MANAGER: CONDUCT AND COMPLIANCE – NAMFISA

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: CONDUCT AND COMPLIANCE

DIVISION: MARKET CONDUCT

THE POSITION REPORTS TO THE GENERAL MANAGER: MARKET CONDUCT

JOB PURPOSE:

To regulate the sector in order to secure an appropriate degree of protection for the public, reducing financial crime and to ensure the effective functioning of regulated entities.

KEY ACCOUNTABILITIES:

• Manage applications from intermediaries in line with relevant legislation and procedures;
• Pro-active supervision of regulated entities aligned to international best practice, rules and internal processes;
• Ensure the approved annual inspection plan is carried out in accordance with international standards and within agreed time frames;
• Manage the departmental budget and staff, and attend to other administrative duties in line with the Organizational and Departmental Strategic Objectives;
• Manage stakeholder relations by:

o Providing professional advice to industry on the interpretation of laws and regulations;

o Actively participating in industry consultations and meetings as required;

o Liaising with stakeholders such as Bank of Namibia, Ministry of Finance, Office of the Attorney-General and fellow regulators on issues of mutual concern.

• Manage the analysis of relevant periodic reports and summaries of statistical information concerning the industry;
• Enforce compliance with relevant legislation, and ensure corrective action is instituted for non-compliant regulated entities;
• Assess/review the effectiveness of the regulatory and supervisory framework by researching on international best practice principles;
• Ensure regulated entities are categorized in terms of the Supervisory Ladder of Intervention;
• Prepare the departmental risk register and continuously evaluate the risks and audit findings, to ensure risks are kept at a minimum.

QUALIFICATIONS AND EXPERIENCE:

Professional:

• Honours Degree in Economics / Finance /Law or related field; or
• Certified Theory in Accounting/Honours or equivalent and

Chartered Accountant designation; or

• LLB (or equivalent) and admission to practise as a Legal Practitioner
• 8 years’ relevant experience, of which 3 years should have been at a supervisory level
• Financial sector related work experience will be an added advantage

OR

Graduate:

• Degree in Economics / Finance /Law or related field; or
• 10 years’ relevant experience, of which 3 years should have been at a supervisory level
• Financial sector related work experience will be an added advantage

KNOWLEDGE:

• NAMFISA’s mission, vision, objectives, functions, processes and systems
• Macro-economic environment
• Financial Market Trends
• Operations of financial services industry
• All relevant and applicable legislation
• Risk assessment knowledge and understanding
• Accounting and auditing practices and principles
• Analytical tools and methods

Financial reports analysis and interpretation

SKILLS:

• Management skills
• Excellent verbal and written communication skills
• Regulatory and Supervisory skills
• Interpersonal skills
• Decision making and Problem solving skills
• Interviewing skills
• Planning skills
• Complaint handling skills
• Researching skills
• Analytical skills

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.