Regulatory Affairs Officer
2025-05-18T20:14:01+00:00
ABSA Group
https://cdn.greatzambiajobs.com/jsjobsdata/data/employer/comp_3682/logo/Absa%20Group.png
https://www.absa.co.zm
FULL_TIME
Absa House Head Office
Lusaka
10101
Zambia
Banking
Legal
2025-05-24T17:00:00+00:00
Zambia
8
Job Summary
Manage Conduct Risk, Localising and implementing compliance policies, delivering training programs, and conducting surveillance to ensure adherence to regulatory and policy requirements.
Reporting all compliance issues to the Head Regulatory Affairs and the Head of Compliance, Implementing and maintaining compliance risk management processes for policies in-country. Provide support to line management in-country to ensure the business complies with regulatory and policy requirements, as provided for in legislation, to mitigate exposure and risk, as well as any loss, monetary and reputational, by providing specialist support to management in identifying conduct risk, compiling risk management plans, integrated risk management, providing the appropriate advice and monitoring levels of compliance with policy requirements.
Job Description
Accountability: Conduct Risk Management - (60%)
Outputs:
- Identify, assess, and mitigate conduct risk across the organization.
- Localise and implement conduct risk management frameworks, policies, and procedures.
- Collaborate with business units to ensure conduct risk is integrated into business decision-making
- Oversight of the banks conduct/reputation/ ethics risk from SLOD
- Reporting of conduct/reputation/ethics risk to in country governance committees including the Board/committees
- Oversee timely submission of relevant business unit regulatory reports
- Engagement with bank stakeholders to ensure conduct/reputation/ethics risk management across the bank
- Keep the Country Head of Compliance and other Senior Management and Executives informed on Conduct, Reputation and any other Policy matters (regulations and policy) which may pose financial or reputational risks.
- Be the conduct/reputation risk SME for the bank and ensure conduct risk (and sub-risk) inclusion in departmental RCSA
- Provide steer on conduct/reputation/ethics risk mitigations/considerations in the NAPA
- Ensure that all conduct/reputation/ethics risk breaches and incidences are logged and tracked to conclusion.
- To provide in country support and coordination with Retail/BB/CIB stakeholders on conduct risk matters
- To facilitate effective and constructive sharing of knowledge and experience of compliance issues across the business
- Oversight of monthly conduct risk assessments and escalations to requisite governance forums
- Oversight of the quarterly conduct/reputation/ethics risk reporting to country committees and group
- Any other conduct/reputation/ethics risk activities assigned by the Director Compliance and Legal
- Act as a role model and drive proactive application of Absa Values throughout the team including establishment of common goals and objectives
Accountability: Compliance Policy Localisation and Implementation (20%)
Outputs:
- Localise, review, and update compliance policies and procedures to ensure adherence to regulatory requirements.
- Ensure policies are communicated effectively to all employees and stakeholders in the business.
- Collaborate with business units to ensure policies are implemented and embedded into business practices.
- Assist in ensuring that business provides comments for policy revision and identify any impact the changes will have on business and track actions for mitigation or closure of the gaps.
- Ensuring that all policies and standards are loaded on PCM timely and on an ongoing basis.
- Preparation of Policy MI
Accountability: Training and Awareness (10%)
Outputs:
- Design and deliver training programs to ensure employees understand regulatory requirements and compliance policies.
- Develop training materials and programs to promote a culture of compliance.
- Collaborate with business units to ensure training needs are identified and addressed.
Accountability: Surveillance and Monitoring (10%)
Outputs:
- Conduct regular surveillance and monitoring to ensure adherence to regulatory requirements and compliance policies.
- Incorporate the Use of Data Analytics in undertaking Surveillance and Monitoring of business compliance to policy and regulatory requirements
- Identify and report compliance breaches or potential breaches to senior management.
- Collaborate with internal audit to ensure effective risk-based auditing.
- Work closely with regulators and External Auditors during Examinations, Inspections and Audits
- Implement continuous monitoring Techniques using Data Analytics
Person Specific:
- Understanding of the nature and dynamics of the banking industry and the associated regulatory and policy requirements
- Ability to interpret laws and regulations
- Intellectual and analytical skills
- The flexibility to appreciate the commercial objectives of the business, coupled with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and to the requirements of relevant authorities.
- Ability to keep calm and provide steer during periods of high pressure / scrutiny
- Ability to deliver and meet objectives with minimal supervision
- Excellent prioritization skills and escalation management skills
- Ability to make quick informative decisions in a rapidly changing environment
- Risk management skills
- Experience of Bank operations
- Good interpersonal skills
- Customer service orientation
- Proficiency in MS Excel, PowerPoint plus working knowledge of MS packages essential
- Analytical skills
- Presentation skills
- Ability to communicate well both verbally and in writing
Education and Professional Skills Required
- Bachelor of Law Degree (Preferable)
- Professional Qualification(s) on Conduct risk and its sub-risks
- Analytical Skills
- Excellent command of Laws, Regulations touching on Banking/Financial Services/ Investment Services etc
- Excellent command of Regulatory Universe (Bank and Subsidiaries), Compliance Risk Management Planning,
Education
Higher Diplomas: Business, Commerce and Management Studies (Required)
Outputs: Identify, assess, and mitigate conduct risk across the organization. Localise and implement conduct risk management frameworks, policies, and procedures. Collaborate with business units to ensure conduct risk is integrated into business decision-making Oversight of the banks conduct/reputation/ ethics risk from SLOD Reporting of conduct/reputation/ethics risk to in country governance committees including the Board/committees Oversee timely submission of relevant business unit regulatory reports Engagement with bank stakeholders to ensure conduct/reputation/ethics risk management across the bank Keep the Country Head of Compliance and other Senior Management and Executives informed on Conduct, Reputation and any other Policy matters (regulations and policy) which may pose financial or reputational risks. Be the conduct/reputation risk SME for the bank and ensure conduct risk (and sub-risk) inclusion in departmental RCSA Provide steer on conduct/reputation/ethics risk mitigations/considerations in the NAPA Ensure that all conduct/reputation/ethics risk breaches and incidences are logged and tracked to conclusion. To provide in country support and coordination with Retail/BB/CIB stakeholders on conduct risk matters To facilitate effective and constructive sharing of knowledge and experience of compliance issues across the business Oversight of monthly conduct risk assessments and escalations to requisite governance forums Oversight of the quarterly conduct/reputation/ethics risk reporting to country committees and group Any other conduct/reputation/ethics risk activities assigned by the Director Compliance and Legal Act as a role model and drive proactive application of Absa Values throughout the team including establishment of common goals and objectives Accountability: Compliance Policy Localisation and Implementation (20%) Outputs: Localise, review, and update compliance policies and procedures to ensure adherence to regulatory requirements. Ensure policies are communicated effectively to all employees and stakeholders in the business. Collaborate with business units to ensure policies are implemented and embedded into business practices. Assist in ensuring that business provides comments for policy revision and identify any impact the changes will have on business and track actions for mitigation or closure of the gaps. Ensuring that all policies and standards are loaded on PCM timely and on an ongoing basis. Preparation of Policy MI Accountability: Training and Awareness (10%) Outputs: Design and deliver training programs to ensure employees understand regulatory requirements and compliance policies. Develop training materials and programs to promote a culture of compliance. Collaborate with business units to ensure training needs are identified and addressed. Accountability: Surveillance and Monitoring (10%) Outputs: Conduct regular surveillance and monitoring to ensure adherence to regulatory requirements and compliance policies. Incorporate the Use of Data Analytics in undertaking Surveillance and Monitoring of business compliance to policy and regulatory requirements Identify and report compliance breaches or potential breaches to senior management. Collaborate with internal audit to ensure effective risk-based auditing. Work closely with regulators and External Auditors during Examinations, Inspections and Audits Implement continuous monitoring Techniques using Data Analytics
Understanding of the nature and dynamics of the banking industry and the associated regulatory and policy requirements Ability to interpret laws and regulations Intellectual and analytical skills The flexibility to appreciate the commercial objectives of the business, coupled with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and to the requirements of relevant authorities. Ability to keep calm and provide steer during periods of high pressure / scrutiny Ability to deliver and meet objectives with minimal supervision Excellent prioritization skills and escalation management skills Ability to make quick informative decisions in a rapidly changing environment Risk management skills Experience of Bank operations Good interpersonal skills Customer service orientation Proficiency in MS Excel, PowerPoint plus working knowledge of MS packages essential Analytical skills Presentation skills Ability to communicate well both verbally and in writing
Bachelor of Law Degree (Preferable) Professional Qualification(s) on Conduct risk and its sub-risks Analytical Skills Excellent command of Laws, Regulations touching on Banking/Financial Services/ Investment Services etc Excellent command of Regulatory Universe (Bank and Subsidiaries), Compliance Risk Management Planning, Education Higher Diplomas: Business, Commerce and Management Studies (Required)
JOB-682a3f89064f6
Vacancy title:
Regulatory Affairs Officer
[Type: FULL_TIME, Industry: Banking, Category: Legal]
Jobs at:
ABSA Group
Deadline of this Job:
Saturday, May 24 2025
Duty Station:
Absa House Head Office | Lusaka | Zambia
Summary
Date Posted: Sunday, May 18 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Job Summary
Manage Conduct Risk, Localizing and implementing compliance policies, delivering training programs, and conducting surveillance to ensure adherence to regulatory and policy requirements.
Reporting all compliance issues to the Head Regulatory Affairs and the Head of Compliance, Implementing and maintaining compliance risk management processes for policies in-country. Provide support to line management in-country to ensure the business complies with regulatory and policy requirements, as provided for in legislation, to mitigate exposure and risk, as well as any loss, monetary and reputational, by providing specialist support to management in identifying conduct risk, compiling risk management plans, integrated risk management, providing the appropriate advice and monitoring levels of compliance with policy requirements.
Job Description
Accountability: Conduct Risk Management - (60%)
Outputs:
- Identify, assess, and mitigate conduct risk across the organization.
- Localise and implement conduct risk management frameworks, policies, and procedures.
- Collaborate with business units to ensure conduct risk is integrated into business decision-making
- Oversight of the banks conduct/reputation/ ethics risk from SLOD
- Reporting of conduct/reputation/ethics risk to in country governance committees including the Board/committees
- Oversee timely submission of relevant business unit regulatory reports
- Engagement with bank stakeholders to ensure conduct/reputation/ethics risk management across the bank
- Keep the Country Head of Compliance and other Senior Management and Executives informed on Conduct, Reputation and any other Policy matters (regulations and policy) which may pose financial or reputational risks.
- Be the conduct/reputation risk SME for the bank and ensure conduct risk (and sub-risk) inclusion in departmental RCSA
- Provide steer on conduct/reputation/ethics risk mitigations/considerations in the NAPA
- Ensure that all conduct/reputation/ethics risk breaches and incidences are logged and tracked to conclusion.
- To provide in country support and coordination with Retail/BB/CIB stakeholders on conduct risk matters
- To facilitate effective and constructive sharing of knowledge and experience of compliance issues across the business
- Oversight of monthly conduct risk assessments and escalations to requisite governance forums
- Oversight of the quarterly conduct/reputation/ethics risk reporting to country committees and group
- Any other conduct/reputation/ethics risk activities assigned by the Director Compliance and Legal
- Act as a role model and drive proactive application of Absa Values throughout the team including establishment of common goals and objectives
Accountability: Compliance Policy Localization and Implementation (20%)
Outputs:
- Localize, review, and update compliance policies and procedures to ensure adherence to regulatory requirements.
- Ensure policies are communicated effectively to all employees and stakeholders in the business.
- Collaborate with business units to ensure policies are implemented and embedded into business practices.
- Assist in ensuring that business provides comments for policy revision and identify any impact the changes will have on business and track actions for mitigation or closure of the gaps.
- Ensuring that all policies and standards are loaded on PCM timely and on an ongoing basis.
- Preparation of Policy MI
Accountability: Training and Awareness (10%)
Outputs:
- Design and deliver training programs to ensure employees understand regulatory requirements and compliance policies.
- Develop training materials and programs to promote a culture of compliance.
- Collaborate with business units to ensure training needs are identified and addressed.
Accountability: Surveillance and Monitoring (10%)
Outputs:
- Conduct regular surveillance and monitoring to ensure adherence to regulatory requirements and compliance policies.
- Incorporate the Use of Data Analytics in undertaking Surveillance and Monitoring of business compliance to policy and regulatory requirements
- Identify and report compliance breaches or potential breaches to senior management.
- Collaborate with internal audit to ensure effective risk-based auditing.
- Work closely with regulators and External Auditors during Examinations, Inspections and Audits
- Implement continuous monitoring Techniques using Data Analytics
Person Specific:
- Understanding of the nature and dynamics of the banking industry and the associated regulatory and policy requirements
- Ability to interpret laws and regulations
- Intellectual and analytical skills
- The flexibility to appreciate the commercial objectives of the business, coupled with an ability to challenge, independently and constructively, senior management, peers or other staff where appropriate, to insist upon adherence to the highest standards of business practice and to the requirements of relevant authorities.
- Ability to keep calm and provide steer during periods of high pressure / scrutiny
- Ability to deliver and meet objectives with minimal supervision
- Excellent prioritization skills and escalation management skills
- Ability to make quick informative decisions in a rapidly changing environment
- Risk management skills
- Experience of Bank operations
- Good interpersonal skills
- Customer service orientation
- Proficiency in MS Excel, PowerPoint plus working knowledge of MS packages essential
- Analytical skills
- Presentation skills
- Ability to communicate well both verbally and in writing
Education and Professional Skills Required
- Bachelor of Law Degree (Preferable)
- Professional Qualification(s) on Conduct risk and its sub-risks
- Analytical Skills
- Excellent command of Laws, Regulations touching on Banking/Financial Services/ Investment Services etc
- Excellent command of Regulatory Universe (Bank and Subsidiaries), Compliance Risk Management Planning,
Education
Higher Diplomas: Business, Commerce and Management Studies (Required)
Work Hours: 8
Experience in Months: 36
Level of Education: bachelor degree
Job application procedure
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