Financial Crime World

Compliance Officer Job Description in Saint Lucia

A leading finance institution with operations in the Caribbean region, including Saint Lucia, is seeking a Compliance Officer to join its team. The successful candidate will provide regulatory advice and support the compliance team in promoting compliance literacy across offices in St. Lucia.

Responsibilities

Key Responsibilities

  • Supervise adherence to the Annual Compliance Programme, ensuring compliance plans are completed on time and identifying risks and breaches in internal policies or local regulations.
  • Stay up-to-date with local, regional, and international trends, typologies, best practices, and legislative changes affecting the Compliance Programme, and communicate changes to staff as necessary.
  • Review and update internal procedural manuals and anti-money laundering (AML)/combating the financing of terrorism (CFT) policies and procedures.

Other Duties

  • Participate in product development by assessing compliance risks and providing opinions.
  • Conduct compliance assessments, recording findings, and providing written reports as required.
  • Review file reviews based on predefined risk-based rules and offer constructive feedback to managers.
  • Develop training programs to mitigate compliance risks and review processes and tools developed by the Compliance Department.
  • Maintain organized compliance files, monitor wire transfer activity, and process unusual activity reports.

Requirements

Education

  • Bachelor’s degree in Accounting, Finance, Banking, or a related area.

Experience

  • At least three years of relevant experience in financial services, accounting, law, or a related field.

Certifications

  • International Diploma in Compliance or professional Compliance qualification desirable.

Knowledge and Skills

  • Knowledge of Central Bank and Eastern Caribbean Central Bank regulatory framework required.
  • Strong background in Compliance and Anti-money Laundering.

Personal Attributes

Essential Personal Qualities

  • Proven adaptability, initiative, and ability to work under pressure.
  • Team player skills, problem-solving skills, strong analytical skills, and ability to assimilate information from various sources.
  • Innovative, results-oriented, and able to work independently with excellent time management capabilities.
  • Strong IT skills and ability to use Microsoft Windows and Office software.

Ideal Candidate

The ideal candidate will have a keen eye for detail, be able to plan and prioritize their own workload, and demonstrate confidentiality and respect in all interactions.