Financial Crime World

Compliance Officer Job Opening at St. Lucia Teachers’ Credit Co-operative Ltd.

The St. Lucia Teachers’ Credit Co-operative Ltd. is seeking a highly qualified and experienced Compliance Officer to join its team at the Castries branch. The successful candidate will play a critical role in ensuring that the organization adheres to all relevant regulations and maintains high ethical standards.

Responsibilities

As a Compliance Officer, you will be responsible for:

  • Preparing monthly and quarterly compliance reports for the General Manager and Board of Directors
  • Organizing annual training sessions for management, staff, board members, and committee members on anti-money laundering (AML) and combating the financing of terrorism (CFT)
  • Conducting regular internal AML audits and facilitating independent audits to ensure compliance with regulations
  • Reviewing completed ISAR and DSOF forms for accuracy and completeness
  • Serving as a liaison with regulatory bodies, reporting suspicious transactions and submitting relevant reports
  • Reviewing new membership files to ensure compliance and accuracy
  • Maintaining accurate records of all AML/CFT/CPF documentation and files
  • Developing procedures to promote high ethical standards among employees
  • Modifying the AML/CFT/CPF program as necessary in response to changing regulations, emerging risks, or international best practices
  • Monitoring client activity by reviewing daily reports
  • Responding to external stakeholders’ queries related to AML/CFT/CPF matters
  • Ensuring that the organization’s AML/CFT/CPF policy is renewed annually
  • Participating in compliance forums as required

Requirements

To be considered for this exciting opportunity, you should have:

  • A Bachelor’s degree in Business, Finance, or a related field with at least 3 years of experience in a similar role
  • International specialization or certification in AML (e.g., ACAMS) would be an asset
  • Familiarity with regulations governing credit unions and financial organizations would be advantageous

How to Apply

If you are interested in this Compliance Officer position, please submit your:

  • Curriculum vitae
  • Cover letter
  • Certified copies of certificates
  • Two recent references

to vacancy@sltccu.com by Tuesday, November 14th, 2023. Only suitable candidates will be considered for this opportunity.