Senior Manager: Compliance - Sandton 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 business; compilation of training material and fascilitating 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  Transactional Banking business
• Proactive and forward looking identification and management of regulatory risks facing the Transactional Banking 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 broader 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.

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.
• Experience within Payments, Cash and/or  Trade Product and/or Sales (Preferred)
• Compliance advisory experience dealing with First Line functions (Preferred)

Education

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