Senior Compliance Officer

Senior Compliance Officer

Location:                     Port of Spain

Salary:                        TT$12,000 (negotiable)

Industry:                     Banking/Financial

Terms:                        One (1) year contract

Candidates must possess at minimum a Bachelor’s degree in Law, Management, Finance or Business Administration from a reputable University

Reports to: Corporate Secretary & Senior Manager Legal and Compliance

Duties and Responsibilities:

• Manage, monitor, report and implement systems and procedures to ensure the bank’s compliance with the Foreign Account Tax Compliance Act (FATCA), Common Reporting Standards (CRS), the Procurement legislation and the regulatory framework as laid out by the Central Bank of Trinidad and Tobago and the Financial Intelligence Unit (FIU).
• Collaborate with and provide guidance and act as a resource to the Information and Communications Technology Department, Credit Department, Marketing Department, Internal Audit and any department that requests support to ensure compliance with the respective legislation and guidelines.
• Report to the Audit Committee and the Board of Directors, as required, on the bank’s compliance framework which includes its deficiencies and all incidents of non-compliance with the requirements of the regulatory and compliance framework of the banking, financial and insurance services sector.
• Monitor and manage the compliance risks associated with the bank’s new and existing business activities.
• Manage the use and integrity of the World Check license and software.
• Develop and implement training programmes for Regulatory Compliance.
• Identify compliance deficiencies/breaches and liaise with the relevant Officers, to ensure that measures are put in place to correct and avoid re-occurrence.
• Prepare and file various compliance documents on an on-going basis, with Regulators.
• Conduct Regulatory Compliance assessments which includes a self-assessment of the bank’s compliance regime.
• Prepare Management and Board reports.
• Prepare the KRI (Key Risk Indicator), Deficiency or any other Compliance related Reports for the bank.
• Liaises with regulators and Internal Audit to resolve Regulatory compliance issues.
• Prepare and submit SAR (Suspicious Activity Reports), STRs (Suspicious Transaction Reports) and Memos to the FIU on behalf of the bank.
• Assigned representative as the Compliance Officer for the bank on all Regulatory matters including FATCA/CRS.

Qualifications:

• Candidates must possess at minimum a Bachelor’s degree in Law, Management, Finance or Business Administration from a reputable University
• ACAMS Certified Anti-Money Laundering Specialist qualification
• A Master’s degree in a relevant field would be an asset.
• Minimum of five (5) years progressive experience in a financial institution in a legal and/or compliance or financial environment at least three (3) of which must be at the Supervisory Level. 
• Working knowledge of relevant legal and regulatory requirements for a banking environment.
• Strong problem solving, evaluation, and analytical skills.
• Proficiency in Microsoft Office Suite.

Knowledge, Skills, and Abilities:

• Knowledge of the Laws, Regulatory Compliance framework of Trinidad and Tobago
• Excellent Analytical Skills
• Excellent written and verbal communication and interpersonal skills; ability to quickly build rapport in order to engage team members and gain support of peers.
• Extensive ability to use communication skills for reinforcing strategic directions and setting standards of work.
• Ability to maintain effective working relationships with employees, managers, Board of Directors and Government Officials
• Strong negotiation skills.

Leadership:

• Strong decision-making skills, evidence of decision-making ability under pressure
• Extensive team working and relationship building skills with ability to quickly engage relevant resources.
• Use of professional and ethical approach during day-to-day management
• Ability to pursue corporate values and lead by example.