Our client would like to hire an AML compliance professional currently based in Tortola or the Cayman Islands. It is a hybrid position.
As a Senior Compliance Officer, you will assist in establishing and managing its overall compliance framework. In addition to providing compliance guidance regarding BVI matters, you will have a keen interest in being involved in an international business and working on a variety of multi-jurisdictional matters. You will lead in framing and ensuring appropriate policies, procedures, systems, controls, processes, and training are in place.
Responsibilities:
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Ensure internal and external compliance and AML requirements, regulations, directives and legislation.
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Be responsible for risk and compliance checks/monitoring.
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Develop procedures for a risk-based approach, including documenting risk assessments and devising strategies to mitigate potentially adverse compliance and regulatory actions;
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Take ownership of record keeping requirements, such as declined business and PEPs logs;
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Provide expert compliance guidance, specifically focusing on the BVI operations.
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Conceptualise and implement a comprehensive strategy to monitor audits, reviews, and action plans to guarantee compliance.
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Develop and implement the compliance monitoring program periodically to ensure it effectively responds to new developments in regulatory requirements.
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Communicate updates to management and the rest of the team regarding any changes and developments in relevant laws, regulations, and requirements. Draft and update policies and procedures accordingly.
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Liaise with global Compliance team to ensure a robust and effective aligned holistic compliance framework.
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Communicate with regulatory authorities and industry bodies as required.
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Frame and deliver AML training to ensure awareness among team members.
Requirements
- You must currently be a resident of BVI or Grand Cayman or have residency in one of the jurisdictions.
- 7+ years of experience in a compliance role
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Experience of working for regulated entities and dealing with regulatory bodies in the BVI
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Solid understanding of legal requirements and controls
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A university degree in a related field
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