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Compliance Officer Responsibilities in British Virgin Islands

The British Virgin Islands, a popular offshore financial center, requires compliance officers to possess specific skills and knowledge to ensure adherence to anti-money laundering legislation and regulatory requirements. In this article, we will outline the key responsibilities of a compliance officer in the BVI.

Job Requirements

According to recent job postings, a minimum of five years’ experience in the compliance field is required, including working knowledge of:

  • Risk management
  • Governance
  • Controls

A Compliance Professional qualification and training (ICA or related designation) are also essential. The ideal candidate should have in-depth knowledge of:

  • BVI Anti-Money Laundering Legislation
  • Regulatory requirements
  • BVI Companies Act and corporate requirements

Key Skills

A compliance officer in the BVI must demonstrate:

  • Strong relationship-building skills with the ability to influence stakeholders positively
  • Process design and analysis skills
  • Above-average technical and professional writing abilities
  • Conducting audits, regulatory examinations/inspections, and interviewing skills
  • Emotional intelligence and research, analysis, and judgement skills

Application Process

The application deadline for compliance officer positions in the BVI is typically June 15th of each year. Interested candidates should submit their applications to:

  • ICAZA, GONZALEZ- RUIZ & ALEMAN (BVI) TRUST LIMITED at PO Box 873, Road Town, Tortola VG1110, British Virgin Islands
  • or via email at lizb@icazalaw.com

Recent Job Openings

Several recent job postings highlight the need for skilled compliance officers in the BVI. These include positions such as:

  • Compliance Officer/MLRO
  • Compliance Manager and Money Laundering Reporting Officer
  • Compliance Officer and Money Laundering Reporting Officer
  • Analysis Assistant
  • COMPLIANCE OPPORTUNITY ALERT: COMPLIANCE MANAGERS & ASSISTANTS

Conclusion

In conclusion, compliance officers in the British Virgin Islands must possess a unique combination of skills, knowledge, and experience to ensure effective compliance with anti-money laundering legislation and regulatory requirements. With the right qualifications and training, these professionals play a critical role in maintaining the integrity of the financial sector in this offshore financial center.