Compliance Assurance Officer at Absa Group Limited (Absa)

Job Description

• To provide independent, objective compliance assurance reviews, working individually or as part of a team, to assess the adequacy and effectiveness of compliance risk management, internal controls, and governance processes. The role is responsible for identifying control weaknesses/gaps, evaluating regulatory compliance, and delivering actionable insights and recommendations that strengthen the organisation’s compliance environment and promote continuous improvement.
• Execute risk-based, scheduled compliance monitoring and thematic reviews across various lines of business.
• Plan, scope, and execute on-the-ground compliance testing activities based on an approved annual compliance monitoring plan. Design specific testing procedures, sample data, and evaluate operational controls to ensure regulatory and policy requirements are met. Identify policy gaps, control weaknesses, and inconsistencies within processes.
• Document testing results, root causes, and identified deficiencies in factual, high-quality compliance reports for senior management.
• Collaborate with business stakeholders to agree on practical, corrective action plans for any identified issues.
• Track and follow up on the status of previously issued action items to ensure appropriate implementation.
• Assess the adequacy and effectiveness of the implementation of Management Action Plans (Issue Validations).
• Conduct automated and manual ongoing monitoring.
• Contribute to the continuous improvement of compliance methodologies and tools.
• Keep abreast of South African and global regulatory developments.

Preferred Education and Experience:

• Bachelor’s degree in accounting, Auditing, Law, Finance, or related field.
• Professional certification: CIA, CISA, CA(SA) or equivalent (preferred or in progress).
• NQF Level: 7- 8
• Audit/Assurance: 4+ years