Standard Bank Offshore is the offshore arm of the Standard Bank Group,  a leading Africa-focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services   offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our 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 and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, Mauritius and South Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

The job holder will report to  the Head of Compliance, Standard Bank Isle of Man Limited (“SBIOM” or "Bank") and requires someone with strong leadership skills to drive the development of all risk-based Compliance Monitoring Plans to ensure coverage of the key compliance risks.

The job holder will be expected to develop, maintain, and manage the implementation of the Compliance Monitoring Framework to provide independent assurance to the Head of Compliance, Bank Board Audit Committee, Bank Board & Regulators that the Bank conducts business in accordance with relevant regulations, applicable codes of conduct and perform quality monitoring reviews that proactively provide innovative, relevant and pragmatic solutions.

The job holder will interact with various stakeholders and be able to apply regulatory knowledge to enhance the awareness of regulatory obligations. They will manage a team to perform quality monitoring reviews that proactively provide innovative, relevant, and pragmatic solutions by being responsible for implementing, and maintaining the Compliance Monitoring Frameworks, participating in effective governance structures, escalating and reporting material and significant matters. 

This role is based in the Isle of Man.

QUALIFICATIONS & KEY SKILLS

Qualifications & Certifications

• Educated to a degree level, first degree Legal, Audit
• Post Graduate Degree – Audit, Legal

Technical Competencies

• The ability to assess governance and control frameworks against the appropriate risk appetite and enhance the risk management culture in line with the organisational objectives.
• The ability to interpret regulations and laws that apply to the business and to provide information to business on how to comply.
• Demonstrates knowledge and understanding of risk management methodologies, tools, governance structures and regulatory requirements for good management of risk.
• Insight into and understanding of the various laws and regulations regulating the financial services industry.
• The ability to comply with relevant legislation, regulatory and professional standards.
• Knowledge and understanding of the process and thinking required to formulate objectives and priorities and implement plans consistent with the long-term interests of the organisation in a global environment.

Experience

• 3 – 4 years' experience in Overall experience in the Corporate and Investment Banking sector with an understanding of the how the business and products are structured and operate

• 3 - 4 years' overall experience in the Personal and Business Banking sector with an understanding of the how the business and products are structures and operate
• 8 - 10 years' experience in compliance monitoring, auditing, or risk management within a financial services organisation or one of the big four auditing forms. Experience in leading a team of Risk and Compliance specialist and working with business unit Heads to deliver on risk mitigation

• Building and maintaining effective relationships with relevant stakeholders across the Bank.
• Driving the prioritisation of the Compliance Monitoring Plan (“CMP”) in a dedicated portfolio.
• Ensuring the monitoring reports, committee meeting submissions and the issues tracker is accurate and supported by evidence.
• Governing the implementation, monitoring, maintenance and updating of compliance monitoring frameworks to ensure that it is effective.
• Leading and driving the development of all risk-based CMP.
• Monitoring and controlling the compliance reports, the processes to ensure that data received from reviewees, the delivery of annual risk based CMP plan and the execution of reviews to ensure alignment with the Compliance Monitoring Methodology.  
• Providing expert advice and guidance to stakeholders and team members, to ensure alignment with the Bank and with applicable laws and regulations.
• Developing adequate remediation programmes that ensure adherence to regulatory requirements.
• Collaborating with data analytics to build models, automate, and simplify the monitoring and review processes, and conduct full population or big data testing.
• Reporting risks that have been identified through reviews to the business line heads, governance committees and forums, providing recommendations for adaptation and improvement.

Additional responsibilities:

• 1 - 3 direct reports and 11 – 50 indirect reports
• Managing the Compliance Monitoring Operational budget and cost controls