A career opportunity has been identified at Bank BIC Namibia Limited. Suitably qualified, dynamic and resultsdriven individuals are invited to apply.
Contents
Job purpose::
To supervise, monitor, and enforce compliance with financial regulations, particularly the Financial Intelligence Act (FIA) and other AML/CFT/CPF-related laws to ensure the bank adheres to regulatory requirements, mitigates financial crime risks, and maintains a strong compliance framework.
Key Responsibilities:
- Define and rate the compliance universe, including relevant laws, regulations, and industry standards.
- Develop and implement policies, procedures, and controls to meet regulatory requirements.
- Maintain the Compliance Manual, ensuring it addresses material regulatory risks and is reviewed annually.
- Update and maintain the AML/CTF/CPF Compliance policy and framework.
- Ensure controls are designed to protect Bank BIC Namibia Ltd from non-compliance.
- Report to management and regulators in accordance with resolution procedures outlined in the AML/CTF/CPF programme.
- Keep management updated on compliance methodology, regulatory changes, industry standards, and best practices.
- Provide guidance on regulatory implications for bank operations.
- Train staff in AML procedures and compliance culture, and lead awareness campaigns on policy amendments, legislative updates, and system changes.
- Maintain adequate records on compliance activities, monitoring results, regulatory reports, breaches, and resolutions.
- Act as liaison during audits, inspections, and regulatory inquiries.
- Assist the Chief Risk & Compliance Officer (CRCO) with monthly and quarterly reports.
- Submit monthly reports on compliance-related activities.
Core Competencies:
- Detail oriented.
- Analytical skills.
- Problem solving.
- Investigation abilities.
- Excellent communication and interpersonal skills.
Key Requirements::
- Namibian citizen.
- Bachelor’s degree in law, finance, accounting, or auditing.
- Certification in AML/CFT Compliance (e.g., CAMS – Certified Anti-Money Laundering Specialist) is an advantage.
- Knowledge of Namibian financial regulations, including the Financial Intelligence Act and Banking Institutions Act.
- Minimum of 3 years of experience in AML compliance, risk management, or regulatory oversight.
Resumes accompanied by relevant qualifications can be emailed to:
Email: willani.vandyk@bankbic.na with the subject line “AML Compliance Officer”
