Head: Compliance Monitoring and Testing

2 weeks ago

Johannesburg, Gauteng, South Africa Absa Bank Limited Full time
Bring your possibility to life Define your career with us

  • 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

Job Description:

Monitoring Plan Delivery 35%

  • Drive timely completion of 100% of the GACC approved Compliance Monitoring Plan aligned with Compliance Strategy.
  • Ensure ongoing management of the compliance monitoring plan and identify potential amendments to the plan based on emerging risk and stakeholder requests.
  • Support the Chief Compliance Officer(s) through developing and executing the CM&T strategy, aligned to the overall group compliance scorecard.
  • Drive recruitment and performance management, identifying and enabling the remediation of compliance issues in the respective clusters.
  • Guiding, reviewing and approving the work carried out on compliance monitoring reviews in order to ensure that the scope of the work is appropriate, that risks and controls are correctly identified and assessed and that the compliance monitoring reviews are carried out in accordance with the Compliance Monitoring Methodology, Compliance Manual, Enterprise Risk Management Framework, professional standards, budgets and agreed timelines.
  • Assign responsibilities, direction and guidance to direct reports while maintaining an indepth knowledge of activities in each area.
  • Delivering a view on the effectiveness and adequacy of compliance risk management and controls to the Chief Compliance Officer(s) and management, notably through contributions to committee reporting and Compliance reports, and proposing mitigating actions.
  • Ensure that the Compliance Coverage Plan is effective, including the best use of resources.
  • Setting the benchmark for excellent reporting standards.
  • Producing commentary and information for governance reporting, e.g., to the Enterprise Risk Committees and the Group Audit and Compliance Committee.
  • Using expert knowledge, continuously to refocus Compliance Monitoring Planning and to define future planning direction.
  • Ensure the use of data science in monitoring activities and ensure greater understanding and contextualization of risks.
Management & Leadership 35%

  • Enable a culture of innovation and problem solving by utilizing technology and data to enable greater value to stakeholders.
  • Be an effective leader, working in a collaborative manner to drive progress in the team, embedding a culture of high performance and demonstrating the following shared behaviours:
  • Collaborate for Impact;
  • Enable right risk decisions;
  • Let go to grow; and
  • Show up.
  • Provide leadership to the CM&T team by performing the following:
  • Mentoring and coaching.
  • Providing constructive feedback, including feedback via formal performance development mechanisms.
  • Identifying and developing talent.
  • Recruiting A players and managing out poor performers.
  • Developing succession plans.
Knowledge Management 10%

  • Improve technical knowledge through selflearning or training including mandatory Continuous Professional Education requirements.
  • Sharing knowledge with Compliance Colleagues and peers in the business based on work performed.
  • Sharing knowledge within the internal audit community (e.g. speaking at conferences) or stakeholders to provide them with information about our methodology.
Stakeholder management 20%

  • Continually update awareness of risk issues and changes across relevant business areas and use this knowledge to set strategy and direction in terms of planning for future reviews. Share this knowledge with the Compliance Managers.
  • Understand developments across business areas, which may impact the compliance coverage plan including changing regulatory, economic, market, and risk environment by regularly attending stakeholder meetings (eg: Risk Forums) to gain this understanding.
  • Understand the strategic direction of aligned business areas including regulatory environment, competitive developments, technology and economic changes and communicate these developments to the audit teams. This knowledge can be gained through regular stakeholder engagement.
  • Rely on expert knowledge to continually refocus the Compliance Coverage Plan and define direction into the future. Use knowledge effectively to continually assess evolving risks to set team strategy and direction.
  • Look beyond the current year Compliance Coverage Plan to set long range goals for audit focus.
  • Maintain effective relationships with business management to keep abreast of risk and control issues by regular stakeholder engagement.
  • Contribute commentary and information for Compliance reporting, e.g., to ERC, GACC, etc.
Education and Experience Required

  • NQF Level 7: Honours/Master's Degree
  • B Degree (LLB, Commercial, Informatics, Statistics)
  • B Degree Honours (Com

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