Analyst, Anti-Money Laundering

Analyst, Anti-Money Laundering

About the FSC:

The Financial Services Commission (FSC) is an integrated Financial Services regulator. Our mission is to regulate and supervise the Securities, Insurance and Private Pensions industries for the protection of their users thereby enhancing public confidence through the efforts of a competent workforce. 

We are seeking individuals who are self-directed, results-oriented, and have a passion for providing excellent service.

The FSC has an immediate opening for the position of Analyst, Anti-Money Laundering (Contract).

Position Summary:

Reporting to the Senior AML Analyst of the Anti-Money Laundering (AML) Unit, the AML Analyst is responsible for assisting with the conduct of examinations and monitoring of the FSC’s licensees’ and registrants’ compliance with applicable laws and FSC guidelines regarding anti-money laundering efforts and combatting the financing of terrorism and proliferation (CFTP). In this respect, the AML Analyst is required to effectively assess, analyze and monitor the FSC licensees’ and registrants’ AML/CFT processes and to escalate any red flags/issues to the Senior AML Analyst as required.

Key Responsibilities:

• Support the maintenance of risk-based models and conduct ongoing monitoring of the financial transactions and operations of the FSC’s licensees and registrants.
• Assist with investigations and assessment of alerts for potential money laundering and terrorist financing.
• Plan and prepare technical reports for the monitoring program development.
• Assist with identification and monitoring of suspicious activities.
• Ensure timely and effective reporting of suspicious activities to the Senior AML Analyst
• Assist with responses to enquiries related to money laundering and terrorist financing.
• Assist with the monitoring of regulated entities’ compliance with the provisions of the money laundering prevention guidelines, the guidelines to combat the financing of terrorism and the relevant legislation.
• Timely execute instructions received from the Senior AML Analyst and AML Compliance Manager
• Prepare detailed reports to the Senior AML Analyst regarding AML and CFT assessments, including risk analyses, findings and recommendations for remedial action, as required
• Ensure proper record-keeping of all investigation and assessment reports and related documentation.

Education, Knowledge and Skills:

• A minimum of three (3) years investigative/AML experience
• A bachelor’s degree or equivalent professional qualification in business, business management, criminal justice, finance, law, accounting or related field
• AML/CFT certification
• General knowledge of Jamaican AML and CFT laws, risks and controls
• General understanding of marketplace AML/CFT issues and AML/CFT suspicious activity monitoring systems, data mining/analytical tools, and KYC systems and tools
• General knowledge of the CFATF/FATF Methodology and Recommendations and mutual evaluation process
• Proficiency in Microsoft office applications
• Demonstrated ability to make sound decisions and recommendations based on rational analysis
• Analytical, thorough and detailed oriented