Compliance Administrator

Responsible for supporting the Compliance Team in ensuring that all cambio, remittance and microcredit operations adhere to the relevant laws, regulations and internal policies.

• Perform initial and ongoing KYC reviews for Cambio, remittance and microcredit clients
• Assist in verifying customers identity documents, screening against sanctions/global watchlists and updating customer risk profiles
• Generate and review activity reports to identify usual or suspicious patterns
• Escalate any red flags or discrepancies to the Senior Compliance Officer
• Assist with the preparation and filing of regulatory reports (Threshold Reports, Suspicious Transaction Report (STRs) etc.
• Provide administrative support with client files and documentation
• Aid in coordinating and tracking completion of mandatory compliance and AML/CFT training for staff
• Respond to day-to-day compliance queries from operational teams regarding Cambio, remittance issues/concerns, or lending guidelines
• Provide documentation and support during internal and external compliance audits, regulatory assessments or third-party reviews
• Assist in conducting periodic risk assessments for Cambio, remittance corridors, microcredit product lines
• Investigate and immediately report all issues of non-compliance to Senior Compliance Officer
• Prepare a written summary report of compliance findings on a weekly basis for the manager’s review
• Maintain a thorough knowledge of all Regulatory Acts, Manuals and Standard Operating Procedures to include keeping abreast of all amendments as outlined by the various regulatory authorities under whose guidelines the company operates

• Associate Degree in Business Administration or any other business-related field
• Adequate knowledge of AML/CFT requirements and regulations
• Knowledge of the Banking Laws, the Bank of Jamaica Act and other similar legislation related to the financial sector
• Understanding and knowledge of financial services, e.g., loans, remittance & cambios and bill payments

• Minimum of 2 years’ experience in audit, regulatory compliance, or related field
• At least 2 years’ experience in a financial sector
• Minimum of one year’s experience in Anti Money Laundering (AML) compliance within the financial industry