Financial Crime Compliance Officer Job Vacancy in Walvis Bay, Namibia – Banking & Finance

Job Description

Position:Financial Crime Compliance Officer

Company:Standard Bank Namibia

Location:Walvis Bay, Namibia

Experience:5+ years in AML, financial crime compliance

Education:Bachelor’s degree in Finance, Law, or related field; CAMS preferred

Employment Type:Full-time

Industry:Banking & Finance

Department:Compliance & Risk Management

Salary:SSP 250,000 – 350,000 per annum

Vacancies:1

Company Overview

Standard Bank Namibia is a leading financial institution with a strong footprint across Southern Africa. Established over a century ago, the bank offers a comprehensive suite of banking services, ranging from retail and corporate banking to wealth management and digital solutions. With a commitment to sustainable growth, innovation, and community development, Standard Bank Namibia plays a pivotal role in supporting Namibia’s economic stability and prosperity. As part of a globally recognized brand, the bank adheres to the highest standards of governance, risk management, and corporate responsibility, making it an attractive employer for professionals seeking challenging and rewarding career opportunities. The bank’s presence in Walvis Bay positions it at the heart of Namibia’s key trade and logistics hub, providing unique exposure to international finance and cross‑border transactions. This role contributes directly to the bank’s mission of safeguarding assets, maintaining regulatory compliance, and fostering a culture of integrity.

Job Overview

The Financial Crime Compliance Officer will lead the design, implementation, and monitoring of anti‑money laundering (AML) and counter‑terrorist financing (CTF) frameworks within the Walvis Bay branch. Reporting to the Head of Compliance, the incumbent will collaborate with internal stakeholders, external regulators, and law enforcement agencies to detect, prevent, and report suspicious activities. The role demands a deep understanding of local and international regulatory requirements, strong analytical skills, and the ability to translate complex regulatory mandates into practical operational controls. By ensuring robust compliance processes, the officer protects the bank’s reputation and contributes to the overall stability of Namibia’s financial system. For more information about Standard Bank Namibia’s career opportunities, visit the main website https://namibiajobsearch.com. Additional resources on regional compliance trends can be found at https://www.zambiajobssearch.com/.

Key Responsibilities

• Develop, update, and maintain the bank’s AML/CTF policies, procedures, and risk assessments in line with Namibian Financial Intelligence Centre (FIC) guidelines and international standards such as FATF.
• Conduct thorough customer due‑diligence (CDD) and enhanced due‑diligence (EDD) reviews for high‑risk accounts, ensuring accurate documentation and timely approvals.
• Monitor transaction flows using advanced analytics and transaction monitoring systems to identify suspicious patterns and generate SARs (Suspicious Activity Reports) where required.
• Provide expert guidance and training to front‑office staff on AML best practices, red‑flag identification, and regulatory changes.
• Coordinate with internal audit, legal, and risk teams to address compliance gaps and implement remediation plans.
• Maintain up‑to‑date knowledge of evolving financial crime typologies, sanctions regimes, and emerging regulatory expectations.
• Prepare and present regular compliance reports to senior management and the Board’s Risk Committee.
• Act as the primary liaison with the Financial Intelligence Centre, external auditors, and law enforcement during investigations.

Required Skills

• Strong analytical and investigative abilities with attention to detail.
• Excellent written and verbal communication skills for report writing and stakeholder engagement.
• Proficiency in AML software tools and data‑analysis platforms.
• Ability to interpret complex regulatory texts and translate them into actionable policies.
• High ethical standards and a commitment to confidentiality.
• Project management skills to lead multi‑departmental initiatives.

Education

A bachelor’s degree in Finance, Law, Business Administration, or a related discipline is required. Professional certifications such as Certified Anti‑Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS), or equivalent are highly desirable and will be considered an advantage during the selection process.

Experience

Applicants must possess a minimum of five years of hands‑on experience in financial crime compliance, AML monitoring, or related risk functions within a banking or financial services environment. Experience working with Namibian regulatory bodies, international sanctions screening, and cross‑border transaction monitoring will be viewed favorably.

Salary

The successful candidate will receive a competitive annual salary ranging from SSP 250,000 to SSP 350,000, commensurate with experience and qualifications. The remuneration package includes performance‑based bonuses, pension contributions, and other statutory benefits.

Benefits

• Comprehensive health insurance covering medical, dental, and vision.
• Retirement savings plan with employer matching contributions.
• Annual performance bonus linked to compliance outcomes.
• Generous paid leave, including annual, sick, and parental leave.
• Employee assistance program and wellness initiatives.

Training

• Continuous professional development through accredited AML and compliance courses.
• Access to internal learning platforms and mentorship programs.
• Opportunities to attend regional and international conferences on financial crime prevention.

Working Environment

Standard Bank Namibia offers a collaborative, inclusive, and technology‑enabled workplace. The Walvis Bay office features modern facilities, flexible working arrangements, and a culture that encourages innovation and knowledge sharing. Employees benefit from a supportive leadership team that values diversity, work‑life balance, and career progression.

Application Process

Interested candidates should submit an online application through the Standard Bank Namibia careers portal, attaching a current CV and a cover letter outlining relevant experience and motivation for the role. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment at the Walvis Bay branch.

Equal Opportunity Statement

Standard Bank Namibia is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, age, disability, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.