Compliance Clerk

Description

• The successful incumbent will be based at Corporate Office and report to the Manager: Governance, Risk & Compliance

Duties

• Transaction Review and Processing:
• Capture FIA on EFT and Cashbook
• Link new account numbers to EFT and Cashbook
• Link Auction numbers to account numbers and identify duplicates
• Allocate and create account numbers for new clients
• Sanction screening of clients when required in line with FIA
• Review and analyse transactions for potential suspicious activity, conducting preliminary investigations as necessary and make recommendations for further actions or escalation as appropriate
• Record Keeping:
• Ensure compliance with the Financial Intelligent Act by keeping record of all documents required for livestock clients
• Sorting and filing of all FIA forms received
• Verify FIA details for all payments to external parties
• Maintain accurate and up-to-date records related to compliance activities, including transaction reports, risk assessments, and training records, as mandated by FIA
• Policy and Procedure Maintenance: Assist the Manager GRC to update, and maintain comprehensive compliance policies, procedures, and guidelines that address the specific requirements of FIA
• Regularly review and revise these documents to reflect changes in legislation and best practices
• Risk Assessment:
• Assist the Manager: GRC to conduct regular risk assessments to identify potential areas of non-compliance and financial crime risks. Collaborate with relevant departments to mitigate identified risks and implement necessary controls
• Training and Awareness:
• Assist the manager GRC to design and deliver training programs to educate employees about the provisions of FIA, their responsibilities, and the importance of compliance in preventing financial crimes
• Monitoring and Reporting: Assist in the preparation and timely submission of reports to senior management and regulatory authorities as required
• Internal Collaboration:
• Work closely with various internal departments, such as Auctions, Properties, Loss Prevention and Investigations, and Operations, to ensure a coordinated approach to compliance efforts
• External Liaison:
• Serve as a point of contact for regulatory agencies, Internal and External auditors regarding compliance matters related to FIA
• Continuous Improvement:
• Stay updated on developments in financial crime, money laundering, and terrorism financing trends, as well as changes in legislation
• Recommend and implement improvements to the compliance program to enhance its effectiveness

Requisites

• Qualifications & Attributes:
• Namibian citizenship
• A Grade 12 Certificate
• A relevant Degree, Certification or Diploma in Law / Compliance Management / Risk Management / Finance will serve as a distinct
• Minimum of 6 months’ experience as a Compliance Officer/ Focus on regulatory compliance, anti-money laundering (AML) and countering the financing of terrorism (CFT) would be an advantage
• Knowledge of FIA and related regulations
• Computer skills on MS Office, accounting software and databases
• Ability to compile detailed reports
• Sound knowledge in relevant laws, rules and regulations
• High attention to detail and excellent analytical skills
• Sound independent judgement
• Effective communication and consultative skills
• Proficiency in English (written & spoken)
• Driver’s licence (Code B)

Notes

• Indicate the source of this job post: working.co.na
• Prospective candidates should send an application letter, CV and supporting documents
• Only suitably qualified candidates, who meet the minimum requirements, will be considered for shortlisting for this position
• Please take note that only shortlisted candidates will be contacted, no CV’s will be returned and shortlisted candidates might be required to undergo psychometric screening as part of the recruitment process
• Agra Ltd. is an equal opportunity employer and suitably qualified
• Namibian citizens from designated groups as defined in the Namibian
• Affirmative Action Act (1998), are encouraged to apply

How to Apply

1. Documentation

• Cover Letter
• Curriculum Vitae

2. Application

• Send your Documentation to humanresources@agra.com.na with the Subject line “Compliance Clerk”