FINTECH SPECIALIST – NAMFISA 623 views

JOB PURPOSE:
The purpose of this job is to utilize Fintech, Reg-tech and Sup-tech to
deliver value to the institution. This includes providing statistical analysis,
forecasting, predictive modelling, simulation, machine learning and
optimisation to discover trends, opportunities and threats. In addition, the
position must provide latest developments in data science technology
and methodologies.

KEY ACCOUNTABILITIES:
• Coordinate the Regulatory Sandbox by:
o guiding applicants on procedures when submitting
applications into the regulatory sandbox;
o reviewing Fintech applications, in conjunction with the
Licensing & Registration Department, based on the sandbox
regulatory framework and guidance note;
o preparing Fintech applications assessments reports,
recommendations and approval/rejection letters;
o monitoring the admitted entities into the sandbox by
evaluating if any complaints have been adequately
addressed according to the TCF principles;
o recommending relevant entities for consideration when
exiting from Sandbox;
o coordinating technical committee on Fintech.
• Organize and host Fintech Day and utilize information provided to
develop a comprehensive Fintech strategy for NAMFISA;
• Participate in industry meetings and prepare presentations if
applicable;
• Conduct workshops with potential entities on steps to follow when
submitting the application, and testing period requirements;
• Draft Public Notices on regulatory sandbox testing requirements;
• Research and recommend latest technology that can improve
supervisory processes within NAMFISA;
• Conduct and coordinate research on:
o International best practice principles on Fintech (IOPS, IAIS,
OECD, etc.);
o Challenges/issues faced due to Fintech and make
recommendations for policy review
• Assist with drafting of internal divisional policies and procedures.

QUALIFICATIONS AND EXPERIENCE:
• B-degree in Actuarial Studies/Statistics /Mathematics/ Economics/
Finance;
• One – three (1-3) years’ experience in analysis (i.e. actuarial,
administration, compliance management, statistical and market
conduct analysis).

KNOWLEDGE OF:
• NAMFISA’s mission, vision, objectives, functions, processes and
systems
• Macro-economic environment and understanding of fintech in the
financial sector
• Up to date with Fintech industry trends and legislative environment
globally and nationally,
• Understanding of Reg-tech and Sup-tech,
• Understanding and interpretation of relevant laws (FIMA, 2021)
• Risk assessment knowledge and understanding
• Analytical tools and methods
• Financial reports analysis and interpretation
• Knowledge of the principles of treating customers fairly

SKILLS:
• Manage delivery
• People management
• Quality assurance
• Continuous improvement
• Project management
• Stakeholder management
• Research
• Financial analysis
• Legislative, regulatory, and supervisory fluency
• Policy development
• Entity oversight
• Supervision of regulated (natural and legal) persons
• Risk assessment and mitigation
• Report and Business writing
• Compliance enforcement
• Digital fluency
• Records management
The Namibia Financial Institutions Supervisory Authority (NAMFISA) exists to supervise financial institutions and
financial services, and to advise the Minister of Finance on matters relating to financial institutions and financial
services in terms of the NAMFISA Act No. 3 of 2001. NAMFISA is an equal opportunity employer and invites
competent & suitably qualified candidates to apply for the following position(s):