Financial Crime World

Compliance Officer Responsibilities in British Virgin Islands: A Key Role in Establishing and Maintaining International Relations and Alliances

The British Virgin Islands is seeking a highly skilled Compliance Officer to strengthen its international ties and maintain a comprehensive compliance regime. This critical role plays a vital part in advising on technical and strategic recommendations for policy responses related to matters of international cooperation.

The Role

As a key member of the International Tax Authority (ITA), the successful applicant will be responsible for gathering and analyzing data to inform recommendations on issues such as:

  • Automatic exchange of information
  • Common reporting standards
  • Foreign account tax compliance act
  • Base erosion and profit sharing
  • The European Union Savings Directive

The Compliance Officer will also advise on policy responses to global economic, social, and other developments that impact the territory’s interests.

Key Responsibilities

Assisting in Assessing Existing Compliance Regime and Providing Recommendations for Policy Responses

Advising on Technical and Strategic Recommendations for International Cooperation Matters

Preparing Examination Programs and Supervising Compliance Examiners’ Work

Monitoring Collection of Registration and Filing Fees for Foreign Accounts Tax Compliance Act

Coordinating Research and Preparing Periodic Reports for Management

Collecting and Analyzing Data, Interpreting Findings, and Preparing Topics for Discussion and Decision-Making

Preparing Correspondence and Reports, and Assisting in Drafting Materials for Local and International Publication

Coordinating Monthly Reporting Processes

Providing Administrative Support to Management

Communicating with Local, Regional, and International Agencies

Qualifications and Skills

Education

  • Bachelor’s degree in International Affairs/Business, Economics, Social/Political Science, or related field

Experience

  • Three to five years of relevant experience

Essential Skills and Knowledge

  • Strong understanding of government structure, policies, and procedures
  • Knowledge of standard office equipment and computer applications
  • Good knowledge of applicable laws, regulations, and policies
  • Financial services industry in the Virgin Islands
  • Ability to analyze data, make sound decisions, and communicate effectively in writing and orally

About the Opportunity

If you’re a highly motivated individual with excellent analytical and decision-making skills, looking for a challenging role that will allow you to contribute to the effective function of the ITA, then this could be the opportunity for you. Apply now to take on this critical role and help establish and maintain international relations and alliances in the British Virgin Islands.