Financial Analyst: Legal & Licensing Services

Description

• The purpose of this job is to review newly assessed applications for registration, including AML/FAP assessments, de-registration, name change/name reservation/transfer of shareholding, registration of PO’s, auditors and valuators, certification of good standing, review of constitutional documents and to do an assessment of all applications
• DIVISION: LEGAL & LICENSING SERVICES
• THE POSITION REPORTS TO THE SENIOR FINANCIAL ANALYST

Duties

• Provide information and documentation regarding the Procedures and Requirements to register financial institutions to prospective applicants
• Assess new applications for registration and make recommendations to Senior Financial Analyst for review
• Prepare assessment report, internal memorandum, approval letter, and make recommendations for approval/rejection
• Report on assessed requests for voluntary and NAMIFISA-initiated de-registrations
• Review representations made by registered entity and make relevant recommendations to Senior Financial Analyst
• Assess correctness and completeness of applications, draft rejection/approval letters and make relevant recommendations to Senior Financial Analyst
• Provide recommendations to accountable and reporting institutions regarding completion of FAP questionnaires of new applicants, and for replacement of Key Responsible Persons of existing entities
• Provide recommendations to accountable and reporting institutions regarding the completion of AML Compliance programs for new applicants
• Assess FAP questionnaires submitted for new applicants and Key Responsible Persons of existing entities, and make recommendations to the Senior Financial Analyst
• Assist with the research on challenges/issues faced by industry players or by the division, and make recommendations for policy review that may lead to amendments to legislation
• Participate in the drafting process of amendments to legislation where required
• Assist with the drafting of departmental procedures, Directives, Circulars, Regulations and Standards when required
• Attend to walk-in-clients, telephonic enquiries and e-mail enquiries where required
• Participate in meetings as requested by regulated entities
• Participate in Consumer Education interventions
• Ensure that industry related information and documentation are prepared in a timely manner
• Ensure that permanent and electronic files, working papers and other records of registered entities are kept up to date

Requisites

• Qualifications & Experience:
• Bachelor’s degree in Business Administration / Accounting / Economics / Finance
• Two (2) years’ administration and regulatory experience
• Knowledge of:
• Knowledge and understanding of NAMFISA’s vision, mission and objectives
• Knowledge of relevant legislation
• Up-to-date with industry trends and legislative environment
• Understanding and interpretation of laws
• Business knowledge and understanding of Insurance, Pensions,
• Medical Aid Funds, Microlending and Capital Markets Institutions’
• Registration Requirements
• AML Fit and Proper Assessments
• Financial reports analysis and interpretation
• Administrative procedures
• Risk Management
• Skills:
• Regulatory skills
• Report writing skills
• Analytical skills
• Problem solving skills
• Computer Literacy (MS Office);
• Good verbal and written communication
• Good interpersonal 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

• Send your Documentation to Human Resources at hr@namfisa.com.na with the Subject line “Financial Analyst: Legal & Licensing Services”
• Indicate the source of this job post: working.co.na