Compliance Officer: Private Side Advisory

Absa Group; Sandton; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A prominent banking institution in Sandton is seeking a Compliance Advisor for its Investment Banking Division. This role involves providing advisory support on compliance issues, developing training for staff, and ensuring effective risk management. Candidates should possess a relevant degree and compliance experience in investment banking. This position offers an opportunity to influence compliance culture and regulatory relationships within the organization.

Qualifications

• Experience within Investment Banking.
• Compliance advisory experience dealing with First Line functions.

Responsibilities

• Provide advisory support on compliance related matters.
• Assist in drafting and implementing compliance policies.
• Develop compliance training for employees.
• Monitor compliance within business areas.

Skills

Compliance advisory experience

Knowledge of banking regulations

Ability to analyze information

Effective relationship building

Continuous upskilling

Education

Bachelor's Degree in Business, Commerce, Law, or Management Studies

Job description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

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.

Assisting the Private Side Compliance team to formulate, update and implement policies and control procedures that will ensure adequate risk management to enable business; compilation of training material and facilitating training of relevant staff; adequately monitoring instances of non-compliance with the company’s policies and procedures and generally establishing a compliance culture and creating an awareness of compliance through interaction with business as well as assisting in managing regulatory relationships.

Job Description

• Providing proactive and responsive advisory support on compliance related matters facing the Investment Banking Division (comprising of M&A, Equity and Debt Capital Markets, SA and ARO Debt, Structured trade and Commodity finance, Sustainable Finance, Syndicate, Structured Asset Finance, Debt Advisory, Commercial Property Finance, Equity Investments and Investment Research)
• Providing advice to business stakeholders in relation to all conduct risk related policies, standards and supporting documents
• Provide advice in relation to cross-border licensing requirements
• Attend Business/transaction approval Committees/Forums and provide compliance approval for the transactions and deals presented at these committees.
• Proactive and forward-looking identification and management of regulatory risks facing the Investment Banking business
• Timely response to ongoing regulatory queries raised by stakeholders
• Assisting in the drafting and implementing compliance policies and guidance relevant to the investment 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. 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.
• 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.
• Implement and maintain a robust compliance risk management program for the Investment Banking division, including active management of the integrated risk assessment, regulatory universe, compliance risk management plans, review and identification of new regulatory developments that impact the Investment Banking Division, review of risk and control inventories and key risk indicators
• Perform ad hoc monitoring of relevant compliance controls within the business areas
• Assist and drive Compliance innovation streams and internal projects.

Stakeholder Relationship Management:

• Continued proactive stakeholder engagement and involvement on a business, regulatory and industry level.
• Represent CIB Business Unit Governance Committees
• Contribute to ensuring commercially sound Compliance guidance and support in respect of regulatory requirements in a professional and helpful manner

Business Enablement:

• Ensure commercially sound Compliance guidance and support in respect of allocated regulatory requirements in a professional and helpful manner, always considering the potential alternatives within the rules and regulations applicable, endeavoring to find solutions to ensure compliance as well as the continuation of business
• Develop an in-depth knowledge of Investment Banking areas and use this knowledge to execute advisory responsibilities.

Teamwork & Culture

• Engage proactively with Compliance colleagues during assignments and request technical assistance where required
• Contribute towards positive employee engagement and culture through active collaboration, identifying improvements and efficiencies across the wider team
• Be assertive- engage and challenge business on issues identified

Education and Experience Required:

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce, Law and/or Management Studies (Required)
• Compliance advisory experience dealing with First Line functions
• Experience within Investment Banking

Knowledge & Skills:

• Knowledge of and ability to interpret banking regulations.
• Knowledge of investment banking products, operations activities, processes and controls.
• Ability to analyze information, interpret and give relevant guidance on applicable regulations, and make appropriate decisions.
• Display professional skepticism and apply a residual risk lens to potential issues with management and in final reporting.
• Continuous upskilling on both technical and other core competencies
• Keeping up to date with industry trends and regulatory changes.

Competencies:

• 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

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