Sagicor Group Jamaica Limited is seeking to identify a suitable candidate to join our Enterprise Risk Management & Group Compliance team in the capacity of: Compliance Officer


The selected candidate will provide support in executing the Group’s Compliance Program ensuring that compliance risks are mitigated in the following areas; Anti-Money Laundering (AML) Compliance, Regulatory Compliance, FATCA Compliance.

Along with monitoring, identify, analyze and report customer transactions/activity to ensure the Group is in compliance with regulatory and internal requirements with respect to: Unusual/suspicious work items/alerts, Threshold Transaction Reports, Enhanced due diligence, Case management and FATCA compliance


Key Duties and Responsibilities:

  • AML Compliance; Perform risk-based analysis and evaluations of compliance-related matters referred to the Unit in keeping with approved group processes and regulatory guidelines, including, but not limited to those originating from; Daily work items generated in CASEWARE through name scanning, payment scanning (wires/drafts), transaction monitoring
  • Unusual Transaction Reports (UTRs) or Threshold Transaction Reports (TTRs) submitted by business or other units
  • Results of media scans or court orders; Maintain accurate, up to date records of all actions, in-depth research and decisions taken, ensuring decisions are in accordance with legal and regulatory requirements and internal policies and procedures; Complete Requests for Information and Court Orders as assigned
  • Investigate any suspicious activity and/or medium/high-risk clients received through referral or assignment and ensure case files and information are prepared in a timely manner,  retained in accordance with procedures and include appropriate recommendations to management on actions to mitigate AML compliance risks; Conduct periodic review medium and high-risk clients as assigned
  • FATCA Compliance; Conduct daily monitoring of all FATCA cases in the CRM tool and all manual cases received; Analyze, evaluate and close FATCA cases in CRM; Prepare and upload FATCA reports to the regulatory authorities for all required entities in the Sagicor Jamaica Group; Request reports from IT partners as required;
  • Other Regulatory Compliance; Monitor BWISE Filings and ensuring timely and accurate reporting; Provide support in ensuring the Group complies with Fit and Proper Assessments and Agent/Dealer Representative registrations and renewals; Review audit reports, prepare logs and follow up on outstanding issues
  • Ensure the safe-keeping of all Compliance documents including customer and regulatory submissions; Keep informed on changes in all related laws and regulations in all jurisdictions of responsibility and provide recommendations for changes in internal policies/procedures to ensure compliance;
  • Business Advice; Assist in conducting compliance-related training including, but not limited to, Anti-Money Laundering, and integrating compliance requirements into business processes by; Providing recommendations to management on regulatory matters impacting the business to mitigate money laundering/terrorist financing activities
  • Providing insight, feedback and guidance to the business based on specialized knowledge of applicable regulations relating to the prevention and detection of anti-money laundering and terrorist financing activities, FATCA and other compliance risks, escalating issues as necessary
  • Assist management in conducting compliance testing of the business units
  • Operational Efficiency; Provide assistance with the operational efficiency of the Compliance Program.  This includes (but not limited to); Support implementation of appropriate software solutions; Prepare and disseminate the relevant internal and regulatory; Compliance reports, ensuring operational compliance with the Proceeds of Crime Act (POCA), the Terrorism Prevention Act and other legislations. 
  • Prepare Daily/Weekly/Monthly/Quarterly reports and Scorecards to support the preparation of Board and Sub-Committee reports


Academic Qualifications/Specialized Skills/Competencies:

  • Bachelor’s degree in Business Administration, Banking & Finance, Accounting, Law or related professional qualification from a recognized tertiary institution
  • Two (2) years’ experience in a branch or Compliance related function in the financial industry
  • Knowledge of regulatory and legal framework is required
  • Knowledge and understanding of relevant laws and regulations relating to the Banking, Securities and Insurance industries
  • Knowledge of anti-money laundering regulations and guidelines: Proceeds of Crime Act (POCA) & Regulations, Bank of Jamaica (BOJ) Guidelines on the Detection and Prevention of Money Laundering and Terrorist Financing Activities, Financial Securities Commission (FSC) AML Guidelines, Financial Investigations Division (FID) Act and advisories, Companies Act, Securities Act, Income Tax Act
  • Strong interpersonal and communication skills
  • Strong analytical, problem-solving, decision-making and research capabilities, building partnerships with stakeholders, innovation, teamwork
  • High degree of confidentiality and professionalism
  • Strong ability to partner and work cross-functionally
  • Ability to work with minimal supervision in meeting deadlines
  • Sound knowledge of computer software packages including word processing and spreadsheet applications
  • Strong time management and organizational skills


If this role is of interest to you kindly submit an application no later than June 30, 2020. While we appreciate all applications only shortlisted applicants will be contacted.

Employment Type
Salary and benefits
Not Specified
Your Career Level
Early Career
Years Experience
Two (2) years'
Your Education Level
Bachelor's Degree|in Business Administration
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