Senior Conduct Analyst Division: Market Conduct (m/f)

Description

• The purpose of the job is to assist in the implementation of the acts under NAMFISA’s jurisdiction in order to ensure financial institutions and intermediaries adhere to the highest standards of conduct of business in deterring unfair treatment of consumers. The job further ensures timely and accurate collection and analysis of data from institutions regulated under the relevant Acts to ensure effective functioning of these institutions as well as to evaluate and review adherence of industry to current legislation, regulations, procedures and policies

Duties

• Manage applications in line with relevant legislation and procedures
• Draw up the annual on-site inspection plan and recommend to the Manager
• Conduct on-site inspections in accordance with the Inspection Manual
• Review and supervise the inspections process
• Review financial analysis reports prepared by the Financial Analyst for recommendation to the Manager
• Communicate off-site analysis findings and recommendations to regulated entities
• Review industry annual and quarterly reports
• Formulate and regularly review risk matrix
• Coordinate and facilitate industry liaison where applicable
• Actively participate in industry consultations and meetings as requested by regulated entities
• Provide technical support to the Complaints Department with regards to complaints lodged
• Identify areas of Consumer Education (CE) interventions/training
• Ensure integrity and accuracy of data input of statutory and compliance returns
• Enforce compliance (penalties, fines, directives, compliance assessment)
• Engage with stakeholders to understand the challenges they face or potential risks resulting from changes in the industry
• Research international best practice principles on supervision (IOPS, IAIS, OECD, etc.)
• Conduct research on such challenges/issues and make recommendations for policy review that may lead to amendments to legislation
• Assist with drafting of best practice supervisory framework that balances efficiency and effectiveness, and with drafting of internal departmental policies and procedures
• Maintain discipline in accordance with NAMFISA’s Personnel
• Rules and Code of Conduct, and ensure adherence to operational procedures
• Conduct assessments and categorize registered entities in terms of the Supervisory Ladder of Intervention on a quarterly basis

Requisites

• Bachelor’s Degree in Accounting/Economics/Finance/Law
• Five (5) years’ analysis/supervision experience (i.e. actuarial, consulting or administration, compliance management, auditing, market conduct analysis)
• Knowledge:
• NAMFISA’s mission, vision, objectives, functions, processes and systems
• Macro-economic environment industry business knowledge and understanding
• Up to date with industry trends and legislative environment
• Understanding and interpretation of laws
• Risk assessment knowledge and understanding
• Accounting and auditing practices and principles
• Analytical tools and methods
• Financial reports analysis and interpretation
• Knowledge of the principles of treating customers fairly
• Skills:
• Governance, risk management, compliance and information/knowledge management
• Stakeholder management
• Research
• Policy development
• Risk assessment planning and execution
• Report and Business writing
• Assessments and inspections
• Fluency in Companies Law and International standards
• Fluency in statutory returns

Benefits

• NAMFISA offers a market-related total cost to company package based on work experience and qualifications. The package includes retirement and medical aid benefits

Notes

• Only shortlisted applicants will be contacted
• Indicate the source of this job post: working.co.na
• 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 to: Vacancies Human Resources Manager
• As per Affirmative Action (Employment) Act, Act 29 of 1998, Namibian Citizens from disadvantaged groups and persons 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. Only short-listed candidates will be contacted and no documents will be returned
• No faxed applications will be accepted

How to Apply

1. Documentation

• Cover Letter
• Curriculum Vitae

2. Application

• Send your Documentation to hr@namfisa.com.na with the Subject line “Senior Conduct Analyst Division: Market Conduct”