AML/CFT Analyst

The AML/CFT Analyst plays a critical role in safeguarding the financial system of the Turks and Caicos Islands against money laundering, terrorist financing

Main Responsibilities

1. Provide expert advice on international standards related to AML/CFT/CPF supervision and preventive measures.
2. Support the implementation of recommendations from international AML/CFT/CPF evaluations to improve effectiveness.
3. Routinely monitor progress and report on the implementation of TCI’s National Strategy and Action Plans arising out of the 2024 NRA and TCI’s 2020 CFATF mutual evaluation report.
4. Routinely monitor and report on the consistency of AML policies across agencies.
5. Collaborate and coordinate with AML/CFT/CPF Supervisors/ Regulators and other Key Governmental Agencies (KGAs) to strengthen their capacity in Financial Institutions (FIs), Designated Non-Financial Business Persons (DNFBPs), Virtual Assets (VA) and Virtual Asset Service Providers (VASPs) and Non-Profit Organisation (NPO) supervision and preventive measures of AML/CFT compliance.
6. Review updates and statistics from Competent Authorities (CAs) and KGAs, monitor trends, and identify and report on deficiencies or areas for improvement.
7. Prepare comprehensive reports for submission to the AMLC.
8. Perform any other related duties as required by the AML Coordinator to contribute to the effectiveness and efficiency of the Secretariat.

Education and Experience

• Bachelor’s Degree in law, accounting, Finance, or Business Management, the latter with audit or compliance as an assessed component.
• Certified Advanced AML Audit Specialist (CAMS-Audit) or ICA International Diploma in AML. Consideration may be given to other equivalent AML audit or compliance qualifications.
• Five (5) years related experience in the Financial/ DNFBP sector preferably with some experience in audit or compliance or as a Money Laundering Reporting Officer.

Specific Knowledge Required

• In-depth knowledge of the Financial Action Task Force (FATF) Standards, especially related to FI/ DNFBP AML/CFT supervision;
• Extensive knowledge of the implementation of FATF Standards and the 4th Round Methodology for assessing effectiveness with Immediate Outcomes 3, 4 and FI/DNFPB related elements of IOs 10 and 11;
• Knowledge in monitoring international targeted financial sanctions compliance;
• Knowledge of the TCI FSC’s (or similar) regulatory framework and supervisory techniques;
• Excellent writing, communication and presentation skills; and
• Proficiency in all Microsoft Office applications, such as MS Word, Excel, and PowerPoint 

Working Conditions

• Exposure to highly confidential information
• Required to travel occasionally among islands and overseas
• Required to work beyond normal working hours, when necessary, to meet deadlines.

REPORTING AND ORGANIZATIONAL RELATIONSHIPS

Reporting Directly to Reports to the AML/CFT Coordinator for daily operations, with strategic guidance, policy direction and legal oversight from the Attorney General and Deputy Attorney General.