Financial Crime World

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Saint Lucia Compliance Officer Responsibilities: A Critical Role in Financial Services

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In Saint Lucia, the role of a Compliance Officer has become increasingly crucial in the financial services industry. As a key member of an Alternative Investment Fund Manager (AIFM), a Compliance Officer plays a vital part in ensuring that the organization adheres to regulatory requirements and maintains its reputation.

Responsibilities: A Daily Challenge

The Compliance Officer is responsible for providing support to the Conducting Officer, overseeing various compliance topics, including Anti-Money Laundering (AML) and Know Your Customer (KYC) matters, as well as compliance with Saint Lucia’s Financial Services Commission (FSC) obligations and reporting. The role demands a high level of attention to detail, as the officer is required to perform daily name screening, implement compliance processes, and promote awareness of regulatory principles and requirements.

Key Responsibilities

  • Implementing AML controls, such as daily name screening
  • Developing and maintaining compliance policies and guidelines
  • Conducting oversight functions delegated by the company
  • Drafting procedures and guidelines for implementing compliance policies
  • Reviewing KYC data of AIFM relationships
  • Supporting the completion of the Compliance Monitoring Programme
  • Maintaining compliance registers and logs
  • Escalating significant deficiencies and issues to management

Requirements: A Proven Track Record

To excel in this role, candidates should possess:

  • A Master’s or Bachelor’s degree in Law, Finance, or an equivalent field
  • Two to five years of professional experience in a Compliance-related function
  • A good understanding of Saint Lucia’s AML and AIF compliance laws
  • Proficiency in MS Office, particularly Excel

Career Advancement Opportunities

IQ-EQ, a leading Investor Services group, offers a dynamic work environment that supports career growth and professional development. With opportunities across its service lines and international network of offices, IQ-EG is committed to helping employees reach their full potential.

Apply Now

If you are a motivated compliance professional looking for new challenges, apply now to join IQ-EG’s team in Saint Lucia.