Compliance & Risk Manager

• Serve as a resource or liaison between the Virgin Islands Region, Retail Banking and Regulatory and Financial Compliance providing a range of support and analysis on compliance related issues.
• Examine established policies, procedures, and practices, ensuring compliance with applicable laws and regulations.
• Identify and escalate incidents and compliance issues; ensure that prompt action is taken to address any identified deficiencies to comply with regulatory standards.
• Develop and oversee control systems to prevent or deal with violations of legal guidelines and internal policies.
• Evaluate the efficiency of controls and improve them continuously.
• Review company processes and lead training sessions on legal and compliance issues.
• Manage and analyse cases of potentially suspicious activity from the automated monitoring system.
• Interact with branch personnel regarding unusual activity to determine if an appropriate resolution can be reached.
• Arrange compliance audits and communicate audit results and recommendations.
• Regularly assess the efficiency of control systems and recommend effective improvements.
• Stay abreast of changes to federal and state banking laws and regulations affecting the management, operations, and product offerings.
• Oversee the preparation and dissemination of new and updated compliance standards and procedures.
• Review and evaluate company procedures and reports to identify hidden risks or nonconformity issues.
• Develop and promote a culture of compliance within product, sales and service/operations area and key committees.
• required.

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