Senior Manager, Risk and Compliance

Kris An Charles Investments Co. Ltd. has been Jamaica’s premier micro finance company since 1992 and operates twelve branches island-wide.

SENIOR MANAGER, RISK & COMPLIANCE

HEAD OFFICE

 Kris An Charles Investments Co. Ltd. has been Jamaica’s premier micro finance company since 1992 and operates twelve branches island-wide. We are recruiting a Senior Manager, Risk & Compliance who will be responsible for the development, execution and maintenance of an effective enterprise risk management (ERM) framework and for regulatory compliance. The Senior Manager, Risk & Compliance is the Nominated Officer of the Company and must be a person of high ethical and professional standards.

The incumbent will be tasked with planning, designing, implementing and monitoring the risk management processes and programmes, in particular, ensuring effective implementation of policies, procedures and controls to prevent and detect money laundering and terrorism financing in accordance with relevant laws and regulatory guidance. The incumbent must maintain current knowledge of relevant laws, frameworks and trends and provide guidance to the Company in the establishment of appropriate policies and procedures.

 Qualifications & Experience Required 

• At least three (3) years’ experience as a Risk & Compliance professional in a financial institution
• Masters Degree in Business Administration or equivalent qualification from a recognized tertiary institution
• CRMP, CAMS and other risk and compliance certification would be a distinct advantage
• LLB or being a qualified Attorney-at-Law would be an asset
• Strong knowledge of Microsoft Office including Word, Excel, PowerPoint and Outlook

 Key Responsibilities

• Designs, implements and maintains an effective ERM framework which includes identifying, assessing, controlling, monitoring and reporting on risks which may impact the Company’s performance and sustainability
• Develops, implements and maintains policy and procedures manuals for identification and management of money laundering and terrorism financing risks
• Ensures the existence and robustness of appropriate tools for the assessment and risk rating of new and existing customers
• Ensures the risk-rating of all potential and existing customers and application of enhanced due diligence procedures for all high-risk customers 
• Provides guidance to team members on the identification of suspicious transactions with reference to any advisories or guidance issued by the Financial Investigations Division
• Reports to the Financial Investigations Division all activities and transactions as required under relevant statutes and Bank of Jamaica Guidance Notes
• Acts as liaison between the Company and Bank of Jamaica and law enforcement and prepares reports to Bank of Jamaica as required regarding regulatory compliance matters
• Ensures that the Company conducts risk assessments and oversees those risk assessments to ensure that appropriate risk profiles are assigned and appropriate mechanisms are implemented and assessments are kept up-to-date and relevant
• Reports to the Board of Directors and senior management on the effectiveness of the ERM framework, the of money laundering and terrorism financing risks faced by the Company, legal and regulatory changes and the effectiveness of its AML/CFT programme
• In collaboration with the Human Resources Department, develops training material and ensures the training of all team members in the Company's AML/CFT policies and procedures

 Requisite Skills & Attributes

•  Integrity
• Highly ethical character
• Independence
• High degree of confidentiality
• Excellent risk assessment capabilities
• Ability to interpret relevant laws
• Ability to apply rules to real-life situations
• Keen attention to detail
• Excellent oral and written communication skills  
• Excellent planning, organizing & time management skills
• Good interpersonal skills
• Highly emotionally intelligent
• Technologically savvy