Senior Risk & Compliance Officer
The Bank of Montserrat has a vacancy for a Senior Risk & Compliance Officer.
The Senior Risk & Compliance Officer will have responsibility for managing, monitoring, analyzing, and escalating issues and concerns related to the Bank’s Anti-Money Laundering (AML)/Counter-Terrorist Financing (CFT), risk and compliance programs; to include all applicable local, regional and international laws and regulations.
RESPONSIBILITIES
- Responsible for the Bank’s AML/CFT program by ensuring that the Bank is in compliance with all regulations permitting to AML/CFT.
- Carries out compliance monitoring, internal control risk assessments, and internal control testing, to ensure that there are adequate processes, procedures and internal controls to promote an effective compliance control environment, under the guidance of the Audit and Compliance Committee.
- Prioritizes focus toward areas identified as having the highest levels of risk to the Bank.
- Assists in the development of new and/or updates policy and procedures related to AML, Risk and Compliance.
- Ensures that the Bank has an approved risk appetite statement and that this appetite is communicated through the Institution and included within the risk reporting templates
- Completes special projects as assigned.
SKILLS AND KNOWLEDGE
- Working knowledge of banking operations, particularly in the areas of AML/CFT, Risk and Compliance.
- Knowledge and understanding of local, regional and international regulations pertaining to compliance; ex. Local AML Laws and Regulations, Proceeds of Crime Act, US Bank Secrecy Act, the USA PATRIOT ACT as it relates to Correspondent Banking
- Excellent verbal/written communication and problem-solving/analytical skills required.
- Experience with AML Monitoring Systems such as Yellowhammer.
- Experience using Microsoft Word, Excel etc.
The successful candidate must have:
- Sc in Accounting, Economics, Banking and Finance or related field
- Minimum 5 years of experience in risk management and compliance in the Banking or financial service field with a strong understanding of KYC, EDD, Financial crime investigations and regulatory reporting.
- Certified Anti-Money Laundering Specialist (CAMS) Certification or equivalent.
- Risk Management Certification would be an asset
Compensation will be based on level of experience and qualifications held.
Applications must be addressed to:
The Chairman
Audit & Compliance Committee
Bank of Montserrat Limited
Brades, Montserrat
and emailed to dalton.lee@bankofmontserrat.ms and copied to manager@bankofmontserrat.ms
Deadline date: 30 December 2017. Unsuitable applications will not be acknowledged.
