Financial Crime World

Compliance Officer Job Opening in St. Lucia

A leading finance institution in the Caribbean region with offices in most countries is seeking to appoint a proven Compliance Officer based in St. Lucia. The successful candidate will provide regulatory advice and practical perspectives on how laws and regulations translate into operational requirements, promoting compliance literacy for offices in St. Lucia.

Key Responsibilities

The Compliance Officer will be responsible for:

  • Supervising Adherence to the Annual Compliance Programme:
    • Ensuring compliance plans/ reviews are completed in a timely manner
    • Identifying risks and/or breaches in internal policies or local regulations
    • Making recommendations for resolutions
  • Staying Up-to-Date with Regulatory Changes:
    • Keeping abreast of local, regional, and international trends, typologies, best practices, and legislative changes that may impact the Compliance Programme
    • Communicating changes to staff as necessary
  • Reviewing and Updating Compliance Documents:
    • Reviewing and updating the Compliance Department’s internal procedural manual and AML/ CFT policy and procedures
    • Coordinating the revision of operational policies and procedures where regulatory changes are required or as necessary

Additional Responsibilities

The Compliance Officer will also be responsible for:

  • Participating in Product Development:
    • Assessing potential compliance risks and providing opinions on product development
  • Conducting Compliance Assessments and Reporting:
    • Conducting compliance assessments, recording findings, and providing written reports to the Compliance Manager as appropriate
  • Developing Training Programs and Reviewing Processes:
    • Developing training programs to mitigate compliance risks
    • Reviewing processes and tools developed by the Compliance Department for use by staff
  • Maintaining Organized Compliance Files and Monitoring Activities:
    • Maintaining organized compliance files
    • Monitoring wire transfer activity for AML/ CFT purposes
    • Monitoring adverse media reports

Requirements

To be considered for this role, candidates must meet the following requirements:

  • 3 years’ relevant experience within financial services, accounting, legal or a related environment
  • Bachelor’s degree in Accounting, Finance, Banking or related area
  • International Diploma in Compliance or professional Compliance qualification an asset
  • Knowledge of Central Bank and ECCB regulatory framework
  • Strong background in Compliance and Anti-money Laundering
  • Ability to work independently, assimilate information from various sources, and prioritize workload

The ideal candidate will possess:

  • Strong interpersonal skills
  • Analytical skills
  • Problem-solving skills
  • The ability to work under pressure
  • Experience with Microsoft Windows and Office Software is required

This position offers a unique opportunity for a Compliance Officer to add value to the compliance team in St. Lucia.