Compliance Officer (AFSL)

Summary

Provide support in executing the Group’s compliance program and ensure that compliance risks are mitigated. Monitor, identify, analyze and report client transactions/ activities to ensure the Group is in compliance with regulatory and internal requirements. Assist the Head of ERM & Group Compliance at a level that will enhance the effective operation of the department and the achievement of the goals and objectives.

Responsibilities

• • Play a major role in performing risk-based analysis and evaluations of compliance related matters referred to the department in keeping with approved AFSL processes and regulatory guidelines.
• • 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 statutory reports such as suspicious activity reports, suspicious transaction reports, threshold transaction reports, TPA, UNSCRIA, court orders and requests for information as assigned.
• • Investigate any suspicious activity and/ or medium/ high risk clients received through referrals or assignments 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 anti-money laundering compliance risks.
• • Conduct monthly monitoring of all send and receive remittance transactions in the designated CRP tool.
• • Provide assistance with the operational efficiency of the Compliance Program.
• • Contribute to the effective management of Regulatory Compliance.
• • 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.
• • Conduct periodic review of medium and high-risk clients as assigned and assist management in conducting compliance testing of the business units.
• • Assist in conducting compliance related training including, but not limited to, anti-money laundering, and integrating compliance requirements into business processes.
• • Perform other job-related duties assigned from time to time.

Required Skills

• • Knowledge and understanding of relevant laws and regulations relating to the Money Services Businesses.
• • 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.
• • Strong analytical, problem-solving, decision-making and research capabilities, building partnerships with stakeholders, innovation, teamwork.
• • Strong ability to partner and work cross-functionally.
• • High degree of confidentiality and professionalism.
• • Ability to work with minimal supervision in meeting deadlines.
• • Ability to communicate effectively both orally and in writing.
• • Sound knowledge of computer software packages including word processing and spreadsheet applications.

Qualifications

• • Bachelor’s Degree in Business Administration, Banking & Finance, Accounting, Law from a recognised tertiary institution and/or related professional certification such as ACAMS Certified Anti-Money Laundering Specialist, ICA Compliance Certification or equivalent qualification.
• • Two (2) years’ working experience in a banking or compliance related capacity in the financial industry.

Additional Information and Instructions

🙏 We appreciate all applications; however, only shortlisted candidates will be contacted.

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