EMPLOYMENT TYPE: Permanent DEPARTMENT: Risk & Compliance DIVISION: Private Client Services WORKPLACE STRUCTURE: Hybrid Role Overview PURPOSE OF JOB Act as the Compliance Officer (“CO”) and Money Laundering Reporting Officer (“MLRO”) and provide compliance and administrative services to JTC’s regulated entities based in The Bahamas. Main Responsibilities And Duties MLRO and Compliance Officer JTC regulated entities in The Bahamas. Receive and assess internal STRs, undertake external reporting and ongoing management of AML/CFT concerns for the Company. Maintain records of internal and external STRs and all related documentation. Prepare and table MLRO reports at relevant board meetings as and when necessary, highlighting shortcoming of internal controls and provide recommendations accordingly. Be the point of contact for the Financial Intelligence Unit (FIU) and any other bodies for the purpose of AML/CFT. Be the point of contact for the Central Bank of the Bahamas (“CBoB”) and the Securities Commission of the Bahamas (“SCoB”). Liaise with the FIU and, if required, the CBoB or SCoB, and participating in any other third-party enquiries in relation to money laundering or terrorist financing prevention, detection, investigation or compliance. Provide training to staff and external directors when required on AML/CFT matters including filing of STRs and avoidance of tipping off. Assist the relevant board with production of AML and Enterprise business risk assessments. Production of risk & compliance reports highlighting relevant risks and compliance matters to the Board. Maintenance of AML/CFT policies & procedures relevant to The Bahamas. Oversee the compliance monitoring programmes (performed by IOM and Caribbean Teams) to ensure they are conducted on schedule and in accordance with the monitoring plans. Maintain a high level of technical knowledge on legislation, guidelines, codes and other legal matters. Completing ad-hoc Risk & Compliance projects. Promote awareness of regulatory principles and requirements on a day-to-day basis and maintain an up to date. understanding of the relevant legal and regulatory requirement. Adhere to Risk & Compliance procedures in relation to regulatory requirements and AML/CFT legislation. Ensure own knowledge of, and compliance with policies and procedures. Adhere to CPD requirements in according with regulatory requirements and in-house procedures. Attend relevant seminars and conferences. Adhere to JTC core values and expected behaviours. Undertake any other duties as deemed necessary by Management. Essential Requirements Relevant professional qualification such as ICA (or equivalent), an accountancy degree, a qualifying law degree as recognised by either the Bar Standards Board or the Solicitors Regulatory Authority. Membership of a recognised compliance, risk or relevant professional body. A minimum of five years of experience in compliance, regulatory frameworks and AML. Good knowledge of AML/CFT/CPF laws, regulatory reporting obligations and corporate governance. Strong analytical, risk assessment, and investigative skills. Excellent communication skills, both written and verbal, with the ability to influence senior stakeholders. Demonstrate ability to manage teams, lead regulatory initiatives, and engage cross functional stakeholders. Experience presenting to senior management. Ability to work independently, manage competing priorities, and remain composed under pressure. Commitment to continuous professional development and regulatory awareness. Proficient in Microsoft applications, particularly strong Excel skills and SharePoint knowledge would be beneficial.
As the Compliance Officer (CO) and Money Laundering Reporting Officer (MLRO) at JTC's regulated entities in The Bahamas, your primary responsibility will be to provide compliance and administrative services. You will be tasked with receiving and assessing internal Suspicious Transaction Reports (STRs), undertaking external reporting, and managing Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) concerns for the Company. Your duties will include maintaining records of internal and external STRs, preparing and presenting MLRO reports at board meetings, and acting as the point of contact for regulatory bodies such as the Financial Intelligence Unit (FIU), the Central Bank of the Bahamas (CBoB), and the Securities Commission of the Bahamas (SCoB). In addition to your core responsibilities, you will be required to provide training to staff and external directors on AML/CFT matters, assist in the production of AML and Enterprise business risk assessments, oversee compliance monitoring programs, and ensure adherence to AML/CFT policies and procedures relevant to The Bahamas. You will also be responsible for maintaining a high level of technical knowledge on legislation, guidelines, and codes, completing ad-hoc Risk & Compliance projects, and promoting awareness of regulatory principles on a day-to-day basis. To qualify for this role, you must possess a relevant professional qualification such as ICA (or equivalent), an accountancy degree, or a qualifying law degree recognized by either the Bar Standards Board or the Solicitors Regulatory Authority. Membership of a recognized compliance, risk, or relevant professional body is essential, along with a minimum of five years of experience in compliance, regulatory frameworks, and AML. Strong analytical, risk assessment, and investigative skills are required, as well as excellent written and verbal communication skills and the ability to influence senior stakeholders. Moreover, you should demonstrate the ability to manage teams, lead regulatory initiatives, engage cross-functional stakeholders, and present to senior management. Proficiency in Microsoft applications, particularly strong Excel skills, and knowledge of SharePoint would be beneficial. A commitment to continuous professional development, regulatory awareness, and adherence to Risk & Compliance procedures is essential. Your dedication to upholding JTC's core values and expected behaviors, along with the willingness to undertake any additional duties deemed necessary by Management, will be crucial for success in this role.,