Compliance Assistant
Basseterre, Saint George Basseterre, Saint Kitts and Nevis
Full Time
6 hours ago
Key skills
Risk ManagementCommunication
About this role
SUMMARY:
The Compliance Assistant is responsible for providing support to the Compliance Officers in overseeing AML/CFT/CPF and Corporate Compliance for the TDC Group of Companies, with particular focus on TDC Financial Services Ltd and TDC Insurance Company. The individual will assist with compliance monitoring and testing activities for the continual development and evaluation of the Compliance Program while maintaining accurate records and documentation.
The Compliance Department is responsible for ensuring that the Company conducts business in accordance with all relevant laws, regulations and industry standards, and that employees adhere to internal policies and procedures to protect the interests and reputation of the Financial Institutions and all stakeholders.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Assist with the development, implementation, and enforcement of a risk-based Compliance Program.
- Conduct Compliance Checks on new employees.
- Conduct large transactions and source of funds reviews daily.
- Conduct daily reviews of new and existing client accounts and/or policies.
- Conduct transaction monitoring activities and customer due diligence investigations.
- Generate and analyze system reports for Compliance reviews.
- Maintain proper records of all reviews and due diligence performed, including EDD checks.
- Assist with conducting corporate reviews (non-AML) of higher risk areas.
- Identify compliance risks and make recommendations to address them.
- Assist with ensuring areas of non-compliance are effectively remediated.
- Regularly follow up on corrective actions and implementation of recommendations.
- Maintain open communication with Manager and/or Compliance Officers on review findings and corrective actions.
- Discuss review findings with Manager/Compliance Officers and management and/appropriate personnel of the business unit, and update review findings as needed.
- Assist with the organization of in-house compliance training programs.
- Participate in AML seminars, conferences, and workshops to improve job knowledge.
- Stay abreast of regulatory changes and provide any needed support and guidance to management and employees on Compliance matters.
- Assist with maintaining the TDCFS, TDCIC, and Compliance Department Training Logs.
- Submit training certificates to the Human Resources Department.
- Assist with providing documents and information for regulatory examinations, enquiries, and investigations, when required.
- Record minutes of department and compliance management meetings when required.
- Commit to continual learning and professional development.
- Perform other duties as assigned and deemed necessary to meet the Department’s objectives.
Requirements
EDUCATION & EXPERIENCE:- Associate Degree in Accounting, Law, or Business-related field
- Minimum of 2 years’ work experience in Compliance, Banking, Financial Service industry, Insurance, Risk Management, or Internal Audit
- Knowledge of applicable Regulations: Saint Kitts-Nevis AML/CFT/CPF Regulations, Banking Act and/or the Insurance Act.
- Ability to communicate clearly, effectively and build relationships across the Organization at all levels
- Thorough, accurate and detail-oriented
- Highly organized
- Be conscientious and efficient in meeting commitments, observing deadlines and able to handle multiple tasks
- Possess analytical, research, and investigative skills
- Computer knowledge with command of MS Excel and Word
- Self-motivated and able to work without close supervision