Compliance Officer

Close date:  May 25, 2018

Responsibilities: 

One of our clients is seeking to fill the position of Compliance Officer. The ideal candidate will have responsibility for, among other things instituting and maintaining the Anti-Money Laundering and Counter-Financing of Terrorism Compliance Programmes in the Islands.

• Ensure continuous monitoring and analysis of the companies’ regulated entities thus ensuring statutory requirements for Compliance, Anti- Money Laundering and Anti-Terrorism are met.

•       Regulatory reporting to the relevant authorities

•       Develop, initiate, maintain and revise policies and procedures for the operation of the Compliance Program.

•       Identify potential areas of compliance vulnerability and risk; developing / implementing corrective action plans for resolution and providing general guidance on how to avoid or deal with similar situations in the future.

•       Maintain records of training conducted, programmes and participants

•       Design and develop risk plans, reporting to senior management on the risk status

•       Develop training programmes that seek to ensure that all appropriate employees are knowledgeable of, and comply with regulations.

•       Function as key representative / liaison in meetings with state agencies and industry organizations regarding compliance policy

•       Protect the company’s interests which may be affected by proposed legislative and/or regulatory issues.

•       Report on as directed or requested to keep the senior management informed of the operation and progress of compliance efforts.

•       Ensure reporting of potential violations to duly authorized enforcement agencies as required

•       Ensure all reports to the regulatory bodies, Financial Investigation Divisions (FID), Central Banks, Law enforcement agencies are submitted on a timely basis

•       Respond to government investigations and queries as the principal point of contact in a timely manner

•       Assist in the preparation of departmental budget

Qualification:

Required qualification and Experience:

•       Possess a Bachelor’s Degree in a business related field or an alternate combination of education and experience

•       ACAMS or other internationally recognised compliance certification would be an asset

•       Have at least 3 – 5 years’ experience as a Compliance Officer

•       Have experience in monitoring a compliance programs or working in a regulated environment

•       Have a high level of personal initiative, integrity, organizational and time management skills

•       Have a keen sense of confidentiality and objectivity

•       Have Supervisory or Management training

•       Possess strong communication and interpersonal skills

•       Have sound decision making and problem solving skills, with a good grasp of operational procedures.

•       Have in depth understanding of the financial regulatory environment and the relevant laws and guidelines that governs the British Virgin Islands

•       Have excellent knowledge of MS Office suite

 BVIslanders and Belongers only need apply.

Unsuitable applications will not be acknowledged