Regulatory Compliance
Develop, enforce, implement and practice regulatory compliance activities to ensure compliance to legislative and regulatory requirements
Type
Functional
Competency Area
Risk Management, Governance and Regulatory Compliance
Levels
Self monitor regulatory compliances in own work area
Identify legislative and regulatory requirements relevant to the organisation and personal areas of work
Identify and apply internal compliance procedures to ensure own work is in compliance with standards
Communicate key legislative and regulatory requirements and related management systems to relevant stakeholders to facilitate legislative compliance
Conduct self-monitoring of regulatory compliance activities
Implement corrective actions and internal controls to close compliance gaps and address compliance risk exposure
Highlight possible non- compliance activities to facilitate organisational regulatory compliance efforts
Ensure monitoring and reporting of non- compliance events
Analyse information on relevant compliance requirements that regulate the business units
Interpret relevant legislation and regulations, legal documents, standards and codes of practice relevant to the business units and their implications
Identify common compliance vulnerabilities, compliance risks and impact to the organisation
Develop detailed operational plans and procedures for compliance programmes
Monitor and review operational plans and procedures for compliance
Implement compliance procedures and controls
Formulate recommendations for addressing areas of non-compliance with legal and regulatory requirements
Propose changes and adaptations to operational procedures to reflect changing regulations
Manage and mainatin compliance policies in tune with changing requirements
Evaluate compliance programme suitability for organisation
Propose appropriate compliance programmes and/or management systems in consultation with relevant stakeholders
Identify non-compliance based on relevant legislative and regulatory requirements
Determine appropriate responses to address non-compliance within scope of relevant legislative and regulatory requirements
Oversee development of compliance controls to mitigate compliance risk exposure of organisation
Maintain compliance frameworks, policies and procedures to reflect changing regulatory requirements and organisational compliance strategies