Standard Bank Group Currently Recruiting in Zambia: Chief Compliance Officer
- Company: Standard Bank Group
- Location: Lusaka, Lusaka Province, Zambia
- State: Lusaka
- Job type: Full-Time
- Job category: Banking Jobs in Zambia
To lead and manage Stanbic Zambia Compliance team accountable for providing compliance risk management support to senior management and Stanbic Board in discharging their responsibility for managing the compliance and regulatory risk types and providing assurance that processes for identifying, measuring, controlling and reporting on compliance risk in accordance with the bank’s and Group’s compliance risk management framework, standards and policies. Responsibilities include contributing to business strategy formulation and execution as part of the bank’s executive committee ensuring that there is appropriate consideration of compliance risk implications arising from the business strategy and plans.
Key Responsibilities/Accountabilities
- To provide compliance risk leadership to in country compliance and ensuring compliance with group minimum standards in relation to compliance risk and other regulatory risks as may be determined from time to time by Standard bank ROA and board of directors.
- To determine the compliance risk strategy for the bank in consultation with business partners, aligned to the Standard Bank ROA and Group compliance risk strategies.
- To define, develop and maintain an effective compliance risk management framework, aligned to the SBAF business processes, SBAF compliance risk framework and Standard Bank Group’s standards.
- To participate in the bank’s business processes, initiatives, forums, committees, etc. to ensure that compliance risk requirements are appropriately considered, executed and reported e.g. Board risk and audit committees, EXCO, PBB and CIB Exco’s, Operational Risk and Compliance Committee, New Products Committee, ALCO, Credit committee etc.
- To communicate Standard bank Group risk standards, policies and other risk principles effectively to risk staff and business partners.
- To ensure compliance risk standards and policies are properly implemented.
- To perform periodic self assessments of compliance with risk governance standards, to formulate applications for appropriate carve-outs or dispensations from standards and ensure that appropriate remedial action plans are implemented to mitigate any deficiencies identified.
- To ensure that appropriate training initiatives (including calling for training to be provided by Standard Group or Centre Compliance partners) are planned and executed.
- To perform appropriate monitoring activities to provide assurance on the effectiveness of compliance risk functions to the bank’s executive management, its board and to Centre risk partners.
- To escalate breaches and incidents as per the appropriate escalation processes, including appropriate participation in the remedial actions.
- Provision of monthly and quarterly Reports on activities and risk profile to the bank’s governance committees (board, executive and business unit management and risk governance).
- To lead and manage the bank’s compliance team
- Effective management of subordinates
- Evaluate and manage the performance of subordinates to achieve a high standard of competence, motivation and service orientation, focusing on the development and retention of promising staff.
Preferred Qualification and Experience
Knowledge
- A relevant tertiary qualification (a compliance qualification would be an advantage);
- In-depth understanding of the bank’s business environment, strategy and plans and products;
- A working knowledge of the bank’s operating systems and controls;
- Computer literate (MS Office).
Experience
- Between 5/10 years financial banking experience and other related industry experience.
Knowledge/Technical Skills/Expertise
Problem solving
- The ability to identify and understand the business needs and strategies and then to interpret and convert these into compliance risk strategies and action plans;
- The need to identify the long term compliance risk needs to support the business effort;
- The job requires the incumbent to be able to handle authority expediently, be orientated towards immediate accomplishments and to be a firm decision-maker;
- Has a practical comprehension of the impact of the service provided and relationship to staff and customer;
- Has a sound recall of processes and previous experience in order to assist with problems raised.
People Management
- Support and maintain strong team dynamics and culture.
Advisory
- Provide assistance and advise on compliance issues to business and stakeholders as need arises.
Compliance Manuals , Standards , Policies/Procedures & Training and Compliance Monitoring
- Ensure Standards, Policies/ Manuals, training are done as required.
Planning
- The ability to meet tight deadlines and to satisfy customer service requirements in an environment laced with a wide variety of problems and unexpected challenges;
- Required to interpret, analyse, evaluate and formulate plans based on information from a number of sources.
Decision making
- The job requires the incumbent to be able to handle authority expediently, be orientated towards immediate accomplishments and to be a firm decision-maker;
- Consider all the facts, options and possible outcomes prior to making decisions;
- Quick to act upon potential opportunities and threats, and take the initiative within limits of authority.