St. Kitts and Nevis: Banks Eye Compliance Risk Management as Key Concern in Financial Sector

As the financial sector continues to evolve, banks in St. Kitts and Nevis are paying increasing attention to compliance risk management as a critical component of their operations.

Seeking Chief Risk and Compliance Officer

To address this concern, St. Kitts-Nevis-Anguilla National Bank Ltd. is seeking a Chief Risk and Compliance Officer to lead its Enterprise Risk Management and Anti-Money Laundering & Counter-Financing of Terrorism and Proliferation program from both a strategic and administrative perspective.

Key Responsibilities

The successful candidate will be responsible for:

Assessing and mitigating risk related to enterprise and business exposure
Evaluating alignment with approved risk strategy and appetite
Continuously monitoring the risk and control environment to ensure that exposures are kept at acceptable levels
Leading and monitoring the Risk and Compliance program
Reporting regularly to the Risk and Compliance Committee of the Board of Directors and CEO
Developing a multifaceted training program for employees and management

Ideal Candidate Profile

The ideal candidate will possess:

Minimum 10 years of experience in the financial services environment related to banking and/or insurance
At least 5 years in a senior management role
Bachelor’s Degree in Banking, Finance or a related field
Certifications such as ACAMS and FRM or similar qualifications

Essential Skills and Qualities

The Chief Risk and Compliance Officer must have:

Excellent communication skills
Strong professionalism
Ability to work effectively under pressure
High degree of business acumen
Strong problem-solving skills
Ability to perform within a fast-paced environment

Application Process

Only shortlisted candidates will be contacted for this critical role, which is expected to play a vital part in ensuring the compliance risk management framework of St. Kitts-Nevis-Anguilla National Bank Ltd. remains robust and effective.