Standard Bank: Group Compliance Risk Management programme

Posted on :

13 Sep, 2010

Category :

Banking Jobs in South Africa

Our Group Compliance function is an independent part of our Risk Management division. We support senior managers and business areas by ensuring that we follow effective compliance risk management practices.

Ours is a key role, because we ensure that the bank complies with all statutory, supervisory and regulatory requirements, so that we don’t suffer regulatory sanctions and put the bank’s reputation at risk. This is particularly important in the current economic climate, when corporate governance and compliance failures in the global financial services industry have gained a lot of media attention, which has led to a loss of confidence in the free market system.

During the course of this intensive 18-month programme, you’ll learn about the different disciplines involved in compliance risk management through both academic learning and practical experience. This will include a number of rotations in Group Compliance and Group Internal Audit, Personal and Business Banking, and Corporate and Investment Banking, where you’ll be exposed to the different portfolios and aspects of compliance risk in our businesses.

You’ll tackle ad hoc assignments in different business areas, which may involve gaining experience in our African or international business. As well as taking a variety of in-house courses designed to develop your compliance risk management skills, you’ll also be expected to attend the Certificate in Compliance Risk Management course at the University of Johannesburg.

By the end of the programme, you’ll have extensive knowledge and skills in compliance risk management, gained in a number of business areas, and will be a competent Compliance Officer. And the skills you’ve developed will prepare you for a successful and enjoyable career in a number of divisions across the bank’s operations.

What you’ll need

You’ll need a three year qualification from a recognised South African university, such as a B.Com, LLB, B.Proc or B.Compt, ideally with risk management as a major or third year subject. Alternatively, you could have experience gained in the banking industry. Either way, you will need to be a South African citizen who’s a confident communicator with good numerical skills. An analytical approach is essential, together with the ability to adapt to different challenges and the confidence to recommend solutions in a pressurised environment. With an eye for detail, you’ll also need the ability to tackle a number of tasks at the same time, either working in a team or on your own initiative.

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