Manager: Compliance job at Absa Bank

JOB DETAILS:
Job Summary
The monitoring of the compliance processes and methodology in all the businesses to ensure regulatory and AML compliance throughout the business unit as well as the implementation, alignment and embedding of the compliance training requirements in the business.
Ensuring that the compliance function delivers the regulatory, compliance and financial crime deliverables required.

Job Description
MONITORING
Time split 60%
OUTPUT:
• Apply the Absa Compliance Methodology and processes for the monitoring and reporting of compliance risks and issues.
• Implement, align and embed compliance principles and methodology throughout the business

• Ensure that appropriate compliance policies are in place and embedded to meet Absa Group and local regulatory requirements.
• Monitor the operation of the compliance policies.

• Identify and escalate the need for new or amended policies and procedures.
• Manage regulatory compliance coverage for the business

• Conduct follow-up reviews on the progress made to address material issues(Compliance and Regulatory)

• Provide guidance and support to business on compliance monitoring related activities and queries.
• Perform ad hoc compliance reviews on specific matters at the request of the Absa Group Compliance Function or country management.
• Agree action plans in order to address the monitoring and testing review findings with business

• Implement and maintain an effective tracking mechanism of all the reviews and respective findings.

TRAINING ON POLICIES AND PROCEDURES (30%)
OUTPUT:
• Responsible for the training on all compliance policies and standards to all business operations.
• Establish an in-depth understanding of the compliance and financial crime processes and methodology in the business

• Supply formal and informal training with regard to regulatory compliance and financial crime methodologies and processes to the business.
• Keep ahead of all compliance policies and regulatory developments and provide a training framework and assessments for implementation and adoption of such regulations across the business as relevant.
• Development of localized compliance training as required which are aligned to Group.

OVERSIGHT AND REGULATORY INITIATIVES (5%)
• Keep local compliance stakeholders updated on regulatory initiatives, and the impact to their business.
• Embed appropriate compliance policy and procedure review mechanism to assess Compliance risk before it is assumed.
• Keep the Head of Compliance Governance & Assurance and other Management and Executives informed on Compliance matters (regulations and policy) which may pose financial or reputational risks for the business.

MANAGE COMPLIANCE MONITORING & TEAM (5%)
• Act as a role model and drive proactive application of Absa Values throughout the team including establishment of common goals and objectives.
• Ensure that all subordinates in the country team have appropriate Personal Development Plans in place to meet the Absa strategy, local business objectives, and that these are signed off by the line management.
• Manage all facets of the teams personal and business development objectives, and complete all career reporting responsibilities in a timely, professional manner
• Ensure the team complete all online training requirements.

TECHNICAL SKILLS/COMPETENCIES
• Intellectual and analytical skills of a high order. He/she is likely to be a graduate and / or have a professional qualification.
• The strength of character, credibility and personal presence and the communication skills to operate confidently and effectively at senior levels both internally and externally.
• The flexibility to appreciate the commercial objectives of the business, coupled with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and to the requirements of relevant authorities. Tact and sensitivity as well as strength and authority are important.
• Ability to use initiative and work with minimum supervision but ensuring, at the same time, that the line reports are kept fully informed at all times.
• Ability to consider issues from a range of angles and propose creative solutions that assist the business in achieving its goals in a safe, compliant and controlled manner.
• Ability to communicate effectively, orally and in writing, with senior internal and external audiences – to educate, persuade, negotiate, gain decisions, enforce.
• Ability to influence senior management.
• Ability to make a real contribution in a rapidly changing environment and thrive on change and the need to learn rapidly.
• Good analytical skills
• Sound knowledge of local Compliance Policies and other compliance requirements
• Comprehensive knowledge of risk management skills, methodology and processes.
• Excellent working knowledge of MS Office applications with a high exposure to spreadsheet analysis

Education
• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure

Click here to apply >>>

Subscribe for Job Updates

Get All The Newly Listed Jobs in Uganda Today in Your Email

Join our WhatsApp Job Alert Channel

Click Here to Join >>>>

More Information

Apply for this job
Share this job

Leave your thoughts

Jobs By Category

Jobs by Location

Browse through our jobs hub for all the latest jobs, career opportunities and Vacancies . Move up today for a perfect employment on Uganda's Number (1) Job Listing website.

Don't Miss out on the daily job updates, Subscribe Now!

SUBSCRIBE & GET JOB UPDATES