Reporting Officer-St. Vincent

The Reporting Officer will provide administrative and technical support to the Regional Compliance Officer as it relates to AML/CFT Compliance. The incumbent will support the effective management of the Regional Group’s AML/CFT compliance portfolio.

Main Duties and Responsibilities:

• Be the local point of contact for the Regulator, the FIU and other competent authorities concerning money laundering, terrorist financing and related matters
• Update the Compliance Manual and Risk Assessment (in consultation with the Regional Compliance Officer) to ensure efficiency and effectiveness and to identify potential areas for improvement
• Maintain internal policies, procedures, controls and information systems in line with evolving compliance requirements
• Undertakes reviews (including testing) of compliance with internal AML/CFT policies, procedures, controls and information systems
• Monitor and report on compliance with the existing AML/CFT framework and the AML/CFT laws and regulations
• Monitor customer transactions and analyze and report suspicious activities
• Ensure that all suspicious activities are forwarded to the Financial Intelligence Unit (FIU) and/or any other competent authority within the prescribed timeline
• Be responsible for receiving and recording the receipt of the Internal Suspicious Activity Reports (ISARs) in the designated log
• Maintain records of all External Suspicious Activity Reports forwarded to the FIU
• Be responsible for investigating and gathering pertinent customer information and all other relevant documents in order to assess the validity of the suspicion
• Respond and maintain records of all enquiries made by the FIU and any other Law Enforcement Authority
• Prepare reports on AML/CFT and other Compliance related activities and submit to the Regional Compliance Officer on a monthly basis or as directed for submission to Senior Management or the Board of Directors
• Monitor, update and disseminate High Risk Jurisdiction Bulletin on the Financial Actions Task Force’s (FATF) and the Caribbean Financial Action Task Force (CFATF) lists of jurisdictions having deficiencies in their AML/CFT regime
• Monitor the United Nations Security Council List (UN1267); The Office of Foreign Assets & Control (OFAC List) and any other Order issued by the High Court of the respective jurisdiction against the customer database and report confirmed matches
• Report periodically to the FIU and/or any other competent authority on the existence of accounts established for facilitating the financing of terrorism and/or sanction listed customers
• Conduct reviews of customer files and other branch documents to assess branch adherence to AML/CFT and other Compliance related legislation, policies and procedures
• Assist with the development, co-ordination and training in Compliance related topics including refresher training for new and existing staff
• Perform remedial work on audit points directly under the control of Compliance to cure deficiencies identified and implemented where approved
• Any other relevant compliance project and/or duties

QUALIFICATION/EDUCATION:

• A Graduate Degree or equivalent professional qualification in AML/CFT Compliance, Law, Business, Finance, and/or law enforcement or related field
• AML/CFT Certification (ACAMS, FIBA or similar certification)

EXPERIENCE:

• At least 3 years working experience in an AML/CFT Compliance environment
• Experience in Banking / Financial Sector will be an asset

KNOWLEDGE, SKILLS AND ABILITY:

• An ability to communicate effectively both orally and in writing
• An ability to work effectively both individually and as part of a team
• Excellent organizational skills
• Excellent technical and computer literacy skills with proficiency in Microsoft Office
• Knowledge and understanding of compliance procedures would be a distinct advantage
• A sound familiarity and understanding of marketplace AML/CFT issues and AML/CFT legislation and compliance procedures would be a distinct advantage.
• A high degree of professional ethics and integrity
• A high level of professionalism, self-motivation and sense of urgency in performing job responsibilities