SENIOR ANTI -MONEY LAUNDERING POLICY ANALYST (CONTRACT)

SENIOR ANTI -MONEY LAUNDERING POLICY ANALYST (CONTRACT)

 About the FSC:

The Financial Services Commission (FSC) is an integrated Financial Services regulator. Our mission is to regulate and supervise the Securities, Insurance and Private Pensions industries for the protection of their users thereby enhancing public confidence through the efforts of a competent workforce. 

We are seeking individuals who are self-directed, results-oriented, and have a passion for providing excellent service.

The FSC has an immediate opening for the position of Senior AML Policy Analyst.

Position Summary:

Reporting to the AML Chief Compliance Officer of the AML Unit in the Investigation & Enforcement Division (I&E), the Senior AML Policy Analyst is responsible for the development of policies to reflect any revisions to the Financial Action Task Force (FATF) Recommendations, lead the process for AML/CFT/CPF regulatory reforms, provide training/outreach to registrants/licensees, conduct risk assessments, and provide guidance to the examination team in the preparation of case files.

Key Responsibilities:

• Development of policy papers to reflect significant revisions in the AML/CFT/CPF framework as promulgated by international standards setting bodies such as FATF.
• Reporting on necessary amendments to the FSC’s suite of legislation to ensure compliance with AML/CFT/CPF international requirements.
• Provide instructions for the drafting of amendments to any relevant legislation.
• Plan and deliver annual training to licensees/registrants on relevant AML/CFT/CPF requirements.
• Represent the FSC (locally and internationally) as required on pertinent AML/CFT/CPF matters.
• Respond to queries and correspondence received by the AML Unit.
• Provide timely updates to the Prime Contact Secretariat as required, on the FSC’s status with on-going obligations related to both the FATF and CFATF action items.
• Contribute to the on-going updating of the FSC’s AML/CFT/CPF Guidelines.
• Develop Advisories for dissemination to regulated businesses to address particular relevant issues and to provide advice on emerging trends, typologies etc.
• Conduct risk assessments on the FSC’s new/emerging and current financial sectors.
• Provide guidance to the examination team on the development of case files, including advice on the collation of documents for evidential purposes.
• Represent the FSC on AML/CFT/CPF matters in the courts, including providing statements and affidavits.

 Education, Knowledge and Skills:

 A minimum of three (3) years’ experience as an AML Specialist

• Degree or equivalent professional qualification in finance, law, accounting or related field
• Excellent knowledge of the Proceeds of Crime Act, the Terrorism Prevention Act, the United Nations Security Council Resolutions Implementation Act and their attendant regulations
• Good understanding of marketplace AML/CFT/CPF issues
• Sound knowledge of the CFATF/FATF Methodologies, Recommendations and mutual evaluation process

Attn:  The Human Resources Department

While we thank all persons for their interest, only short-listed applicants will be contacted