Compliance Analyst

JOB DESCRIPTION

Compliance Analyst

Tortola, British Virgin Islands

Monday-Friday, 8:30 AM-5:00 PM

Onsite

The Compliance Analyst has the responsibility for obtaining, analyzing, and maintaining client due diligence (CDD) information to ensure CSC BVI is fulfilling its legal and regulatory obligations

Duties and Responsibilities:

• Ensure CDD is scanned and updated to ViewPoint.
• Update ViewPoint in a timely manner with any new client details that are made available.
• Conduct scrubs in the WorldCheck database in line with the compliance policy manual, reporting any adverse information to the Client Relationship Manager / Compliance Officer in a timely manner.
• Determine and notify the Business Team of CDD required for specific entity types, depending on transaction type and risk rating.
• Where high-risk elements have been identified, review PEP and LAC forms to ensure full completion; incorporate Compliance notes and risk details and prepare and circulate PEP/LAC applications for consideration.
• Following the LAC meeting, advise the Business Team of the PEP Committee and LAC decisions, prepare the LAC summary, action any conditions imposed by LAC, and ensure ViewPoint is updated.
• On an ongoing basis, communicate with the Business Team regarding outstanding CDD for client entities and all relevant related parties as well as ensure that current and accurate contact details are maintained in ViewPoint
• Where CDD remains outstanding, monitor and chase the Business Team at regular intervals for up to three months at which time, escalate to Compliance Officer and Senior Management
• Ensure that all relevant CDDs from Internet research as well as CDD received from client contacts and intermediaries are stored in ViewPoint with all appropriate notes and approvals conducted where appropriate.
• Provide KYC advice and guidance on an ongoing basis to the Business Team.
• Review and analyze specific client files to ensure compliance with applicable AML (and related) requirements and consider whether risk ratings should be adjusted.
• Account for time spent on CDD analysis and enter chargeable time for high-risk reviews, PEP and LAC approvals, CDD onboarding fees, etc.

• University degree or equivalent combination of education and experience with a professional anti-money laundering qualification.
• Analytical - Ability to systematically and accurately review documents and files for necessary data, check records for accuracy, update documents to completion, and retrieve data to answer questions
• Knowledge - Understanding of compliance reporting principles, corporate governance, relevant local AML regulations, and best practices
• Project Management - Assist with projects and provisions of status updates to senior management
• Reporting - Communicate clearly and objectively on work completed and the status of client matters
• Training - Ability to guide and assist junior team members with new skills and knowledge that will enhance their product and add value to the client service offering

• Accountability - Adhere to deadlines and appointments; act in accordance with organizational and quality standards; take responsibility for own actions whilst completing work in an efficient manner
• Adaptability - Continue to work effectively when tasks change; not lose balance when workload increases; able to handle feedback and challenges, remain focused when given a deadline
• Attention to Detail - Remain focused when dealing with detailed information; check your own work for accuracy
• Communication - Effectively convey information and express thoughts and facts; demonstrate effective use of listening skills and is open to colleague's ideas and thoughts; is able to develop professional relationships with colleagues and clients from all walks of life and with multi-cultural backgrounds
• Client Focus - Monitor and meet the needs of clients, responding to them in a timely manner and continuously seeking to provide the highest quality service - ensuring client satisfaction
• Integrity - Adhere to commitments and treat all equally, respectfully, and without discrimination
• Leadership - Demonstrate awareness of the ways in which own actions impact the team; Demonstrate fairness in all actions by setting the standard and acting as a role model for others to follow
• Occupational Knowledge - Demonstrate proficiency in the role and commitment to continuous learning, improvement, and development to include the application of changes in relevant laws and legislation, technology (hardware, software, equipment, and processes)
• Proactivity - Commence tasks and duties without the line manager's request; proactively seize opportunities that will assist the team and improve services
• Teamwork - Work cooperatively and effectively with others to achieve common goals