Expires: January 31, 2025
www.bvinews.com
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SOMASI Corporate Services Ltd. is seeking an Associate Director – Compliance, Regulatory and Client Services.
The successful candidate will have 8+ years’ experience in a management role in a financial services institution, with experience in compliance, regulatory and corporate matters. The role is diverse and includes providing high level support to the Managing Director and overseeing certain crucial functions of the business. The candidate will have oversight of the complianceand regulatory functions of the organization, including acting as Compliance Officer and Money Laundering Reporting Officer for the group. The ideal candidate will have documented experience in designing and implementing new policies and procedures in a financial services environment; particularly as it relates to compliance, regulatory and corporate transactions. As such, proven experience in designing and streamlining administrative policies and procedures is required.
Key Responsibilities
▪ overseeing and developing an effective compliance framework for our corporate and trust services operations. The role involves leading compliance frameworks, developing AML/CTF/CFP protocols, and ensuring the company’s adherence to all regulatory requirements as established by the British Virgin Islands Financial Services Commission (BVIFSC) and other relevant authorities
▪ advising on the design and implementation of systems of control relating to areas of compliance responsibility.
▪ overseeing the company’s regulatory and AML compliance regime and ensuring that the company complies with local legislation and regulatory obligations.
▪ participating in the development of operational plans, which incorporates goals and objectives for advancing the strategic direction of the company
▪ identifying and evaluating risks to the company and developing risk management policies and controls.
▪ Evaluation and remediation of business processes and systems.
Key Requirements and Qualifications
• Bachelor’s or Master’s degree in Law, Business, Finance, or related field.
• Professional certifications in compliance (e.g., ICA, ACAMS) preferred.
• At least 8 years documented experience in a senior / leadership role, including acting as a Compliance Officer, ideally within a financial services setting.
• In-depth and practical working knowledge of financial services compliance requirements,regulatory requirements, AML/CTF/CPF legislation, sanctions laws, and relevant international standards (FATF, OECD), and other pertinent regulations
• Strong analytical and critical thinking skills, as well as effective written and verbal communication, interpersonal and organizational skills, with the ability to interact effectively with regulators, management, and other stakeholders.
• Proficiency in compliance and AML software tools.
Interested candidates should send CV and covering letter addressed to the Managing Director at [email protected].
