Job Description

  • Full Time
  • Jamaica

Cumax Wealth Management Limited (formerly Credit Union Fund Management Company Limited), a subsidiary of the Jamaica Co-operative Union League (JCCUL) Group, is a licensed Securities Dealer, Pension and Investment Fund Manager.

Cumax Wealth Management invites suitably qualified applicants to fill the position of

RISK & COMPLIANCE MANAGER

Under the general direction of the Chief Executive Officer, with ultimate accountability to the Cumax Board of Directors, the incumbent is responsible for ensuring the Entity’s overall compliance with AML/CFT requirements and for the provision of general risk and compliance management, and providing general support and expertise to the JCCUL Group of Entities.

Core Responsibilities:

  • Facilitate the Entity’s Board of Directors in determining and articulating the subsidiary’s risk appetite/tolerances.
  • Facilitate the process for the risk owners to identify potential risks for each key area, determining likelihood and impact of potential risks and devising appropriate actions to mitigate the risks.
  • Monitor developments in the industry and advise the relevant committees and senior management on the implications for policies, procedures and investment portfolios, and make recommendations to limit potential losses.
  • Direct the Entity’s risk management process and assess if risks are within agreed tolerances then make the appropriate recommendations.
  • Direct the Entity’s compliance activities, ensuring statutory and other requirements are always met.
  • Perform the role of the Entity’s Nominated Officer.
  • Act as liaison between the Entity and the FSC and other regulatory agencies on money laundering and terrorist financing issues.
  • Ensure the establishment and implementation of scheduled on-going AML/CFT related training for all levels of staff.
  • Ensure a robust and effective enterprise Business Continuity Management framework is in place and that it is clearly documented and continuously tested.

Minimum Qualifications and Experience:-

  • Bachelor’s Degree in Management, Accounting, Auditing or equivalent.
  • Specialized certification in Risk Management and Compliance.
  • Post Graduate Diploma in Management /Public Administration.
  • At least three (3) years’ experience in a senior position, preferably in a financial institution, particularly Risk and Compliance.

Knowledge, Skills, Competences and Personal Attributes:-

  • Well-developed financial knowledge.
  • Expert knowledge of the requirements for a regulated entity.
  • Able to demonstrate critical competencies in commitment to results, business savvy, leading change and motivation.
  • Ability to anticipate and solve problems and take advantage of opportunities.
  • Ability to inspire confidence of others, command respect of others and to respect the dignity of others.
  • Well-honed oral and written communication skills to include public speaking, the management of meetings and report writing.
  • Be able to manage continuity, change and transition and the ability to influence and enable others.
  • Unquestioned personal integrity with strong ethics and values consistent with IIA Standard.
  • Sound knowledge of corporate governance, business and operational risk and control processes and procedures.

 Special Conditions Associated with the Job:-

  • May be required to work extended hours, including weekends.
  • Must own a reliable motor vehicle and possess a valid driver’s licence.
  • A commitment to our core principles of fairness, integrity, transparency, cooperation, accountability and respect.

We thank all applicants for their interest. Only shortlisted candidates will be contacted.