Reporting Officer

Provide support to the Compliance Officer in the implementation, monitoring, and continuous improvement of Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policies, procedures, and controls, ensuring compliance with regulatory requirements, internal standards, and applicable legislation while mitigating compliance risks, penalties, and sanctions.

• Degree or equivalent professional qualification in AML/CFT Compliance, Law, Finance, Business Administration and/or Law Enforcement, or related field

• AML / CFT Certification (ACAMS, FIBA or similar certification)

• At least three (3) years’ working experience in an AML / CFT compliance environment

• Experience in Banking / Financial Sector will be an asset

• An ability to communicate effectively both orally and in writing

• Excellent technical and computer literacy skills with proficiency in Microsoft Office

• Knowledge and understanding of compliance procedures would be a distinct advantage

• A sound familiarity and understanding of marketplace AML / CFT issues, AML /CFT legislation and compliance procedures would be a distinct advantage

• A high degree of professional ethics and integrity

• A high level of professionalism, self-motivation, and sense of urgency in performing job responsibilities
  
  
  

• Update the Compliance Manual and Risk Assessment (in consultation with the Compliance Officer) to ensure efficiency and effectiveness and identify potential areas for improvement.

• Ensure that changes to the manual are implemented and monitored. Maintain internal policies, procedures, controls and information systems in line with evolving compliance requirements.

• Undertake reviews (including testing) of compliance with internal AML/CFT policies, procedures, controls and information systems;

• Monitor and report on compliance with the existing AML/CFT framework and the AML/CFT laws and regulations.

• Monitor customer transactions and analyze and report suspicious activities.

• Ensure that all suspicious activities are forwarded to the FIU within the prescribed timeline.

• Be the point of contact for the Regulator, the FIU and other authorized third parties concerning money laundering, terrorist financing and related matters.

• Be responsible for receiving and recording the receipt of the Internal Suspicious Transaction Reports (ISTRs) in the designated log.

• Be responsible for investigating and gathering pertinent customer information and all other relevant documents in order to assess the validity of the suspicion.

• Maintain records of all Internal Suspicious Transaction Reports and External Suspicious Transaction Reports forwarded to the FIU and other competent authorities.

• Respond and maintain records of all enquiries made by the FIU and any other Law Enforcement Authority.

• Develop and administer training to employees.

• Prepare reports on AML/CFT activities and submit to the Compliance Officer for submission to the Board of Directors.

• Monitor adherence to Regulatory reporting requirements including up to date registration.

• Submit Quarterly Terrorist Property Report to the FIU.

• Submit Monthly Threshold Transaction Report to the FIU.

• Monitor, update and disseminate the High-Risk Jurisdiction Bulletin on the Financial Actions Task Force’s (FATF) and the Caribbean Financial Action Task Force (CFATF) lists of jurisdictions having deficiencies in their AML/CFT regime.

• Monitor the United Nations Security Council List (UN1267); the Office of Foreign Assets & Control (OFAC) List and any other Order issued by the High Court of the respective jurisdiction, against the customer database and report confirmed matches.

• Report every quarter to the FIU on the existence of accounts established for facilitating the financing of terrorism and/or sanction listed customers.

• Manage the internal, external and regulatory examinations and follow-up outstanding deficiencies arising out of these assessments.

• Annually, assess the AML/CFT Compliance Program to measure efficiency and effectiveness and identify potential areas for improvement.

• Any other relevant special compliance projects and/or compliance duties.