Head of CIB/RBB Advisory and Risk - Compliance

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Job Summary

The Head of CIB/RBB Advisory and Risk – Compliance is responsible for ensuring that Absa Bank (Mauritius) Limited establishes and implements a robust compliance framework across Corporate and Investment Banking, Retail Banking, and regulatory matters. This role involves providing advisory services, managing compliance risks, and ensuring adherence to both local and international regulatory requirements.

Job Description

Compliance Framework Development and Implementation

• Develop and implement a comprehensive compliance framework including overseeing the anti-money laundering, sanctions, and anti-bribery framework.
• Establish and maintain an Advisory Compliance and Reputation Risk framework in accordance with Group policies and local regulatory requirements.
• Oversee the development of compliant, flexible, and robust systems, procedures, and controls to meet Absa’s compliance objectives.

Advisory Services

• Demonstrate prudence, sound judgment, and appropriate and timely escalations in managing all types of risks applicable to the role.
• Conduct regular risk assessments and compliance audits to identify potential risks and implement corrective actions.
• Ensure robust controls are in place to mitigate risks associated with online transactions and other financial activities.
• To provide advice to businesses on interpretation of financial crime, advisory compliance, and reputation risk policy requirements, as necessary.
• Advising on all financial crime, compliance advisory and reputation risk related matters and providing guidance to relevant business segments on policy/local regulatory requirements application and implementation as appropriate.

Corporate and Investment Banking

• Oversee compliance for Corporate and Investment Banking activities, including capital restructuring, mergers/acquisitions, and other corporate actions.
• Ensure adherence to market conduct policies and governance standards.

Retail Banking

• Oversee compliance for Retail Banking operations, including advisory, assurance and adherence to regulatory requirements.
• Implement and monitor compliance standards for customer service requests and complaints.

Regulatory Matters

• Ensure compliance with local and international regulatory requirements, including the Financial Intelligence and Anti-Money Laundering Regulations.
• Liaise with regulatory bodies and ensure timely reporting and resolution of compliance issues.

Leadership and Team Management

• Lead and develop a team of compliance professionals, ensuring they have the necessary skills and resources to perform their roles effectively.
• Foster a culture of compliance within the organization through regular training and awareness programs.
• Develop initiative-taking teams and ensure effective performance management, development and succession planning for the team.

Reporting and Documentation

• Prepare and present compliance reports to senior management, Board and regulatory bodies.
• Maintain accurate and up-to-date documentation of compliance activities and risk assessments.
• Any other tasks deemed necessary and as will be required by the Head of Compliance

Role/person specificationPreferred Education     

• Bachelor’s degree in law, Finance, Business Administration, or a related field.
• Masters in Law, Finance, Business Administration, Management or a related field.
• Professional certification in compliance (e.g., CAMS, ICA) 

Preferred Experience  

• Minimum of 10 years of experience in compliance, risk management, or a related field, with at least 5 years in a leadership role.
• Strong knowledge of local and international regulatory requirements and best practices.

Knowledge and Skills  

• Excellent analytical and problem-solving skills.
• Strong leadership and team management abilities.
• Effective communication and interpersonal skills.
• Ability to work under pressure and manage multiple priorities.
• High ethical standards and integrity.

Education

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)