Senior Compliance Manager

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 SummaryEnsure 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. To assist the Chief Compliance Officer in managing the overall Business and fulfilling responsibilities. This includes, reporting to all relevant governance forums, managing of conduct risk deliverables and driving new regulatory requirementsTo develop tactical strategy and delivery plans, formulate associated practice/s and to ensure operational implementation and adaption i.t.o. compliance management methodology, governance and delivery objectives.

Job Description

Accountability: Reporting

Prepare the key themes, presentations and reviews for the Chief Compliance Officer and assist with detailed content when required

Evaluate all material and communication prior to it being reviewed by the Chief Compliance Officer ensuring that context, analysis and the views of the respective areas are collated, filtered and summarised in a concise manner

Working with the Compliance Heads and Managers to ensure reporting requirements to Absa Executive teams are met on time and to the highest quality

Accountability: Conduct / Reputational Risk

Prepare and consolidate the quarterly Conduct and Reputational Risk reports and ensure that relevant check and challenge with business was completed.

Obtain and consolidate feedback from Compliance Heads and managers on all conduct risk related policies and ensure timely submission to Group Compliance

Influence the Key indicators on Conduct and Reputational risk to be more BU specific.

Act as liaison officer between Group Compliance and RB Compliance Heads and managers

Accountability: New Regulatory Requirements

Create awareness of regulatory developments to business and maintain and update a roadmap / timeline of key regulatory developments for South Africa (impact of regulations on financial institutions)

Create awareness of regulatory developments across Relationship Banking e.g. publishing of newsletters

Identify, monitor and escalate to the Chief of Compliance on any or potential material risk to business with a regulatory impact

Support the NRR Process and participate at both the SA NRR and Strategic Regulatory Forums

Ensure comments and input in new draft legislation is obtained timely and submitted to

Compile reports to various governance committees on key regulatory developments

Liaise with key internal stakeholders in respect of updates to regulatory developments for various governance committees

Check and challenge and collate information/input / comments from internal business stakeholders on new Regulatory Requirements.

Accountability: Team Management

Encourage frequent knowledge sharing between team members.

Establish and maintain a succession plan for the team.

Track the delivery of the team and achievements against the team’s annual goals.

Support in setting team strategy and team scorecard, tracking and measuring performance against scorecard

Arranging Team meetings and support with setting agenda

Team co-ordination and communication on assigned projects

Qualification:

B-degree with Honours in (Field) (NQF level no.)

LLB qualification preferred

Professional certifications advantageous (e.g., CAMS, CFE, ICA, CIPP, PCI-related certifications).

Preferred Experience:

Experience in Board and Exco level reporting – have written reports to the board

Understanding differences between management reports and executive reports

Have been in a compliance, risk, positions

At least 5-7 year of report writing experience

Exposure in dealing with snr executives / stakeholders

Ability to check and challenge snr executives on report content and guide to required outcome

Exposure and experience within Fintechs

Strong understanding of the payments ecosystem: acquiring, issuing, card schemes (Visa, Mastercard, etc.), and alternative payment methods.

Knowledge of merchant acquiring models and related risks (e.g., high-risk merchants, chargebacks, cross-border payments).

Exposure to payment processing technologies

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-15980164