SENIOR ANALYST, ANTI -MONEY LAUNDERING

SENIOR ANALYST, ANTI -MONEY LAUNDERING

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 Analyst, Anti-Money Laundering (Contract).

Position Summary:

Reporting to the AML Compliance Manager of the Anti-Money Laundering (AML) Unit, the Senior AML Analyst is responsible for ensuring timely examinations and monitoring of the FSC’s licensees’ and registrants’ compliance with applicable law and FSC guidelines regarding anti-money laundering efforts and combatting the financing of terrorism (CFT). In this respect, the Senior AML Analyst is required to effectively monitor, analyze and detect breaches in the FSC licensees’ and registrants’ AML processes and escalate any red flags/issues to the AML Compliance Manager as required.

Key Responsibilities:

• Develop and maintain risk-based models and execute ongoing monitoring of the financial transactions and operations of the FSC’s licensees and registrants.
• Ensure proper investigation and assessment of alerts for potential money laundering and terrorist financing.
• Plan and prepare technical reports, memoranda and procedures in order to document the monitoring program development.
• Ensure efficient identification and monitoring of suspicious activities.
• Ensure timely and efficient reporting of suspicious activities to the AML Compliance Manager
• Maintain the methodology and training program to enhance the understanding of money laundering and terrorist financing issues including policies, procedures, guidelines, industry best practices, typologies and emerging trends.
• Assist with money laundering and terrorist financing requests and queries.
• Monitor and make recommendations regarding money laundering prevention guidelines and guidelines to combat the financing of terrorism and proliferation.
• Prepare reports to the AML Compliance Manager regarding AML and CFT assessments, including risk analyses, findings and recommendations for remedial action, as required.
• Ensure proper record-keeping of all investigation and assessment reports and related documentation.

Education, Knowledge and Skills:

• A minimum of three (3) years investigative/AML experience at a supervisory level
• Post Graduate Degree or equivalent professional qualification in business, criminal justice, finance, law, accounting or related field
• AML/CFT Certification
• Certification in a professional association such as the Association of Certified Money Laundering Specialists (ACAMS) would be an asset
• Sound knowledge of Jamaican AML and CFT laws, risks and controls
• General understanding of marketplace AML/CFT issues and AML/CFT suspicious activity monitoring systems, data mining/analytical tools, and KYC systems and tools