Compliance Officer - Windhoek, Namibia

Windhoek, Namibia

2 days ago

Compliance Officer

Old Mutual

Lets Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Minimum Requirements:
• Namibian citizenship.
• LL.B or higher or a B.Com is a minimum mandatory requirement.
• 3 – 5 years’ compliance or audit experience.
• Admission as a Compliance Practitioner with a relevant recognised international association shall be an advantage.
• Strong knowledge of the Financial Intelligence Act 13 of 2012; Unit Trust Control Act 54 of 1981; Stock Exchange Control Act 1 of 1985
• Strong technical skills.
• Flawless command of the English language.
• Assertive self-starter with excellent communication, organisation and presentation skills.
• Excellent conflict handling skills.
• Ability to work independently and under pressure while maintaining high service levels; and
• A team player.

Job Description:
• Assist the Business as an Accountable Institution in discharging its statutory reporting obligations in terms of the Financial Intelligence Act and the Prevention and Combating of Terrorist and Proliferation Activities Act.
• Support Management with the implementation of the Old Mutual Limited Group Compliance Framework.
• Assist the business with interpretation, advice and application of legal and regulatory requirements.
• Assist Management in overseeing and monitoring that the business meets its legal and regulatory obligations, and that it promotes and sustains a strong culture of compliance.
• Provide input and express an independent opinion on the adequacy and effectiveness of regulatory controls (including efficiency and effectiveness of the systems implemented to manage regulatory compliance matters within the business), as well as the overall internal regulatory control environment.
• Assist Management in overseeing, monitoring and providing guidance on emerging laws and regulations, their impact on business and required implementation.
• Maintain the regulatory universe and related Compliance Risk Management Plans (CRMPs).
• Compile and conduct monitoring in line with Regulatory Compliance Plans on a risk-based approach.
• Compile, draft and update applicable business standard operating procedures and internal Operating Procedures (SOPs and IOPs).
• Ensure the resolution, reporting and escalation of any regulatory compliance breaches or concerns.
• Monitor regulatory / compliance failure remediation against agreed Management Actions and due dates.
• Provide advice, develop and / or update the Employee Training and Development framework and set of training material and provide training for the business with respect to all relevant legislation and industry changes or amendments thereto, inclusive of general communications as the need arises.
• Cooperating with regulatory and law enforcement request for information, reviews, audits and investigations.
• Review and provide guidance to Management and oversight over implementation of the Anti-Money Laundering and Counterterrorist and Proliferation Financing Risk Management Compliance Programme (RMCP), inclusive of controls and procedures to mitigate Money Laundering, Terrorist Financing and Proliferation Financing risks.
• Assist Management to perform Risk Assessments as required by the RMCP, inclusive of regular reviews of such.
• Provide and assist Group Compliance team with monthly compliance assurance testing for all OMIG related testing’s.
• Present feedback on all compliance reporting and issues monthly at business unit / entity Executive Committee level, as required; and
• As required submit the necessary regulatory/compliance reports to the Old Mutual Namibia (OMNAM) Group Compliance Manager for onward reporting to OMNAM Exco and Management, inclusive of any regulatory / compliance breaches.
• Facilitate communication with stakeholders and acts as point of consultation between external defined stakeholders and Group Compliance, pertaining to relevant matters.