Senior Compliance Manager at Absa Group

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 Summary

Ensure 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.

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

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