Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.
Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.
We are recruiting to fill the position below:
Job Position: Officer, Regulatory Compliance
Job Location: Walter Carrington Crescent, Victoria Island, Lagos
Job Type: Full-time
Business Segment: Group Functions
Job Description
- To ensure the Holding Company and subsidiaries adhere to the laws, regulations and policies by monitoring regulatory changes, conducting risk assessments, developing policies and implementing compliance programmes.
- Ensure timely dissemination of new circulars/communication from regulators within 24 hours to the responsible teams.
- Circulate draft regulations to the responsible teams and coordinate the collation of comments for submission.
- Prepare a compliance bulletin on consolidated regulatory developments and communicate on a periodic basis.
- Ensure the Compliance policies and procedures are up-to-date with relevant regulatory requirements and African Region localization as required and approved by the relevant governance committees.
- Ensure all subsidiaries adopt and implement all Compliance policies.
- Investigate and report compliance breaches and ensure corrective actions.
- Conduct quality assurance reviews.
- Monitor adherence with compliance policies and standards in order to identify further areas of improvement, detect breaches and exposures.
Requirements
Qualifications:
- Bachelor's degree in Finance, Accounting, Law, Business Administration or related field
- Master’s Degree can be an added advantage.
- Compliance certification/related professional qualification can be an added advantage
Experience:
- 1-2 years of experience in financial services, knowledge of law and regulations.
- Strong business knowledge in terms of applicable business areas.
- Ongoing, awareness of regulatory requirements which relate to the Group’s business as well as compliance best practices and trends.
- 3-4 years experience in stakeholder management and interpersonal relationship capabilities and knowledge in financial products and services.
Additional Information:
Behavioural Competencies:
- Managing Tasks
- Meeting Timescales
- Providing Insights
- Taking Action
- Team Working
- Upholding Standards.
Technical Competencies:
- Compliance
- Financial Industry Regulatory Framework
- Legal Compliance
- Promote Good Governance, Risk & Control
- Research & Information Gathering
- Risk Management.
