The Namibia Financial Institutions Supervisory Authority (“NAMFISA; the Authority”) is an independent institution
established by virtue of Act No. 3 of 2001 to regulate and supervise financial institutions in Namibia as mandated
by various acts of Parliament. NAMFISA is an equal opportunity employer and invites competent & suitably qualified
candidates to apply for the following position:
MANAGER: CAPITAL MARKETS
DIVISION: CAPITAL MARKETS
THE POSITION REPORTS TO THE GENERAL MANAGER: CAPITAL MARKETS
JOB PURPOSE:
The purpose of the job is to secure an appropriate degree of protection
for the public, reducing financial crime and to ensure the effective
functioning of the institutions under responsibility.
KEY ACCOUNTABILITIES:
• Pro-active supervision of regulated Capital Markets entities
aligned to international best practice, rules and internal
processes;
• Assess and review the effectiveness of supervisory and
regulatory framework;
• Review directives, circulars, regulations and standards when
necessary;
• Manage the departmental budget and staff, and attend to other
administrative duties in line with the Organizational and
Departmental Strategic Objectives;
• Responsible for staff development by providing coaching and
mentoring to staff;
• Engage with stakeholders through industry communication and
support, attending to queries and complaints, and through
consumer education interventions;
• Review the design of financial/statistical quarterly and levy
returns;
• Review and critically analyze the consolidated statistical reports
on the performance of regulated institutions;
• Prepare quarterly departmental/divisional management reports
and provide departmental/divisional input for the annual report;
• Review and recommend annual inspection plan and recommend
for General Manager’s approval;
• Review the reports on on-site and off-site inspections on financial
analyses, management and business conduct of regulated
Capital Markets entities, and recommend appropriate sanctioning;
• Assess/review the effectiveness of the regulatory and supervisory
framework, and provide input to research on challenges/issues
and recommendations for policy review;
• Prepare departmental risk register that is aligned to the Divisional
Scorecard, and adhere to the annual Internal Audit plan.
QUALIFICATIONS AND EXPERIENCE REQUIRED:
Professional:
• Chartered Financial Analyst or Chartered Accountant designation
and
• Eight (8) years related experience of which three (3) should have
been at supervisory capacity;
OR
• LLB degree (or equivalent) and admission to practice as a Legal
Practitioner OR Honours degree in Finance, Law, Economics,
Investment/Portfolio Management or related field; and
• Eight (8) years related experience of which three (3) years should
have been at supervisory capacity.
OR
Graduate:
• A Bachelor’s Degree in Finance, Law, Economics,
Investment/Portfolio Management or related field; AND
• Ten (10) years’ related experience of which three (3 years should
have been at supervisory capacity;
• Financial sector related work experience will be an added
advantage.
KNOWLEDGE OF:
• NAMFISA’s mission, objectives, functions, processes and
systems’
• Macro-economic environment
• Financial Market trends
• The operations of financial services industries
• Knowledge of all relevant and applicable legislation
• Risk assessment knowledge and understanding
• Accounting and auditing practices and principles
• Analytical tools and methods
• Financial report analysis and interpretation
SKILLS:
• Strategic direction
• People management
• Governance, risk management, compliance, and
information/knowledge management
• Financial management
• Stakeholder engagement
• Research
• Financial market analysis
• Legislative, regulatory, and supervisory fluency
• Policy development
• Supervision of regulated entities
• Risk assessment planning and execution
• Risk mitigation
• Data analysis and management
• Compliance enforcement
• Fluency in corporate governance requirements
• Fluency in Companies Law
• Fluency in international standard
• Fluency in statutory return
• Records management
REMUNERATION:
NAMFISA offers a market-related total cost to company package based on work experience and qualifications. The package includes retirement and medical
aid benefits.
More Information
-
Job Application Details
APPLICATION DETAILS
TO APPLY We encourage energetic, dynamic and results-driven team players to forward their applications to: Vacancies Human Resources Manager, P. O. Box 21250, Windhoek OR Hand deliver to: Upper Ground Floor, 51 – 55 Werner List Street, Gutenberg Plaza OR E-mail to: [email protected] Deadline for applications: Wednesday, 16 August 2023 As per Affirmative Action (Employment) Act, Act 29 of 1998, Namibian Citizens from disadvantaged groups and persons living with disabilities will receive preferential treatment and are encouraged to apply. Please note that certified copies of qualifications and identification documents should be attached to your application. Only short-listed candidates will be contacted and no documents will be returned. No faxed applications will be accepted. NAMFISA reserves the right not to make an appointment in this position.
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