Senior Risk and Compliance Officer

Senior Risk and Compliance Officer

CAREER OPPORTUNITY 

SENIOR RISK & COMPLIANCE OFFICER

Position Description:

The National Commercial Bank of Anguilla Ltd (NCBA), the leading financial institution in Anguilla, invites applications from suitably qualified and experienced professionals for the position of Senior Risk and Compliance Officer.  This middle-management role has responsibility for the oversight of the Bank’s risk management, compliance and regulatory frameworks. As a key contributor within the Risk and Compliance function, the successful candidate will work closely with teams across the organisation to ensure NCBA maintains a strong and effective control environment and remains resilient in an evolving regulatory landscape.

The Senior Risk and Compliance Officer reports directly to the Chief Risk Officer.
This is a full-time, on-site position based in Anguilla.

Key Accountabilities Include but are not limited to:

1. Identifying and evaluating the Bank’s regulatory and compliance risks and contributing to the execution of comprehensive risk assessments.
2. Planning and conducting risk reviews of significant business areas (including Credit, Market, Operational Investments, Capital Adequacy, Liquidity and Earnings) to:
   1. identify and assess potential risks and issues;
   2. evaluate the adequacy and effectiveness of internal controls;
   3. identify control gaps and recommend practical mitigation strategies.
   4. Performing follow-up reviews to ensure risk mitigation plans are implemented, corrective actions address root causes, and control improvements are effective.
   5. Ensuring effective escalation and reporting of breaches, incidents, and emerging risks.
   6. Overseeing enterprise-wide stress-testing frameworks and assessing the impact of stress scenarios on capital, liquidity, earnings and risk appetite.
   7. Supporting the development, implementation and oversight of the Bank’s Fraud Risk Management Programme.
   8. Collaborating across departments to develop, review and update policies and procedures and ensuring they are embedded into daily business operations.
   9. Overseeing compliance with banking laws, prudential regulations, supervisory expectations on consumer protection, and ensuring regulatory reporting is accurate and timely.
   10. Monitoring regulatory developments and assessing their impact on the Bank.
   11. Supporting regulatory examinations, audits and information requests.

The ideal candidate must possess the following qualifications and background:

1. A Bachelor’s degree in Accounting, Finance, Economics, Risk Management or a related field.
2. Professional certification in Risk Management, Compliance, Internal Auditing and/or Accounting including FRM, IRMCert, CIA, CPA, ACCA.
3. Minimum of five (5) years’ of full-time experience in banking, financial regulation and/or auditing.
4. Prior experience working with a Big4 Auditing firm would be an asset.
5. A graduate degree in Banking, Finance, Risk Management or a related field and/or additional professional certifications may substitute for one year of required experience.
6. Comprehensive knowledge of financial services, risk management and compliance practices within the banking sector.
7. Strong Analytical Skills to identify risks and recommend effective solutions
8. Familiarity with relevant laws and regulations applicable to the financial and banking industry
9. Proven ability to work independently and collaboratively with multidisciplinary teams
10. Strong problem-solving abilities and attention to detail.