Compliance Officer: Transactional Banking at Absa Bank Limited

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Job Summary

Supporting the Transactional Banking Compliance team in developing, updating, and implementing policies and controls to manage risk, across other product and Sales areas within Transactional Banking as needed; creating and delivering training materials for staff; monitoring compliance with company policies and procedures; promoting a compliance culture through business engagement; and assisting in regulatory relationship management.

Job Description

Role requirements:

• 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.

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 or Risk advisory experience dealing with First Line functions (Preferred)

• Experience within either Payments, Digital Platforms or Trade and Working Capital Product (Advantageous)

Education

Bachelor Honours Degree: Law, Military Science and Security (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