Principal / Sr Regulatory Medical Writer (Portugal / Spain / France / Belgium / Germany / Hungary)

Senior Specialist : Compliance

Location: Johannesburg
Remote Type: Hybrid
Time Type: Full Time
Posted On: Posted Yesterday
End Date to Apply: April 17 (4 days left to apply)
Job Requisition ID: R-

Empowering Africa's tomorrow, together…one story at a time. With over 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.

Job Summary
To support the Everyday Banking (EB) Compliance team in managing the Card Issuing clusters as the Senior Specialist : Compliance. To operate within a pressurized and high-performing environment, helping to protect Absa's business from regulatory, conduct, and reputational risks.

This requires overseeing implementation of a fit-for-purpose framework, setting common standards, assessing adherence to standards, giving training and guidance, monitoring the business, and providing advice. This role is at the heart of the business, independent of the business as a second line of defence, proactive in anticipating and addressing risks, driving adherence to the Values of the Bank, and being a role model for Compliance across the industry.

Key Accountabilities

1. Mandatory Responsibilities
   • Ability to operate at a leadership level in the business – helping shape and execute the business strategy.
   • Business Knowledge – of both the products, customer segments, and the market.
   • Commercial, working with business colleagues to solution, turning regulatory compliance into a competitive advantage.
   • Assertive, with an ability to manage conflict – understands where the regulatory, governance and control line is, and will not cross it.
   • General understanding of the regulatory landscape and deeper regulatory expertise relevant to the business and its strategy.
   • Understanding of good governance and control practices.
2. EB Business Management
   • Support the Head of Compliance : Consumer Products through executing the Compliance strategy.
   • Provide input to enhance the Compliance methodology.
   • Provide input into the EB regulatory, conduct and reputation risk environment.
   • Share knowledge across the EB business.
3. Compliance Advisory
   • Drive the right behaviour, specifically adherence to the Values of the bank, through effective standard setting, advice, training, verification, escalation, reporting, and engagement.
   • Clearly communicate the role and objectives of Compliance to the business.
   • Maintain constructive regular engagement with relevant stakeholders, including business, infrastructure, and regulators.
   • Provide accurate and timely compliance and regulatory advice to the business as a second line of defence.
   • Report and escalate policy and regulatory breaches and conduct or regulatory issues to appropriate stakeholders.
   • Maintain a compliance training plan for the business and ensure effective execution of training, including face-to-face and e-learning.
   • Manage new regulatory requirements by evaluating regulations and providing an impact analysis relevant to the business.
4. Stakeholder Management
   • Be the point of entry for interactions with each regulator regarding the business.
   • Position and communicate compliance policies, requirements, and initiatives with the relevant stakeholders.
   • Actively drive a stakeholder management plan for all compliance and regulatory matters affecting the business.
   • Liaise with senior executive stakeholders and stakeholder groups.
5. Risk Management
   • Be the accountable key regulatory risk owner for the business.
   • Perform on-going monitoring of the business through stakeholder engagement, compilation and assessment of management information, and tracking and analysis of issues.
   • Maintain detailed regulatory risk assessments for the business, identifying all regulations and assessing the regulatory risk.
   • Perform effective monthly verification testing on key regulatory risks of the business.
   • Review the coverage plan, the scope of each review, and conclusions and final report of each review.
6. Governance
   • Serve on appropriate risk and governance forums for Compliance.
   • Report to relevant governance forums with overall conclusions on regulatory risk.

Education
Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of , 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. Absa Bank Limited reserves the right not to make an appointment to the post as advertised.