Compliance Officer at Absa Bank Kenya – 2025

Compliance Officer at Absa Bank Kenya – 2025

Position: Compliance Officer
Location: Absa Headquarters, Kenya
Type of Job: Full-Time
Number of Vacancies: 1
Job Category: Compliance, Risk Management
Application Deadline: 20 March 2025
Country/Territory: Kenya

Introduction: Advance Your Career in Compliance with Absa Bank Kenya

Absa Bank Kenya is currently seeking a highly experienced and motivated individual for the role of Compliance Officer. This role will be instrumental in managing end-to-end compliance risks for Absa Bancassurance Intermediary Limited and Absa Asset Management Limited, both of which are subsidiaries of Absa Bank Kenya.

If you have a passion for regulatory compliance, risk management, and stakeholder engagement, this is your opportunity to work within one of Africa’s largest financial services groups, contributing to the growth and integrity of the financial sector.

About Absa Group

Absa Group Limited is a diversified financial services group listed on the Johannesburg Stock Exchange. With over a century of heritage, Absa provides integrated banking, corporate, investment, wealth management, and insurance solutions across the African continent and internationally.

Our commitment to empowering Africa’s tomorrow is reflected in our people-first approach, diversity, integrity, and focus on sustainable growth.

Key Responsibilities of the Compliance Officer Role

As the Compliance Officer, you will be responsible for providing compliance advisory support, regulatory reporting, stakeholder management, and implementing compliance policies for Absa’s subsidiaries.

1. Advisory Compliance Support (45%)

• Provide proactive compliance support and advisory services to Absa Bancassurance Intermediary Limited and Absa Asset Management Limited.
• Stay abreast of new regulatory developments and guide the businesses towards compliance.
• Offer day-to-day compliance guidance on business dealings and regulatory matters.
• Implement compliance policies, methodologies, and procedures to ensure adherence to regulations.
• Lead and deliver specific compliance-related projects and initiatives.
• Promote a strong compliance culture through awareness and training activities.
• Participate in the new product initiative process by reviewing proposals for regulatory compliance.
• Ensure business units address concerns raised by regulators and deliver on commitments.
• Follow up on compliance-related findings, audit recommendations, and action items.
• Provide business impact analysis for new regulatory requirements.

2. Regulatory Liaison (20%)

• Manage regulatory relationships effectively, including liaising with the Capital Markets Authority (CMA), Retirement Benefits Authority (RBA), and Insurance Regulatory Authority (IRA).
• Respond to regulatory requests and ensure timely closure of regulatory commitments.
• Maintain open communication channels with regulators to ensure alignment and compliance.

3. Stakeholder Management (15%)

• Collaborate with in-country Compliance Directors and internal stakeholders on compliance matters.
• Participate in meetings and forums to identify compliance risks and provide solutions.
• Communicate regulatory updates and concerns to internal business units.
• Assist business units in drafting presentations and correspondence for regulators.
• Conduct regular meetings with internal stakeholders to discuss compliance issues.

4. Compliance Reporting (20%)

• Prepare and submit accurate compliance reports to various governance forums.
• Provide timely reports to the in-country Compliance Director.
• Ensure compliance returns and regulatory reports (monthly, quarterly, yearly) are submitted as per schedule.

Qualifications and Skills Required

Educational Qualifications:

• Bachelor’s degree in Business, Commerce, Management, Law, or a related field.

Professional Experience:

• Minimum of 4 years’ experience in Compliance Management within the banking, financial services, or insurance sector.

Technical Competencies:

• Strong understanding of regulatory frameworks governing the financial services industry in Kenya.
• Familiarity with AML (Anti-Money Laundering) compliance, KYC (Know Your Customer) policies, and risk management frameworks.
• Proficiency in regulatory reporting, stakeholder engagement, and compliance advisory services.

Interpersonal Skills:

• Strong communication, negotiation, and interpersonal skills.
• Ability to manage relationships with regulators and internal stakeholders.
• Strong analytical, problem-solving, and organizational skills.
• High integrity, professionalism, and attention to detail.

Company Culture and Values at Absa Bank Kenya

At Absa Bank, we pride ourselves on creating a culture that values diversity, inclusion, innovation, and integrity. Our employees are empowered to grow, thrive, and make a meaningful impact while adhering to the highest ethical standards.

Our My Career Development Portal supports continuous learning, providing leading-edge tools and resources for professional development.

How to Apply for the Compliance Officer Role

Interested and qualified candidates are encouraged to apply by submitting their application via the official link provided below:

Apply for Compliance Officer at Absa Bank Kenya

Application Deadline: 20 March 2025

Kindly note that only shortlisted candidates will be contacted.

Additional Engagement

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Take the next step in your compliance career and join Absa Bank to make a difference today!