ARO Compliance Monitoring & Testing (M&T) Officer

at  Absa Bank Limited

Empowering Africa’s tomorrow, together…one story at a time.
With over 100 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
Execute M&T review activities and issue validation to the highest quality in terms of the Group Compliance M&T methodology with minimum supervision from the line manager. Co-ordinate and report on the key focus areas across all ARO M&T team deliverables.
Job Description

The ARO Compliance Monitoring & Testing (M&T) team is looking for a team player with the following attributes:

• A strong governance mindset
• Great attention to detail with quality, timeous delivery
• Ability to analyse and interpret data
• Passionate about adding value to business and improving processes
• Ability to deal with stakeholders across different jurisdictions

Key Responsibilities

Governance, Monitoring and Reporting

• Co-ordinate, consolidate and report on the key focus areas of the ARO M&T scorecard deliverables, notably:
• Delivery to the committed assurance plans.
• Tracking and monitoring of M&T assurance findings.
• Monitor compliance to the Group Compliance Assurance methodology
• Produce, analyse and interpret detailed reports explaining trends, discrepancies, and inconsistencies. Use these to identify and recommend improvements and provide advice to ensure that solutions are appropriate and effective.
• Attend relevant forums, committees and structures related to area of specialisation as may be directed by line manager or business requirements or stakeholder expectations.
• In combination with each in-country M&T team providing input into the planning cycle by considering the risk and control profile, business strategy, regulatory changes and material conduct and reputation risks affecting the business.

Operational Efficiencies

• Delivery of appropriate initiatives, training, applications, systems, and tools to enable knowledge, skills, robust application, and reporting. Particularly in respect of risk management tools, applications, and systems assurance methodologies; RICM; issues management etc. Provided guidelines and support to ensure consistency.
• Identify opportunities for using Data Analytics and enhanced automated monitoring and testing techniques.
• Implement the use of HighBond frameworks to create efficiencies and reduce the time taken.
• Keeping up to date with industry trends, regulatory changes and professional standard.

Assurance Reviews and Issue Validations

• Conduct all assurance reviews and issue validations allocated to the highest quality and in line with the requirements of the Compliance Assurance Methodology.
• Actively participate in all the assurance phases - planning and scoping (identification of risks and controls), fieldwork (execution of design and operating effectiveness assessments) and reporting (ensure that any observations/issues and planned actions are agreed with management for factual accuracy).
• Display professional skepticism and apply a residual risk lens to potential issues with management and in final reporting

Stakeholder Relationship Management and Teamwork

• Build and maintain strong stakeholder engagements across ARO and within the centre teams.
• Ensure proactive engagement to enable quality submissions of required deliverables.
• Contribute to ensuring commercially sound Compliance guidance and support in respect of regulatory requirements in a professional and helpful manner.
• Provide guidance to peers by sharing best practice methodology.
• Contribute towards positive employee engagement and culture through active collaboration, identifying improvements and efficiencies across the wider team.

Education
Bachelors Degrees and Advanced Diplomas: Business, Commerce and Management Studies, preferably within Accounting / Audit Completed CIA / CFA/ CA(SA) with Articles or Extensive proven experience within Audit Education Bachelors 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 1998, 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 advertise

Please refer the Job description for details