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Compliance Officer Responsibilities at Dominica Cooperative Societies League Ltd

Dominica Cooperative Societies League Ltd, a leading cooperative organization in Dominica, seeks to fill the position of Compliance Officer. The successful candidate will be responsible for maintaining an effective compliance risk management framework and regulatory compliance support within the organization.

Responsibilities

The Compliance Officer will:

  • Foster a proactive culture of compliance by advising Management and the Board of Directors on new and impending statutory and regulatory requirements
  • Monitor and analyze developing trends and changes in regulatory compliance, laws, rules, and regulations, and advise Management on their operational impact
  • Facilitate the implementation of regulatory changes
  • Conduct reviews of policies, procedures, and other materials for compliance, and provide recommendations for necessary changes

The Compliance Officer must ensure compliance with all national regulatory regulations, including: + Money Laundering (Prevention) Act No. 8 of 2011 + Money Laundering (Prevention) Regulations SRO 4 of 2013 + Suppression of Financing of Terrorism Act No. 3 of 2003 + Others

Additional responsibilities include:

  • Providing regular reporting to the Board of Directors and oversight committees
  • Working with Human Resources to develop an effective compliance training program
  • Conducting routine compliance testing and monitoring
  • Supporting Management in promoting a culture of risk awareness, identification, and management
  • Ensuring each internal/external risk is identified, assessed, reported, and monitored

Requirements

The ideal candidate will:

  • Hold a minimum of a bachelor’s degree in Business, Accounting, Finance or a related field
  • Have certification in Anti-Money Laundering (e.g. ACAMS)
  • Have at least three years of experience in compliance, auditing, risk management, or banking

Additional requirements include knowledge of: + Co-operative Societies Act and Regulations + Money Laundering (Prevention) Act and Regulations + Proceeds of Crime Act and Regulation + FATCA + All other applicable laws and regulations

The ideal candidate should also possess:

  • Strong analytical and problem-solving skills
  • Excellent multi-tasking ability
  • High-level organizational skills
  • Ability to communicate effectively through written and oral channels

If you are a motivated professional looking for a challenging role in compliance, please submit your application to Dominica Cooperative Societies League Ltd at dculeague@cwdom.dm or visit our website at www.dcsll.org.