Seniour Compliance Manager: Transactional Banking at Absa Group Limited (Absa)

Job Summary

• Assisting the Transactional Banking Compliance  team to formulate, update and implement policies and control procedures that will ensure adequate risk management to enable the Cash Management business; compilation of training material and facilitating training of relevant staff; adequately monitoring instances of non-compliance with the company’s policies and procedures and generally establishing a compliance culture and creating an awareness of compliance through interaction with business as well as assisting in managing regulatory relationships.

Job Description

• Providing proactive and responsive advisory support on compliance related matters facing the Pan Africa  Cash Management business
• Proactive and forward looking identification and management of regulatory risks facing the Cash Management business
• Timely response to ongoing regulatory queries raised by stakeholders
• Assisting in the drafting and implementing compliance policies and guidance relevant to the transactional banking business
• Reviewing capabilities and compliance for bespoke individual transactions
• Reviewing capabilities and compliance for new product launches and new business initiatives
• Developing and providing compliance training and awareness to employees.
• Assisting with reporting to Head of Compliance, Board, relevant committees, Executive Management, and key stakeholders to manage combined assurance as required.
• Any additional salient second line of defense obligations.
• This role forms part of broader Transactional Banking Compliance team and Corporate Investment Banking Compliance function.
• Facilitating Compliance training (Compliance Induction Training for New Joiners, periodic training for the Business) on a regular basis to ensure that they have adequate technical knowledge to understand the Compliance risk management framework that applies to the bank, as well as the Compliance risks to which the bank is exposed.
• Assist and drive Compliance innovation streams and internal projects.
• Any additional salient second line of defense obligations.
• Compliance as the second line of defense provides Businesses and Functions with guidance, insight and independent challenge in relation to Compliance and Reputational Risk management.

Knowledge & Skills

• Knowledge of and ability to interpret banking regulations
• Knowledge of transactional banking products, operations activities, processes and controls
• Ability to analyse information, interpret and give relevant guidance on applicable regulations, and make appropriate decisions.

Competencies and qualities

• Personal and interpersonal competence
• Effective relationship building with stakeholders
• Commercial effectiveness
• Risk and control understanding
• Takes accountability for work
• Proactive in driving solutions
• Deciding and initiating action.
• Learning and researching.
• Adapting and responding to change.
• Persuading and influencing.

Education and Experience Required

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce, Law and/or Management Studies (Required)
• Compliance advisory experience dealing with First Line functions (Preferred)
• Experience within Payments and Cash Management
• FAIS experience (Preferred) 

Education

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