Compliance Analyst

The Compliance Analyst is responsible for Monitoring, and Analysing daily exception reports, investigating transactions or client as necessary and preparing required regulatory disclosures reports review by the Compliance Officer for submission to the Authorized and Competent Authorities.

Job Purpose & Summary:

The Compliance Analyst is responsible for Monitoring, and Analysing daily exception reports, investigating transactions or client as necessary and preparing required regulatory disclosures reports review by the Compliance Officer for submission to the Authorized and Competent Authorities. The Compliance Analyst is also responsible for those duties assigned by the Manager, Compliance, and as outlined in the FATCA Policy, Compliance Program, and Regulatory Framework for JMMB Bank (T&T) Limited and JMMB Express Finance (T&T) Limited (hereinafter called “the TT Banking Group”). The aim is to ensure that the TT Banking Group manages it Money Laundering, Terrorist Financing, Proliferation Financing and Regulatory risk, in compliance with applicable local / international laws and industry best practices. 

Duties and Responsibilities:

• Monitor and analyse exception reports produced through the use of the Case Ware Analytics software as well as Internal Suspicious Activity submissions, and either prepare Suspicious Transaction Reports (STRs) for review and submission by the Manager, Compliance, or discuss with branch management to ensure that KYC issues are rectified and noncompliance issues addressed in a timely manner.
• Prepare regulatory reports (including Suspicious Activity/Suspicious Activity Reports), for review by the Manager, Compliance to facilitate regulatory filing of reports to the Financial Intelligence Unit as required under the Proceeds of Crime Act, the Anti-Terrorism Act and other related legislation.
• Research and provide data to the Manager, Compliance Officer in response to requests for information: by the Courts or authorized officers of the Financial Intelligence Unit, Police Service and other regulatory and law enforcement bodies.
• Perform duties including request for, collation of, and seeking validation of information, to support the Manager, Compliance as Point of Contact for FATCA purposes in order to ensure accurate reporting to the Board of Inland Revenue.
• Coordinate the submission of internal reporting and compliance reviews as prescribed in the Regulatory Compliance framework for the various Business Units and review the same to confirm compliance with regulatory and other obligations.
• Draft Compliance Reports for submission to the Board of Directors and the Operational Risk Management Committee on a monthly, bimonthly or quarterly basis as required by the Manager, Compliance.
• Update the relevant compliance registers in accordance with the POCA Regulations and internal guidelines as soon as a report, filing or information request is completed; and ensure proper record keeping in accordance with the Compliance Program and the Policy on record retention.
• Act as compliance liaison and adviser to Branches/Business Units by providing daily guidance regarding compliance matters to ensure accuracy and consistency in reporting and efficient client care.
• Provide support to the Manager, Compliance with the implementation and management of the TT Banking Group’s Compliance Framework and in particular the execution of FATCA Policy, Compliance Program, and Regulatory Framework, and make recommendations to strengthen these frameworks based on changes in regulatory and legislative requirements, as well as compliance weaknesses identified during daily monitoring and analysis.
• Assist the Manager, Compliance with the development and conduct of training for team members to increase awareness and building a compliance culture in accordance with the approved training plan.
• Perform other related duties as assigned.

Education, Training & Work Experience Required:

• A first Degree in  Accounting, Finance, Business or relevant field; and Association of Certified Anti Money Laundering Specialists (ACAMS), FIBA Anti Money Laundering Certified Associate (FIBA) qualifications.

• Minimum of 5 years progressive working experience within the Banking Sector
• Experience within the field of anti-money laundering, operations, or internal audit would be an asset
• Appropriate combination of qualifications & experience will be considered

Skills:

• Knowledge of General banking procedures
• Proficient in Microsoft Office applications
• Knowledge of the core banking system and AML/CFT monitoring software
• Strong database management skills
• An enquiring, analytical mind
• Tact and diplomacy, particularly when dealing with changes to working methods
• Organized and work well under pressure to meet deadlines
• Excellent report writing skills
• Capable of working on several projects at one time
• Self-motivated and have good teamwork skills

Behavioural Competencies:

• Promotes the JMMB’s philosophy of the Vision of Love and its unique culture.
• Promotes the Project Management culture for the transformation and continuous improvement of the JMMB and its associated companies.
• Solution oriented expert
• Actively live our core values as enshrined in the Vision of Love
• Extraordinary leader working in the best interest of all
• JMMB’s defined Leadership competencies