Jamaica Job Company

RISK AND COMPLIANCE OFFICER

Annual Salary

Job Description

  • Full Time
  • Jamaica

JPS & PARTNERS

CO-OPERATIVE CREDIT UNION LIMITED

The JPS & Partners Co-operative Credit Union is seeking to identify a suitably qualified candidate to fill the position of:

RISK AND COMPLIANCE OFFICER

POSITION SUMMARY
Reporting to the Risk and Compliance Manager, the Risk and Compliance Officer will provide support in the achievement of the Risk Management, Loan  Administration and Recovery objectives of the Credit Union; and to ensure compliance with all Laws, Regulations, Policies and  Procedures governing the Credit Union in order that JPS & Partners Credit Union achieves its mission, vision and major targets.

Position Duties/Responsibilities

  1. Investigate breaches of compliance and bring findings to the attention of the Risk & Compliance Manager and/or the General Manager
  2. To be current on all Policies, Procedures, Rules, Regulations and reporting requirements governing the Credit Union
  3. Ensure staff compliance with all Policies, Procedures, Rules, Regulations and Reporting Requirements governing the Credit Union
  4. Maintain up-to-date Records/Registers on relevant Operations and Risk based activities
  5. Assist with reviewing internal controls and risk management practices to ensure that the integrity of the Credit Union is protected
  6. Assist with the testing and evaluation of loan products and the verification of members against the various sanction lists
  7. Maintain and monitor the Credit Union AML Software to ascertain members risk ratings, track threshold transactions and ensure members information are updated as per policy
  8. Ensure that employees and volunteers receive the required training in Proceeds of Crime Act (POCA)/ Anti-Money Laundering (AML) Act, Terrorist Protection Act (TPA) and any other relevant regulations

QUALIFICATIONS, EXPERIENCE AND SKILLS

  • Undergraduate Degree in Risk Management, Business Administration, Accounting, Auditing or equivalent from an accredited tertiary institution
  • Specialized training in Enterprise/Business Risk Management and Compliance would be an asset
  • A minimum of three (3) years’ experience preferably in a Credit Union, Commercial or Investment Banking environment

SPECIALISED SKILLS AND COMPETENCIES

  • Sound knowledge of the Acts and Regulations governing the Credit Union (e.g. Co-operative and Friendly Societies Act. Proceeds of Crime Act BOJ Guidance Notes)
  • Working knowledge of accounting practices, principles and procedures especially as it relates to the Credit Union environment
  • Basic knowledge of operations audit, human resource management and internal business process workflow
  • Ability to pay keen attention to details
  • Ability to communicate effectively, both orally and written
  • Excellent analytical, research, time management and problem solving skills
  • Proficiency in the use of Microsoft Office Suite and other relevant management information systems

We thank you for your expressions of interest, however, only shortlisted candidates will be contacted.