Analyst III - AML Supervision Department

JOB SPECIFICATION

JOB TITLE:  Analyst III - AML Supervision Department

DEPARTMENT: AML Supervision Department

LOCATION: Based in Providenciales (with occasional travel to Grand Turk)

JOB SUMMARY

Reporting to the Director, AML Supervision Department, the jobholder will be responsible for leading a team of analysts and providing strong support to the Director and Department in implementing  the  Commission’s  AML/CFT  risk management  framework  for regulated/supervised sectors.

The jobholder shall:

•    Be responsible for preparing and monitoring ML/TF risk profiles of the regulated and supervised  sectors,  and  based  upon  this  information  prepare  and  implement,  in conjunction with the regulatory departments, the annual programme of on-site examinations and off-site surveillance activities.

•    Supervise activities of all reporting analysts.

•    Be responsible for the complete and accurate registration and ML/TF risk management of supervised sector.

EDUCATION & EXPERIENCE:

▪ Bachelor’s Degree (or an equivalent qualification) in Law, Accounting, Finance, or Business Management, the latter with audit or compliance as an assessed component. A person with a legal or accounting degree will be preferred.

▪ Chartered Internal Auditor (IIA UK) or an approved equivalent Internal Audit qualification.

▪ Five (5) years related experience in the financial sector, with a minimum of three years in auditing, compliance or as a Money Laundering Reporting Officer

▪ Certified Advanced AML Audit Specialist (CAMS-Audit) or ICA International Diploma in AML. Consideration may be given to other equivalent AML audit or compliance qualifications.

SPECIFIC KNOWLEDGE REQUIRED:

▪ A good knowledge of both the Financial Action Task Force Recommendations, and the Turks and Caicos Islands AML/CFT legislation, their purpose and relationship with each other.

▪ A good knowledge of the Turks and Caicos Islands Legislation relevant to the regulated and supervised sectors.

▪ Proficient understanding of the principles of ML/TF risk management, and internal audit standards.

▪  A general understanding of IT systems and the use of such technologies in the financial services industry, from both the supervisory and the practitioner point of view.

SPECIALISED TECHNIQUES/SKILLS:

▪  Highly proficient in oral and written communication.

▪  Strong personal organization skills enabling the ability to handle competing priorities and demanding deadlines and commitments.

▪ Demonstrated ability to lead and supervise a team delivering projects on time and to good quality.

▪ Proactive in identifying, designing and implementing AML/CFT supervisory best practice opportunities.

▪ Leadership skills in the design and implementation of examination techniques to equivalent of international internal auditing standards.

▪  Intellectually curious with proficiency in analytical thinking and problem solving.