Seniour Compliance Manager: Transactional Banking

Absa Group; Sandton; On-site; ZAR 30 000 - 60 000; Full time

Job summary

Join a forward-thinking banking institution dedicated to shaping Africa's future. In this dynamic role, you will empower the Transactional Banking Compliance team by implementing risk management policies and fostering a culture of compliance. You will engage with stakeholders, provide essential training, and help navigate regulatory challenges. This position offers an exciting opportunity to contribute to innovative compliance solutions while ensuring the integrity of banking operations. If you are passionate about compliance and eager to make a difference, this is the perfect opportunity for you.

Qualifications

• Bachelor's degree or advanced diploma in Business, Commerce, Law, or Management Studies required.
• Compliance advisory experience preferred.

Responsibilities

• Assist in formulating and implementing compliance policies for Cash Management.
• Provide advisory support on compliance issues facing the business.

Skills

Knowledge of banking regulations

Transactional banking products knowledge

Information analysis

Education

Bachelor's Degree in Business

Advanced Diploma in Commerce

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

Assisting the Transactional Banking Compliance team to formulate, update and implement policies and control procedures that will ensure adequate risk management to enable the Cash Management 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 Pan Africa Cash Management business
• Proactive and forward looking identification and management of regulatory risks facing the Cash Management 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 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 advisory experience dealing with First Line functions (Preferred)
• Experience within Payments and Cash Management
• FAIS experience (Preferred)

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