Description

VACANCY
COMPLIANCE OFFICER
We are a financial co-operative basd in San Fernando. We seek a qualified and competent person to fill the position of Compliance Officer (on Contract).

Job Summary
The Compliance Officer oversees the organization’s Corporate Compliance Program, independently reviewing and evaluating compliance matters.  The holder of this office ensures that the organization operates in compliance with regulatory agencies, national and international laws, professional standards, accepted business practices, and internal standards.  The Compliance Officer is also expected to educate all branches of the organization on acceptable practices that will ensure the highest possible level of compliance.

Key Duties and Responsibilities

• Develop, maintain, and revise policies and procedures for the organization’s Compliance Program in order to prevent illegal, unethical, or improper conduct.
• Provide guidance on compliance matters as pertains to company policies and business activities.
• Proactively audit processes, practices and documents to identify weaknesses.
• Provide guidance to the Board of Directors and senior management on matters relating to compliance.
• Periodically review and update Standards of Conduct to ensure relevance in providing guidance to the Board of Directors, management and employees.
• Serve as the liaison between the organization and national regulators, such as the Financial Intelligence Unit (FIU).
• Conduct periodic internal reviews or audits to ensure that compliance procedures are being followed and that the organization’s Compliance Programme is properly implemented at all levels of the organization.
• Administration of compliance monitoring and compliance on-boarding functions such as Know Your Customer (KYC) and Customer Due Diligence (CDD).
• Assume a risk-based approach in scrutinizing the organization’s financial activities with a view to eliminating compliance susceptibility.
• Review and verify all membership applications to ensure accuracy, completeness, and compliance with regulatory requirements, including Know Your Customer (KYC) and Customer Due Diligence (CDD) protocols.
• Generate and present detailed membership onboarding reports to the Board of Directors and management, highlighting trends, compliance issues, and actionable insights.
• Any other duties as directed by the Board of Directors.

Qualifications and Experience

• Bachelor’s degree in Finance or, Business Management and Administration or Law.
• Familiarity with risk management and the financial industry’s standards.
• Knowledge of requisite laws, regulations, national and international standards and controls (the Financial Intelligence Unit Act, the Anti-Money Laundering Act, the Proceeds of Crime Act) as they relate to the Credit Union and the Financial Sector.
• At least three (3) years’ experience in risk management, audit and /or compliance, preferably in a financial institution.

 
(Please note only suitably qualified candidates will be contacted)