Absa Hiring Compliance Officer

Compliance Officer

Empowering Africa’s tomorrow, together…one story at a time.

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.

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Job Summary End to end Compliance Risks Management of Absa Bancassurance Intermediary Limited, and Absa Asset Management Limited, both of which are subsidiaries of Absa

Bank Kenya. This includes.Providing advisory compliance support to the two subsidiaries, reporting on the level of compliance with internal policies and procedures, applicable laws, regulations, and rules impacting the businesses and implement and manage specific regulatory compliance projects within the businesses.The monitoring of the compliance processes and methodology in all the businesses to ensure regulatory and AML compliance throughout the business unit, as well as the implementation, alignment and embedding of the compliance training requirements in the business.

Job Description

Key Accountabilities.Advisory (45%)

Provide Compliance support to the two subsidiariesProactively advise the businesses on new regulatory developmentsSteer the businesses towards compliance with new regulatory developmentsProvide Compliance guidance on day to day dealing and mattersDeliver other Compliance related projects as and when directedEnhance and promote a compliance culture through awareness activitiesAdvise business on compliance issues and providing of compliance opinionsImplement, embed and monitor compliance policies, processes and methodology in the business operations. Create and build a compliance presence in the businessParticipate in the new product initiative process by reviewing new product proposals for compliance against local regulatory requirements Ensure that business addresses concerns raised by the Regulator /delivers on commitments made to the RegulatorImplement and comply with AIA Audit recommendationsFollow up on any compliance related findings or action itemsAdvise business on any changes in set standards/ local requirements (throughout the year) Identify business impact for new regulatory requirements and escalate upwards as necessaryAct as point of contact between business and Compliance department.

Liaise with regulators (20%)

Effectively manage regulatory relationships. This includes the CMA, RBA, IRATimeously respond to regulatory requestsEnsure timely closure of regulatory commitments

Stakeholder Management (15%)

Effectively manage in country compliance with the businesses. Keep the in-country Compliance Director informed on compliance matters which may pose financial or reputational risks for the business.Attend relevant in country meetings, and assist forums in identifying and comprehending compliance risksCommunicate regulatory issues/concerns with internal stakeholders and line managementDevelop and implement program for regular meetings with internal stakeholders Assist business to draft correspondence and presentations to the Regulator.

Reporting (20%)

Prepare reports to various governance forums Submit reports to the in-country Compliance Director Complete & submit accurate & timeous compliance returns and regulatory and reports (monthly, quarterly, yearly)

Qualifications & Experience

Bachelor’s degree 4 years of experience in Compliance Management

***Application Deadline – 20th March 2024***

Absa Bank Kenya is an equal opportunity, affirmative action employer. Preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Education

Higher Diplomas: Business, Commerce and Management Studies (Required)

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Compliance Officer

Empowering Africa’s tomorrow, together…one story at a time.

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