Job Summary
Assisting the Transactional Banking Compliance team to formulate, update and implement policies and control procedures that will ensure adequate risk management to enable the Cash Management business; compilation of training material and facilitating 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 as well as assisting in managing regulatory relationships.
Job Description
Providing proactive and responsive advisory support on compliance related matters facing the Pan Africa Cash Management business
Proactive and forward looking identification and management of regulatory risks facing the Cash Management business
Timely response to ongoing regulatory queries raised by stakeholders
Assisting in the drafting and implementing compliance policies and guidance relevant to the transactional banking business
Reviewing capabilities and compliance for bespoke individual transactions
Reviewing capabilities and compliance for new product launches and new business initiatives
Developing and providing compliance training and awareness to employees.
Assisting with reporting to Head of Compliance, Board, relevant committees, Executive Management, and key stakeholders to manage combined assurance as required.
Any additional salient second line of defense obligations.
This role forms part of broader Transactional Banking Compliance team and Corporate Investment Banking Compliance function.
Facilitating Compliance training (Compliance Induction Training for New Joiners, periodic training for the Business) on a regular basis to ensure that they have adequate technical knowledge to understand the Compliance risk management framework that applies to the bank, as well as the Compliance risks to which the bank is exposed.
Assist and drive Compliance innovation streams and internal projects.
Any additional salient second line of defense obligations.
Compliance as the second line of defense provides Businesses and Functions with guidance, insight and independent challenge in relation to Compliance and Reputational Risk management.
Knowledge & Skills
Knowledge of and ability to interpret banking regulations
Knowledge of transactional banking products, operations activities, processes and controls
Ability to analyse information, interpret and give relevant guidance on applicable regulations, and make appropriate decisions.
Competencies and qualities
Personal and interpersonal competence
Effective relationship building with stakeholders
Commercial effectiveness
Risk and control understanding
Takes accountability for work
Proactive in driving solutions
Deciding and initiating action.
Learning and researching.
Adapting and responding to change.
Persuading and influencing.
Education and Experience Required
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce, Law and/or Management Studies (Required)
Compliance advisory experience dealing with First Line functions (Preferred)
Experience within Payments and Cash Management
FAIS experience (Preferred)
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
