Financial Crime Prevention Manager

To provide oversight of financial crime compliance across LHN and its subsidiaries and ensure the effective implementation and maintenance of the AML/CFT/CPF programme in alignment with regulatory requirements and internal policies.

Responsibilities

Key Accountabilities:

• Provide AML support to entities within the LHN group.
• Produce and implement a framework plan that supports business plans and includes relevant strategies and controls to manage financial crime risk across LHN and its regulated subsidiaries, Letshego Bank Namibia and Letshego Micro Financial Services Namibia.
• Design and review financial crime policies, processes and procedures to ensure they meet expectations, including regulatory requirements.
• Implement appropriate and effective compliance and AML/CFT/CPF training strategies.
• Provide second-line compliance monitoring and testing of financial crime risks.
• Stay abreast of all legislative and regulatory developments both locally and globally that might have an impact on the organisation’s AML/CFT/CPF procedures.
• Perform AML/CFT/CPF functions on an ongoing basis, including the detection and reporting of suspicious transactions and activities, and conduct reviews to enhance the organisation’s AML/CFT/CPF functions.
• Implement a screening process to ensure all customers, vendors and employees are screened for sanctions and adverse media.
• Ensure all customers are correctly risk-rated and that the necessary CDD and EDD are performed within the required timeframes.
• Ensure timely reporting of Suspicious Activity Reports (SARs), Suspicious Transaction Reports (STRs), Electronic Funds Transfer Reports (EFTs) and Cash Transaction Reports (CTRs) as per regulatory requirements.
• Coordinate efforts related to audits, reviews, and examinations by regulators and independent assessors.
• Liaise with Risk Management and Internal Audit on risk-related issues, as well as non-compliance with internal AML/CFT/CPF policies, legislation, rules and regulations.
• Conduct periodic AML/CFT/CPF Risk Assessments on all products and services of Letshego Bank Namibia (LBN) and Letshego Micro-Financial Services Namibia (LMFSN).
• Ensure that all employees are aware of the AML/CFT/CPF compliance measures, including policies, procedures, control mechanisms and the channel of reporting.
• Provide professional advice on AML/CFT/CPF-related issues for business units.
• Establish and review the Bank's AML/CFT/CPF and sanctions-related policies and procedures.
• Handle ad hoc projects as assigned.
• Ensure horizon scanning of evolving financial crime risks, including staying up to date on global regulatory compliance, emerging trends and opportunities, and legislative matters.
• Assist with requests for information from regulators.
• Ensure the AML system operates effectively at all times and work closely with Group counterparts to ensure that AML/CFT/CPF requirements at country level are implemented efficiently.

Requirements

Knowledge and Experience Required of Job Holder:

1. Grade 12, certificate (25 points),

2. Bachelor’s degree in Law, Banking and Finance, Accounting, Auditing or an equivalent qualification.

3. At least 5 years of experience in financial crime prevention, preferably in the financial sector.

4. Certified Anti-Money Laundering Specialist (“CAMS”) certification is a distinct advantage.

5. A self-starter with excellent communication, organisational, and presentation skills.

6. Knowledge of FIC regulations applicable to the financial services industry.