AML Compliance Officer – BANK BIC NAMIBIA LIMITED

A career opportunity has been identified at Bank BIC Namibia Limited. Suitably qualified, dynamic and resultsdriven individuals are invited to apply.

 

Job purpose::

To supervise, monitor, and enforce compliance with financial regulations, particularly the Financial Intelligence Act (FIA) and other AML/CFT/CPF-related laws to ensure the bank adheres to regulatory requirements, mitigates financial crime risks, and maintains a strong compliance framework.

 

Key Responsibilities:

• Define and rate the compliance universe, including relevant laws, regulations, and industry standards.
• Develop and implement policies, procedures, and controls to meet regulatory requirements.
• Maintain the Compliance Manual, ensuring it addresses material regulatory risks and is reviewed annually.
• Update and maintain the AML/CTF/CPF Compliance policy and framework.
• Ensure controls are designed to protect Bank BIC Namibia Ltd from non-compliance.
• Report to management and regulators in accordance with resolution procedures outlined in the AML/CTF/CPF programme.
• Keep management updated on compliance methodology, regulatory changes, industry standards, and best practices.
• Provide guidance on regulatory implications for bank operations.
• Train staff in AML procedures and compliance culture, and lead awareness campaigns on policy amendments, legislative updates, and system changes.
• Maintain adequate records on compliance activities, monitoring results, regulatory reports, breaches, and resolutions.
• Act as liaison during audits, inspections, and regulatory inquiries.
• Assist the Chief Risk & Compliance Officer (CRCO) with monthly and quarterly reports.
• Submit monthly reports on compliance-related activities.

Core Competencies:

• Detail oriented.
• Analytical skills.
• Problem solving.
• Investigation abilities.
• Excellent communication and interpersonal skills.

Key Requirements::

• Namibian citizen.
• Bachelor’s degree in law, finance, accounting, or auditing.
• Certification in AML/CFT Compliance (e.g., CAMS – Certified Anti-Money Laundering Specialist) is an advantage.
• Knowledge of Namibian financial regulations, including the Financial Intelligence Act and Banking Institutions Act.
• Minimum of 3 years of experience in AML compliance, risk management, or regulatory oversight.

Resumes accompanied by relevant qualifications can be emailed to:

Email: willani.vandyk@bankbic.na with the subject line “AML Compliance Officer”

 

Closing Date: 10 August 2025

(ONLY SHORTLISTED CANDIDATES WILL BE CONTACTED)

BANK BIC NAMIBIA LIMITED IS AN EQUAL OPPORTUNITY EMPLOYER