Compliance Officer Responsibilities Unveiled at Saint Lucia’s First Citizens Bank Limited

=====================================================

Job Summary

First Citizens Bank Limited (FCISL) is seeking a permanent full-time Compliance Officer to oversee its regional compliance programs and monitor systems, processes, and functions to prevent and detect breaches. The successful candidate will be responsible for investigating unusual activity, preparing Suspicious Activity Reports, and monitoring regulatory changes to update the bank’s compliance programs.

Key Responsibilities

• Conducting compliance reviews
• Internal self-assessments
• Online research to stay abreast of regulatory changes
• Providing training programs to increase staff awareness on regulatory compliance
• Assisting in reporting for FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard)

Reports and Stakeholders

The officer will prepare various reports for internal and external stakeholders, including:

• Financial Intelligence Authority of Saint Lucia
• Financial Intelligence Unit of Barbados
• Bank’s Board of Directors

Requirements

To be eligible for the role, candidates must possess:

• A degree in a business-related field
• Certification from ACAMS (Association of Certified Anti-Money Laundering Specialists) or FIBA (Fibonacci Association)
• At least three years of banking experience

Skills Required

Strong critical thinking, analytical, and problem-solving skills are also required.

Impact on the Bank

The Compliance Officer will play a crucial role in maintaining FCISL’s anti-money laundering and combating the financing of terrorism framework, ensuring the bank’s compliance with relevant legislation, regulations, and best practice standards.