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.
