Carla Williams

Carla Williams Email and Phone Number

RMB Conduct Risk Regulatory Programme Manager @ Ventura Smiths
Johannesburg, GP, ZA
Carla Williams's Location
Johannesburg, Gauteng, South Africa, South Africa
About Carla Williams

I am currently the Compliance Officer for the ABSA Enterprise Core Functions covering Group Finance Treasury and Risk and associated sub-areas from a Compliance perspective. I am required to provide complex specialist advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist compliance expertise; ensuring that a compliance culture is embedded to robustly manage regulatory and reputational risks and that relevant policies are applied within the Corporate Functions environment.I have more than 20 years of financial services experience in compliance and have worked on numerous compliance projects during this time including financial crime control and FAIS to name a few. I have extensive experience in project implementation and in assisting business in the development of products and strategies that meet the business and customer needs while addressing the regulatory requirements. Roles:I have gained compliance exposure in the following companies or business areas:• Absa Enterprise Core Functions – Group exposure to Core Functions Finance, Treasury and Risk and related reporting;• Absa Investment Cluster, FAIS Compliance Officer – Registered for FAIS Category IIA;• Absa Wealth, FAIS Compliance Officer (CO) - registered, FAIS Category I and II;• Absa Capital, designated FAIS Compliance Officer CIB, FAIS SME, Category I; • Standard Bank of South Africa: PBB (a division of Standard Bank of South Africa); Head of Physical Execution within PBB, responsible for FAIS within Channel, FAIS Category I;• Standard Bank of South Africa: PBB (a division of Standard Bank of South Africa); Head of Compliance Risk, Integration PBB;• The South African Bank of Athens (affiliated to the National Bank of Greece) – Head of Compliance, registered Money Laundering Reporting Officer (MLRO) and FAIS CO;• Investec – Private Bank and Wealth Management; Divisional Compliance Officer, Monitoring Subject Matter Expert (SME);• Investec: Reichmans Capital (Trade Finance arm) – Divisional Compliance Officer and Money Laundering Compliance Officer (MLCO)

Carla Williams's Current Company Details
Ventura Smiths

Ventura Smiths

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RMB Conduct Risk Regulatory Programme Manager
Johannesburg, GP, ZA
Website:
venturasmiths.com
Employees:
3
Carla Williams Work Experience Details
  • Ventura Smiths
    Rmb Conduct Risk Regulatory Programme Manager
    Ventura Smiths
    Johannesburg, Gp, Za
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  • Absa Group
    Senior Compliance Specialist Enterprise Core Functions
    Absa Group May 2022 - Present
    South Africa
    Responsibilities include:• Continued pro-active stakeholder engagement, • Maintaining professionalism in all verbal and written communications;• Participating and advising committees, forums, working groups and projects • Reporting on the level of compliance• Interacting and engaging with the broader compliance and business communities, assurance providers and senior members in the Group;• Advising and recommending compliance changes in respect of internal procedures, controls, business rules, policy and new regulations;• Identifying the universe of laws (Regulatory Universe) and conducting a detailed Impact Risk Assessment (IRA);• Drafting compliance risk management plans (CRMPs) for all core and high-risk laws;• Creating and customizing a coverage plan for the CFs, incorporating compliance activities, assurance reviews, and other compliance activities;• Advising on compliance reviews to be conducted in the CFs, liaising and advising the Enterprise Core Functions (ECF) Monitoring & Testing team, and other assurance providers, on scoping, findings, risk ratings and remedial actions as it relates to Conduct risk, Regulatory and Reputational risk reviews;• Designing, developing and implementing processes and systems which will enable appropriate and accurate reporting of monthly and quarterly compliance reports to stakeholders and management • Providing opinion on the business impact of anticipated new or pending regulations, ensuring appropriate consultation held;• Providing subject matter compliance awareness training to CFs on new regulations and compliance policies impacting the function;• Continuously evaluating the control environment of CFs and advising stakeholders on compliance matters, as appropriate;• Maintain a high level of knowledge of the Banks Act, Companies Act, and other applicable regulations impacting respective CFs;• Engagement with Industry regulators as required;• Responsible for implementing Compliance Frameworks.
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  • Absa Alternative Asset Management
    Investment Cluster Compliance Officer
    Absa Alternative Asset Management Oct 2017 - Apr 2022
    South Africa
    The primary focus of this role is on the provision of advisory services in the capacity as the registered FAIS Compliance Officer for the Investment Cluster which encompasses three businesses (Absa Alternative Asset Management, Absa Multi Management and Absa Asset Management). I am responsible for:• Attendance at all Governance, Management and Board meetings• Review and advisory on Compliance policies. Provision of advisory services.• Provision of training – provision of training and preparation of material for legislation applicable to the business area; • Oversight of the monitoring and surveillance team activities, completion of monitoring activities and issuance of related reporting. Engagement with the Combined Assurance teams.• Participation in various regulatory and other alignment projects• Regulatory reporting within the Investment Cluster. Internal and External reporting - assimilation of information with a view to compile reports for relevant stakeholders in the required format;• Submission of all related regulatory reporting, assuming responsibility and accountability for correct and timeous reporting;• Have oversight over governance and compliance framework structures:- Creation and review of a compliance manual- Alignment of policies and processes with BAGL/Barclays processes and practices- Conducting risk profiling and then creating and maintaining a regulatory universe - Maintenance of regulatory risk assessments and risk management plans for identified high risk regulation;• Responsible for second line check and challenge of Reputational and Conduct Risk Reporting;• Engagement with the Regulator as required, including policies for the engagement with Regulators and maintenance of registers of contact with the Regulators.
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  • Absa Wealth
    Wealth Fais Compliance Officer; 1 July 2013 To 31 September 2017:
    Absa Wealth Jul 2013 - Sep 2017
    South Africa
    The primary focus of this role is on the provision of advisory services in the capacity as the registered FAIS Compliance Officer for the Absa Wealth business. I am responsible for the oversight of compliance governance structures, committees, compliance manuals, policies, provision of training, oversight of the monitoring and surveillance team activities, risk management, participation in various regulatory and other alignment projects, as well as regulatory reporting within Absa Wealth. • Conceptualize, design, develop and implement the cluster Compliance strategy and various Risk Management plans; • Work with the monitoring and surveillance team to ensure that all compliance related monitoring and reviews are done. • Determine the impact of new regulatory requirements in respect of legislation and in consultation with the relevant stakeholders;• Coordination and communication of all correspondence with the relevant stakeholders • Internal and External reporting;• Training – provision of training and preparation of material for legislation applicable to the business area; • Submission of all related regulatory reporting, assuming responsibility and accountability for correct and timeous reporting;• Have oversight over governance and compliance framework structures:- Creation and review of a compliance manual- Alignment of policies and processes with BAGL/Barclays processes and practices- Conducting risk profiling and then creating and maintaining a regulatory universe - Maintenance of regulatory risk assessments and risk management plans for identified high risk regulation;• Various project participation as required by business and BAGL/Barclays;• Mandatory attendee and representative of various committees;• Responsible for second line check and challenge of Reputational and Conduct Risk Reporting• Engagement with the Regulator as required;• Provision of advisory services to support the BU and other compliance stakeholders.
  • Absa Cib
    Cib - Fais Compliance Officer
    Absa Cib May 2012 - Jun 2013
    South Africa
    I joined Absa Capital Corporate and Investment Bank (CIB) on 21 May 2012. I was the designated divisional FAIS Compliance Officer for CIB and provided advisory services to the cluster on FAIS compliance related queries and other compliance matters. When I joined, this role formed part of the wider Central Compliance team whose primary focus was to act as a support function to the other compliance teams and to ensure new regulatory requirements, FAIS requirements, reporting and compliance records were maintained. As FAIS Compliance Officer, I acted as a coordinator between the business units, infrastructure and Absa Group for all FAIS related issues. My primary responsibility as the FAIS Compliance Officer for CIB was to monitor and assess the application and implementation of FAIS across the CIBW cluster and to report on the level of compliance by the cluster (Absa Corporate Investment Banking and Wealth Management (CIBW)) with all FAIS policies and procedures, applicable laws, regulations and rules impacting business. I was responsible for the implementation of governance structures, policies and procedures, Regulatory Universe and Integrated Risk assessments and a Compliance Manual. I completed the relevant high risk, Risk Management plans (RMPs). I was responsible for oversight of the Combined Assurance monitoring program and interacted with the team. I completed compliance monitoring and related reports in line with the appropriate methodology. This role required close interaction with senior members of the business, Absa Group and Absa Wealth. The ability to accurately and timeously complete regulatory reporting and the provision of advice to the business and participation in various projects. Engagement with the Regulator as required, including the creation of policies governing the Contact with Regulators and the maintenance of an associated register. I provided face to face training sessions on FAIS legislation at a regional level.
  • Standard Bank Group
    Sbsa - Head Compliance Physical Channel Execution
    Standard Bank Group Aug 2011 - May 2012
    South Africa
    Due to a restructure of the SBSA Compliance team, the Compliance Risk and Integration role had collapsed and I took on the role of Head: Physical Channel Execution Compliance, still reporting to Milton Kotze, beginning on 1 August 2011. The primary function of this role was to assist the Head of Personal and Business Banking (PBB Compliance) by assuming direct responsibility and accountability for the management of the Line of Business Compliance Officers (LOBCO’s), servicing the Physical Channel with compliance risk management activities within PBB Risk Management. In this role I managed a team of four staff. I was tasked with testing and implementing CURA (Compliance risk management system) as well as ensuring that the Compliance Regulatory Advisory Team (CRAS) grew and provided a value add to the branch network; both of these initiatives were successful. This role solidified my experience in Integration and Governance and further enhanced my FAIS capabilities. My exposure to the governance environment has given me experience in development of monitoring plans and reviews, follow ups on remedial actions, the development of Risk Management Plans, the development of training tracking solutions and reporting on training statistics. In addition to the activities outlined in the integration role, I utilised my Subject Matter Expertise from a FAIS and monitoring aspect, at a divisional level and in collaboration with Group.
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  • Standard Bank South Africa
    Sbsa, Pbb - Head: Compliance Risk, Integration, (Role Collapsed Into A New Structure):
    Standard Bank South Africa Oct 2009 - Aug 2011
    South Africa
    I joined SBSA from SABA and reported directly to the Head of Compliance for Personal and Business Banking, Milton Kotze. In this role, it was my function to assist the Director by assuming direct responsibility and accountability for the integration of all compliance risk management activities within PBB Risk Management. The objective was to ensure and facilitate consistency around standards in reporting, monitoring, compliance training, as well as the implementation and execution of the Central Compliance Manual, by maintaining a close working relationship with internal stakeholders. The key competencies gained were around facilitation, communication, collaboration, integration and importantly implementation of the compliance deliverables across the PBB compliance team and within the broader risk structure. I interacted with many stakeholders across the Bank, in Group Compliance with respect to the SME’s, as well as with support functions, operational risk teams and business partners. Responsibilities included the creation of a strategy for monitoring, communication and training, as well as maintenance of governance structures (committees), the compliance manual, policy review and collation of all reporting from a compliance perspective across PBB. This role ensured that oversight was maintained of the PBB compliance team actions and that holistically, all the compliance deliverables for the year had been tracked, measured and met. This in turn resulted in a good compliance visibility, commitment and engagement with stakeholders and thus bolstered the compliance brand within PBB. My experience in the Integration function gave me experience in developing compliance strategy and governance and guiding business strategy to be aligned and to support regulatory compliance requirements. I also grew the compliance brand in a measurable way.
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  • The South African Bank Of Athens Limited
    Head Of Compliance For The South African Bank Of Athens (Saba)
    The South African Bank Of Athens Limited Feb 2009 - Oct 2009
    South Africa
    . I was the registered Money Laundering Control Officer (MLCO) and Reporting Officer approved by the SA Reserve Bank and FAIS Compliance Officer for the Bank. I was responsible for ensuring that the Bank complied with all legislative requirements. I joined SABA at a time of intense regulatory and shareholder scrutiny. As a result of a SARB onsite, and as part of the remediation program, I had to overhaul the compliance function. A Regulatory Universe was assessed and an Integrated Risk Assessment was performed. Then a compliance manual was created, supporting compliance policies were drafted, reviewed and aligned to that of The National Bank of Greece (NBG) and training material for FAIS, FICA and NCA was created and delivered. Various remedial projects were undertaken to meet FIC and SARB requirements and robust computerized systems to meet with local and international financial crime control requirements were reviewed, scoped and implemented e.g. Worldcheck. The supporting processes for FAIS were fully reviewed and overhauled as necessary, monitoring was conducted and the FAIS report was completed and submitted. A monitoring functionality was created along with a monitoring plan and standardized reporting to support the Risk Management Plans (RMP’s) that had been completed.The core competencies gained in this endeavour was the creation and maintenance of a compliance function and governance structure with combined local and offshore influence. Within this environment I also had to recruit and create a functional compliance team to form a core advisory function and reinforce the compliance culture within the Bank. In doing so, I gained further experience managing a compliance team of five members. I served on the Executive Committee (EXCO) as well as the Board and participated on all relevant committees - Audit and Operational risk. Reporting from a regulatory and offshore shareholder perspective formed a large part of the compliance portfolio. .
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  • Investec
    Divisional Co Private Bank (Pb) Investec, Subject Matter Expert (Sme) -Monitoring Specialist
    Investec Feb 2007 - Feb 2009
    South Africa
    I joined Investec Private Bank as Divisional Compliance Officer, SME-Monitoring specialist on 16 February 2007. I was tasked specifically to implement Enterprise Risk Assessor (ERA) for legislative monitoring purposes. Whilst at PB, I fully implemented ERA and completed Risk Management Programs (RMP’s) for the legislation rated high on the regulatory universe. I was also responsible for ensuring monitoring was completed and reported accordingly and undertook specific exercises at the request of the Audit committee. It was whilst at Private Bank that I first became involved in the monitoring supporting the FAIS returns and the submission of the annual FAIS reports for the seven licenses held at the time. Training was another deliverable, as well as supporting the various FICA processes in place. I was an Exemption 4 signatory, as well as participating in transactional review authorization. The vast experience gained in the workshop process of reviewing and documenting the controls and the resultant residual risk assessments, allowed me to become an SME in the RMP and monitoring fields.
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  • Reichmans Limited
    Worked For The Full Period For Reichmans Capital - Accountant And Compliance Officer
    Reichmans Limited Mar 2001 - Feb 2007
    South Africa
    I joined Reichmans Capital on 19/03/2001, initially as an accountant (approx. 2 years) and then as the Divisional Compliance Officer for Reichmans Limited, a wholly owned subsidiary of Investec. It was whilst at Reichmans that I obtained my first exposure to compliance, against a background of accounting, auditing, operational and credit risk experience which I had already obtained whilst in their employ. I completed the Compliance undergraduate course through UJ and was appointed the Divisional Compliance Officer. I implemented the FICA/AML project at Reichmans when it first became a requirement to adhere to Anti-Money Laundering legislation and had my first “clean” Financial Intelligence Centre review. I reviewed the entire book of clients (monitoring exercise) ahead of the first FIC AML review at Reichmans. The other major projects I was involved with included the Data Retention project, Basel Reporting, as well as the risk profiling of the BU – completion of the Regulatory Universe, completion of RMP’s for the area and the maintenance of a regulatory risk universe/matrix. I also created a compliance manual and reviewed policies and aligned governance structures to that of the Investec Group. I was responsible for all reporting both internal and external as well as the provision of advisory services to the BU and other Compliance stakeholders. Ensuring all staff completed mandatory compliance training, arranged training sessions for FICA awareness
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Carla Williams Education Details

Frequently Asked Questions about Carla Williams

What company does Carla Williams work for?

Carla Williams works for Ventura Smiths

What is Carla Williams's role at the current company?

Carla Williams's current role is RMB Conduct Risk Regulatory Programme Manager.

What schools did Carla Williams attend?

Carla Williams attended Coventry University, Gibs Business School (Gordon Institute Of Business Science), Gibs Business School (Gordon Institute Of Business Science), Wits Business School, Moonstone Business School Of Excellence, University Of South Africa/universiteit Van Suid-Afrika, University Of South Africa/universiteit Van Suid-Afrika, Mondeor High School, University Of Johannesburg, University Of South Africa/universiteit Van Suid-Afrika, University Of South Africa/universiteit Van Suid-Afrika.

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