Senior Compliance Manager: Transactional Banking (SA) and CIB ARO at Absa Group Limited (Absa)

Job Summary

• Assisting the Head of Compliance: Transactional Banking and ARO CIB Compliance to formulate, update and implement policies and control procedures that will ensure adequate risk management to enable the business; setting common standards, assessing adherence to standards, giving training and guidance, monitoring the business and providing advice.
• This requires being at the heart of the business, whilst being independent of the business as a second line of defence, being proactive in anticipating and addressing risks, driving adherence to the Values of the Bank, and being a role model for Compliance across the industry.

Job Description

People management

• Assist to recruit the right people.
• 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.
• Assist to provide strategic direction to the team in line with the strategic direction of the Group Department Management
• Support Head of 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.
• TXB and ARO CIB 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, support functions 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.
• Keep Business appraised of notifications distributed by the regulator impacting the business.
• In addition, this role will be the Compliance lead in the Cash Management and Digital business units within TXB.

Stakeholder Management

• 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

• 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 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 as delegated by the Head of Compliance
• Report to relevant governance forums with overall conclusions on Compliance risk.

Education and Experience Required

• B-degree with Honours in (Field) (NQF level no.)
• 3- 5 years Management experience
• 10 years Banking and Compliance experience

Knowledge & Skills: (Minimum of 6)

• Understands the legislative and regulatory landscape and requirements imposed by relevant regulators
• Understands the Transactional Banking business, including digital assets services.
• Able to analyse, interpret and advise on regulation and legislation.
• Engages regulators and industry groups constructively on compliance and regulatory matters.
• Understands the core principles of an effective compliance function.
• Able to establish effective compliance frameworks, structures and core processes.
• Understands and is able to implement Compliance governance.

Competencies

Deciding and initiating action :

• Makes prompt, clear decisions which may involve tough choices or considered risks
• Takes responsibility for actions, projects and people
• Takes initiative, acts with confidence and works under own direction
• Initiates and generates activity

Leading and supervising:

• Provides others with a clear direction
• Sets appropriate standards of behaviour
• Delegates work appropriately and fairly
• Motivates and empowers others
• Provides staff with development, opportunities and coaching
• Assist to recruits staff of a high calibre

Persuading and influencing :

• Makes a strong personal impression on others
• Gains clear agreement and commitment from others by persuading, convincing and negotiating
• Promotes ideas on behalf of self or others
• Manages conflict
• Makes effective use of political processes to influence and persuade others

Creating and innovating :

• Produces new ideas, approaches or insights;
• Creates innovative products or designs;
• Produces a range of solutions to problems;
• Seeks opportunities for organisational improvement;
• Devises effective change initiatives

Formulating strategies and concepts :

• Works strategically to realise organisational goals
• Sets and develops strategies
• Identifies and develops positive and compelling visions of the organisation’s future potential
• Takes account of a wide range of issues across, and related to, the organisation

Delivering results and meeting expectations :

• Focuses on customer needs and satisfaction
• Sets high standards for quality and quantity
• Monitors and maintains quality and productivity
• Works in a systematic,methodical and orderly way
• Consistently achieves project goals

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

End Date: July 28, 2025