Absa – Legal and Compliance

To apply, click on the link at the end of the posts and all the best with your applications.

Manager: Governance & Secretarial

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryAs a centre of excellence for corporate governance and secretarial practice, apply sound governance practices to the Relationship Banking (“RB”) Cluster Committees and other committee as required and agreed. Provide advice and guidance to other RB Business Unit committees on best practice on their BU specific governance committees.

Job Description

• Provide effective administration (end-to-end) for meetings at Senior Executive level committees, with the emphasis on providing minutes of highest standards in respect of complex meetings – ensuring these are accurate, professional and well-written. 
• Assist with the implementation and the embedment of the RB Governance Framework. 
• Organize, administer and ensure the smooth running of meetings, drafting of agendas, accurate minute taking and recordings. Coordinate / provide input and support in the preparation and distribution of meeting packs, and annual meeting schedules. 
• Ensure that all logistical arrangements have been made in relation to venues, parking, and access to buildings, stationery, refreshments, presentations, projectors and so forth by liaising with the secretaries in the venues where the meetings are going to be held.  
• Conduct governance effectiveness assessments to ensure an effective cluster committee structure is in place including clarity over decision-making, execution and escalations. 
• Record all the critical documents such as minutes, annual reports, and resolution and CM forms in the correct format terms of reference as per the relevant legal and regulatory requirements and the Absa Record Management Policy.  
• Ensure that records are kept in secure folders and that records are constantly kept up to date.  Record all the critical documents such as minutes, annual reports, resolutions and forms in the correct format as per the Companies Act and the Absa Record Management Policy. 
• Compile and monitor the implementation of Action items from the BU Exco level Committees.  Ensure that actions are dealt with and closed. 
• Make use of governance tools adopted in RB.  Develop expert knowledge on use of the tools to guide users of the systems. 
• Act as the primary point of contact for RB ExCo members and / or RB colleagues as and when queries arise. 
• Strategy Development: Assist with developing a strategy for the Governance and Control Management function to achieve the strategic objectives set by the business leadership aligned to the overall business strategy of Group. 

EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Legal Counsel

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job SummaryTo plan, manage and monitor the implementation of legal activities and processes in order to deliver on approved operational plans in an effective and efficient manner.

Job Description

Leadership & Management: Understands and articulate the strategy/goals for the team and broader department | Leadership and Management: Works effectively within time, resource and budget constraints | Commercial: Good understanding of relevant products and services across AGL and assist in structuring, negotiating and drafting legal agreements and documentation | Commercial: Provide tailored, commercial advice as well as recommendations on legality, the lawfulness and enforceability of agreements and documents | Risk and Control: Exercise sound risk judgement based on practice / previous experience and ensures, regulatory & statutory compliance. | Risk and Control: Have a broad understanding of key risks in other areas and partners with others to manage them | Team work: Build strong relationships, especially with other colleagues in Legal and help to develop working structures and best practice guides for use within business | Technical: Demonstrate a thorough understanding of own coverage areas and consider, comment, negotiate and give advice on documents/ agreements for the business

EducationBachelor Honours Degree: Law, Military Science and Security (Required)

Assistant Manager Legal – FAK

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job SummaryResponsible for offering legal counsel, coordinate operations of external advocates, negotiations to ensure settlement of third-party claims, and recovery on behalf of the company. To work closely with other members of the organization to provide general legal guidance and advice to the organization.

Job Description

Litigation Management.

• Receiving summons and determining whether liability attaches to the Company and distributing the same to our panel of external advocates.
• Appointment of service providers to handle company matters as per policy and maintenance of a register for such appointments.
• Reviewing legal claims lodged against our insured’s and engaging third parties in out-of-court negotiations.
• Always ensuring that adequate reserves are maintained.
• Reviewing correspondence and opinions from external lawyers and respond appropriately.
• Engage in pre-trial briefings & in conjunction with external lawyers prepare witnesses for court attendance.
• Reviewing judgments and recommending settlement or appeals.
• Periodically review legal files to ensure accurate reserves are maintained and to ensure the files are up to date.
• Handling the Company’s recoveries from third parties and other insurance companies by instituting suits or out of Court negotiations and follow up thereof.
• Ensuring payments are raised in good time, authorized and forwarded to the Finance Department. Follow up on judgment payments to avoid executions.
• Distributing the work coming in and ensuring that all mails are actioned.
• Approving all discharge vouchers and judgments as per the approval limits
• Reviewing the external advocates fees to ensure that the fee notes are raised as per remuneration order.
• Attending court hearing on behalf of the organization as and when required.
• Ensure Status Reports from service providers are received as per the guidelines.
• Prepare monthly reports and any other report that may be requested.

Policy development and advisory

• Review internal policies, procedures, and other documentation to make sure they are compliant with statutory and regulatory requirements.
• Help management with the interpretation and application of laws and regulations.
• Conduct proactive research on any pertinent legal issues and provide strategic legal guidance on the same.
• Monitor and communicate relevant changes in regulatory, corporate, and other applicable laws which may impact the business.

Regulatory compliance 

• Support management in the proactive identification and mitigation of legal, regulatory, and business risks.
• Liaise with relevant departments to ensure that where legal risks have been identified, appropriate courses of action are taken.
• Monitor and communicate relevant changes in regulatory, corporate, and other applicable laws which may impact the business.
• Provide support on the operational areas with day-to-day regulatory insurance compliance issues.
• Provide required support in the preparation of the department’s monthly and quarterly reports for executive management meetings and Board meetings.
• Timely response to IRA matters and attend meetings as and when required.

Operations

• Providing continuous leadership, supervision, training, and development of the legal department staff to ensure an effective and motivated team.  
• Ensure maintenance of documentation and legal databases.
• Ensure biannual review of all outstanding liability claims.

Education and Experience Required:

• Bachelor of Laws degree (LLB) from a recognized institution.
• Must be an Advocate of the High Court of Kenya with a valid and current practicing certificate and in good standing.
• At least 5 years’ experience legal practice in Insurance/financial institution with experience in Commercial Law, Litigation and Conveyance
• An eye for detail, strong organisational skills and able to take responsibility for own workload.
• Demonstrated integrity and professional competence as reflected in work performance and results.
• Excellent written and spoken communication skills;
• Strong team leadership skills.
• Must be a team player.

EducationBachelor`s Degrees and Advanced Diplomas: Law, Military Science and Security (Required)

Senior Regulatory Relations and Compliance Specialist

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryJob Purpose

This role reports to the Head of Regulatory Relations within the Absa Financial Services (AFS) Insurance Group.

The role is responsible for compliance advisory and support

The role is further responsible for regulatory and compliance developments and relations for AFS Insurance Group to support the Group’s understanding and adherence to relevant financial sector regulations, laws, and industry guidelines.

Job Description

Job Description Stakeholder Management

The role requires close interaction with senior managers within business, such as Business Unit Compliance Officers (BUCOs), EXCO members and Group Secretariat.

Compliance Advisory and Support

Provision of proactive, real-time guidance and advice on the compliance aspects of transactions and other wider organisational decisions.

Assisting the insurance cluster to formulate, update and implement control procedures and policies that will ensure adequate risk management to enable business; adequately monitoring instances of non-compliance with the company’s policies and procedures and generally establishing a compliance culture and creating an awareness of compliance through interaction with business in industry-related initiatives and establish networks with key role players.

Regulatory Relations and Regulatory Horizon Scanning and Advice

Support the AFS Head of Regulatory Relations through the development of and execution of the regulatory relations programme

Conduct horizon scanning to identify and interpret emerging regulatory requirements.

Evaluate the impact of regulatory changes and support the implementation of necessary updates.

Manage the cluster regulatory universe

Comment on draft regulatory requirements and co-ordinate submissions on proposed regulatory requirements for submission to Absa Group, relevant industry bodies and/or regulatory authorities

Keep Business appraised of regulatory developments and notifications distributed by the regulator impacting the business.

Identify, monitor and escalate to the Head Regulatory Relations on any or potential material risk to business with a regulatory impact.

Support the preparation of regulatory communications, notifications and applications

Forum Participation and Reporting

Actively engage in internal compliance forums and committees, including Group Compliance Committees

Ensure the provision of relevant and accurate information for inclusion in various stakeholder reports, such internal and board committees

Take responsibility for analyzing data and reporting on regulatory relations metrics, as well as overseeing the management of regulatory commitments.

Contribute to the drafting of the regulatory newsletter and/or articles on matters pertaining to local and international regulatory developments

Board Training

Provide support in the development and execution of the Board compliance training programme

Professional / Technical Experience:

Minimum of 5 years proven experience within financial services

Intricate knowledge of financial services prudential and market conduct regulatory frameworks

Advanced level of knowledge of financial sector laws with a focus on Insurance Act and Prudential Standards, FAIS Act, STIA, LTIA, PPRs, etc.)

Previous regulatory relationship management

Experience in compliance advisory that balances the compliance requirements with commercial objectives Collaborating with business colleagues to solution, turning regulatory compliance into an advantage

Experience in developing compliance related policies, risk management plans, assessing and qualifying risks, implementing procedures and controls to mitigate risks, training, monitoring and review.

Excellent Microsoft Office knowledge

Minimum Qualifications

BCom (or similar)/LLB (or similar) or relevant insurance related qualifications

Certificate or Diploma in Compliance Management (advantageous)

Attributes

Ability to work as part of a team

Ability to take initiative and think strategically

Strong organisational and interpersonal skills

Attentive to detail

A sense of urgency and an ability to meet deadlines

Ability to manage multiple tasks effectively and efficiently

Proficient engagement abilities

Assertive, with an ability to manage conflict – clearly understanding and articulating the regulatory, governance and control requirements

Sound understanding of Business’s vision, values, mission and strategy.

Express and implied ethical responsibilities.

Challenge conventional thinking.

EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Click here to apply

All the best with your applications.