Compliance Officer

GraceKennedy (Trinidad & Tobago) Limited invites applications from persons who are dynamic, performance-driven and seeking a challenging role, for the following position:

Compliance Officer 

Reporting to the Regional Compliance Officer the ideal candidate will: assist in developing and implementing compliance programmes for GraceKennedy Trinidad & Tobago and any other assigned markets. The candidate will develop and administer risk management program for the GKMS Group – inclusive of Trinidad and assisting with any other assigned territories.

The ideal candidate should have:

Academic

•  Bachelor Degree in Management Studies or related field or equivalent education and experience
• ACAMS Certification OR ICA OR related designation (e.g – CFCS)
• In-depth knowledge of Trinidad (or any other assigned territory) Anti-Money Laundering Legislation and regulatory requirements

Related Work Experience

• Minimum of 5 years experience in a middle or senior management position at a bank or similar type financial institution

                                                                                      OR

• Minimum five (5) years' experience in the Compliance field, including working knowledge of risk management, governance, and controls;

Job Specification

• Ensure continuous monitoring and analysis of the companies’ regulated entities thus ensuring statutory requirements for Compliance, Anti- Money Laundering and Anti-Terrorism are met.
• Develop, initiate, maintain and revise policies and procedures for the operation of the Compliance Program.
• Identify potential areas of compliance vulnerability and risk; developing/implementing corrective action plans for resolution and providing general guidance on how to avoid or deal with similar situations in the future.
• Maintain records of training conducted, programmes and participants.
• Ensure Agent locations are licensed in a timely manner and appropriate records of each Agency maintained.
• Design and develop risk plans, reporting to senior management on the risk status.
• Develop training programmes that seek to ensure that all appropriate employees are knowledgeable of, and comply with regulations.
• Conduct compliance training to all employees, Agents and Customer Service Representative in Trinidad and by extension the GKMS Group.
• Function as key representative/liaison in meetings with state agencies and industry organizations regarding compliance policy.
• Protect the company’s interests which may be affected by proposed legislative and/or regulatory issues.
• Perform any other job-related duties assigned from time to time.

 Internal Audit

• Assisting in the preparation and completion, and circulation on GKMS’ response to the Group Internal Audit recommendations and prepare monthly status report for the Regional Compliance Officer and/or GKMS Chief Compliance Officer.
• Monitoring of audit recommendations for on time completion and communicate any concerns to Regional Compliance Officer and/or GKMS Chief Compliance Officer or GKMS Chief Executive Officer.

 Sanctions

• Develop and implement sanctions for non-compliance and enforce penalties for non-compliance at agent locations.

 Regulatory Reporting

• Report on as directed or requested to keep the senior management informed of the operation and progress of compliance efforts.
• Ensure reporting of potential violations to duly authorized enforcement agencies as required.
• Ensure all reports to the regulatory bodies, Financial Investigation Divisions/Unit (FID/FIU), Central Banks, Law enforcement agencies are submitted on a timely basis.
• Respond to Official requests such a Subpoenas/Production Orders/Court Orders and other official queries as the principal point of contact in a timely manner.

 Administrative/Supervisory

• Submit monthly reports to the Regional Compliance Officer and/or GKMS Chief Compliance Officer to guide management and policy decision.
• Assist in the preparation of departmental budget.
• Participate in cross-functional projects to broaden perspective of other areas that impact the overall Operations function.
• Keep up to date on knowledge of laws, compliance legislation, and regulatory issues that may affect the business and assist in evaluating the impact on the business.
• Conduct performance appraisals and development plans for staff (where applicable) to identify areas of strength and areas for development.
• Perform and administer staff performance management programmes for staff reporting directly (where applicable).

 Specialized Skills

• Knowledge of regulations and laws
• Interpret regulations and laws
• Interviewing and Interrogation
• Attention to detail
• Strong analytical ability

 Key Qualities

•  High level of confidentiality and objectivity.
•  Strong communication (oral and written) and interpersonal skills.
•  Display the highest level of integrity and ethics.
•  High level of initiative and maturity.
•  Excellent leadership, mentoring and coaching skills.
•  Must be proficient in computer applications (i.e. Microsoft Word, Excel, and PowerPoint)

Qualified applicants are invited to submit their resumes in confidence no later than October 03, 2024

Only suitable candidates will be considered