• Job Description

  Req#: JR-58424

  Lets Write Africa's Story Together!

  Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

  Job Description

  na

  Minimum Requirements:
  •Namibian Citizenship;
  •A Bachelor’s degree in Law (B.Proc or LL.B.) or Commerce (B.Com) or an equivalent qualification is a minimum mandatory requirement;
  •3 years’ experience in anti-money laundering (AML) and compliance environment;
  •Knowledge of the non-banking financial institutions sector shall 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.

  
  Duties & Responsibilities:
  •Oversee and manage the Regulatory Compliance functions for Old Mutual Life Assurance Company (Namibia) Limited.
  •Ensure full adherence to the Regulatory Compliance Risk Policy, establishing and maintaining a robust compliance framework.
  •Assist in implementing the Group Compliance Framework across Old Mutual Holdings Namibia (OMHN).
  •Develop, review, and maintain the Regulatory Universe and Compliance Risk Management Plans (CRMP) for both new and existing legislation, ensuring Business Unit (BU) Executives approve these annually or as changes occur.
  •Create and annually review a Compliance Monitoring Plan (CMP) for Old Mutual Life Assurance Company (Namibia) Limited, based on the most recent Regulatory Universe and CRMP, for approval by the Risk and Compliance Committee (RCC).
  •Review Compliance Monitoring Reports and present them to Business Executive Meetings, ensuring accuracy and relevance to business operations, while adhering to all regulatory reporting timelines.
  •Engage with senior management on compliance breaches, agreeing on management actions, due dates, interim measures, and permanent controls to prevent reoccurrence.
  •Ensure adherence to OMHN’s Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Sanctions, and Proliferation Policy, including the annual review and implementation of the Risk Management and Compliance Programme (RMCP).
  •Collaborate with the Group AML Officer and Group Compliance Officer on information requests, audits, and investigations related to the Financial Intelligence Act and AML.
  •Oversee AML/CFT risk assessments at the Business Unit, product, and distribution channel levels, including regular reviews as required by the RMCP.
  • Support the business units during regulatory interactions, including inspections.
  •Develop and update the Employee Training and Development framework, ensuring proper storage of training materials and records of participation.
  •Provide advice and conduct training on relevant legislation and industry updates for business and functional units.
  •Supervise, coach, and mentor AML Officers, setting clear performance expectations and goals.
  •Monitor team performance, offering constructive feedback and ensuring adherence to established protocols and best practices.
  •Handle escalated inquiries and complaints, and organize training sessions for AML Officers.
  •Ensure operational-level governance and compliance.
  •Perform additional duties as required.

  Skills

  Competencies

  Balances Stakeholders

  Communicates Effectively

  Financial Acumen

  Instills Trust

  Interpersonal Savvy

  Manages Ambiguity

  Manages Complexity

  Optimizes Work Processes

  Education

  Closing Date

  29 July 2025 , 23:59

  The Old Mutual Story!

• About the company

  Old Mutual Limited is a pan-African investment, savings, insurance, and banking group.

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