Head of Compliance

Description

The successful candidate will report to the Board and is accountable for providing strategic leadership and executing the organization’s mandates related to anti-money laundering, counter-terrorism financing, and counter-proliferation financing supervision, monitoring, and enforcement.
  
This role involves overseeing a risk-based approach to regulation for legal professionals and firms operating in the jurisdiction, ensuring the organization functions as an effective, fair, transparent, and efficient regulatory authority. The goal is to uphold the highest compliance standards, thereby enhancing public trust and confidence in the legal sector, both locally and internationally.
  
Key Responsibilities:

• Lead the organization’s efforts as an AML supervisory authority, ensuring the delegated mandate is fulfilled.
• Oversee daily operations to guarantee smooth functioning of the regulatory body.
• Deliver on performance targets agreed with government authorities and manage financial aspects, including the preparation of annual reports.
• Oversee the organization’s annual budget management.
• Maintain a register of Designated Non-Financial Businesses and Professions (DNFBPs) in compliance with applicable regulations, ensuring robust supervisory processes are in place.
• Implement training programs to develop necessary technical skills and capabilities within the organization, conducting regular training needs assessments.
• Provide leadership and guidance to staff, fostering a supportive work environment.
• Set the strategic direction for the organization, ensuring resources are effectively utilized and that the necessary skills are recruited and developed, with funding initiatives as needed.
• Seek innovative partnerships to enhance organizational output, cultivating relationships with other regulatory bodies and law enforcement agencies at various levels.
• Conduct research and present relevant information to stakeholders to facilitate project and objective execution.
• Advocate for potential legislative or regulatory changes to improve AML/CFT/CPF processes benefiting the public and the legal profession.
• Contribute to responses to external policy consultations or correspondence from government or other stakeholders.
• Raise awareness of the organization’s functions among the public and private sectors to improve visibility and reputation.
• Participate in preparation initiatives for external evaluations, such as the Financial Action Task Force (FATF) assessment.
• Perform additional duties as required.

  
Qualifications:

• Professional qualification in law, finance, accounting, or a related field.
• Formal AML/CFT/CPF compliance certifications such as ACAMS, ICA, CFE, or equivalent are desirable.
• At least 10 years of senior-level experience in a financial or legal environment focused on AML/CFT/CPF compliance or supervision. Experience with a supervisory authority or professional body in a regulatory capacity is a plus.
• Demonstrated experience in budget and financial management.
• A proven track record of high-level professional accomplishments, capable of representing the organization with credibility and authority.
• Experience in a start-up or growing regulatory entity is highly advantageous.
• Current knowledge of AML/CFT/CPF trends and emerging risks affecting the legal sector on local, regional, and international levels.

  
  
Compensation: The successful candidate will receive a competitive compensation (up to CI$175k) and benefits package aligned with their experience and qualifications.
  
If you have the necessary experience and qualifications for this role, we invite you to apply or send your application to richmond@steppingstonesrecruitment.com