Compliance Officer at Absa Bank Limited

Key Accountabilities.

Advisory (45%)

• Provide Compliance support to the two subsidiaries
• Proactively advise the businesses on new regulatory developments
• Steer the businesses towards compliance with new regulatory developments
• Provide Compliance guidance on day to day dealing and matters
• Deliver other Compliance related projects as and when directed
• Enhance and promote a compliance culture through awareness activities
• Advise business on compliance issues and providing of compliance opinions
• Implement, embed and monitor compliance policies, processes and methodology in the business operations.
• Create and build a compliance presence in the business
• Participate in the new product initiative process by reviewing new product proposals for compliance against local regulatory requirements
• Ensure that business addresses concerns raised by the Regulator /delivers on commitments made to the Regulator
• Implement and comply with AIA Audit recommendations
• Follow up on any compliance related findings or action items
• Advise business on any changes in set standards/ local requirements (throughout the year)
• Identify business impact for new regulatory requirements and escalate upwards as necessary
• Act as point of contact between business and Compliance department.

Liaise with regulators (20%)

• Effectively manage regulatory relationships. This includes the Capital Markets Authority, RBA, IRA
• Timeously respond to regulatory requests
• Ensure timely closure of regulatory commitments

Stakeholder Management (15%)

• Effectively manage in country compliance with the businesses.
• Keep the in-country Compliance Director informed on compliance matters which may pose financial or reputational risks for the business.
• Attend relevant in country meetings, and assist forums in identifying and comprehending compliance risks
• Communicate regulatory issues/concerns with internal stakeholders and line management
• Develop and implement program for regular meetings with internal stakeholders 
• Assist business to draft correspondence and presentations to the Regulator.

Reporting (20%)

• Prepare reports to various governance forums
• Submit reports to the in-country Compliance Director
• Complete & submit accurate & timeous compliance returns and regulatory and reports (monthly, quarterly, yearly)

Qualifications & Experience

• Bachelor’s degree
• 4 years of experience in Compliance Management
• Experience dealing with Capital Markets is mandatory