Overview

Compliance Assurance Manager Jobs in Plaines Wilhems District, Mauritius at Absa Mauritius

Title: Compliance Assurance Manager

Company: Absa Mauritius

Location: Plaines Wilhems District, Mauritius

Job Summary

The role of the Compliance Assurance Manager is critical in ensuring that ABML effectively mitigates Compliance risk. The responsibilities encompass a broad range of activities to ensure regulatory compliance, safeguard the organization's reputation, and protect its assets. The Compliance Assurance Manager will support the Head of Monitoring, Testing and Training for

  • :ensuring that the Compliance risk within the bank is managed in accordance with Group policies and procedures and local regulatory requirements
  • .the project on ‘Statement of Complianc

e
Job Descripti

onMonitoring and Testi

  • ngDesign and oversee the execution of compliance monitoring and testing program to assess the effectiveness of internal controls, policies, and procedures across ABM
  • L.Conduct compliance conformance reviews of key risk areas including but not limited to Compliance risks, ensuring adherence to regulatory requirement
  • s.Systematically apply the pre-defined compliance methodology when conducting reviews which include but not limited to the followin
  • g:Understand and document processes on the Audit to
  • olIdentify, assess & document risks and controls within the processes on the Audit to
  • olEvaluate the design and operating effectiveness of contro
  • l.Perform testing to independently evaluate the adequacy and effectiveness of the controls in accordance with the applicable internal policies and local regulatory requirement
  • s.Draft a report detailing findings and corresponding agreed action plan in a concise and accurate way whilst ensuring that the allocated rating for each finding is in line with the Risk and Issue Classification Matri
  • x.Update the Audit tool with all relevant working papers and ensure sign off before final report is issu
  • edDevelop testing methodologies and reporting frameworks that align with industry standards and regulatory requirement
  • s.Conduct compliance self-assessment reviews as per the annual Compliance Assurance pl
  • anMake use of data analytics to provide greater assurance and generate valuable insigh
  • tsManage the monitoring activities for ensuring compliance with Group policies (owned by compliance) and local regulatory requiremen
  • tsProvide timely feedback to the Head of M&T on the progress of the review and on identified observations and findin
  • gsFollow up on the implementation of action plans within agreed time frames, in line with the methodolo
  • gyTrack to closure all findings raised during reviews and validate closure of findings as per the defined process and methodology and update the Audit tool according
  • lyProvide timely reports of compliance monitoring reviews for senior management, including monthly and quarterly MI and updates on follow-up actio
  • nsManage more than 1 review concurrently whilst ensuring planned target dates are m
  • etPerform adhoc compliance reviews on specific matters at the request of Head of M&
  • ;TSupervise the execution of compliance tests by the team and ensure quality control over test resul

ts
Risk Identification And Assessm

  • entIdentify and evaluate risks related to compliance in various business proces
  • sesConduct regular risk assessments to determine areas of vulnerability and recommend corrective acti
  • onsGuide the team in identifying compliance risks and create mitigation strateg
  • iesDevelop risk-based monitoring approaches to prioritize testing efforts in high-risk ar

eas
Reporting And Documenta

  • tionPrepare and deliver detailed reports summarizing the results of compliance testing and monitoring activi
  • tiesHighlight findings, provide risk assessments, and recommend corrective or preventive actions to manage
  • mentEnsure accurate documentation of compliance tests, assessments, and outcomes for internal records and audit purp
  • osesReview reports produced by the team to ensure clarity, completeness, and actionable insi

ghts
Regulatory Knowledge And Compliance Up

  • datesStay informed about regulatory changes and industry trends to ensure the organization’s compliance framework remains up to
  • dateBased on outcome from reviews conducted, provide insights for new compliance policies and procedures to meet regulatory and business
  • needsUpon completion of assurance reviews, create awareness to departments on regulatory requirements and best pract
  • ices.Ensure the team is up to date on regulatory changes and industry best practices through ongoing training and professional develop

ment.
Training And Awa

  • renessDesign and deliver training to raise awareness about Compliance Assurance methodology among
  • staffCreate a culture of compliance within the organization, emphasizing ethical behavior and the importance of regulatory adh

erence
Continuous Impr

  • ovementRecommend and implement continuous improvements to compliance testing methodologies and str
  • ategiesAssess the efficiency of existing compliance processes and suggest improvements for better perf
  • ormanceFoster a culture of innovation within the team to identify process improvements and enhance compliance assurance act

ivities
Statement Of Co

  • mplianceProvide support to the Head of M&T to lead the team working on the ‘Statement of Compliance’

project
Team Leadership And M

  • anagementLead, mentor, and develop a team of compliance professionals, ensuring they are well-trained, motivated, and aligned with the organization’s compliance o
  • bjectivesAssign tasks and monitor the progress of compliance testing activities, ensuring deadlines are met and quality standards are m
  • aintainedProvide regular feedback and performance reviews for team members, identifying opportunities for professional growth and skill en
  • hancementFacilitate knowledge sharing within the team and foster a collaborative working en
  • vironmentEnsure team adherence to best practices and compliance standards, offering guidance on compl
  • ex issuesEnsure the team is up to date on the latest regulatory changes and industry practices through ongoing professional de

velopment
Stakeholder Communication A

  • nd SupportCollaborate with various departments (e.g., legal, internal audit, operations) to address compliance issues and implement effectiv
  • e controlsServe as the primary point of contact for escalated compliance issues within the team and assist in resolving complex complianc
  • e concernsProvide training and support to staff across the organization regarding compliance
  • assuranceLiaise with regulatory bodies during audits or ex
  • aminationsAssist any ARO colleagues with any query on Compliance Assurance methodology and/or on the

Audit tool
Role/Person Spe

  • cificationsACCA Qualified / A bachelor’s degree in finance or any related qua
  • lificationsA minimum of five years in Internal Audit/or Compliance Function/ preferably with experience in the finan
  • cial sectorExcellent knowledge of an assurance
  • methodologyDegree with minimum 5 years relevance experience or equivalent of 8 years bank related

experience
Technical Competencies Including Knowledg

  • e And SkillsPlanning and Organising: Establish clear objectives and priorities in line with Complia
  • nce strategyAbility to work on different reviews concurrently and work under pressure whilst meeting a
  • ll deadlinesIntellectual and analytical skills: Analyse and integrate information and use appropriate knowledge, procedures and techniques to so
  • lve problemsPresenting and disseminating information: Accurately and concisely express opinions/information and display confidence in facilitating p
  • resentationsReport writing skills: Ability to write report in a concise and fa
  • ctual mannerCommunication skills: Ability to communicate effectively, orally and in writing, with senior internal and external audiences – to educate, persuade, negotiate and tak
  • e decisions.Ability to use initiative and work with minimum supervision but ensuring, at the same time, that the line reports are kept fully informed
  • at all timesThe strength of character, credibility and personal presence to operate confidently and effectively at senior levels both internally an
  • d externallyAbility to be flexible coupled with an ability to challenge, independently and constructively senior management, peers or other staff where
  • appropriate,Ability to consider issues from a range of angles and propose creative solutions that assist the business in achieving its goals in a safe, compliant and contr
  • olled mannerLead by example and create a positive w
  • ork attitudeGood knowledge of MS Office, IT conversant and ability for technology integration such as Artificial Intel

ligence (AI)
Behavioural

  • CompetenciesPersonal & Interpersonal Skills: Including Communication and Influence and
  • CollaborationStrong problem solving and anal
  • ytical skillsGood eye for details and qua
  • lity orientedExcellent Planning, Organizing and Time mana
  • gement skillsAction and Resul
  • t orienta
  • tionResilie
  • ntTeam playerStrong Interpersonal and influ
  • encing skillsAbility to work under pressure and without clos
  • e supervisionPote
  • ntial to LeadSe
  • lf confidenceAbility to make decisions in high pressur
  • e environmentAdapting and respond

ing to change

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