Head of Compliance Product RB

Empowering Africa’s tomorrow, together…one story at a time.

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 SummaryTo develop and implement a compliance functional operating model and framework in a broadly defined business functional strategy; enabling horizontal implementation and adoption.

Job Description

People management:

Lead a highly motivated Compliance function which takes accountability for the regulatory and reputational risks falling within this function. Recruit the right people.

Develop, motivate and manage people. Recognise performance, provide appropriate interventions and opportunities, and address poor performance. Set clear objectives and responsibilities for each individual. Measure performance against objectives.

Encourage direct reports to set challenging objectives as part of the career development process and to ensure effective performance management, development and succession planning. Inspire and promote high performance in individuals and in the function. Act as a mentor and role model and drive proactive application of the Values throughout the team including establishment of common goals and objectives.

Equip team to deliver based on a high performance culture Provide strategic direction to the team in line with the strategic direction of the Group.

Department Management:

Support Head of business Compliance through developing and executing the Compliance strategy, contributing to departmental recruitment and performance management, identifying and remediating departmental issues.

Provide input to enhance the Compliance methodology. Provide input into the department’s risk and control assessment (RCA).

Share knowledge across the department.

Markets Compliance Advisory:

Drive the right behaviour, specifically adherence to the Values of the bank, in the business through effective standard setting, advice, training, verification, escalation, reporting and engagement.

Clearly communicate the role and objectives of Compliance to the business. Maintain constructive regular engagement with relevant stakeholders, including business, infrastructure and regulators.

Provide accurate and timely compliance and regulatory advice to the business as a second line of defence.

Provide relevant Compliance risk information reporting to management.

Report and escalate policy and regulatory breaches and compliance or regulatory issues to appropriate stakeholders, which may include business management and regulators.

Maintain a compliance training plan for the business and ensure effective execution of training, including face-to-face and e-learning. Implement policies. Manage new regulatory requirements by evaluating regulations (local and international) identified as relevant to the business and provide an impact analysis relevant to the business.

Address impacts, including policy amendments, business notifications and provision of training.

Stakeholder Management:

Be the point of entry for interactions with each regulator regarding the business.

Position and communicate compliance policies, requirements and initiatives with the relevant stakeholders Actively drive a stakeholder management plan for all compliance and regulatory matters affecting the business Liaise with senior executive stakeholders and stakeholder groups

Risk Management:

Be the accountable key regulatory risk owner for the business Perform on-going monitoring of the business through stakeholder engagement, compilation and assessment of management information, and tracking and analysis of issues.

Maintain detailed regulatory risk assessments for the business, identifying all regulations and assessing the regulatory risk.

Maintain and assess regulatory risk MI for the business.

Perform effective monthly verification testing on key regulatory risks of the business.

Review and provide input on the Compliance Risk Review coverage for the business.

Review the coverage plan, the scope of each review, and conclusions and final report of each review.

Assess the overall testing coverage on regulatory risk for the business and address deficiencies.

Governance:

Serve on appropriate risk and governance forums for Compliance Report to relevant governance forums with overall conclusions on regulatory risk.

Skills and Competencies:

Expert-level analytical and legal interpretation skills to manage regulatory risks.

Strong technical writing and documentation abilities.

High attention to detail and regulatory precision.

Ability to work independently and influence without direct authority.

Familiarity with compliance tools, regulatory databases, and risk systems.

Education and experience requirements:

Bachelor’s degree in Law, Finance, Risk Management (Masters or LLB preferred).

8-10 years in banking regulatory compliance, with at least 3 years in a senior compliance leadership role within financial services.

Deep knowledge of South African financial legislation and global compliance standards.

Proven experience in regulatory interpretation, compliance risk management and advisory.

Education

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

R-15980175