Business Assurance Manager, Business Control Unit

Job Description

To ensure that The Standard Bank of South Africa Limited, Isle of Man Branch ('SBSA IOM Branch') operates within all regulations through stringent monitoring and control processes thereby delivering a robust first line of defense. To manage and control risk exposure arising, principally from Operational and Anti-Money Laundering risks in line with procedures and processes that exist to minimise the risk to the bank.

Minimum Qualification:

• Diploma in Risk Management (Required)
• First Degree in Corporate Governance and Risk Management (Preferred)

• 5 - 7 years experience in Offshore
• An appropriate diploma in compliance, governance and risk related fields. A thorough understanding of Financial Services regulations and associated risks as well as experience in developing and implementing plans for the mitigation thereof.

• Act as a point of escalation for more complex matters, raised by junior employees, to ensure that issues are managed and resolved efficiently and effectively.
• Complete the Risk and Control Self-Assessment for SBSA IOM Branch processes. This includes control checks, Key Risk Indicators and ad-hoc reviews in order to ensure adequate risk management and mitigation.
• Deliver timely advice to the team on compliance and regulatory issues, liaise with Compliance, Operational Risk and Senior management with regards to these issues to ensure compliance to regulatory and organisational frameworks, in order to enable the business to be commercially successful whilst legally and statutorily sound.
• Facilitate and oversee operational assurance test plans which cover key business.
• Identify areas for improvement through analysis of incidents, breaches, complaints, Audit and Compliance review finding to ensure that SBSA IOM Branch has appropriate and effective methodologies, processes and tools to manage risk exposure and facilitate compliance.

• Challenging Ideas
• Developing Strategies
• Documenting Facts
• Establishing Rapport
• Exploring Possibilities

• Banking Process & Procedures
• Client Servicing
• Fraud Detection and Management
• Query Resolution
• Risk Awareness