Overview
PMATRUST (BVI) LTD.
Job title: Compliance Officer
Reports to: Compliance Committee / Executive Director
Role & Purpose: A senior level position responsible for ensuring and maintaining an effective compliance culture throughout the Licensee and compliance with the licensee ’s compliance policies and its regulatory obligations relative to BVI legislative directives.
The person appointed to the position of Compliance Officer shall:
⎯ be approved by the Financial Services Commission as a person ‘fit and proper’ for the post;
⎯ have sufficient seniority in the organizational structure of the licensee to effectively undertake the compliance function;
⎯ possess sufficient independence to perform his/her role objectively; and
⎯ have sufficient resources to perform the compliance function effectively.
Duties & Responsibilities:
• Ensuring that the licensee complies with its obligations with respect to the establishment and maintenance of compliance systems and controls, as specified in Section 34(1) of the FSC Act and Section 41 of the Regulatory Code and keeping regulatory obligations and compliance systems under regular review;
• Identifying, measuring, and assessing compliance risks associated with the licensee ’s business and its customer relationships, including products and types of business;
• Keeping regulatory obligations and compliance systems and controls under review, identifying any deficiencies and making regular assessment reports to the Board and senior management, including making recommendations for any
updates or revisions;
• In conjunction with Senior Management; establishing, revising, and maintaining an up to date compliance manual, as required by Section 34(2) of the FSC Act;
• Maintaining a register of compliance breaches, identifying any deficiencies and making regular assessment reports to the Board and Senior Management. The Compliance Breaches Register should at minimum contain information on the date, nature, and extent of each breach and whether the breach has been reported to the Commission.
• Ensuring that the licensee complies with its reporting obligations to the Commission, including complete and accurately submitted returns, filed within the relevant time period;
• Establishing and maintaining procedures for the monitoring and handling of complaints and keeping the complaints procedures under review;
• Monitoring client information/files to ensure that compliance related obligations are handled, investigated and resolved in a timely manner, in accordance with the licensee ’s compliance manual and its overall compliance programme;
• In conjunction with Senior Management, ensuring timely, effective and open communication with the Regulatory body, including submission of periodic regulatory reports; and
• Monitor the effectiveness of the Compliance Programme regularly, taking steps to introduce improvement when and where necessary.
Skills/Qualifications
➢ At least 3 years’ experience in a Compliance Officer or Assistant Compliance Officer position
➢ Sound knowledge of the laws and regulations promulgated by the BVI Financial Services Commission relative
➢ Understanding of the BVI Financial Services Industry
➢ Sound written, communication and report writing skills
➢ Problem solving skills, including attention to detail with accuracy
➢ Basic computer knowledge and skills
➢ Ability to organize and manage
To Apply: Send resume to mmora@pmalawyer.com and dhodge@pmalawyers.com