Business Assurance Manager, Business Control Unit at Standard Bank - UK

Douglas, Isle of Man, Isle of Man -

Full Time

Start Date

Immediate

Expiry Date

22 Jul, 26

Salary

0.0

Posted On

23 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Corporate Governance, Compliance, Anti-Money Laundering, Operational Risk, Regulatory Frameworks, Financial Services Regulations, Risk Mitigation, Control Self-Assessment, Key Risk Indicators, Incident Analysis, Audit, Fraud Detection, Client Servicing, Banking Processes

Industry

Financial Services

Description

Company Description Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you. Job Description To ensure that The Standard Bank of South Africa Limited, Isle of Man Branch (‘SBSA IOM Branch’) operates within all regulations through stringent monitoring and control processes thereby delivering a robust first line of defense. To manage and control risk exposure arising, principally from Operational and Anti-Money Laundering risks in line with procedures and processes that exist to minimise the risk to the bank. Qualifications Minimum Qualification: Diploma in Risk Management (Required) First Degree in Corporate Governance and Risk Management (Preferred) Experience Required : 5 - 7 years experience in Offshore An appropriate diploma in compliance, governance and risk related fields. A thorough understanding of Financial Services regulations and associated risks as well as experience in developing and implementing plans for the mitigation thereof. Key Outputs : Act as a point of escalation for more complex matters, raised by junior employees, to ensure that issues are managed and resolved efficiently and effectively. Complete the Risk and Control Self-Assessment for SBSA IOM Branch processes. This includes control checks, Key Risk Indicators and ad-hoc reviews in order to ensure adequate risk management and mitigation. Deliver timely advice to the team on compliance and regulatory issues, liaise with Compliance, Operational Risk and Senior management with regards to these issues to ensure compliance to regulatory and organisational frameworks, in order to enable the business to be commercially successful whilst legally and statutorily sound. Facilitate and oversee operational assurance test plans which cover key business. Identify areas for improvement through analysis of incidents, breaches, complaints, Audit and Compliance review finding to ensure that SBSA IOM Branch has appropriate and effective methodologies, processes and tools to manage risk exposure and facilitate compliance. Additional Information Behavioural Competencies: Challenging Ideas Developing Strategies Documenting Facts Establishing Rapport Exploring Possibilities Technical Competencies: Banking Process & Procedures Client Servicing Fraud Detection and Management Query Resolution Risk Awareness #SBO Business Segment: Corporate & Investment Banking

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Responsibilities

The Business Assurance Manager ensures the branch operates within all regulations by managing operational and anti-money laundering risks. They act as a point of escalation for complex issues and facilitate operational assurance test plans to ensure effective risk mitigation.