• 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.