Jobs - Careers in Ghana Recruitment Consultancy |Accra

Head, Regulatory Affairs

JOB SUMMARY

Duties

To lead the Compliance Regulatory Affairs team and providing strategic direction and focus.
Serve as the subject matter expert for the Bank on all regulatory matters.
Responsible for the implementation and maintenance of bank’s legal and regulatory framework, to address all elements which fall under the scope. Including full responsibility for all the key activities of the unit including:
Management of local regulatory relationships;
Interpretation and embedment of regulations/directives and statutes;
Undertaking, monitoring and tracking regulatory commitments, projects, registrations, approvals and license renewals;
Creating awareness for regulatory requirements and assisting business to implement requirements; and
Managing and supervising regulatory audits/on-site visits

Accountability: Regulatory Compliance (60%)

Responsibility for regulatory engagements including:

Effectively managing local regulatory engagements and relationship(s);
Managing and supervising regulatory audits/on-site visits;
Monitoring and tracking of regulatory commitments, projects to ensure submission and completion prior to regulator’s deadlines;
Maintaining a log of all prescribed local regulatory commitments and follow –up with business areas to ensure compliance;

Responsibility for changes in regulatory environment including:

Maintaining an up to date regulatory universe and ensuring that RMPs are done for all key regulatory laws and directives;
Proactive identification of new /amended laws, regulations, directives that affects the Bank’s operations.
Liaising with the Legal team to ensure gap analysis on all new and amended laws, regulations, directives that affects the Bank’s operations are done in line with the NRR policy
Embedding changes as identified by the gap analysis into business processes.
Developing / updating Risk Management Plans for new legislations / directives

Responsibility for regulatory reporting including:

Maintenance of the Bank’s regulatory reporting schedule
Supporting the Compliance Director to keep the local management team and other Executives informed on regulatory and compliance matters which may pose financial or reputational risks for the business.
Providing Regulatory Compliance updates for ARO, Board and Management reports.

Accountability: Policies and procedures (15 %)

Ownership and full responsibility for compliance with and adherence to Group policies and standards that impact on regulatory matters including the Contact with Regulator policy and the New Regulatory Requirement policy.
Ensure that appropriate policies and procedures are in place and embedded to meet Group and local regulatory requirements.
Ensure the development, localisation and roll-out of Compliance policies and standards.

Accountability: Stakeholder management and People Management (10%)

People Management responsibility for the Regulatory Affairs Officer including set challenging and stretching objectives and ensuring effective performance management, development.
Act as a role model and drive proactive application of Absa Values throughout the team including establishment of common goals and objectives.
Support to make the team/office a fun place to work, support others to make a success of the team and function and encourages collaborative working.

Qualification

Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
8- 10 years work experience in similar banking industry.

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