Senior Officer, Governance, Monitoring & Assurance

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Company Details
Industry: Banking
Description: Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services. "Africa is our home, we drive her growth” Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. This sets the primary goals and standard of excellence we intend to achieve in the medium term. With a heritage of over 150 years, we have an on-the-ground presence in 20 countries in sub‑Saharan Africa; fit-for-purpose representation outside Africa; and a strategic partnership with the Industrial and Commercial Bank of China (ICBC). In line with the realities of risk, regulation, technology and competition that characterise our operating context, we continue to invest significantly in our diversified operations; our people and culture; our systems and infrastructure; and our brand. In doing so, we understand that our commercial success and social relevance over the long term depends on placing our clients at the centre of everything we do, and ensures that the outcomes of our activities are a catalyst for growth on this continent we call home. The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BBB- (negative), Moody’s Baa2 (negative) and Standard & Poor’s BBB- (negative). The group is listed on the JSE Limited, share code SBK, and the Namibian Stock Exchange, share code SNB. The largest bank in the world, ICBC, is a 20.1% shareholder in the group. Other than the 20.1% ICBC shareholding, 32.9% of Standard Bank’s shareholder base is foreign. We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa and ensuring the highest standards of professionalism, integrity and fairness.
Job Description

Job Description

 

To ensure that the bank operates within regulatory and ethical boundaries by developing and overseeing compliance frameworks, monitoring business activities to identify and mitigate risks, and providing assurance through reviews, and tracking. Promoting a culture of integrity, ensuring alignment with laws and internal policies, and support continuous improvement by identifying gaps and recommending enhancements to compliance programs.

 

Qualifications

 

Type of Qualification: First Degree

 

ACAMS,ICA Certification will be an added advantage

Experience Required

Compliance Risk Management

 

5-7 years

 

The role requires a specialist in Compliance Advisory and Monitoring with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking policies, products and activities.

 

Ability to take the understanding of business needs and operations and to translate it into Compliance risk management solutions.

 

Preparing and providing input into the Board Reporting and Compliance Governance reporting as per the submission calendar.

 

Conducting internal assurance reviews and assessing adherence to laws, regulations and policies.

 

Identifying opportunities for the automation of Compliance Monitoring.

 

 

 

Education: Degree, Diploma
Employment Type: Full Time

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