Manager AML & Compliance – Old Mutual Namibia – Windhoek

Introduction…

Old Mutual is a leading financial services provider. We require a Manager AML & Compliance. This role is accountable for assisting the OMNAM Group in establishing and embedding a comprehensive AML & Compliance function.

Minimum Requirements…

• Namibian Citizenship;
• B Proc, LLB or higher are minimum mandatory requirements;
• 3 years’ experience in Compliance and Anti- Money Laundering and admission as a legal practitioner will 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.

 

Job Specification…

• Manage the Regulatory Compliance and AML Functions of the Old Mutual Namibia Group of Companies;
• Ensure adherence to the OML Regulatory Compliance Risk Policy and embedding a robust regulatory compliance function across the Old Mutual Namibia Group of companies;
• Compile and review the OMNAM Regulatory Universe and compliance risk management plans (“CRMP’s”) for new and existing legislation, and ensure that Business Unit Executives annually sign off on such or as and when changes are brought about;
• Compile a compliance monitoring plan (“CMP”) for the Old Mutual Namibia Group on an annual basis, making use of the latest signed off Regulatory Universe and CRMP’s for ultimate approval by the OMNAM Audit, Risk and Compliance Committee (“ARCC”);
• Compile and annually review compliance test-sheets/checklists for relevant legislation to be tested according to the CMP;
• Review of compliance monitoring reports and reporting of such to OMNAM BU EXCO’s, ARCC and relevant boards for correctness, applicability and consideration to business implications and ensure all that all other regulatory reports are adhered to as per prescribed period;
• Engage senior management on compliance breaches and agree on management actions and due dates to identify control breaks, interim mitigating actions and permanent controls to prevent reoccurrence;
• Ensure adherence to the OML AML, CFT and Sanctions Risk Policy and embedding, implementation and review (at least annually) of the OMNAM AML, CFT/CPF Risk Management and Compliance Programme (“OMNAM RMCP”) and the OMNAM FIA Internal Rules;
• Ensure accurate reporting on overall AML compliance status, including any regulatory/compliance breaches or concerns and conduct of the Old Mutual AIs and RIs that is inconsistent with the OMNAM RMCP requirements, nature and extent of material AML and Sanction Risks, mitigating controls and appropriate business processes;
• Oversight over performing of AML/CFT Risk Assessments (at BU, product level and distribution channel) as required by the OMNAM RMCP, inclusive of regular reviews (at least annual) of such;
• Ensure that the relevant regulatory reporting is conducted within the legislative timelines;
• Maintain relationship with Regulators; and
• Provide regulatory compliance obligation training including oversight over the AML employee training and development framework.

Please note: (Old Mutual reserves the right to confirm and verify all information submitted).

 

 

CLICK HERE TO APPLY ON THE OLD MUTUAL WEBSITE