With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
To provide complex specialist advice and support in practice formulation and associated best practice improvement tactics; enabling the provision of specialist compliance expertise.
Job Description
The Senior Specialist: Compliance will provide commercially sound compliance guidance and advice in respect of allocated regulatory requirements and applicable policies in a professional and helpful manner, and consider potential alternatives with the view to finding solutions to protect the business from Conduct, Regulatory and Reputational risks. This is achieved through establishing and implementing appropriate compliance risk management frameworks, setting group standards, assessing levels of compliance, providing training, creating awareness, conducting compliance monitoring and assisting with the oversight of compliance assurance review in the CFs.
Responsibilities Include
- Continued pro-active stakeholder engagement, building and maintaining effective and value adding business relationships with all relevant stakeholders
- Maintaining professionalism in all verbal and written communications
- Participating and advising committees, forums, working groups and projects in the CFs on regulatory compliance requirements
- Reporting on the level of compliance with internal policies and procedures, applicable laws, regulations and rules impacting the CFs
- 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 applicable to the CFs and conducting a detailed Impact Risk Assessment
- Drafting compliance risk management plans for all regulatory requirements
- Creating and customizing a coverage plan for the CFs, incorporating compliance activities including reporting, assurance reviews, and other compliance activities
- Advising on compliance reviews to be conducted in the CFs, liaising and advising the 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 evaluate the control environment of CFs and advising stakeholders on compliance matters, as appropriate
- Maintain a high level of knowledge a variety of applicable regulations impacting the respective CFs
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
