Compliance & Risk Manager

Location

St. Thomas, USVI and/or St. Croix, USVI

Must have work permit. 

General Description

Lead, develop and enhance the compliance program within the Virgin Islands (USVI & BVI) as part of the First Line of Defense program. Design and coordinate internal control assessments and aggregation for risk identification and control purposes. Manage compliance issues and complaint processes and serve as the primary liaison between the Region, internal and external regulatory entities.

Essential Duties and Responsibilities

• Serve as a resource or liaison between the Virgin Islands Region, Retail Banking and Regulatory and Financial Compliance providing a range of support and analysis on compliance related issues.
• Examine established policies, procedures, and practices to ensure compliance with applicable laws and regulations.
• Identify and escalate incidents and compliance issues; ensure that prompt action is taken to address any identified deficiencies to comply with regulatory standards.
• Develop and oversee control systems to prevent or deal with violations of legal guidelines and internal policies.
• Evaluate the efficiency of controls and improve them continuously.
• Review company processes and lead training sessions on legal and compliance issues.
• Manage and analyze cases of potentially suspicious activity from the automated monitoring system.
• Interact with branch personnel regarding unusual activity to determine if an appropriate resolution can be reached.
• Arrange compliance audits and communicate audit results and recommendations.
• Regularly assess the efficiency of control systems and recommend effective improvements.
• Stay abreast of changes to federal and state banking laws and regulations affecting the management, operations, and product offerings.
• Oversee the preparation and dissemination of new and updated compliance standards and procedures.
• Review and evaluate company procedures and reports to identify hidden risks or nonconformity issues.
• Develop and promote a culture of compliance within product, sales and service/operations area and key committees.

Minimum Education

Bachelor's Degree in Business Administration

Bachelor's Degree Credits Approved in Accounting or Finance

Experience

Minimum four years of related work experience at a managerial, supervisory or specialist level. Working knowledge of the financial industry with the focus on financial compliance and retail banking services

Certifications / Licenses

Some certificates and licenses may be required for several managerial positions.

Certified Anti-Money Laundering Specialist (CAMS) ------AML

Banking Security Act