At a Glance
- Tasks: Lead compliance risk management and ensure adherence to banking regulations.
- Company: Join Standard Bank, a leading financial services group with a global presence.
- Benefits: Competitive salary, career growth opportunities, and a chance to make a real impact.
- Other info: Only candidates with residency in the Isle of Man will be considered.
- Why this job: Be a key player in driving compliance and supporting Africa's growth.
- Qualifications: 8-10 years in compliance with strong banking knowledge and leadership skills.
The predicted salary is between 60000 - 80000 £ per year.
Full-time Business Segment: Corporate & Investment Banking
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 offer 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, MAUs and South Africa.
Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
PLEASE NOTE: This role is not open to relocation or sponsorship. Only candidates who have residency and right to work in the Isle of Man can be considered.
To lead the execution of Compliance Risk Management processes and activities within a Tier 3 Country to ensure that the area is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation and enable the competitive advantage of the organisation.
Experience Required:
- 3-4 years experience in Business Enablement Experience and a solid understanding of the relevant banking environment including the associated products and activities specific to area in which this role is responsible.
- 8-10 years experience. The role requires a seasoned expert in Compliance with a sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific business area as well as a solid understanding of banking products and activities.
To drive an effectively compliant function, an influential leader is required with a proven track record in leading a Functional team of Compliance resources.
Key Outputs:
- Analyse the operational activities within the SBSA IOM Branch to identify compliance risks and therefore ensure adherence to the relevant Standard Bank Group compliance frameworks and standards.
- Build and maintain effective relationships with the country regulators and stakeholders on all areas of responsibility.
- Develop, track and report on the progress of the compliance monitoring plans for the SBSA IOM Branch in order to identify significant compliance breaches, exposures and potential areas of improvement.
- Drive customisation and maintain generic risk management plans (RMPs) to ensure it is appropriate within the regulatory context of the specific country.
- Guide the adherence to the data model across the compliance team to ensure the collection, capturing and management of data adheres to the required data standards and policies.
Articulating Information, Challenging Ideas, Developing Strategies, Directing People, Evaluation of Internal Controls, Financial Industry Regulatory Framework, Legal Compliance, Process Governance.
Head, Compliance, The Standard Bank of South Africa Limited, Isle of Man Branch in Douglas employer: Standard Bank Group
The Standard Bank of South Africa Limited, Isle of Man Branch is an exceptional employer that offers a dynamic work environment within the Corporate & Investment Banking sector. With a strong focus on employee growth and development, you will have the opportunity to collaborate with talented professionals while contributing to meaningful projects that support the growth of Africa. Located in the Isle of Man, our office provides a unique blend of professional challenges and a supportive culture, making it an ideal place for those seeking a rewarding career in compliance.
StudySmarter Expert Advice🤫
We think this is how you could land Head, Compliance, The Standard Bank of South Africa Limited, Isle of Man Branch in Douglas
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Standard Bank Group looking for candidates who are engaged and informed.
We think you need these skills to ace Head, Compliance, The Standard Bank of South Africa Limited, Isle of Man Branch in Douglas
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Standard Bank Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Standard Bank Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Standard Bank Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
