Vacancy

AML Compliance Officer

NAMFISA

NAMFISA is recruiting an AML Compliance Officer, to be based in Windhoek, Namibia.
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

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