Specialist Strategic Regulatory Developments at Absa

Job Summary

• To support the Head Strategic Regulatory Developments of Regulatory Relations (Compliance Shared Services) on keeping abreast of regulatory developments impacting Absa Bank Limited and Group wide, working with both internal and external stakeholders to improve the efficiency and effectiveness of identifying, monitoring and providing analysis of regulatory landscape. 
• Proactively identify, maintain and manage regulatory landscape across the Group. 
• Provide functionally excellent advice (both written and verbal) on the regulatory engagement model with stakeholders and proactively keep the business units abreast of regulatory developments.

Job Description

Job Description:

• Management of the Regulatory Stakeholder engagement model  
• Support internal stakeholders in respect of participation at Industry bodies (ASISA and BASA) and at Regulators (SARB, FSCA, PA, National Treasury etc.) meetings
• Maintain and strengthen oversight of engagement models developed in respect of ASISA and BASA & Regulators
• Maintain a database of all Absa colleagues who are representatives of ASISA and BASA and communicate any changes in this regard both internally and externally
• Faciliate ratification of Absa ASISA and BASA members with the respective Business Exco/Opco’s to ensure that Absa has adequate representation at all industry body committees
• Track and monitor all requests from Industry Bodies to completion and ensure deadlines are met timeously
• Highlight risks in timelines to industry bodies / extensions on due dates to the Head of Strategic Regulatory developments
• Provide support to internal stakeholders in terms of reviewing, providing feedback, facilitating engagements internally etc.
• Maintain and facilitate the review of the Guideline on engaging with BASA & ASISA documents
• Attend and accompany key Subject Matter Experts at both industry and regulators workshops and participate in unpacking of any key regulatory developments
• Provide feedback when required at the New Regulatory Requirements (NRR) weekly meetings on any regulatory development with material impact to the organization
• When required, attend business regulatory forums and provide feedback
• Support the Head of Strategic Regulatory Developments team to create awareness and maintain the Regulatory Landscape across the Group
• Have knowledge of new regulatory requirements and participate (when required) to provide comments to draft bills, regulatory documents and regulations issued by any governmental department and/or regulatory body.
• Participate at industry body or Regulator workshops and meetings (as advised)
• 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)
• Maintain and update a roadmap / timeline of key regulatory developments for Absa Regional Operations (ARO) (i.e. impact to financial institutions)
• Create awareness of regulatory developments across the Group e.g. publishing of newsletters
• Prepare and escalate to the Head of Strategic regulatory developments the quarterly trend analysis report, with support from the team
• Identify, monitor and escalate to the Head Strategic Regulatory Development on any or potential material risk to business with a regulatory impact
• Support the NRR Process and participate at both the SA NRR; ARO NRR and Strategic Regulatory Forums   
• Reporting, Policies and Procedures
• 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 information/input from internal stakeholders
• Ensure that information is accurate and consistent with various other governance reports
• Provide support and compile reports to various internal committees and Ad hoc requests (e.g. participate in the collation of the integrated reporting)
• Facilitate, review and update policies, terms of reference, guidelines and process/procedure documents
• Facilitate commentary from internal stakeholders (where required on policies, guidelines, processes etc.)
• Support the Supervisory team within Regulatory relations when required
• Professional / Technical Experience
• Ideally experience of minimum of 3-5 years in financial services, banking regulatory experience
• Very effective interpersonal skills.  Excellent communicator, written and oral – clear and calm, gravitas.
• Ability to influence senior stakeholders to their point of view and maintain credibility with a senior audience
• Willingness to embrace changes and work towards a common team objective; work outside of 'comfort zone'.
• Academic and professional qualifications
• Bachelor’s degree or Advanced Diploma / Advanced Management Studies ( Legal, Risk, Business, Commerce, Compliance)

Education

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

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised