Senior Manager: Compliance Advisory Enterprise Corporate Functions (ECF)

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Job Summary

The Senior Manager–ECF Compliance Advisory is responsible for establishing and managing the compliance framework and embedding the compliance methodology requirements in line with the Compliance Manual, across the specified portfolio.
• Facilitation of a Pan-African lens across Absa’s operations, specific to the specified portfolio,
• Providing strategic oversight of compliance risk and support in relation to audit and regulatory engagements,
• Driving a culture of ethical and compliant business practices,
• Developing, implementing and overseeing the regulatory compliance strategies of the Bank,
• Assisting in the establishment of an effective compliance function, framework and core processes,
• Providing an innovative and competitive approach to compliance risk management,
• Proactively identifying, assessing, reporting and supporting with mitigating of compliance risks,
• Enforcing and upholding the Banks compliance standards, and participating in activities that drive a strong culture of compliance and internal control.

Job Description

General Responsibilities

• Provides input into the development of compliance procedures and policies for the Bank insofar as it relates to the specified portfolio.

• Produces compliance guidelines and provides input into training initiatives to support the specified portfolio.

• Excellent report writing and consolidation skills in respect of key internal to Bank committees and key Board committees.

• Assists in the development of key compliance policies and standard operating procedures that align to the operational aspects of the specified portfolio.

• Ensures that these policies and procedures are approved by the relevant Board committees where applicable.

• Ensures compliance with industry regulatory standards.

• Implements core compliance principles, frameworks, processes, systems and platforms.

• Implements the compliance risk management framework, reviews the regulatory universe to identify key legislation impacting the Bank and facilitates the implementation of the compliance risk management plans and control gap analysis.

• Has the ability to advise on the establishment of effective compliance frameworks, structures and core processes.

• Assists with Regulator and audit reviews insofar as it relates to the specified portfolio and oversees compliance actions.

• Assists with regulatory change and commentary processes in the Bank, as it relates to the specified portfolio.

• Compiles and assists with compliance reports for management and relevant Bank committees.

Key Responsibilities:

1. Compliance Framework & Governance

• Develop, implement, and maintain a compliance framework aligned with local and international standards (e.g. POPIA, King V, Banks Act and regulations etc).

• Establish governance processes for compliance reporting, escalation, and issue management.

• Serve as the primary liaison between the specified portfolio, compliance, internal audit, risk and regulators where regulatory engagement is warranted.

2. Risk Identification & Management

• Conduct regular compliance risk assessments and control reviews to identify compliance gaps and emerging risks.

• Ensure that controls and data management practices mitigate legal, regulatory, and reputational risks.

• Oversee the implementation and remediation of audit and compliance findings.

3. Policy Development & Maintenance

• Draft, update, and enforce the required compliance policies, standards, and guidelines.

• Ensure alignment with corporate governance requirements (e.g. King V principles).

4. Stakeholder Collaboration

• Partner with key internal stakeholders for example, Legal, Risk, Data Privacy, Procurement and Internal Audit teams to ensure consistent compliance practices across business units.

• Provide advisory support on key regulatory expectations.

• Engage with external Regulators, auditors, and industry bodies if needed.

 5. Compliance Reporting & Training

• Prepare compliance dashboards and reports for executive management and Board Committees and regulatory submissions.

• Conduct training and awareness programmes to promote understanding of compliance and data privacy obligations.

Qualifications & Experience

• Bachelor’s degree in Law (LLB), Admitted Attorney, Risk Management, or a related discipline and/or a compliance qualification, together with a Postgraduate qualification.

• Have an understanding of the core principles of an effective compliance function.

• CISA, ISO 27001, CPrac.

Required Experience:

• Minimum 7–10 years of relevant experience in compliance, or a risk related discipline.

• Demonstrated experience within banking compliance.

• Strong understanding of the legislative landscape for banking.

• Proven ability to manage complex compliance related audits, regulatory reviews, and cross-functional compliance initiatives.

• Detailed experience in the Legal and/or compliance environment within banking.

• Has an understanding of and an ability to implement compliance methodology.

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