Compliance Officer

Job Description

Sagicor Life Inc. seeks a Compliance Officer to manage AML, CFT, FATCA, and CRS compliance functions. The candidate will ensure regulatory adherence across various business lines in Dominica and support the Sagicor Southern Caribbean Group, demonstrating expertise in compliance management and reporting.

Job Summary

Manages the compliance function, addressing money-laundering, terrorist financing, FATCA, CRS and similar regulatory risk of Sagicor Life (Eastern Caribbean) Inc., reporting subsidiaries and business lines in Dominica in accordance with the laws and jurisdictions of this country.  Provides support to other entities within the Sagicor Southern Caribbean Group as required.

Responsibility

Execution of AML, CFT & PF Compliance Function:

1. Implements the AML, CFT & PF compliance programme for the operations of Sagicor Life (Eastern Caribbean) Inc.
2. Serves as a Compliance Officer for Sagicor Life (Eastern Caribbean) Inc. in Dominica and fulfils the duty of such office under applicable antimoney laundering and related legislation and guidelines.
3. Responsible for the updating of local country addendum and other procedural documents guiding the AML, CFT & PF compliance function.
4. Conducts annual AML, CFT & PF compliance Business Risk Assessment.
5. Provides Senior Compliance Officer with assessment results and initiates corrective action for compliance deficiencies.
6. Reviews compliance with the Sagicor AML, CFT & PF Programme, other policies and procedures, country addendum and regulatory requirements in countries of operation.
7. Develops and conducts AML, CFT & PF training for staff and advisors on key compliance issues and regulatory updates as appropriate.
8. Provides guidance regarding compliance related issues and regulatory updates, appropriate to the company operations.
9. Oversees Know Your Customer/customer due diligence process for new and existing customers.
10. Creates profiles, queries and conditions for Anti-Money Laundering detection, utilizing in-house systems, external resources and other reports.
11. Reviews activity on a monthly basis for suspicious activity.
12. Initiates investigation with customer and internal departments to obtain additional supporting information regarding transactions or activity identified.
13. Reviews data from in-house databases for evidence of customer policy/account variance.
14. Analyzes compliance monitoring reports and data in order to identify suspicious activity.
15. Maintains a log of new, pending and closed investigations relating to AML, CFT & PF review.
16. Reviews departmental logs and data for compliance with KYC and other AML, CFT & PF record keeping and currency transactions requirements.
17. Reports on a quarterly basis on compliance related matters to Senior Compliance Officer and/or Board of Directors.
18. Consults with a representative of Legal as needed on internal and external reports of unusual or suspicious transactions to facilitate determination of the necessary action in a timely manner.
19. Prepares and files unusual or suspicious activity reports, terrorist property reports or other regulatory reports on possible violations of money laundering laws, terrorist financing activity and regulations and other illegal activity to applicable regulatory and/or law enforcement agencies.
20. Maintains records of internal and external reported unusual or suspicious transactions.
21. Manages regulatory examinations and other regulatory requests and/or acts as the point of contact for mutual evaluations and other inspections.
22. Remains up to date on local and international developments on money laundering and terrorist financing and make suggestions to management for improvements in the company's anti-money laundering and anti-terrorism policies and procedures.
23. Performs any other duties as assigned.

Execution of Automatic Exchange of Information Tax Compliance Function:

1. Implements the tax compliance process for the operations of SLECI.
2. Implements other processes to address automatic exchange of tax information legislation requirements.
3. Responsible for the updating of local country addendum and other procedural documents guiding the FATCA, CRS and any other tax compliance function
4. Conducts annual FATCA and CRS Reviews.
5. Provides the Senior Compliance Officer with the results of the annual FATCA and CRS Review and initiates corrective action(s) to address the deficiencies identified.
6. Conducts FATCA, CRS and any other tax compliance training for the staff on key issues and updates as appropriate.
7. Provides guidance to employees regarding related issues and regulatory updates, appropriate to the company’s operations.
8. Prepares annual reports for filing with the relevant tax authority.
9. Files copies of the annual reports with the Senior Compliance Officer – EC Southern Hub.
10. Remains up to date on local and international developments on FATCA, CRS and similar initiatives/legislation to facilitate the making of suggestions to management for improvements in the company's FATCA, CRS and other similar policies and procedures.

Other Duties:

1. Relief Compliance Officer for other jurisdictions within Sagicor Southern Caribbean Group as required.
2. Performs any other duties as assigned.

Experience and Qualifications

• A Bachelor's degree in a management, business, finance, law, accounting or related field and at least 3 years’ experience in a similar capacity.
• Certified Anti-Money Laundering Specialist (CAMS) designation and a minimum of 3 years’ related work experience in a compliance/internal audit environment.
• Thorough knowledge of local and industry related requirements including anti-money laundering, FATCA and CRS guidelines.
• Thorough knowledge of products, services, operations and systems and extensive dealing with laws, regulations and regulatory agencies related to assigned areas.
• A high level of interpersonal and ability to establish harmonious relationships with managers, staff/advisors and clients
• Ability to work effectively across functions and organisational levels and within a team environment.
• An appreciation for and strict adherence to confidentiality and handling of sensitive situations.
• Proven research, analytical and project management skills.
• Demonstrable experience managing tasks in a dynamic work environment with an ability to handle multiple tasks simultaneously and adapt quickly to change.
• Capable of working under pressure to meet deadlines, while paying attention to accuracy and detail.
• Highly proficient in the use of Microsoft Office software.
• Good interpersonal skills.
• Excellent written and verbal communication, administrative and organizational skills.
• Excellent organizational and time management skills.
• Ethical and trustworthy.
• Previous experience in the Financial Services environment or the Insurance Industry would be an asset.

Benefits and Others

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Thank you for expressing your interest by applying. Please note that only shortlisted candidates will be contacted.

Deadline for Applications: Friday October 25th