Compliance Analyst

SAGICOR LIFE (EASTERN CARIBBEAN) INC.
Job Description & Specification
JOB TITLE:
Compliance Analyst

DEPARTMENT:
Compliance

REPORTS TO:
Senior Compliance Manager

NO. OF REPORTING POSITIONS:
None

GEOGRAPHIC LOCATION:
St. Lucia

Job Summary
Assists with the execution of the AML-CFT-PF and FATCA-CRS compliance function of Sagicor Life (Eastern Caribbean) Inc. (SLECI) and other affiliates in the Sagicor Southern Caribbean business region. Serves as Alternate Compliance Officer for SLECI, St. Lucia and Sagicor Finance Inc. (SFI).

Key Duties And Responsibilities

• Reviews applications for new and existing customers, including:
• Assessing Know Your Customer and tax compliance information.
• Conducting enhanced due diligence on high-risk individuals and/or companies and submitting the findings to the Senior Compliance Officer for review and approval, where necessary.
• Carries out risk-based assessments of customers including re-rating of customers identified and provides progress reports.
• Conducts transaction monitoring, including reviewing Declaration of Source of Funds Forms, AML Casual Payments and Withdrawal Reports, AML Source of Funds Control Reports and any other transaction monitoring reports.
• Assists in providing AML-CFT-PF and FATCA-CRS training to staff and agents of Sagicor Life (Eastern Caribbean) Inc .
• Assists with providing guidance to employees regarding AML-CFT-PF and FATCA-CRS related issue and regulatory updates, appropriate to the company's operations.
• Assists in the preparation of internal reports on all suspicious or unusual transactions.
• Assists in the maintenance of relevant registers needed for the AML-CFT-PF and FATCA-CRS compliance function including register of:
• Internal reports
• External reports
• FIU enquiries
• DSOFs
• High Risk Customers
• Exempt customers
• Training
• Assists in preparing reports on terrorist financing activity, where appropriate.
• Assists in the preparation of monthly, quarterly and other periodic Compliance Officer reports.
• Assists with fostering a compliance culture.
• Assists with updating of AML-CFT-PF and FATCA-CRS policies and procedures.
• Assists with the execution of Automatic Exchange of Information Tax Compliance Function and with annual FATCA-CRS Reviews including:
• Notifying business units of the need to obtain self-certification forms and/or TINs from relevant clients.
• Verifying the accuracy of annual reports prior to filing with the relevant tax authority.
• Remaining up to date on local and international developments on FATCA-CRS and similar initiatives/legislation.
• Filing FATCA-CRS submissions with the regulator
• Assists with external examinations or audits and internal audits as may be required.
• Assists with the preparation of other AML-CFT-PF and FATCA-CRS related regulatory requirements as they arise.
• Tracks and files any AML-CFT-PF and FATCA-CRS or related compliance filings in the Governance Risk Compliance Software.
• Assists with the documentation of compliance related policies and procedures.
• Serves as Alternate Compliance Officer for SLECI, St. Lucia and SFI.
• Any other duties as assigned.

Education/Experience
KNOWLEDGE & SKILLS REQUIRED

• Bachelor's degree in management, business, finance, law, accounting or a related field and at least 3 years' experience in a similar role.
• A minimum of 3 years work experience in a compliance/internal audit environment.
• Completion of the CAMS or equivalent designation is desirable.
• Good knowledge of local and industry related requirements including anti-money laundering,
• Registration with a recognised compliance association will be an asset.
• Good knowledge of products, services, operations and systems and extensive dealing with laws, regulations and regulatory agencies related to assigned areas.
• Proficiency in Microsoft Office software.
• A high level of interpersonal skills, and ability to establish harmonious relationships with managers, staff/advisors and clients.
• Ability to appreciate, anticipate and respond effectively to the internal customers' needs and expectations.
• An appreciation for and strict adherence to confidentiality and handling of sensitive situations
• Excellent written and verbal communication, administrative and organizational skills.
• 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.