Latest Jobs at Absa

Job Summary

1. To lead the Country Compliance & Legal function providing strategic direction and focus.
2. Responsible for the implementation and maintenance of a fit-for-purpose” operational framework managed to address all elements, which fall under the scope of Compliance and Legal. Ensuring the effective management of regulatory relationships.
3. To ensure legal and company secretarial function in country delivers effective control of legal risks and discharges company secretarial functions.
4. Lead the Compliance team by coordinating all regulatory compliance activities across the Bank, to ensure Senior Stakeholders are presented with an appropriate view and recommended measures that guarantee the permanent compliance of the Bank with all regulations in place and managing any regulatory compliance risks faced.
5. Also oversees that there is good corporate governance in the bank, ensuring that mandates are appropriately applied, executed and duly documented.

Job Description

Key Accountabilities

1. Risk & Compliance Management  
2. Time Split: 50%
   1. Establish and implement a consistent operating framework for the identification, management, monitoring and reporting of country Compliance risks and issues.
   2. Responsible for ensuring that the operating framework is  embedded consistently in country to meet internal and statuary requirements.
   3. Participate in the development of processes, policies and procedures designed to reduce legal risk and/or increase the efficiency of Absa Africa.
   4. Manage the provision of external support and maintain cost and budgeting discipline in external service purchasing.
   5. Develop and manage collaborative frameworks and Arrangements with business areas and external law firms for the management of legal work capable of commoditization / out-sourcing.
   6. Lead and work closely with direct management team, in proposing and ensuring the delivery of agreed compliance activities
   7. Maintain a leading-edge compliance framework by working closely   with People Function, the Africa Compliance leadership team, Global Compliance counterparts and key stakeholders
   8. Accountable Executive for the review, challenge and group-wide deployment of Regulatory Compliance policies and standards                 
3. Business Management     
   1. Time Split: 20%
   2. Participate in the development and implementation of training for business and support areas and for other members of the legal & compliance function on relevant legal & Compliance risk issues.
   3. Attend business team and relationship management meetings with external legal firms and relevant Compliance Forums & Conferences to enable the role holder to stay abreast of developments in the Regulatory Compliance world.
   4. Proactively forge relationships with a broad range of business areas and third parties in order to encourage the best quality output and service from the team.
   5. Act as key advisor to business unit heads during the review of opportunities for the creation of new business categories, acquisitions, disposals or new joint ventures that will have Group wide impact
   6. Accountable Executive to ensure that regulators are updated on progress relating to the deployment of regulatory initiatives across the Bank.
   7. Build, maintain and implement a robust financial control and governance framework capable of withstanding high levels of internal and external scrutiny (internal Audit, External Audit, various regulators).
   8. Own the financial planning cycle for Legal &Compliance and manage all costs in the Unit.
4. Advise, Guidance & Reporting    
5. Time Split: 15%
   1. Deliver valued advice and guidance to management on all Compliance issues.
   2. Deliver an appropriate review mechanism to assess reputational risk before it is assumed.
   3. Keep the local management team and ARO (African Regional Office)
   4. Head Compliance and other Executives informed on Compliance matters, which may pose financial or reputational risks for the business.
   5. Be a key role player in the establishment of the Bank’s appetite for compliance and implement a framework of supporting controls.
   6. Actively engage across all business lines within the division in terms of compliance risk through various forums and individual meetings in order to ensure benchmarking and sharing best practices in support of the Bank's control environment.
6. People Management     
7. Time Split: 15%
   1. Set challenging and stretching objectives and ensure effective performance management, development and succession planning.
   2. Inspire and drive high performance in individuals and in the team.
   3. Act as a role model and drive proactive application of Absa values throughout the team including establishment of common goals and objectives.
   4. Equip team leaders to deliver a high performance culture.
   5. Partnering with Exco members and their Executive teams in the design and delivery of their respective Compliance and corporate governance agendas 

Role Person Specification

Education and Experience Required

1. Graduate with professional qualification and experience (Legal)
2. cal/Managerial) experience

Knowledge & Skills: (Maximum of 6)

1. Good knowledge of regulatory requirements and expectations. Sound application of the international agendas and objectives of international regulators, particularly Financial Services Authority
2. Qualified Lawyer with strong technical knowledge of or ability to deal with:
3. General banking law
4. Litigation and legal disputes (including Alternative Dispute Resolution)
5. Personal and Corporate Insolvency
6. Standard Bank Security Documents
7. Standard/common bank lending documents
8. Money laundering.
9. Business of banking: strategic direction, development of products and services, external business and regulatory environment
10. Business ompetencies: innovation and commercial awareness, ability to contribute to development of business strategy
11. Technical knowledge of; Data Protection; Advertising regulations; Intellectual property; Receivables financing (factoring); Asset finance; Consumer credit; Bank regulation and compliance; Local regulation of financial services industry; Leasing;
12. The above arce relevant areas of expertise, post holder may be expected to combine or develop some of them, No one could be a specialist in all.
13. Significant level of experience at senior level and managing senior stakeholders’ relationships

Competencies: (Maximum of 8 competencies)

1. Incisive analytical ability to resolve and minimize legal risk issues and new product legal issues
2. Solid knowledge, understanding and application of Regulatory Compliance
3. Influencing and negotiating
4. Autonomous decision making - ability to take major legal decisions and conduct negotiations for and on behalf of the business
5. Ability to design and conduct technical/up skilling programmes
6. Good understanding of global standards of best practice and shared changing environment and thrive on change and the need to learn rapidly.

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Job Summary

To support the Managing Director in the operational management of the business by providing strategic partnering, operational support, administrative support and managerial functions. Act as a strategic assistant and apply professional knowledge and expertise to support Managing Director in all strategic planning activities. Act as the first point of contact for the Managing Director during their absence. Maintain a high degree of confidentiality at all times and to interact with stakeholders at various levels in order to deliver on the work outputs.

Job Description

1. Administrative Activities: Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
2. Dealing with Stakeholders: Taking responsibility for managing the expectations of stakeholders
3. Quality Assurance: Maintain a desired level of quality in a service or product, especially by means of attention to every stage of the process of delivery or production | Meeting deadlines: Completes tasks timeously | Verifying Information:
4. Check different types of information for accuracy and inconsistency 

Education

Higher Diplomas: Office Administration (Required)