Regulatory Compliance Officer

Standard Bank Group; Douglas; On-site; GBP 68,000 - 83,000; Full time

Job summary

Standard Bank Offshore seeks a seasoned Compliance professional to enable the execution of risk management processes within a defined business area, ensuring activities comply with regulatory requirements and protect the group’s reputation.

You will analyse operations to identify compliance risks, tailor risk management plans, address control gaps, and deliver or oversee training and policy materials across the bank's international footprint.

Qualifications

• 5–7 years in Compliance
• Expert in Compliance with regulatory requirements
• Solid understanding of banking products and activities

Responsibilities

• Analyse operational activities to identify compliance risks and ensure adherence to Standard Bank Group compliance frameworks and standards.
• Customise and maintain risk management plans for regulatory context of a functional area.
• Identify and address gaps in controls, processes and procedures; advise on and monitor remediation plans.
• Review compliance training materials to ensure suitability and deliver bespoke face-to-face training where required.
• Review compliance frameworks, standards and procedures and advise on amendments where necessary.

Skills

Compliance expertise

Regulatory knowledge

Banking products knowledge

Risk assessment

Education

First degree in Business Commerce

Job description

Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals.

Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To enable the execution of Compliance Risk Management processes and activities within a specific business/functional area, to ensure that the area is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enable the competitive advantage of the organisation.

Qualifications

• First degree inBusiness Commerce

Experience Required:

• 5-7 years in Compliance
• The role requires an expert in Compliance with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking products and activities.

Key Outputs :

• Analyse the operational activities within a functional area to identify compliance risks and therefore ensure adherence to the relevant Standard Bank Group compliance frameworks and standards.
• Customise and maintain generic risk management plans (RMPs) to ensure it is appropriate within the regulatory context of a specific functional area.
• Proactively identify and address gaps in controls, processes and procedures as well as advise on and monitor remediation plans to address any short-comings.
• Review compliance training material to ensure that it is appropriate for the needs of the functional area therefore providing sufficient understanding and awareness compliance requirements within the relevant area of operations and deliver bespoke face-to-face training where required.
• Review compliance frameworks, standards and procedures in the context of a functional area and advise on their customisation or amendment, where necessary.

#SBO

Additional Information

• Articulating Information
• Generating Ideas
• Documenting Facts
• Upholding Standards
• Making Decisions
• Evaluation of Internal Controls
• Financial Industry Regulatory Framework
• Legal Compliance
• Process Governance

Salary from £75,000

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