Financial Crime World

Here is the rewritten article in markdown format:

Compliance Officer Responsibilities in Trinidad and Tobago

The Financial Intelligence Unit (FIU) of Trinidad and Tobago has outlined key responsibilities for its Compliance and Outreach Division, particularly for the Contractual Position of Compliance and Outreach Officer.

Primary Duties

The officer’s primary duties involve monitoring supervised entities to ensure compliance with Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) laws, regulations, and guidelines. They will also implement necessary measures to secure compliance in accordance with established policies and assist in implementing measures for registration and submission of Compliance Programmes and other obligations.

Key Responsibilities

The officer will report directly to the Supervisor, Compliance and Outreach, and is responsible for a range of critical tasks, including:

  • Communicating AML/CFT Policies: Communicate AML/CFT policies to supervised entities to deter and detect money laundering and terrorist financing.
  • Outreach and Awareness Training: Conduct outreach and awareness training to Supervised Entities and other stakeholders to inform, clarify, and update on AML/CFT obligations.
  • AML/CFT Programmes: Assist in the creation, development, and implementation of AML/CFT training programmes and communication strategies.
  • Compliance Programme Examinations: Examine and recommend compliance programmes submitted by supervised entities for approval.
  • Compliance Officer Appointments: Assess and grant approval for the appointment of Compliance Officers.
  • Onsite Examinations: Conduct compliance examinations on Supervised Entities, including onsite examinations in accordance with FIU policies.
  • Reporting: Produce comprehensive reports on compliance activities.

Additional Responsibilities

The officer must also maintain effective communication channels with reporting entities and other stakeholders, produce information for public release relating to the education and prevention of money laundering and terrorist financing, and comply with security and confidentiality laws and regulations.

Requirements

To be successful in this role, the Compliance and Outreach Officer should possess strong knowledge and skills, including:

  • Proficiency in Microsoft Office Suite
  • Excellent Communication Skills
  • Leadership Abilities
  • Writing Skills
  • Honesty and Integrity

The ideal candidate will hold a Bachelor’s degree or equivalent from a recognized institution in Management Studies, Finance, Law, Economics, or a Social Science Discipline, with at least two years’ experience working in compliance in a regulatory organization or the private sector.

Job Opportunity

The FIU is seeking a highly skilled and experienced professional to fill this critical role, which plays a vital part in ensuring the integrity of Trinidad and Tobago’s financial system.