Principal Payment Analyst

Description

• PRINCIPAL ANALYST- NPS & VIRTUAL ASSETS (LICENSING AND REGULATIONS): NATIONAL PAYMENT SYSTEM AND EXCHANGE CONTROL (P3)

Duties

• Conduct legal research and draft submissions proposing new developments to the payment systems and virtual asset legal framework in response to the evolution of the National Payment System and virtual asset landscape on an annual basis
• This extends to drafting the desired legal framework and presenting same to the Bank as and when required
• Provide technical advice on the application and interpretation of the provisions of payment systems and virtual asset legislations to internal and external stakeholders in the form of written or verbal legal assessments and opinions for the Bank as and when required
• Make recommendations to the Bank (Department Management) regarding the outcomes of all applications assessments for payment service providers, system operators, system participants, VAs, Token Issuers, VASPs and statutory approvals and exemptions in terms of the Payment Systems Management Act, and Virtual Asset Act, as well as Exchange Control Regulations as and when such applications are lodged
• Act as a catalyst to facilitate the reform of payment systems and virtual assets in Namibia through participation at various stakeholder meetings, forums and committees as assigned by the Deputy Director, to provide for the needs of the economy and the public, and the promotion of the migration to the use of more efficient digital financial services as and when required
• Annually, analyse payment modernization trends and its impact on the payments and virtual asset legal frameworks and draft amendment recommendations to ensure regulations (Directives, determinations, circulars) are relevant, enabling and fit for purpose
• Recommend the appropriate course of action to the Bank for addressing incidences of non-compliance with payment systems and virtual asset legislation by applying the stipulated remedial measures as and when such incidents occur
• Attend to Ad-hoc activities as assigned by the Deputy Director

Requisites

• Minimum Bachelor Degree or equivalent qualification in banking/finance/law/economics
• Payment Systems Training or equivalent
• New Managers Development Programme (NMDP) or equivalent
• Experience and understanding of Virtual Asset and Token Issuers ecosystem
• At least 5 years experience in a financial regulatory environment, of which 2 years must be at a supervisory level
• Knowledge and Skills:
• Bank of Namibia regulatory environment (Payment System Management Act, Banking Institutions Act, Bank of Namibia Act, Exchange Control Act, Virtual Asset Act, Financial Intelligence Act)
• National Payment System (Clearing, Payment, and Settlement Systems)
• International standards i.e. Financial Markets Infrastructure Principles; Oversight
• Principles; and all payment systems related regulations
• Blockchain, virtual assets and exchanges
• Advanced Analytical skills
• Presentation skills
• Writing skills
• Advanced policy development skills
• Persuasive ness skills
• Advanced job specific knowledge
• Advanced quality management
• Bank business acumen
• Legal Research

Notes

• Only shortlisted applicants will be contacted
• People with disabilities are encouraged to apply