Financial Crime World

Compliance Officer Job Description in Saint Lucia: First Citizens Bank Limited Seeks Suitable Candidate

First Citizens Bank Limited, a prominent financial institution based in Castries, Saint Lucia, has announced an opening for a Compliance Officer position. The successful candidate will be responsible for ensuring that the bank’s regional compliance programs (AML and regulatory) are properly maintained and executed.

Job Summary

The Compliance Officer will investigate unusual or suspicious activity referred by branches or units to detect potential money laundering and terrorist financing activities. Additionally, they will prepare Suspicious Activity Reports (SARs) for transmission to relevant authorities, including the Financial Intelligence Authority of Saint Lucia and the Financial Intelligence Unit of Barbados.

Key Responsibilities

  • Monitor regulatory changes and update compliance programs accordingly
  • Ensure timely submission of compliance information and data by business units, branches, and subsidiaries
  • Prepare various reports, including monthly, quarterly, and annual reports for internal and external stakeholders
  • Conduct compliance reviews and internal self-assessments to ensure full compliance with regulatory requirements and policy documents
  • Make recommendations to minimize compliance risks associated with business activities
  • Conduct online research to stay abreast of regulatory changes

Requirements

To be considered for this role, the ideal candidate should possess:

  • A degree in a business-related field
  • Certification from organizations such as ACAMS or FIBA
  • At least three years of banking experience
  • Strong critical thinking, analytical, and problem-solving skills
  • Knowledge of Microsoft Office Suite, the bank’s operating software systems, products, and services
  • Familiarity with anti-money laundering and combating the financing of terrorism regulations

Preferred Qualities

  • Ability to work independently and exercise sound judgment
  • Excellent communication and interpersonal skills

How to Apply

If you are a motivated and detail-oriented individual looking for a challenging role in compliance, please submit your application to First Citizens Bank Limited.