well as the Actuarial and Risk division
- Facilitation of the implementation of the group compliance strategies and frameworks
- Chair the Group Cloud service prover committee in respect of 3rd party outsourced arrangements
- Implementation of group wide compliance policies, standards and procedures
- Provide regulatory compliance guidance to the Group Information Technology Committee with a focus on governance and oversight services
- Align group IT strategic projects to group compliance frameworks and coordinate Governance committees
- Interact and align with the Data governance, Risk, Legal and Privacy offices for the adoption of group wide policy requirements
- Facilitate the adoption of best global practises and ensure integrated reporting to Company Boards
- Interaction with various stakeholders, Regulators and industry bodies
- Manage regulatory engagements, inspections and reporting processes
- Delivery of regulatory training and communication programmes
- Manage risk-based compliance monitoring programmes and co-ordinate the resultant reporting to relevant governance structures
Compliance Manager –STANLIB Rest of Africa Companies - STANLIB Wealth Management (pty)Ltd - South Africa
(2015 - 2019)
- Management of the Compliance and Risk function across STANLIB Africa entities (Botswana, Lesotho, Swaziland, Namibia, Uganda, Kenya and Uganda) from a STANLIB Group perspective. Management of the compliance strategy and framework. Providing compliance support and advisory services. Deliver interpretation of regulations, business rules and compliance policies
- Develop regulatory universes
- Facilitation of the incorporation of emerging legislation across various business unit
- Monitor policy and operating standards implementation and provide guidance on execution of policies
- Provide advice on new product and business development
- Provide governance and oversight services
- Alignment and coordination of Governance committees. Adopt best global practise and ensure integrated reporting to Company Boards
- Interaction with various stakeholders, Regulators and industry bodies. Manage regulatory engagements, inspections and reporting processes
- Delivery of regulatory training and communication programmes to the STANLIB Africa businesses
- Delivery of risk-based compliance monitoring
- Establishment of monitoring plans
- Manage compliance risk monitoring programmes and co-ordinate the resultant reporting to relevant governance structures
- Investigate and guide the process of breach reporting inline with internal compliance controls and enforce corrective action including the process of escalation
- Liaise with internal and external audit and trustees
- Provide independent assurances to existing and potential stakeholders regarding STANLIB Africa entities' compliance environment
Specialist Analyst – Capital Markets Division - Financial Services Board - South Africa
(2014 - 2015)
Total years of experience at the Financial Services Board= 8 years
- Supervision of the securities services industry in South Africa in terms of the Financial Markets Act ("FMA")
- Enforcement and administration of the FMA
- Supervision of the JSE, and STRATE (" Market Infrastructures") and JSE Clear to ensure compliance with the provisions of the FMA
- Conduct on-site reviews of market infrastructures
- Assessment of rules and listing requirements of market infrastructures
- Participate and represent the Registrar at relevant Board and Executive meetings with Market Infrastructures (JSE and STRATE Board and risk committee meetings) and with regulators and industry stakeholders( National Treasury ,SARB, FIC)
- Facilitate the development of subordinate legislation under the FMA (including, Code of Conduct, Conflicts of Interest)
- Facilitation of the formulation of regulatory frameworks for Securities Lending and Borrowing activities
- Contribute to the formulation of Regulations relating to OTC derivatives providers
- Assist in the compilation of responses to questionnaires and consultative papers from international standard setting bodies
- Assist the Registrar in fulfilling responsibilities in respect of the International Organisation of Securities Commissions and the SADC Committee of Insurance, Securities and Non-banking Financial Authorities
- Conduct research into industry developments with a focus on legal frameworks and policy directions with respect to exchanges and companies making a market in their own securities
Senior Analyst – Collective Investment Schemes Division - Financial Services Board - South Africa
(2010 - 2013)
- Administration and Regulation of Collective Investment Schemes (CIS)Management companies in line with guidelines and requirements of the Collective Investment Schemes Control Act (CISCA)and related legislation
- Analysis of applications of the establishment and administration of collective investment schemes by local and foreign CIS Management companies
- Ensuring the framework of CISCA and related legislation are satisfied when licenses are granted to Collective Investment Scheme (CIS)Management companies
- Ongoing monitoring of the activities of Collective Investment Scheme (CIS)Management companies. Including amendments to investment policies, amalgamations of schemes, as well as changes to directorship and shareholding structures
- The above procedures necessitate in-depth understanding of legislation that governs the local and Foreign financial industry
- Engagement with industry bodies, stakeholders and foreign regulatory bodies
- Participation and contribution in industry committees
Analyst- Financial Advisory Intermediary Services (FAIS) Registration Department - Financial Services Board - South Africa
(2008 - 2010)
- Regulation of the conduct of Financial Service Providers (FSPs) in line with the guidelines and requirements of the Financial Advisory and Intermediary Services Act(FAIS)
- Scrutinizing the competence of financial service providers in providing financial services against the financial product selected
- Analysis and monitoring of the conduct of compliance officers within Financial service providing entities
- Approval of Discretionary financial services providers mandates
- Processing of applications for Category III Administration Financial Service Providers as well as Foreign Investment Institutions
Analyst- Financial Advisory Intermediary Services (FAIS) Compliance and Enforcement Department - Financial Services Board - South Africa
(2006 - 2008)
- Enforcement of the Financial Advisory and Intermediary Services Act (FAIS Act)
- Investigation of contraventions of the FAIS Act and of complaint received from the public against authorized financial services providers
- Processing of suspensions and withdrawals of Financial Services Providers licenses' relating to non-compliance with statutory requirements
- Administration of the processing of debarred representatives- Involves investigation of various cases of fraud and misrepresentation
- Perform administrative and other activities relating to the regulatory framework
Municipal Field Co-ordinator - Independent Electoral Commission - South Africa
(2005 - 2006)
- Liaising with Provincial Co-ordinators, Municipal Electoral Officers and Electoral Presiding Coordinators for purposes of educating and informing the public of the electoral registration processes and the process of elections
- Conducting voter education presentations
- managing communications with media within each municipality
- managing and supervising field workers assigned for the education, communication and electoral operational activities
- ensuring systematic co-ordination and monitoring of the knock-and-drop campaigns, registration proceedings and voting
- monitoring registration campaigns
- assisting with and facilitating logistical arrangements for training of staff
- Compiling reports
