Head of Business Advisory Compliance

Job Summary

To form part of a professional Compliance team that is located at NBC, ensuring that the relevant policies are applied, that the compliance culture is embedded in business to robustly manage regulatory and reputation risks. The individual will be overseeing coverage of departments and will work within a pressurized, deadline-driven environment.

Job Description​

Stakeholder Relationship Mgmt

• Assisting the Head of Compliance to align the Compliance function to Absa, formulate, update and implement control procedures and policies that will ensure adequate risk management to enable business; compilation of training material and 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

• The role requires close interaction with senior members of the front office and infrastructure in-country. In addition, there will also be ad hoc interaction with senior stakeholders from the Regional South Africa Office.  
• Continued pro-active stakeholder engagement and involvement on a business, regulator, and industry level.
• Participate in industry-related initiatives and establish networks with key role players
• Serve as nominated members of industry committees relevant to an allocated cluster of regulatory requirements or any other committee as requested by the Head of Compliance.
• Provide feedback to business stakeholders of compliance issues of common interest in relation to industry developments.
• Participate in Absa and NBC’s committees as allocated
• To facilitate and embed policies, processes, and business requirements to ensure that risk is sufficiently mitigated in-country
• Manage and oversee the implementation of the compliance governance and control framework for all departments
• Review Compliance policies that are applicable to business for in-country approval and implementation
• Provide advice, guidance, and support to businesses including transactional advice, conflicts, new products, and business initiatives/projects.
• Responsible for managing the business compliance processes, e.g. complaints process, conflicts clearance process, wall crossings, Personal account dealing, outside business interests, gifts, and entertainment approvals, etc.
• Responsible for managing the dealing loggings.
• Implement and maintain the “fit-for-purpose” operational framework managed to address all elements which fall under the scope of Compliance.
• Support the compliance expansion (organic and inorganic) support activities such as due diligence, integration planning, new business launches, etc
• Support business in the effective management of all businesses compliance risks. It is preferred that the compliance business advisory to have regular engagement with the stakeholders.
• Assist in the effective management of regulatory relationships.
• Ensure that appropriate compliance policies and procedures are in place and embedded to meet Group and local regulatory requirements.
• Interpret statutes and regulations to determine whether the regulatory environment in country impacts a particular business product or project.
• Maintain a detailed understanding of applicable business policies and products.
• Responsible for the Compliance input into the NPA process.
• Responsible for reviewing new and existing products.
• Up skill and continuous training to relevant in country staff (new and existing) on compliance matters and follow up to ensure their completion of mandatory trainings. This includes face to face as well as on line training.
• Participate in the in country approval of transactions with high reputational risks
• Development of monthly Compliance reports.
• Adequately escalate and address breaches and incidents
• Report on the level of compliance with internal policies and procedures, applicable laws, regulations and rules impacting the businesses. Conduct verification testing and business monitoring.
• Conduct Monitoring and Surveillance for CIB, RBB and Infrastructure
• Escalate breaches and incidents to the Regional Compliance team.

ajiraCompliance Strategy:

• To design and implement training to compliance and Business staff in line with the Absa Policy requirements including the Compliance training manual.
• Provide input into the continued development of the compliance methodology based on own experience, research conducted and information received from stakeholders
• Pro-actively monitor key risks in terms of in country regulatory requirements including but not limited to data mining of the  in country complaints data .
• Upkeep of regulatory knowledge on CIB, RBB and Infrastructure environment is required.
• Facilitate the submission of any compliance business advisory Reports related to allocated regulatory requirements including reviews in support thereof;
• Maintain Compliance Risk Profile Workshop Documents in respect of allocated in country regulatory requirements.
• Develop relevant compliance tools for the allocated regulatory requirements to assist management to manage the associated compliance risk.
• Manage delivery of all Monthly and Quarterly Compliance reports to Line Management, Business and the Regional Africa Compliance functions.
• Development and maintenance of key risk and performance indicators, risk and control assessments, and risk management plans.
• Provide relevant, accurate and updated information on request or in terms of agreed timelines to be included in various stakeholder reports such as the Group Risk Governance and Control Committee, Group Governance and Control Committee, Group

• Audit and Compliance Committee, Absa GRCB, ORC Report, Regulatory Principle Risk Report, Annual Financial Statements.
• Manage all in country CIB, RBB, WIMI and Infrastructure related projects.

Business Enablement:

• Ensure commercially sound Compliance guidance and support in respect of CIB, RBB and Infrastructure requirements in a professional and helpful manner, always considering the potential alternatives within the rules and regulations applicable, endeavouring to find solutions to ensure compliance as well as the continuation of business.
• Support our stakeholders by providing well researched opinions and articles.
• Participation and involvement in quarterly monitoring planning meetings by providing guidance iro allocated regulatory requirements, the relevant sections to be monitored and the frequency of monitoring.

Compliance Policies:

• Review Absa policies for in country approval and implementation. Develop local addenda where applicable. Manage the submission to Board and in country Regulator where applicable.
• Provide reports and assist with queries from stakeholders with regards to allocated policies.
• Annual and ad-hoc reviews and update of policies and associated procedure manuals.
• Co-ordination of Group-wide monitoring and content of audit plans in respect of allocated policies.
• Maintenance of the allocated Compliance Policies.

Management and Leadership:

• Work within a team of compliance specialists to ensure effective daily operations in alignment with the accountabilities listed above.
• Support the Head of Compliance and the Regional Compliance to develop a high performing team by conducting daily and weekly operational performance discussions and assisting employees to prepare the portfolio of evidence for formal performance development discussions.
• Coach and mentor fellow team members on a daily basis on how to improve their productivity and use of the bank’s processes and systems.
• Determine and analyse development needs for the business compliance advisory with Head of Compliance and Regional Compliance, and ensure that identified training requirements are executed.

Qualifications 

Bachelor`s Degrees and Advanced Diplomas - Business, Commerce and Management Studies, Compliance Advisory & Interpretation (Meets all of the requirements), Compliance Experience, Digital familiarity (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements)