AML Compliance Officer

Description

• Supervise, monitor and enforce compliance with the provisions of the Financial Intelligence Act (FIA), the Prevention and Combating of Terrorist and Proliferation Activities Act (PACOTPAA), and subordinate instruments using a risk-based approach, and liaise with all relevant bodies and stakeholders in fulfilling AML duties in line with the Organisational Strategic Objectives
• DEPARTMENT: AML & INSPECTIONS
• DIVISION: AML & INSPECTIONS
• THE POSITION REPORTS TO THE MANAGER: AML & INSPECTIONS

Duties

• Ensure Namfisa’s compliance with FIA
• Assess FIA compliance by Accountable & Reporting Institutions
• Assess and manage risks of Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF) as well as aspects of noncompliance with the provisions of FIA, PACOTPAA and subordinate instruments
• Develop and implement innovative techniques to assess compliance by accountable and reporting institutions with FIA, PACOTPAA and subordinate instruments
• Provide guidance or training to Accountable & Reporting Institutions to enhance compliance
• Deploy remedial and enforcement actions to ensure compliance by Accountable & Reporting Institutions
• Interact with the FIC at the Bank of Namibia
• Keep abreast with AML related developments regionally and internationally
• Personal development

Requisites

• Qualifications & Experience:
• B degree qualification with special emphasis in the areas of auditing, law, business and/or finance i.e. project management, accounting and economics
• Three (3) years AML compliance experience
• Certificate in AML will be an advantage
• Knowledge of:
• The legislations supervised by NAMFISA and other relevant legislation
• International and national AML/CFT/CPF/CFT legislation, instruments, frameworks and systems.
• Detailed knowledge of the financial sector and industries supervised by NAMFISA
• Basic Companies Law
• Interpretation of statutes
• Basic public international law
• Policy development and analysis
• Compliance Management
• Skills:
• Research
• Financial analysis
• Legislative, regulatory and supervisory fluency
• Policy development
• Entity oversight
• Supervision of regulated entities
• Risk assessment planning
• Risk assessment execution
• Risk mitigation
• Report writing
• Data analysis and management
• Enforcement
• Assessments and inspections

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

• Send your Documentation to Human Resources at hr@namfisa.com.na with the Subject line “AML Compliance Officer”
• Indicate the source of this job post: working.co.na