Financial Crime World

Compliance Officer Roles and Responsibilities in US Virgin Islands

Overview

The Compliance Officer is a crucial position within the government of the United States Virgin Islands, responsible for investigating consumer complaints regarding unfair business practices. This role requires a unique blend of analytical skills, attention to detail, and effective communication.

Key Responsibilities

  • Investigating Complaints: Investigate complaints regarding unethical business practices, defective appliances, quality of food products, utility services, and other issues within the agency’s jurisdiction.
  • Data Collection: Visit commercial establishments to gather data related to consumer complaints.
  • Information Gathering: Collect information from consumers and businesses, prepare statistical and other reports, and analyze data for price studies and economic research.
  • Presenting Evidence: Present evidence at arbitration proceedings based on investigation findings.
  • Citation Recommendations: Recommend citations to institutions or individuals found non-compliant with V.I. Code regulations.
  • Expert Testimony: Provide expert testimony at hearings and judicial proceedings.
  • Public Information: Furnish information on consumer protection to the general public.
  • Inspections and Reporting: Conduct inspections, write final reports, and follow up on cases.

Eligibility Requirements

To be eligible for this role, candidates must possess:

  • A degree in Business Administration, Economics, or a related field
  • Equivalent experience in investigative work involving fact compilation and analysis, with frequent public contact (or)
  • Six years of progressively responsible investigative experience in a related field

Ideal Candidate Profile

The ideal candidate will demonstrate:

  • Considerable knowledge of consumer protective legislation and the rules enforced by the agency.
  • Familiarity with business practices and language.
  • Ability to conduct investigations impartially and enforce laws, rules, and regulations.
  • Skill in compiling and analyzing information, preparing detailed reports, and establishing effective working relationships with stakeholders.

Conclusion

In this critical role, the Compliance Officer plays a vital part in protecting consumers and upholding fair business practices within the US Virgin Islands.