Compliance Manager JM

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General Responsibilities

Develop and update policies, procedures, and programmes related to Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) compliance
Ensure staff are trained, at least annually, on AML/CFT
Develop and revise the compliance matrices, programmes and policies to reflect changes in the organization’s needs, laws, regulations, and procedures related to compliance issues, at least annually, or sooner where required
Inform and train staff on changes to policies and procedures
Monitor and test, on an ongoing basis, the effectiveness of the compliance programmes and take the required corrective actions when and where required
Advise the Boards of Directors, Audit Committees, senior management, and the business units of proposed or pending regulatory changes
Ensure the completion and timely submission of all regulatory reports to the responsible bodies within the respective territories
Conduct testing of new policies opened and pre-existing policies to ensure they are opened and maintained in accordance with the established policies
Ensure the development, implementation, and ongoing maintenance of a risk assessment framework in each business to include the conduct of an annual enterprise risk assessment
Ensure all records are kept safely and securely to ensure the timely retrieval of documents and retention is done per the applicable legislation
Ensure policies opened for high-risk customers are reviewed on an ongoing basis
Report to the Audit Committees, and Boards of Directors, at least quarterly, on the compliance programme of the businesses
Ensure the annual independent audit of the AML/CFT compliance programme for each business is conducted
Work with the Audit Committees, Boards of Directors, and General Managers to ensure a designated compliance officers and or money laundering reporting officers are formally installed within each business and or territory.

Required Qualification, Experience, Knowledge and skills:

A professional anti-money laundering certification (ex. Certified Anti-Money Laundering Specialist)
Bachelor’s Degree in Management Studies, Finance, Accounts or equivalent
Strong working knowledge with understanding and interpreting legislation
Three (3) years’ experience in internal audit, finance, accounting or operations in the financial sector
Knowledge of the Regulations and Acts governing the financial services industry
Knowledge of the various regulations governing Anti-Money Laundering and the Prevention of Terrorist Financing
Knowledge of Microsoft Office suite e.g. WORD, EXCEL, POWERPOINT
Strong understanding of the use of information technology and the operating environment in financial institutions
Strong communication and presentation skills
Ability to develop policy and procedure documentation
Excellent interpersonal and analytical skills
Ability to maintain a high level of integrity and confidentiality
Ability to work in a fast-paced environment
Must be willing to relocate to Barbados or St. Lucia