The Chief Compliance Examiner is responsible for the implementation of the Agency’s AML/CFT/CPF supervisory regime for Non-Profit Organizations (NPOs) and Designated Non-Financial Businesses and Professions (DNFBPs), in accordance with the Anti-Money Laundering and Terrorist Financing Code of Practice and other relevant legislation; establishes policies, procedures and systems to effectively monitor supervised entities for the purpose of compliance with the AML/CFT/CPF laws, regulations and guidelines; ensures that the necessary measures are taken to secure compliance; and establishes an effective communication process between the supervised entities and the unit relating to AML/CFT/CPF measures. Reports to the Deputy Director, Supervision & Enforcement.
Job Responsibilities:
- Lead the implementation and ongoing development of the NPO/DNFBP supervisory framework, in accordance with FATF standards.
- Develops and ensures implementation of effective policies, procedures and systems to monitor supervised entities’ compliance.
- Creates and manages public awareness/outreach campaigns to communicate money laundering and terrorism financing issues and its consequences for the Territory.
- Develop and execute training workshops and programs geared towards increasing AML/CFT/PF awareness amongst the NPO/DNFBP sector.
- Provide leadership and coaching for the Supervision and Enforcement Unit, including conducting performance appraisals in accordance with the Agency’s performance appraisal program.
- Prepare annual training plans for the Supervision and Enforcement Unit based on the Agency’s needs and developments in the areas of AML/CFT/PF.
- Approve inspection reports and ensure the ongoing monitoring of deficiencies identified.
- Prepare reports and decision papers to be presented to the Director, the FIA Board and the other stakeholders.
- Provide advice and support to the Director on matters relating to the supervision of NPOs/DNFBPs.
- Participate in special projects designed primarily to evaluate and improve policies and procedures related to the supervision of NPOs and DNFBPs.
- Represents the Agency, including the Director and Deputy Director at meetings and other forums.
Minimum Qualifications/Experience/Skills:
- Bachelor’s or Master’s degree in law, finance, business administration, economics or accounting.
- Experience in a regulatory environment, including in-depth knowledge of AML/CFT/CPF principles and FATF Recommendations and Methodology.
- At least seven (7) years’ experience in a similar senior compliance role, which includes sound understanding of supervision and onsite inspections.
- Prior supervisor or management experience.
- Certified Anti-Money Laundering Specialist, Certified Financial Crimes Specialist, International Compliance Association Certification, or Certified Fraud Examiner qualifications.
- Sound knowledge of the Territory’s AML/CFT/PF framework and AML/CFT/PF legislation.
- Ability to draft reports and make recommendations concisely.
- Excellent organizational and interpersonal skills.
- Ability to handle sensitive and confidential matters and to exercise tact and professionalism at all times.
- Excellent oral and written communication skills, strong analytical skills, and ability to meet deadlines.
- Ability to work with minimal supervision.
- Ability to meet deadlines, work under pressure and manage a high workload.
- Sound knowledge of relevant computer software, including Excel, Word and PowerPoint.
Your complete application must include a cover letter outlining your interest and qualifications that meet the requirements of the post.
All applications should be addressed to:
Human Resources Manager
Financial Investigation Agency
2nd Floor, Ritter House
Wickham’s Cay II
PO Box 4090
Road Town, Tortola
Or by email to [email protected]
Closing date for applications is 30th June 2023