Compliance Manager & MLRO- in Bahamas

Oxford Recruitment
10 Nov 2017
16 Nov 2017
Contract Type
Full Time

Compliance Manager & MLRO- in Bahamas

Reports to: CEO Company's Corp

Location: Company's Corp, Bahamas

Job Purpose: To ensure that Company's Corp is fully compliant and adheres to each and every compliance activity accordingly

Roles & Responsibilities

Main duties

  • Responsible for the complete and accurate provision of reporting regulatory information required both on an internal and external basis
  • Ensure monitoring to assess the companies compliance with Securities Commission of the Bahamas (SCB) regulatory requirements
  • Responsible for ensuring that the policies and procedures are accurate and updated regularly
  • Carry out the MLRO function, ensuring the implementation of and ongoing adherence to Financial Crime Controls
  • Actively participate as a member of the Compliance Committee
  • Preparation of management information for Head office as required
  • Responsible for the compliance approval of financial promotions issued
  • Effectively deal with any complaints raised by local clients, report and manage accordingly. Ensure that complaints register updated accordingly
  • Work with financial controller to ensure that all reports requiring submission to the SCB are done so in a timely and accurate manner
  • Organise training and exams for staff and ensure that they are SCB approved where required
  • Keep up to date and be pro-active in implementing new policies and procedures or updates to staff in a timely manner, providing training where necessary
  • Ensure compliance reporting to SCB is done as required and is accurate
  • Ensure that all compliance activity is accurately recorded

Qualifications required

  • A management or finance degree is desirable

Essential skills

  • At least 3 - 5 years' experience in a Compliance Team in a similar organisation
  • Able to communicate at all levels both verbally and in writing
  • Is fully aware and up to date of SCB compliance, money laundering and all other trading related processes and procedures
  • Previously approval by SCB is desirable

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