Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on our continent and beyond.
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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
Essential:
B degree/similar qualification in Law, Commerce, Risk management
5-7 years experience in compliance, law, auditing or risk management
Solid understanding of the Banks act
Preferred:
Certificate in Compliance Management
Experience in a financial services environment
Finance / Treasury knowledge or experience
Competencies & Skills:
Problem solving and analytical skills
Business reporting writing and presentation skills
Leadership skills
Relationship building and communication skills
Negotiation skills, able to persuade and influence
Conflict management
Adaptable and respond to change
Able to interact with all levels of staff
Learning and researching
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
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