Compliance Advisory and Data Privacy Officer job at Absa Bank

Compliance Advisory and Data Privacy Officer job at Absa Bank

Job Summary
To support the Head of Regulatory Affairs and Head of Compliance by ensuring relevant and timely advice to support business comply with regulatory requirements and ensure Compliance by Absa Bank Uganda with the Data Protection and Privacy Act, 2019 and it regulations.

Job Description
Compliance Advisory 60%
• Ability to translate compliance requirements from legislation into business processes/procedures
• Advise business on compliance issues and providing of compliance opinions

• Advise business on any changes in set standards/ local requirements (throughout the year)
• Identify business impact for new regulatory requirements and escalate upwards as necessary

• Provide clear, accurate and timely responses to requests from management for input on new initiatives and projects thereby providing a superior service which protects and enhance reputation of compliance function

• Participate in the new product initiative process by reviewing new product proposals for compliance against local regulatory requirements and providing the Head of Regulatory Affairs/Head of Compliance with a report on these requirements.

• Participate in business unit risk and compliance forums and ensure that participants in these forums are adequately informed on regulatory compliance requirements
• Support the identification and regular maintenance of the total universe of regulatory aspects applicable to the business unit
• Support the maintenance of updated Compliance Risk Management Plans for all core and high risk regulatory requirements, indicating all relevant details pertaining to provisions, controls, etc.

• Support the Head of Regulatory Affairs to plan, coordinate, facilitate and monitor interaction with local regulators
• Ensure that business addresses concerns raised by the Regulator /delivers on commitments made to the Regulator

• Support the maintenance of updated database of regulatory commitments, regulatory contacts relevant to the business unit, business licenses and their update dates and the attestation calendars
• Enhance and promote a compliance culture through awareness activities
• Create and build a compliance presence in the business
• Act as point of contact between business and Compliance department.
• Where relevant, compile compliance officers’ reports for submission to the Regulators (jurisdiction irrespective).
• Compile any other reports as may be required over and above the standard reports above (e.g. reports on request from stakeholders with regards to allocated policies).

Data Privacy 40%
• Support the implementation of and ensuring compliance to the Data Protection and Privacy Act 2019 and its regulations
• Promote the protection and observance of the right to the privacy of a person and personal data.
• Monitor, investigate and report on the observance of the right to privacy and of personal data.
• Implementation of programs intended to raise public awareness about the Data Protection and Privacy Act 2019;
• Receive and investigate complaints relating to infringement of the rights of the data subject under this Data Protection and Privacy Act 2019;
• Establish and maintain a data protection and privacy register.
• Drives compliance with the policy and standards through the Data Privacy organisational structure
• Develop and implement key privacy-specific processes such as the Subject Access Request process
• Manage the information-related to incident management process, which includes privacy incidents
• Provide SME guidance to 1st line in respect of policy requirements
• Co-ordinate Absa Uganda-wide initiatives with Business Units Privacy Officers/Champions to ensure consistency and efficiency.

Education and experience required
• B-degree in Law, Finance or Accounting
• 3 years’ technical experience in compliance, Legal or general bank operations preferably with a professional qualification
• Certificate in Compliance Management is an added advantage
• Knowledge and skills: (Maximum of 6)
• Wide-ranging compliance experience in a financial services environment.
• Good understanding of current and anticipated Uganda and regional (relevant to country) regulatory requirements and supervisory expectations.
• Experience in policy review and roll out.

Competencies: (Maximum of 8 competencies)
• Delivering results and meeting expectations
• Persuading and influencing
• Creating and innovating
• Deciding and initiating action
• Leading and Supervising

Education
• Higher Diplomas: Business, Commerce and Management Studies (Required)

Job application procedure

Interested and qualified, Click here to apply.

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