Compliance Officer (Kingston, Jamaica) - VMBS Money Transfer Services Ltd.

 

Summary

Provide support to the Compliance Function of the Unit t to ensure adherence with legal and regulatory requirements and the VM Group Society’s internal policies and procedures.

Details

DUTIES & RESPONSIBILITIES:

• Conduct daily reviews, monitoring of customer and customer transactions to identify anomalies, adverse trends, patterns, suspicious activities to be investigated and reported.
• Follow-up with VMTS customers regarding compliance queries.
• Respond to compliance queries/requests from staff and Overseas Partners on AML/CFT matters within specified timeframe and Service level Agreement.
• Create, assemble and maintain schedules/spreadsheets for monitoring and record keeping and prepare statistical and maintenance reports as necessary.
• Prepare documentfor Court Orders and other requests from the relevant authorities
• Prepare and report STR, TTR and TPA to Assistant Manager of Compliance
• Advise VMTS head office, branches and Subagents of Compliance breaches and follow up to ensure that directives to branch personnel are dealt with in the prescribed timeframe
• Conduct due diligence in relation to detecting fraudulent/unusual/suspicious transactions.
• Consult with other business areas of the Group, as deemed necessary to ensure AML/CFT Policies and procedures are adhered to.
• Remain current with all applicable changes to AML/CFT laws and regulations.
• Maintain records of all reports filed with the Designated Authority.
• Research and obtain data on Compliance issues for submission to Compliance Analyst to aid in the preparation of monthly reports.
• Assist with AML/CFT documentation and training of staff, as required.

QUALIFICATION & EXPERIENCE:

• First Degree from a recognized tertiary institution with a strong emphasis in any of the following: Business Admin, Finance, Risk Management or any other related field
• At least one (1) year’s working experience in a regulated financial institution.

KNOWLEDGE & COMPETENCIES:

• Knowledge of Anti-Money Laundering, Counter Financing of Terrorism (AML/CFT) laws and regulations and international AML/CFT standard setting bodies and standards of best practice.
• Knowledge of applicable processes, techniques and methods associated with money laundering investigation and detection
• Sound knowledge of VMTS policies, procedures, operations and internal controls
• Knowledge of relevant rules, regulations, laws, applicable to the Group
• Strong organizational and analytical skills
• AML/CFT training
• Proficiency in Microsoft Office tools
• Data and Systems analysis (regarding transactional data, review of system reports)
• Research Skills (related to existing and newly implemented regulatory guidelines

Application Deadline:  Friday, September 25, 2020

APPLY ONLINE