Legal and Compliance Officer

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The incumbent is responsible for ensuring the effective implementation of policies, programmes, procedures, and controls to prevent and detect money laundering and terrorist financing activities in accordance with the relevant statutes and the BOJ Guidance Notes.

Stewart Finance Jamaica Limited (SFJL), a motor vehicle financing company, is seeking to hire a highly experienced and qualified professional who has worked in the banking and financial industry with knowledge and experience in risk management and mitigation and legal and compliance matters, to fill the position of: -

LEGAL AND COMPLIANCE OFFICER

Job Summary : The incumbent will report to the Board of Directors and General Manager, with responsibility for ensuring the effective implementation of policies, programmes, procedures, and controls to prevent and detect money laundering and terrorist financing activities in accordance with the relevant statutes and the BOJ Guidance Notes.

The key duties of this position include:

Developing, maintaining, and executing an effective Anti-Money Laundering (AML)/Combating the Financing of Terrorism (CFT)/ Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF) Compliance Programmes designed to ensure the company’s supervision and controls meet regulatory requirements and industry best practices and to effectively manage and mitigate risk. This includes designing and implementing training programmes and materials for employees and designing and implementing policies and procedures regarding transaction monitoring, investigation management and risk assessment.

Preparing AML/CFT/ATF Compliance Programmes, Corporate Governance Policies and procedures and ensuring that these policies and procedures are disseminated to the Board, management, and employees.

Overseeing the updates and approval of AML/CFT/ATF Compliance Programmes and Corporate Governance Policies on an annual basis. Suggesting Improvements and compiling for presentation to the Board of Directors for Approval.

Guiding the process of Know Your Customer (KYC) in compliance with AML/CFT policies and providing requisite updates to the team based on AML guidelines received from the FSC.

Providing guidance to employees on the identification of suspicious transactions.

Reporting to the Board (or other such governing body) and senior management at least once a year, or more frequently, if warranted, on the Money Laundering (ML) and Terrorism Financing (TF) risks faced by the institution, and the effectiveness of the institution’s AML/CFT framework.

Reporting to the Financial Investigation Division (FID) all activities / transactions as required under the relevant statutes and the Bank of Jamaica (BOJ) Guidance Notes.

Ensuring all policies are kept current, are approved, and that company members are aware of their implications, e.g., regulatory Proceeds of Crime Act (POCA) and Corporate Governance.

Maintaining current awareness about company law in our jurisdiction and recommending changes to processes as required.

Ensuring that risk assessments are conducted and overseeing those risk assessments to ensure that appropriate risk profiles are assigned and appropriate mechanisms are implemented.

Acting as liaison between the institution and the BOJ and law enforcement.

Competencies, qualifications, and experience required.

A bachelor’s degree in law

A minimum of 5 years’ experience in a similar capacity, preferably in the banking and financial sector

Certified AML Professional and/or Certified Anti Money Laundering Specialists (CAMS) Certification, will be an advantage.

Thorough working knowledge of the Companies Acts, Securities Acts, Stock Exchange Rules, and Anti-Money Laundering/Counter Terrorism Financing Acts and of applicable requirements of the security regulators throughout the region and can provide guidance to the institution in establishing and maintaining the requisite controls, policies, and procedures in accordance with the statutory requirements.

Ability to interpret complex regulatory requirements and create appropriate policies, procedures, and training materials.

Ability to build trust, value others, communicate effectively, drive execution, foster innovation, focus on the customer, collaborate with others, solve problems creatively and demonstrate high integrity.

Working knowledge of Microsoft applications.

Good time management skills to meet strict deadlines.

Must have clean police record.

Interested candidates must send their application and resume.

We appreciate all applications; however only shortlisted candidates will be contacted.

Ref: Legal and Compliance

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Stewarts Automotive Group

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49 1/2 South Camp Road, Kingston 4

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