Senior Manager Compliance: Business Banking

2 weeks ago

Pretoria, Gauteng, South Africa Africanbank Full time

Purpose of the Role:

To manage compliance officer/s in terms of agreed compliance methodology in respect of the Business Banking division of African Bank, including but not limited to business banking products and services and public sector.

To facilitate and communicate compliance and non-compliance to business and the Head of Compliance Business Banking, including Group Chief Compliance Officer in line with regulatory and statutory requirements.


Minimum Education and Experience:

LLB 5 years compliance management experience within a Banking environmentMust have working knowledge of the Municipal and Public Finance Management Act and work experience in Business Banking.

Experience in Public Sector Compliance would be advantageousRole Responsibilities:
Stakeholder Engagements Create and maintain productive relationships with internal and external clients by providing advice and assistanceCreate understanding of the 'real' versus 'perceived' need through experience and expertise while complying with company policies, legislation and regulationsKeep the client informed about progress through written communication, telephone communications, and/or face-to-face meetingsBuild a positive image by exceeding client expectations at all timesPromote a culture of complianceManagement of Resources Manage and develop direct report(s)


Performance management in terms of contracting, reviews and poor performersTraining and developmentEmployee relationsManage people efficiencies through leave management, headcount budget, fixed term contracts, staff movements, secondments, staff utilisationTake appropriate disciplinary measures as requiredFacilitate induction of new staff within one month of joining the organisationAnalysing Statutory requirements and Providing Advice to management Determine all relevant laws and regulations pertaining to the activities of the Business Banking VerticalDevelop/review risk management plans in accordance with industry compliance best practice.

Regularly engage with and advise line management of the requirements in order to determine the necessary controls and ensure update or amendment of operational proceduresAnalyse and advise on adequacy of controls to line managementInterpret, advise and consult with various business functions on issues in respect of legislative requirementsConsult widely with regulatory bodies and industry on interpretation and application of laws and regulations as and when requested by superiorsMonitoring and Reporting on adherence to Statutory Determine and advise the level of compliance within each assigned business unit and entity within the Business Banking VerticalDevelop a monitoring action plan based on identified areas of risk as well as from receipt and analysis of findings from Internal AuditPrepare reports within timeframesAdvise line management of deficiencies and recommend corrective action in conjunction with the Monitoring Senior Manager.

Maintain an issues log of deficiencies and monitor the implementation of corrective actionReport instances of non-adherence to the Head of Compliance:

Business Banking as well as to the Group Chief Compliance OfficerPrepare the necessary Compliance reports for submission to the various Regulators and the Executive and other Committees within the Group as requestedCompliance to Statutory and Regulatory and other Requirements Draft and maintain compliance procedures and processes for approval by the Head of Compliance: Business Banking and the Group Chief Compliance OfficerEnsure that standard policy and process documents are in place in the various business units and that these are regularly reviewed and updated including alignment to the Banking Conduct Standards and Ethics regimeCreating awareness of legislative requirements and ensuring that staff are aware of and competent in all aspects of Compliance, utilizing different methodsIssuing compliance alerts, publishing documentation on the intranet and drafting communication and advice for internal useAdvise Training Department of required targeted and general training interventions in respect of new or amended laws and regulations, prepare training material as required and monitor educational outcomesPrepare information for the Head of Compliance: Business Banking presentation at various committeesCommunicating with Regulatory Bodies Liaise with and communicate with regulatory authorities as determined by the Head of Compliance: Business BankingConsult widely with such regulatory bodies on interpretation, application and level of adherences to laws and regulationsManage and assess the quality of regulatory reportingRespond to any enquiries from the regulatory bodiesLiaise with business regarding special requests from Regulators and facilitate submissions where requiredCo-ordinate and facilitate on site regulatory audits whenever requestedPrepare information on relevant regulatory interaction as requestedProfessionalism and team work Ability to manage and engage with and work supportively with team membersAbility to add value to the efficiency of the division through process and systems enhancement including documenting and implementing enhancements and automationAbility to inspire team members by setting an example of professional behaviour including quality of work; meeting deadlines communicating timeously with stakeholders; giving feedback; working additional hours where required through deadlines or urgent issues that are to be attended toOther/general Assisting the Head of Compliance: Business Banking with any other requirements relating to ensuring the successful delivery of output of the Business Banking Vertical.

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