Job Expired

Section: Compliance
Department: Legal and Compliance Division
Office: Windhoek

Primary purpose of position

To monitor and investigate financial activity and transactions. The incumbent will be responsible for
investigating alerts generated from relevant systems and those reported manually and monitoring
customers’ transactional behaviour against the established profile for possible suspicious transactions.
The incumbent will also be responsible for assisting the company comply with all anti-money laundering
policies, rules, and regulations.

Main Responsibilities

• Maintain legal and regulatory compliance by collecting and storing data as per the company
standards to ensure systems integrity.
• Analyse data and computer systems to identify trends, develop business insights, optimize
processes, and reduce risk.
• Perform compliance investigations based on client, regulatory and internal requirements.
• Create reports and trend analyses as required.
• Conduct research on new technologies or techniques using online resources, databases, and other information sources.

Educational and Experience Requirements

A National Diploma in Law, Economics, Finance or Auditing with 4 years relevant experience in compliance in a corporate legal/commercial environment, of similar magnitude and complexity.
OR
Certification Anti-Money Laundering Specialist (CAMS) certification with 6 years relevant experience in
compliance in a corporate legal/commercial environment, of similar magnitude and complexity.
Any additional qualification in Compliance Management will be a distinct advantage.

Skills and Knowledge Requirements
• Track record of conceptual ability at an operational level coupled with sound commercial
judgement.
• Auditing knowledge/expertise.
• Legal and associated Risk Mitigation & Management knowledge.
• Business Acumen and Project Management knowledge.
• Compliance monitoring approaches.
• Legal requirements for financial services Research.
• Policy & Programme Design/Proposals.
• Proficient in written and spoken English.
• Computer literate.
• Investigation skills.
• Sound analytical thinking.
• Communication skills.
• Able to articulate technical or complex issues clearly and succinctly.
• Attentive to detail.
• Systematic analysis.
• Research Skills.

Other

Code B driver’s licence

Job Summary

Job Type

Contract

Location

Windhoek

Closing Date

August 24, 2023

Frequently Asked Questions

What are the typical educational qualifications and certifications needed for an AML Analyst role in Namibia?

A Bachelor's degree in Law, Finance, Economics, or Business Administration is usually a foundational requirement. Obtaining relevant certifications like an ACAMS (Association of Certified Anti-Money Laundering Specialists) or similar compliance accreditations is highly advantageous and often expected by employers. Practical experience in a financial institution is also highly valued.

What are the common day-to-day responsibilities of an AML Analyst in a Namibian financial institution?

Daily tasks typically involve monitoring transactions for suspicious activities, conducting thorough investigations, and preparing Suspicious Transaction Reports (STRs) for submission to local regulatory bodies. You will also be responsible for ensuring continuous compliance with Namibian financial regulations and the institution's internal anti-money laundering policies.

What is the typical work culture and professional expectation for an AML Analyst in Namibia?

The work culture in Namibian financial institutions often emphasizes professionalism, meticulous attention to detail, and strict adherence to regulatory guidelines. Strong ethical conduct, reliability, and the ability to work collaboratively within a team are highly valued in this sensitive field. Punctuality and respect for colleagues and hierarchy are also important.

What are the realistic career progression opportunities for an AML Analyst in Namibia?

An AML Analyst can realistically progress to Senior AML Analyst, AML Manager, or Compliance Officer roles within financial institutions or regulatory bodies. Opportunities also exist to specialize in areas like forensic investigations, financial crime prevention, or consulting, leading to more senior leadership positions within the compliance sector. Continuous professional development through certifications is key to advancement.

What kind of benefits package (e.g., leave, medical aid, pension) can I typically expect as an AML Analyst in Namibia?

Most reputable employers in Namibia offer competitive benefits packages that generally include contributions towards medical aid and a pension fund. You can typically expect standard annual leave, and some companies may offer additional benefits such as a provident fund, study leave, or group life insurance. Specific benefits can vary between institutions.

What key aspects do Namibian employers look for in an AML Analyst application, and how should I tailor my application?

Employers seek candidates with strong analytical skills, a solid understanding of local financial regulations, and proven attention to detail. You should highlight any experience with compliance software, investigative methodologies, and your unwavering commitment to ethical standards in your CV and cover letter. Demonstrating your ability to identify and mitigate financial crime risks is crucial.

More Information

Job Application Details
APPLICATION DETAILS
Closing Date: 24 August 2023 Candidates who comply with the above criteria and competency areas should apply through the following link http://www.nampost.com.na/corporate/vacancies.

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