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Compliance Officer Responsibilities in St. Kitts and Nevis Take Center Stage

The recent job posting for a Chief Risk and Compliance Officer at St. Kitts-Nevis-Anguilla National Bank Ltd has shed light on the crucial responsibilities of compliance officers in the country.

Key Responsibilities

The position requires an individual with extensive experience in risk management and compliance to:

  • Design, develop, and manage the bank’s Enterprise Risk Management and Anti-Money Laundering & Counter-Financing of Terrorism and Proliferation program
  • Assess and mitigate risks related to enterprise and business exposure
  • Evaluate alignment with approved risk strategy and appetite
  • Monitor the risk and control environment to ensure exposures are kept at acceptable levels
  • Provide guidance on risk mitigation actions

Leadership and Communication

The Chief Risk and Compliance Officer will:

  • Lead and monitor the Risk and Compliance program
  • Report regularly to the Risk and Compliance Committee of the Board of Directors and CEO on the Risk and Compliance status
  • Develop and coordinate a multifaceted training program to ensure all employees are knowledgeable about pertinent legislative and regulatory standards
  • Coordinate with various departments within the group of companies on matters related to financial risk and operational risk management
  • Assist with regulatory and criminal investigations

Qualifications and Requirements

The ideal candidate for this position should:

  • Have a minimum of 10 years of experience in the financial services environment, particularly in risk management and compliance
  • Hold a bachelor’s degree in banking, finance or related field
  • Possess ACAMS and FRM or similar qualifications (an asset)
  • Demonstrate excellent communication skills, strong problem-solving abilities, and exceptional leadership skills

Conclusion

The role of a Chief Risk and Compliance Officer in St. Kitts and Nevis is crucial to ensuring the integrity and stability of the financial system. The successful candidate will play a vital role in maintaining compliance with legislative and regulatory mandates, as well as identifying and mitigating risks related to enterprise and business exposure.