Compliance Officer

Job Type

General Description

Oversees compliance of established policies and procedures in accordance with banking laws, and regulations.

Essential Duties and Responsibilities

Examines established policies, procedures, and practices to ensure compliance with applicable laws and regulations.  Stays abreast of changes to banking laws, and regulations affecting the management, operations, and product offerings. Coordinates with legal counsel and operating and compliance departments to ensure adherence to laws and regulations related to new or revised products and services offerings.  Oversees the revision, preparation, and dissemination of new and updated compliance standards and procedures.  Coordinates, supervises, and supports compliance-related programs, such as compliance training, compliance testing and reporting, disaster recovery, and contingency planning. Manages and analyzes cases of potentially suspicious activity from the automated monitoring system. Interacts with branch personnel regarding unusual activity or customer due diligence to determine if an appropriate resolution can be reached. Arranges compliance audits and communicate audit results and recommendations.

Supervisory Responsibilities:

This job has no supervisory responsibilities.

Education

Bachelor's degree in law, business administration, finance or related fields.

Experience

At least three to five years related experience in compliance, preferably in banking industry.

Certifications

Other Qualifications

• • Strong knowledge of Anti-Money Laundering (AML)/ , Know Your Customer (KYC), and financial crime prevention regulations.
  • Ability to identify compliance risks, recommend corrective actions, and implement effective controls.
  • Excellent verbal and written communication skills, with the ability to interact effectively with regulators, senior management, and employees.
  • Strong analytical and problem-solving skills with a high level of attention to detail.
  • Ability to prepare and deliver presentations, training sessions, and compliance-related reports.
  • Demonstrated ability to work autonomously, make informed decisions, and take ownership of compliance-related responsibilities.
  • Proficient in Microsoft Office applications, including Excel, Word, and PowerPoint.
  • Demonstrated leadership, accountability, and ownership in managing compliance responsibilities.
  • Ability to build strong working relationships across business units and foster a culture of compliance.
  • Strong organizational and time management skills, with the ability to manage multiple priorities and meet regulatory deadlines.
  • Ability to handle highly confidential and sensitive information with professionalism and integrity.
  • Self-motivated, proactive, and committed to staying current on regulatory changes and industry best practices.
  • Fluent in English; bilingual proficiency is considered an asset.  
  • Willingness to obtain or maintain relevant compliance certifications and regulatory approvals as required by the British Virgin Islands regulatory authorities.

Preferred Qualifications

• Professional certifications such as CAMS, CFCS, CRCM, CIA or equivalent.
• Previous experience working with financial institutions, banking regulations, or regulatory agencies.
• Experience serving as a liaison with regulatory authorities and supporting regulatory examinations.

Region Locations

Values

Additional Requirements

The information provided here is only a general guide as to the nature of the position and does not constitute an exact description of the goals, tasks, duties and responsibilities of the position. The specific details of each position are described in the employee’s performance evaluation.