Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals.
Standard Bank Africa’s largest bank by assets and one of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) have renewed their strategic cooperation partnership for another five years. The partner institutions continue to lead the Africa-China trade and investment markets, jointly providing unequalled expertise and capabilities to individuals and businesses trading between Africa and China.
Standard Bank Wealth and Investment was the recipient of two awards in this year’s Professional Wealth Management (PWM) Global Private Bank Awards.
Join a committed group of 50 000+ people who stand behind one common purpose: Africa is our home, we drive her growth. Standard Bank firmly believes that our people are their greatest competitive advantage. “It’s only through our people’s expertise and dedication that we are able to bring our purpose and strategy to life in service of our clients and society at large”.
Purpose and strategy
Standard Bank belief in Africa is rooted in the vast possibilities and opportunities it presents. Standard Bank navigates these opportunities with integrated thinking, aligning our purpose and strategic approach to emerging trends, ensuring that the execution of our strategy creates enduring value.
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The bank’s origins can be traced to 1862, when a group of businessmen led by the prominent South African Politician John Paterson who formed a bank in London initially under the name Standard Bank of British South Africa.
Stanbic Bank clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
In 1992 the bank acquired the operations of ANZ Grindlays Bank in eight African countries. Most of the newly acquired banks were renamed Stanbic Bank, to avoid confusion with the former parent (and now competitor), Standard Chartered, which continued to operate in Africa.
Several more banks in Africa were acquired during the 1990s, and adopted the Stanbic name. Standard Bank now trades under the name Stanbic Bank in Botswana, DRC, Ghana, Kenya, Malawi, Nigeria, South Sudan, Tanzania, Uganda, Zambia and Zimbabwe.
In 1969 the Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank. During the 1970s and 1980s Standard Chartered gradually reduced its shareholding, and sold its remaining 39% stake in Standard Bank Group in 1987, transferring complete ownership of the holding company to South African investors and in particular Liberty Life.
Job Description
To execute Compliance Risk Management processes and activities within a specific Client Segment or Functional area, to ensure that the area is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enable the competitive advantage of the organisation.
Qualifications
Minimum Qualifications
Degree in either: Audit, Legal or Business Commerce
Experience Required
The role requires a Compliance professional with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific Client Segment / business area / Functional area as well as a solid understanding of banking products and activities.
Additional Information
Outputs:
- Analyse the operational activities within a dedicated Client Segment, Functional Area or country to identify compliance risks and ensure adherence to the relevant Standard Bank Group compliance frameworks and standards.
- Fulfil the required regulatory role (where dedicated Compliance officers are required as per requirements) as prescribed by the relevant governing bodies within a dedicated jurisdiction or country.
- Keep abreast of and analyse regulatory and legislative developments, applicable across the Client Segment, Functional Area or Country in order to deliver expert advice to relevant stakeholders.
- Provide guidance and advice to stakeholders regarding the regulatory universe, relevant compliance frameworks underpinning their operations and any other regulatory developments, to ensure that the area can comfortably manage compliance risks and conduct business in a compliant manner.
- Review compliance frameworks, standards and procedures in the context of a dedicated Client Segment, Functional Area or country and advise on their customisation or amendment, where necessary.
Technical Competencies:
- Evaluation of Internal Controls
- Financial Acumen
- Financial Industry Regulatory Framework
- Legal Compliance
- Process Governance
- Risk Awareness
