Compliance Policy Manager New Job Opportunity at ABSA Bank Ltd - Tanzania | July, 2020

Beware of Job Scammers!
Please Never Pay Money To Get A Job!

ABSA Group Limited
Jobs in Tanzania 2020: New Jobs Vacancies at ABSA Group Limited 2020
About Us 
Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.

Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.

We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

Position: Compliance Policy Manager
Location: Absa House - ABT
Bring your possibility to life! Define your career with us
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
To support the Head of Regulatory Affairs in establishing robust controls on Compliance policies, engage business to ensure compliance policies align with Enterprises Risk Management Framework (ERMF) requirements.

To lead the ongoing management of the privacy risk through oversight and governance within the business area to ensure overall compliance with the Group Data Privacy Policy and Standard.
• Provide compliance support in completing conduct risk assessment
• Provide regulatory support in relation to conduct risk
• Conducting data privacy analysis in ABT products
• Implementing and maintaining compliance risk management processes and methodology in country.
• Provide support to line manager to ensure the business complies with compliance requirements, , by providing specialist support to management in identifying risk, compiling risk management plans, providing the appropriate advice and verification checks to compliance related matters.
Free CV Writing and Download, Cover/Job Application Letters, Interview Questions and It's Best Answers plus Examples. Click Here! 

Job Description
Perform analysis of the BU Strategic Initiatives to identifying future plans or decision makings that relate to the following within the product life cycle with the view of identifying areas where possible/potential Conduct risk may exist from:
  • Product / Services Design - functions, activities or practices;
  • Sales / Services Process - functions, activates or practices;
  • Post Sales / Services Process - functions, activates or practices; and
  • Governance & Culture - functions, activities or practices.
  • Ensure evidences in respect of conduct risk are obtained from the respective business unit to ensure quality of report.
  • Manage Conduct risk reporting process, findings and appropriate recommendations for improvement and Road to Green required.
  • Tracking issues emanated from conduct risk to ensure road to green goal is attained
· Provide second line of defense oversight relating to their Business Area.
· Conduct second line independent privacy assurance within their Business Area.
· Align privacy requirements of the Business Area with applicable legislation and regulations.
· Co-ordinate privacy process requirements for the Business Area to ensure consistency.
· Report any deviations from the Privacy policy to the Group Privacy Office on an ongoing basis.
· Oversight and approval of privacy impact assessments as part of the cloud governance process and other change initiatives.
· Track timeous escalation and close out of incidents.
· Co-ordinate actions resulting from data subject requests as these arise.
· Review DWBs prior to submission to the Group Privacy Office to ensure that the risk is acceptable from a business perspective.
· Report DP risks and associated indicators (e.g. Key Risk and Control Indicators) to the Group Privacy Office.
· Act as the single point of contact within the business area for the Group Privacy Office and for all business-related privacy matters.
· Maintain a register of approvals and incidents for the business area.
· Create awareness within the Business Area to drive compliance with the Data Privacy policy and standard. Request assistance from the Group Privacy Office in respect of creating the awareness to ensure consistency in respect of the messages communicated.
· Escalate complex DP issues to the Group Privacy Office for assistance and guidance.
· Monitor the completion of online training within the Business Area.
· Identify areas that require additional privacy training and escalate the requirement to the Group Privacy Office as and when needed.
· Monitor the escalation and close out of DP incidents and escalate to the Group Privacy Office where needed.
· Provide input and support where needed for negotiations on third party contracts/initiatives.
  • Conduct consultation sessions with the business in all compliance policies and standards
  • Conduct gap analysis in compliance policies
  • Perform verification checks on compliance policies
  • Prepare Risk Management plan (RMP) for compliance and business strategies
  • Tracking changes in compliance policies controls and
  • Conduct training on compliance policies
  • Ensure compliance policies are localized and renewed annually
  • Maintain compliance register in align with ARO policy register
Read Also:

Bachelor's Degree - Business, Commerce and Management Studies, Compliance Advisory & Interpretation (Meets some of the requirements and would need further development), Compliance Experience, Digital familiarity (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Leading people - Team level (Meets some of the requirements and would need further development), Openness to change (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements)