Financial Crime World

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Compliance Officers Play Crucial Role in Jamaica’s Financial Sector

As Jamaica continues to grow and develop its financial sector, compliance officers are playing an increasingly important role in ensuring that businesses operate within the boundaries of regulatory requirements.

Sagicor Group Jamaica Limited Seeks Compliance Officer

Sagicor Group Jamaica Limited is one such company that recognizes the importance of compliance officers. The company has announced a vacancy for a Compliance Officer to join their Enterprise Risk Management & Group Compliance team.

Key Responsibilities

As a Compliance Officer at Sagicor, the successful candidate will be responsible for:

  • Providing support in executing the group’s compliance program and ensuring that compliance risks are mitigated
  • Monitoring, identifying, analyzing, and reporting client transactions and activity to ensure compliance with regulatory and internal requirements
  • Performing risk-based analysis and evaluations of compliance-related matters referred to the department
  • Maintaining accurate records of all actions taken

Additional Responsibilities

The role also involves:

  • Investigating suspicious activity and medium/high-risk clients
  • Conducting daily monitoring of FATCA cases
  • Preparing and uploading reports to regulatory authorities
  • Aiding in the operational efficiency of the compliance program
  • Assisting management in conducting compliance testing of business units

Requirements

To be considered for this role, candidates must:

  • Have a bachelor’s degree in Business Administration, Banking & Finance, Accounting, or Law from a recognized tertiary institution
  • Have related professional certification such as ACAMS Certified Anti-Money Laundering Specialist, ICA Compliance Certification
  • Two years’ working experience in a banking or compliance-related function

Essential Skills and Qualities

Sagicor is seeking a candidate with:

  • Strong analytical and problem-solving skills
  • Ability to work independently and build partnerships with stakeholders
  • Knowledge of relevant laws and regulations relating to the Banking, Securities, and Insurance industries

Application Deadline and Instructions

The company has set a deadline of May 12, 2023, for applications to be submitted via their career portal. While they appreciate all applications, only shortlisted candidates will be contacted.

This role is an exciting opportunity for individuals looking to grow their careers in a stable and growing financial services company. If you’re interested in this role, don’t hesitate to apply today!