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Compliance Officer Responsibilities Take Center Stage in Dominican Republic

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In a move to bolster regulatory compliance, the Dominica Cooperative Societies League Ltd (DCSLL) has announced the creation of a Compliance Officer position. The newly created role will be responsible for maintaining an effective compliance risk management framework and regulatory compliance support within the organization.

Job Description

As the Compliance Officer, the successful candidate will lead the compliance and risk functions within DCSLL, monitoring and analyzing developing trends and changes in regulatory compliance, laws, rules, and regulations. The officer will advise the Board of Directors and Senior Management on new and impending statutory and regulatory requirements, conduct training sessions, and facilitate implementation of regulatory changes.

Responsibilities

Some key responsibilities of the Compliance Officer include:

  • Fostering a proactive culture of compliance within DCSLL
  • Advising management and the board on new and impending statutory and regulatory requirements
  • Monitoring and analyzing developing trends and changes in regulatory compliance
  • Conducting reviews of policies, procedures, and other materials for compliance
  • Ensuring compliance with national regulatory regulations, including the Money Laundering (Prevention) Act No. 8 of 2011, and others
  • Providing regular reporting to the Board of Directors and oversight committees

Experience and Qualifications

The ideal candidate will possess a minimum of a bachelor’s degree in Business, Accounting, Finance or a related field, as well as certification training in Anti-Money Laundering (e.g. ACAMS). The successful candidate should have at least three years of experience in compliance, auditing, risk management or banking.

About the Company

The Dominica Cooperative Societies League Ltd is the apex body for cooperatives in Dominica and has been in existence for over 65 years. With a rich history dating back to 1957, DCSLL is responsible for advocacy, training, strategic development, and marketing of its affiliates’ interests.

Contact Information

For more information on this exciting opportunity, please contact the Dominica Cooperative Societies League Ltd at +1 (767) 448-4051 or dculeague@cwdom.dm. You can also visit our website at http://www.dcsll.org.