Manager Compliance

Are you a detail-oriented leader with a passion for regulatory adherence and risk mitigation? In this role, you will lead compliance monitoring, risk assessments, and policy implementation, while driving continuous improvement in governance practices across the organization.

About Guardian Life of the Caribbean Limited

Guardian Life of the Caribbean Limited leads the charge in Life, Health, and Pension solutions throughout the Caribbean Region. Our unwavering mission is to cultivate financial freedom for our stakeholders through transformative interactions, fuelled by the relentless power of technology. With innovation at our core, we strive to redefine the landscape of financial services, empowering individuals, and businesses alike to pursue their dreams with confidence and security.

JOB RESPONSIBILITIES:
1.    To manage and maintain a risk based AML/CFT compliance programme as required under Section 55C of the Proceeds of Crime Act 2000, as amended, and Regulation 7(1) of the Financial Obligations Regulations 2010; which should also incorporate the applicable provisions of the Anti -Terrorism Act 2005, as amended, as well as Guidelines issued by Regulatory Agencies. The organization’s AML/CFT programme documents the policies, procedures and controls that the organization has in place to ensure compliance with the AML/CFT legal framework and reflect the intent of the legislation, regulations, guidelines and current best practice. The programme is to be kept relevant and up to date with legislation, based on the risks of the organization, audit and review outcomes and as new or improved policies, procedures and controls are developed and implemented. This includes the completion of periodic company, product and customer risk assessments to support the programme, policies, procedures and controls.

2.    To manage and maintain risk based AML/CFT compliance programmes for the overseas territories in which the organisation operates. Programmes are to be reviewed in accordance with the organisation review policies and kept updated in line with legislation and current practices.

3.    To manage the delivery of the organization’s AML/CFT/PF compliance, monitoring and investigating function including:
a.    Facilitating and/or conducting of daily, quarterly and periodic transaction monitoring reviews and investigating of potentially suspicious activity 
b.    Determining whether transaction or activities are potentially suspicious and reporting such to the FIU. This includes the documenting of findings, risks and actions taken and maintaining records and registers.  
c.    Receiving internal suspicious activity reports and conducting of investigations to identify and document findings, risks and using independent judgement in areas being reviewed to determine whether these should be reported to the FIU.   
d.    Ensure the maintenance of the PEP register, facilitating PEP screening and remediation and managing PEP controls.
e.    Ensure the maintenance of the registers of enquiries, internal suspicious activity reports, reported suspicious activity and various training registers. 
f.    Facilitating and/or conducting of annual and periodic Retrospective due diligence in accordance with the AML/CFT Compliance Programme by issuing correspondence to relevant customers. 
g.    Provide advice and support to departments whose operational procedures and practices are impacted by and impacts the AML/CFT framework.
h.    Facilitate sanction screening and remediation of potential matches

4.    To analyze regulatory changes and the impact of such generally on the organization’s compliance and risk framework and to maintain a regulatory compliance reporting template that incorporates the regulatory obligations of the organization.

5.    To ensure policies, procedures, systems and controls remain effective and relevant by facilitating and/or conducting of monthly, annual, periodic and ongoing reviews, locally and overseas, of:
a.    the AML/CFT/PF processes, systems and controls to monitor and evaluate adherence to documented policies. To recommend improvements to processes to ensure adherence to legislations and best practice.
b.    Compliance and regulatory reports to identify regulatory gaps, non-compliance issues, breaches and weaknesses, to assess the resulting impact and make recommendations accordingly and follow up on resolution of issues.

6.    To manage and administer AML/CFT/PF Compliance Training function which includes:
a.    Conducting annual and periodic reviews and updates of new agents training material 
b.    Facilitating and managing the enrolment of new agents to AML/CFT training 
c.    Monitoring and encouraging new agents completion of training
d.    Supporting the Group Head, Compliance in the monitoring of new staff training and director training and ensuring completion 
e.    Assist the Group Head, Compliance in facilitating annual refresher training to all staff 
f.    Monitoring and encouraging employee completion of annual refresher training 
g.    Maintaining a training plan to ensure all staff, agents and directors are trained annually 
h.    Maintaining the appropriate registers and records to evidence trainings having been completed

7.    To prepare and to facilitate reports, reviews, recommendations and questionnaires including:
a.    The monthly AML report
b.    The quarterly Compliance and AML/CFT Board reports for the Risk and Compliance Committee and Audit Committee of the Board of Directors. 
c.    Quarterly and semi-annual terrorist reports for the FIU and relevant overseas authorities
d.    Annual and periodic reports and questionnaires for the Central Bank, Barbados FSC and other supervisory authorities
e.    Annual and periodic internal, external and regulatory audit reviews

8.    To facilitate and assist in managing and maintaining updated and appropriate Compliance related policies, and procedures, including Group Employment Policy (as relates to training and suitability of documents), Fraud Policy, Complaint Policy and other related policies.

9.    To assign and supervise the work of the Compliance Analyst to ensure the Compliance function is managed and administered effectively.

10.    To represent the organization in the Compliance function in engagement projects with other departments, stakeholders, supervisory and regulatory authorities. To work with management to build an effective and integrated compliance team and develop and maintain productive client, staff and external supervisory relationships.  

11.    To act as one of the organization’s persons of contact for FATCA reporting, to assist and facilitate annual FATCA reporting and to notify FATCA reportable persons on an annual basis.

12.    To act as the Data protection liaison for the organization and to be the primary liaison with the Group Data protection Officer in all matters under data protection and relevant the Data Protection Acts.  

13.    People Management:
a.    Lead, motivate, inspire and encourage employees through effective performance management – setting of clear goals and objectives and to ensure that performance assessments are completed and submitted on time and accurately.
b.    Ensuring that performance gaps are closed through relevant training, monitoring work performance through continuous performance discussions, coaching and timely completion of appraisals. Devise ways to optimize procedures and keep staff motivated.
c.    Leave Management and Preparation of Enrolment Forms for approval in accordance with established procedures. Ensure equitable distribution of work which includes when any staff is on leave.
d.    Motivate and direct employees to optimize productivity and promote professional growth.
e.    Improve staff work processes: determine if inefficiencies exist and find solutions, develop and implement monitoring tools.
f.    When required conduct interviews or assist with headhunting for appropriate staff.

14.    Any other duties assigned by the Group President – Life Health and Pensions.
                        
EDUCATION & EXPERIENCE:
•    Bachelor Degree from an accredited university in economics, law, accounting or management
•    A Professional qualification such as Compliance Professional Certification (ACAMS) or Association of Chartered Certified Accountant (ACCA).
•    At least 5 years relevant experience in the financial services industry; auditing, compliance, legal, finance, risk, etc.  
•    At least 3 years relevant experience in one or more of the following: compliance monitoring, audit reviews/investigating, risk management, business analysis, law.
•    At least 3 years’ experience managing people

ADDITIONAL REQUIREMENT:
As a regulated entity with obligations under the Know Your Employee guidelines, a Certificate of Character is required.

 

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