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\nJob Summary
\n\uf0a7 The scope of the role referred to as Compliance covers Compliance and AML\/ KYC.
\n\uf0a7 To lead the Country Compliance function providing strategic direction and focus.
\n\uf0a7 Responsible for the implementation and maintenance of a \u201cfit-for-purpose\u201d operational framework managed to address all elements which fall under the scope of Compliance.
\n\uf0a7 To support business in the effective management of Compliance \/ AML risks.
\n\uf0a7 To ensure that Compliance Control resources are sufficient at all times, and capable to deliver on all key elements.
\n\uf0a7 To assist in the effective management of key Country Regulatory relationships.
\n\uf0a7 To ensure that appropriate policies and procedures are in place and embedded to meet Group and local regulatory requirements.
\n\uf0a7 To support due diligence investigations of potential acquisitions.
\n\uf0a7 To ensure that the business has an effective program for raising awareness of relevant issues relating to anti-money laundering, sanctions, and relevant training program to support this.
\n\uf0a7 To Obtain, review, analyse and report on information related to AB&C.
\nJob Description
\nMain accountabilities and approximate time split
\nTeam Leadership\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25%
\n\u00a0\u00a7\u00a0 Establish a highly motivated Compliance Team.
\n\u00a7\u00a0 Set challenging and stretching objectives and ensure effective performance management, development and succession planning.
\n\u00a7\u00a0 Inspire and drive high performance in individuals and in the team.
\n\u00a7\u00a0 Act as a role model and drive proactive application of Absa Values and Behaviors throughout the team including establishment of common goals and objectives.
\n\u00a7\u00a0 Ensure that 75% of leadership team is made up of A players.
\n\u00a7\u00a0 Equip team leaders to deliver a high performance culture.
\nCompliance & Financial Crime operating framework\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40%
\n\u00a7\u00a0 Establish and implement a consistent operating framework for the identification, management, monitoring and reporting of country Compliance risks and issues.
\n\u00a7\u00a0 Responsible for ensuring that the operating framework is embedded consistently in country to meet internal and statuary requirements.
\n\u00a7\u00a0 Establish close working relationships with business other business heads to ensure support for Compliance framework.
\nPolicies and procedures\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10 %
\n\u00a7\u00a0 Responsible for developing and roll-out of Compliance policies and standards.
\nAdvice, guidance & reporting\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25%
\n\u00a7\u00a0 Deliver valued advice and guidance to management on all Compliance issues.
\n\u00a7\u00a0 Deliver an appropriate review mechanism to assess reputational risk before it is assumed.
\n\u00a7\u00a0 Keep the local Management Team and ARO Head Compliance and other Executives informed on Compliance matters which may pose financial or reputational risks for the business.
\nRisk and Controls Objectives
\n\u00a7\u00a0 Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
\n\u00a7\u00a0 Understanding of own role in the end to end processes in which you play a part, including applicable risks and controls.
\n\u00a7\u00a0 Adhere to Absa\u2019s policies and procedures applicable to own role, demonstrating sound judgement and responsible risk management.
\n\u00a7\u00a0 Report all risk events \/ incidents \/ issues using the defined process for your business area and help to understand why these happened and how to prevent them in future. Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
\n\u00a7\u00a0 Continuous and proactive engagement with regulatory bodies, unions where applicable.
\n\u00a7\u00a0 All mandatory training completed to deadline.
\nTechnical skills \/ Competencies
\n\u00a7\u00a0 Strong leadership skills with a proven track record of success in leading a high performance team.
\n\u00a7\u00a0 Intellectual and analytical skills of a high order.\u00a0 He\/she is likely to be a graduate and \/ or have a professional qualification.
\n\u00a7\u00a0 Regulatory experience gained in a retail financial and commercial banking environment and\/or law enforcement\/prosecution environment.
\n\u00a7\u00a0 Good understanding of current and anticipated requirements in Tanzania and the respective supervisory expectations.
\n\u00a7\u00a0 Good understanding of global standards of best practice and shared objectives in the role of the financial system in tackling money laundering, terrorist financing, proceeds of crime and other financial crime.
\n\u00a7\u00a0 The strength of character, credibility and personal presence and the communication skills to operate confidently and effectively at the most senior levels both internally and externally.
\n\u00a7\u00a0 The flexibility to appreciate the commercial objectives of the business, coupled with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and ethical behaviour and to the requirements of relevant authorities. Tact and sensitivity as well as strength and authority are important.
\n\u00a7\u00a0 Ability to use initiative and work with minimum supervision but ensuring, at the same time, that the line reports are kept fully informed at all times.
\n\u00a7\u00a0 Ability to consider issues from a range of angles and propose creative solutions that assist the business in achieving its goals in a safe, compliant and controlled manner.
\n\u00a7\u00a0 Ability to communicate effectively, orally and in writing, with senior internal and external audiences \u2013 to educate, persuade, negotiate, gain decisions, enforce.
\n\u00a7\u00a0 Ability to influence Senior Management.
\n\u00a7\u00a0 Ability to make a real contribution in a rapidly changing environment and thrive on change and the need to learn rapidly.
\nKnowledge, Expertise & Experience
\n\u00a7\u00a0 Good knowledge of regulatory requirements and expectations.\u00a0 Sound appreciation of the international agendas and objectives of international regulators, particularly FSA. Sound Operational Risk management experience.
\n\u00a7\u00a0 Minimum of 10 years\u2019 experience in Compliance Operational Risk preferably including a combination of banking, regulatory, consultancy\/professional.
\n\u00a7\u00a0 Graduate with Professional qualification and experience (Accountancy and \/or Legal).
\n\u00a0
\nSkills required undertaking the role
\n\u00a7\u00a0 Outstanding relationship and interpersonal skills
\n\u00a7\u00a0 Strong negotiation skills
\n\u00a7\u00a0 Strong Presentation Skills
\n\u00a7\u00a0 Strong Relationship Skills
\n\u00a7\u00a0 Credit Risk Skills
\n\u00a7\u00a0 Strong Leadership and Team skills
\n\u00a7\u00a0 Strong Communications skills
\nTraining likely to assist effectiveness in the role, and which may have been completed prior to undertaking this role
\n\u00a7\u00a0 Internal and external senior risk assessment and management
\n\u00a7\u00a0 Influencing and Negotiating
\n\u00a7\u00a0 People Management\/Coaching
\n\u00a7\u00a0 Performance Management
\nAbsa Values
\nAbsa\u2019s Values and Behaviours represent the set of standards which 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:
\n\u00a7\u00a0 Trust
\n\u00a7\u00a0 Resourceful
\n\u00a7\u00a0 Stewardship
\n\u00a7\u00a0 Inclusive
\n\u00b7\u00a0 Courage
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