- Oversee and manage the Regulatory Compliance functions for Old Mutual Life Assurance Company (Namibia) Limited.
- Ensure full adherence to the Regulatory Compliance Risk Policy, establishing and maintaining a robust compliance framework.
- Assist in implementing the Group Compliance Framework across Old Mutual Holdings Namibia (OMHN).
- Develop, review, and maintain the Regulatory Universe and Compliance Risk Management Plans (CRMP) for both new and existing legislation, ensuring Business Unit (BU) Executives approve these annually or as changes occur.
- Create and annually review a Compliance Monitoring Plan (CMP) for Old Mutual Life Assurance Company (Namibia) Limited, based on the most recent Regulatory Universe and CRMP, for approval by the Risk and Compliance Committee (RCC).
- Review Compliance Monitoring Reports and present them to Business Executive Meetings, ensuring accuracy and relevance to business operations, while adhering to all regulatory reporting timelines.
- Engage with senior management on compliance breaches, agreeing on management actions, due dates, interim measures, and permanent controls to prevent reoccurrence.
- Ensure adherence to OMHN’s Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Sanctions, and Proliferation Policy, including the annual review and implementation of the Risk Management and Compliance Programme (RMCP).
- Collaborate with the Group AML Officer and Group Compliance Officer on information requests, audits, and investigations related to the Financial Intelligence Act and AML.
- Oversee AML/CFT risk assessments at the Business Unit, product, and distribution channel levels, including regular reviews as required by the RMCP.
- Support the business units during regulatory interactions, including inspections.
- Develop and update the Employee Training and Development framework, ensuring proper storage of training materials and records of participation.
- Provide advice and conduct training on relevant legislation and industry updates for business and functional units.
- Supervise, coach, and mentor AML Officers, setting clear performance expectations and goals.
- Monitor team performance, offering constructive feedback and ensuring adherence to established protocols and best practices.
- Handle escalated inquiries and complaints, and organize training sessions for AML Officers.
- Ensure operational-level governance and compliance.
- Perform additional duties as required.
QUALIFICATIONS & EXPERIENCE
- Namibian Citizenship;
- A Bachelor’s degree in Law (B.Proc or LL.B.) or Commerce (B.Com) or an equivalent qualification is a minimum mandatory requirement;
- 3 years’ experience in anti-money laundering (AML) and compliance environment;
- Knowledge of the non-banking financial institutions sector shall be advantageous;
- Strong technical skills;
- Flawless command of the English language;
- An assertive self-starter with excellent communication, organisation and presentation skills;
- Excellent conflict-handling skills;
- The ability to work under pressure while maintaining high service levels; and
- Team player.
