NAMFISA is recruiting an Economist, to be based in Windhoek, Namibia.
Description
- The purpose of the position is to assist the Manager: Financial Stability in monitoring, analysis and researching issues related to overall risk based rating in respect of systemic risk and risk assessment of regulated entities
- Further, it involves the formulation and guidance in monitoring industry developments on non-banking financial sector
- DIVISION: RESEARCH, POLICY & STATISTICS
- THE POSITION REPORTS TO THE MANAGER: FINANCIAL STABILITY
Duties
- Participate in collecting, collating and analyzing data and research information to monitor and assess emerging trends in the financial sector that NAMFISA regulates and supervise
- Ensure that such data is received on time and is correct for publication i.e., involves checking, editing, processing and compiling
- Participate in the assessment of laws for weaknesses or gaps by identifying all relevant or applicable laws and summarizing the pertinent provisions
- Assist and participate in the review and drafting of policy, prudential standards and regulations under the proposed FIM Bill.
- Assist in terms of analytical tools focused on developing statistical and stress-testing models, inclusive of data requirements
- Regularly contribute to the preparation of the CISNA report, IOPS and OECD submissions by collecting, collating and analyzing nonbanking financial sector
- Assist and participate in the preparation of position papers on regulatory and supervisory policy issues in order to keep the Authority informed of these developments
- Participate in conducting research on topics relevant to the regulatory and supervisory mandate of NAMFISA in order to enhance the risk-based supervisory framework
- Participate in monitoring and analyzing trends and developments in the financial markets at national and global level with a view to identifying key risks and vulnerabilities in the financial system, in particular the Non-bank financial sector
- Assist in the preparation and drafting of speeches and presentations related to risk in the regulated entities
- Provide information/input into enquiries or requests related to the non-banking financial sector and other relevant matters
- Assist and participate in formulating legislative amendments, including participation in drafting and reviewing prudential standards and regulations
Requisites
- Qualifications and Experience:
- A Bachelor’s degree in a relevant subject (Economics, Finance, Statistics, Econometric modelling, Risk management, Quantitative/Mathematical modelling
- AND
- A minimum of 5 years’ experience within the financial sector
OR
- Significant exposure to at least one or more of the following industries: Pension Funds, Long and Short-Term Insurance, Medical Aid Funds, Investment management or micro-lending
- Knowledge of:
- NAMFISA’s mission, objectives, functions, processes and systems
- Knowledge of relevant legislation
- Industry business knowledge and understanding
- Up to date with industry trends and legislative environment
- Understanding and interpretation of laws
- Risk assessment knowledge and understanding
- Economic environment
- Analytical tools and methods
- Policy design, implementation and monitoring
- International developments in financial services regulation including Basell III and Solvency II
- Skills:
- Good verbal and written communication skills
- Computer literacy skills (MS Office)
- Regulatory skills
- Interpersonal skills
- Decision-making skills
- Interviewing skills
- Problem solving skills
- Planning skills
- Networking skills
- Report-writing skills
- Research and Analytical skills
- Presentation skills
Notes
- Only shortlisted applicants will be contacted
- Remuneration: NAMFISA offers a market-related total cost to company package based on work experience and qualifications
- The package includes retirement and medical aid benefits
- ONLY persons with disabilities may apply via the National Disability as follows: Ms. M. Katjinamunene – magdelena.katjinamunene@mgepesw.gov.na OR Ms. M. Ndengu – maria.ndengu@mgepesw.gov.na
- As per Affirmative Action (Employment) Act, Act 29 of 1998, Namibian Citizens from disadvantaged groups and persons living with disabilities will receive preferential treatment and are encouraged to apply
- Please note that certified copies of qualifications and identification documents should be attached to your application
- No faxed applications will be accepted
- NAMFISA reserves the right not to make an appointment in this position
- We encourage energetic, dynamic and results-driven team players to forward their applications
How to Apply
1. Documentation
- Cover Letter
- Curriculum Vitae
- Certified Copies of Qualifications
- Certified Copies of Identification Documents
2. Application