Compliance and Nominated Officer

The incumbent will have the responsibility for ensuring the effective implementation of policies, programmes, procedures, and controls to prevent and detect money laundering and terrorist financing activities in accordance with the relevant statutes and the BOJ Guidance Notes.

Stewart Finance Jamaica Limited (SFJL), a motor vehicle financing company, is seeking to hire a highly experienced and qualified professional who has worked in the banking and financial industry with knowledge and experience in risk management and mitigation and legal and compliance matters, to fill the position of: -

COMPLIANCE AND NOMINATED OFFICER

Job Summary: The incumbent will report to the Board of Directors and the General Manager, with responsibility for ensuring the effective implementation of policies, programmes, procedures, and controls to prevent and detect money laundering and terrorist financing activities in accordance with the relevant statutes and the BOJ Guidance Notes.

 The key duties of this position include:

• Developing, maintaining, and executing an effective Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT)/ Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF) Compliance Programme designed to ensure the company’s supervision and controls meet regulatory requirements and industry best practices and to effectively manage and mitigate risk. This includes designing and implementing a training programme and materials for employees and designing and implementing policies and procedures regarding transaction monitoring, investigation management and risk assessment.
• Preparing AML/CFT/ATF Compliance Programmes, Corporate Governance Policies and procedures and ensuring that these policies and procedures are disseminated to the Board, management, and employees.
• Overseeing the updates and approval of AML/CFT/ATF Compliance Programmes and Corporate Governance Policies on an annual basis. Suggesting Improvements and compiling for presentation to the Board of Directors for Approval.
• Reporting to the Board (or other such governing body) and senior management at least once a year, or more frequently, if warranted, on the Money Laundering Protection (ML) and Terrorism Financing (TF) risks faced by the institution, and the effectiveness of the institution’s AML/CFT framework.
• Reporting to the Financial Investigation Division (FID) all activities / transactions as required under the relevant statutes and the Bank of Jamaica (BOJ) Guidance Notes.
• Ensuring all policies are kept current, are approved, and that company members are aware of their implications, e.g., regulatory Proceeds of Crime Act (POCA) and Corporate Governance.
• Assist with the preparation and submission of all Regulatory Reports and submissions to BOJ on time.
• Ensuring that all loan files are fully compliant in keeping with SFJL’s Policies.
• Acting as liaison between the institution and the BOJ and law enforcement.

 Competencies, qualifications, and experience required.

• A bachelor’s degree in  Finance, Business Administration or related field
• A minimum of 5 years’ experience in a similar capacity, preferably in the banking and financial sector
• Experience in handling legal and compliance matters in the Banking industry
• Ability to interpret complex regulatory requirements and create appropriate policies, procedures, and training materials.
• Ability to build trust, value others, communicate effectively, drive execution, foster innovation, focus on the customer, collaborate with others, solve problems creatively and demonstrate high integrity.
• Working knowledge of Microsoft applications.
• Good time management skills to meet strict deadlines.
• Must have clean police record.

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