JOB DETAILS:
Job Summary
Maintenance of a sound governance framework within the Compliance Function. Support to ensure that Compliance discharges all its duties in compliance with the Enterprise Risk Management Framework, the Compliance manual and the Compliance Charter and to ensure that the relevant regulatory framework and company policies are implemented by business, that the right compliance processes and controls are embedded in the bank to robustly manage regulatory and reputational risks.

Job Description
COMPLIANCE GOVERNANCE & ASSURANCE Time split 80%
OUTPUT:
• Validation of all Gap analysis and impact assessments for laws and compliance related policies to ensure the right obligations have been identified, the right controls have been designed and embedded for all gaps identified.
• Monitoring and tracking of all compliance related issues including:

• Compliance related findings from internal reviews and assurance reports

• Regulatory findings to ensure the relevant action plans are in place, risk events are reported in accordance with Absa policy requirements , remedial actions are completed within the agreed timelines and the relevant ICPs etc. are completed on time
• Timely renewal of the Bank’s licenses.
• Timely updating of ARES and the Commitment log
• Timely completion of impact assessments following new regulatory requirements
• Compliance’s adherence to all the requirements of the applicable Absa Policies and Standards.

• Maintenance of the Compliance Policy register and tracking of the localization and approval by the Board of the said policies and standards and the completion of CRMPS for the said policies and Standards.

• Maintenance of an up-to-date Compliance regulatory universe and tracking embedment of news laws and the completion of RMPS.
• Delivery of each of the Compliance units training plans for the year.
• Controls and assurance and Compliance CE and MCA:
• Conduct reviews of existing compliance controls to ensure that they address all current regulatory and Group requirements.

• Validation of any compliance and regulatory related ICPs
• Undertaking snap checks from time to time as requested by the Head, Compliance Governance & Assurance

• Ensure the bank is properly prepared for regulatory inspections and examinations
• Coordinate/support the management of audits/inspections
• Supporting the Compliance team to achieve and maintain Satisfactory CE and MCA ratings.
• Responsibility for undertaking and submitting the relevant Compliance CPA, MCA and, CE assessments

• Responsibility for coordinating and validating the annual Compliance CPA assessments to ensure that they are done on time and to ensure that all gaps identified are closed.
• Reporting
• Support Head of Compliance Governance & Assurance with compiling and preparing quality internal management and Board reports including RCF/ECF reports, Board Audit and risk committee reports as well as full Board reports.
• Deal appropriately with compliance issues and escalate issues in an appropriate manner to the relevant persons.

• Keep the Head of Compliance Governance & Assurance and Head of Compliance informed on compliance matters that may pose financial or reputational risks for the business.
• Attend relevant meetings as may be required
• Collate, analyze and interpret data in reports to senior management and relevant governance/risk committees
• Analyze and interpret data to produce reports that help the bank identify and manage emerging risks and vulnerabilities
• Periodic reporting and timely escalation of issues arising out of assurance activities.

STRATEGIC INITIATIVES & TRANSFORMATION Time Split (20%)
• Support delivery of the compliance strategic objectives and initiatives
• Support monitoring of the team scorecards and measuring performance against scorecard
• Establish and maintain effective stakeholder relationships with Compliance team members and other stakeholders to ensure adequate Compliance support for business strategic initiatives

TECHNICAL SKILLS/COMPETENCIES
• Intellectual and analytical skills of a high order. He/she is likely to be a graduate and / or have a professional qualification.
• The strength of character, credibility and personal presence and the communication skills to operate confidently and effectively at senior levels both internally and externally.
• The flexibility to appreciate the commercial objectives of the business, coupled with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and to the requirements of relevant authorities. Tact and sensitivity as well as strength and authority are important.
• Ability to use initiative and work with minimum supervision but ensuring, at the same time, that the line reports are kept fully informed at all times.
• Ability to consider issues from a range of angles and propose creative solutions that assist the business in achieving its goals in a safe, compliant and controlled manner.
• Ability to communicate effectively, orally and in writing, with senior internal and external audiences – to educate, persuade, negotiate, gain decisions, enforce.
• Ability to influence senior management.
• Ability to make a real contribution in a rapidly changing environment and thrive on change and the need to learn rapidly.
Knowledge and Expertise (relating to specialist knowledge and expertise required to undertake the role. May include knowledge of the Bank’s products, services and policies)

Essential
• Wide-ranging compliance experience in a financial services environment.
• Good understanding of current and anticipated local and international requirements and supervisory expectations.
• Experience in policy setting and roll out

Experience, qualifications and other requirements specific to the role
Essential
• He/she is likely to be a graduate and / or have a professional qualification.
• Experience in conducting monitoring and testing and implementation of controls.
• Technical Knowledge –understanding of compliance department’s operations.
• Analysing information
• Presentation skills.

Risk, Governance and Regulatory
• “Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Absa Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role.”

Key Success Measures / Key Performance Indicators
• Satisfactory Compliance MCA and CE rating
• Timely logging and validation of regulatory and compliance issues
• Timely delivery of Compliance Assurance Reviews
• Timely reporting to senior management, Board and Group

NB: Candidates will be reached out to on T +2564171224

Education
• Higher Diplomas: Business, Commerce and Management Studies (Required)