Job Summary

To help protect Absa Bank Tanzania business from Conduct risk. To achieve this through establishing a clear risk framework, setting common standards, assessing adherence to standards, giving training and guidance, monitoring the business, and providing advice. This requires being at the heart of the business, whilst being independent of the business as a second line of defense, being proactive in anticipating and addressing risks, driving adherence to the Values of the Bank, and being a role model for Compliance across the industry.

 

 

Job Purpose.

To help protect Absa Bank Tanzania business from Conduct risk. To achieve this through establishing a clear risk framework, setting common standards, assessing adherence to standards, giving training and guidance, monitoring the business, and providing advice. This requires being at the heart of the business, whilst being independent of the business as a second line of defense, being proactive in anticipating and addressing risks, driving adherence to the Values of the Bank, and being a role model for Compliance across the industry.

Main accountabilities and approximate time split

People management

• Develop, motivate, and manage people. Recognize performance, provide appropriate interventions and opportunities, and address poor performance.
• Set clear objectives and responsibilities for everyone. Measure performance against objectives.
• Encourage direct report/s to set challenging objectives as part of the career development process and to ensure effective performance management, development, and succession planning.
• Inspire and promote high performance in individual/s and in the function.
• Act as a mentor and role model and drive proactive application of the Values throughout the team including establishment of common goals and objectives.
• Equip team to deliver based on a high-performance culture

Department Management

 

• Support Head of Compliance through developing and executing the Compliance strategy, contributing to departmental recruitment and performance management, identifying, and remediating departmental issues.
• Provide input to enhance the Compliance methodology.
• Provide input into the department’s risk and control self-assessment (RCSA).
• Share knowledge across the department.

Compliance Advisory

• Drive the right behaviour, specifically adherence to the Values of the bank, in the business through effective standard setting, advice, training, verification, escalation, reporting and engagement.
• Clearly communicate the role and objectives of Compliance to the business.
• Maintain constructive regular engagement with relevant stakeholders, including business, infrastructure, and regulators.
• Provide accurate and timely compliance and regulatory advice to the business as a second line of defense.
• Provide relevant Compliance risk information reporting to management.
• Report and escalate policy and regulatory breaches and compliance or regulatory issues to appropriate stakeholders, which may include business management and regulators.
• Maintain a compliance training plan for the business and ensure effective execution of training, including face-to-face and e-learning.
• Implement policies.
• Manage new regulatory requirements by evaluating regulations (local and international) identified as relevant to the business and provide an impact analysis relevant to the business. Address impacts, including policy amendments, business notifications and provision of training.
• Keep Business appraised of notifications distributed by the regulator impacting the business.

Stakeholder Management

• Position and communicate compliance policies, requirements, and initiatives with the relevant stakeholders.

Risk and Control Objectives

• Perform on-going monitoring of the business through stakeholder engagement, compilation, and assessment of management information, and tracking and analysis of issues.
• Maintain detailed regulatory risk assessments for the business, identifying all regulations and assessing the regulatory risk.
• Maintain and assess regulatory risk MI for the business.
• Perform effective monthly verification testing on key regulatory risks of the business.
• Review and provide input on the Compliance Risk Review coverage for the business. Review the coverage plan, the scope of each review, and conclusions and final report of each review.
• Assess the overall testing coverage on regulatory risk for the business and address deficiencies.

Technical skills / Competencies

Governance

• Serve on appropriate risk and governance forums for Compliance
• Report to relevant governance forums with overall conclusions on regulatory risk

 

Education and Experience Required

• B-degree.
• LLB qualification preferred
• 3-5 years Management experience
• 7 years Banking and Compliance experience

 

Knowledge, Expertise and Experience

Essential

• Understands the legislative and regulatory landscape and requirements imposed by the relevant regulators, including country Regulators, etc.
• Understands international legislative and regulatory requirements impacting the business
• Understands the business and banking products
• Able to analyze, interpret and advise on regulation and legislation.
• Engages regulators and industry groups constructively on compliance and regulatory matters
• Understands the core principles of an effective compliance function.
• Can establish effective compliance frameworks, structures, and core processes.
• Understands and can implement Compliance governance.

 

Competencies & Other Skills

Deciding and initiating action:

• Takes responsibility for actions
• Makes prompt, clear decisions which may involve tough choices or considered risks, projects and people.
• Takes initiative, acts with confidence, and works under own direction.
• Initiates and generates activity

 

Leading and supervising:

• Provides others with a clear direction.

 

Sets appropriate standards of behaviour.

 

• Delegates work appropriately and fairly.
• Motivates and empowers others.
• Provides staff with development, opportunities, and coaching.

 

Persuading and influencing:

 

• Makes a strong personal impression on others.
• Gains clear agreement and commitment from others by persuading, convincing and negotiating.
• Promotes ideas on behalf of self or others.
• Manages conflict.
• Makes effective use of political processes to influence and persuade others

 

Creating and innovating:

 

• Produces new ideas, approaches, or insights.
• Creates innovative products or designs.
• Produces a range of solutions to problems.
• Seeks opportunities for organizational improvement.

• Devises effective change initiatives

 

Formulating strategies and concepts:

 

• Works strategically to realize organizational goals.
• Sets and develops strategies.
• Identifies and develops positive and compelling visions of the organization's future potential.
• Takes account of a wide range of issues across, and related to, the organization

 

Delivering results and meeting expectations:

 

• Focuses on customer needs and satisfaction.
• Sets high standards for quality and quantity.
• Monitors and maintains quality and productivity.
• Works in a systematic, methodical, and orderly way.
• Consistently achieves project goals

Absa Values

Absa’s Values and Behaviors represent the set of standards that governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:

• I drive high performance to achieve sustainable results
• I’m obsessed with customer
• I have an African heartbeat
• I believe our people are our strengths

 

Education

 

Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (Required)