Specialist Sanctions and PEP Enablement
Standard Bank
5d ago

Job Details

Compliance Risk Management

Job Purpose

To contribute to the development, maintenance and implementation of the Financial Sanctions (FS) and Politically Exposed Persons (PEP) Enablement Systems Framework, pertaining to all products and services offered anywhere in the Group, across all countries and jurisdictions.

Secondly to contribute to the implementation of said Framework. This to ensure that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage

Key Responsibilities / Accountabilities

Risk, Regulatory, Prudential & Compliance :

  • Keep abreast of and analyse relevant legislative and regulatory developments, taking into account all the different jurisdictions in which the Group operates, in order to inform the Functional Framework, report on the developments, to understand the implications for the organisation and to deliver expert advice to the Business Lines & Corporate Functions.
  • Leverage specialist knowledge to enable the development, maintenance and implementation of the relevant part of the Functional Framework in order to significantly contribute to the assurance that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage.
  • Participate in effective governance structures in order to meet the requirements imposed by governmental bodies, regulators, industry mandates or internal policies.
  • Contribute to the implementation and maintenance of a reporting system that ensures that efficient, high quality and consistent reporting is delivered as required to the relevant committees, forums and regulators
  • Strategy

  • Contribute to the development and maintenance of the FS and PEP Enablement Systems Framework - covering strategy, policies, processes, procedures, standards, guidelines, training, objectives, metrics and governance - to ensure consistency of implementation and the alignment to regulatory and legislative requirements.
  • Provide improvement inputs into the Framework to ensure that sufficient measures are in place to manage current and potential risks across the Group
  • Technology & Architecture

  • Contribute in the setting of the CoE's technology plan in the context of the Group Compliance Function's plan and Group IT plan.
  • Provide domain expertise to develop the relevant technological requirements. Adhere to and implement the relevant technology standards developed by the IT Function.

  • Provide input w.r.t. systems across all jurisdictions to ensure they are effectively applied and therefore are a reliable source of information.
  • Identify and define FS and PEP technology needs. Provide input to the Senior Manager, GAFC Sanctions and PEP Enablement on the digitisation of FS and PEP risk management enablement

  • Provide expert FS and PEP related advice and guidance to stakeholders (Trusted Adviser). Where necessary provide training to targeted business areas or internally.
  • Engage in the appropriate forums and workshops to convey relevant matters to wider audiences when required. Assist in designing of training and awareness initiatives pertaining to FS and PEP.

    Support the line manager with provision of guidance w.r.t. advanced analytics, algorithms and systems tuning in the realm of FS and PEP

  • Contribute to the definition and maintenance of the functional area's data model in adherence to the Group's data security standards.
  • Advise on the collection, capturing and maintenance of data to ensure the information is reliable and accurate and therefore will effectively guide critical business decisions and facilitate manoeuvring efficiencies.
  • Collect, collate and analyse data to identify risks and track performance of FS and PEP systems across the Group through the use of large data sets (big data) and the implementation of BI and predictive analytics

    Minimum Qualification and Experience

    Degree in IT / Information Systems

    3-4 Years relevant experience in Compliance with profound knowledge of the full dimensions of the field, but deep expertise in the relevant area of specialisation.

    Regulatory environment savvy, with the proven ability to influence all levels of employees across multiple countries and business areas to effectively implement compliance frameworks

    3-4 Years experience with IT systems / solutions for risk management. FS, TF and PEP data analytics, interpretation and operationalisation.

    Risk and control frameworks. Retail and Corporate Banking

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