Compliance Officer (6 Months Contract)

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 compliant with regulatory and internal requirements. Assist the Head of the department at a level that will enhance the effective operation of the department and the achievement of the company’s 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 group 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, 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.
• • Include appropriate recommendations to management on actions to mitigate anti-money laundering compliance risks.
• • Conduct daily monitoring of all Foreign Account Tax Compliance Act (FATCA) and manual cases received in the designated tool.
• • Analyze, evaluate and close FATCA cases in the designated tool.
• • Prepare and upload FATCA reports to the regulatory authorities for all required entities in Sagicor Group Jamaica.
• • Aid with the operational efficiency of the compliance program.
• • 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.
• • Assist with the integration of compliance requirements into business processes.
• • Perform other related duties assigned from time to time.

Required Skills

• • Knowledge and understanding of relevant laws and regulations relating to the banking, securities and insurance industries.
• • Knowledge of anti-money laundering regulations and guidelines.
• • Strong analytical, problem-solving, decision-making and research capabilities.
• • 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.

Qualifications

• • Bachelor’s degree in Business Administration, Banking & Finance, Accounting or Law from a recognized tertiary institution AND/ OR related professional certification such as ACAMS Certified Anti-Money Laundering Specialist or ICA Compliance certification.
• • At least two (2) years working experience in a banking or compliance related capacity in the financial industry.

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