Internal Position No.: 
16 of 2021

Role Summary

The successful applicant will serve as the technical driver for the AML/CFT Implementation unit with responsibility for ensuring progress at each phase of implementation and review of the recommendations emanating from the Virgin Islands’National Risk Assessement (NRA) in preparation for the upcoming Caribbean Financial Action Task Force’s Mutual Evaluation.

Main Responsibilities

1. Producing performance reports and information/data analysis in respect of sectoral implementation of recommendations emanating from NRA Report. 
2. Coordinating the review of Action Plans for the implementation of recommendations contained in the reports as submitted by the relevant agencies (this will require coordination with the relevant agencies to ensure that the recommendations/reforms are effectively executed);
3. Developing templates for the Law Enforcement Agencies (LEAs), Competent Authorities (CAs) and other Key Governmental Agencies (KGAs) to gauge whether and how the recommendations are being implemented; 
4. Preparing follow-up reports as required, by analysing technical compliance with the FATF Recommendations and effectiveness of Implementation;
5. Liaising with LEAs/CAs/KGAs as necessary on the progress/status  of their implementation plans;
6. Performing ongoing monitoring of progress and developing good working relationship with the relevant CAs/LEAs/KGAs, helping them to understand the FATF requirements;
7. Enhancing and strengthening the capacities of CAs/LEAs/KGAs engaged in AML/CFT matters or with a nexus to the Territory’s AML/CFT framework to increase their understanding of the impact of the requirements of the FATF 40 Recommendations and Methodology for Assessing Compliance with the FATF 40 Recommendations and the effectiveness of AML/CFT systems;
8. Establishing and maintaining effective working relationships with the relevant sectors;
9. Coordinating public education awareness on AML/CFT matters and ongoing AML/CFT training for relevant sectors as needed;
10. Developing and implementing on AML/CFT training strategy for all relevant sectors, including develop training materials and effectively executing such training;
11. Educating and sensitizing the public and secondary/tertiary education institutions on AML/CFT issues;
12. Reporting to the National AML/CFT Coordinating Counsel on the progress of the Territory’s implementation efforts;
13. Supervising the Unit and ensuring that work is distributed, monitored and assessed to ensure proper implementation of the various Action Plans; and
14. Perform any other related duties as required by the Deputy Financial Secretary in order to contribute to the effectiveness and efficiency of the Department.

Minimum Qualifications

Bachelor’s degree or Master’s Degree in Business, Finance, Law or related field 
AML/CFT Implementation Qualification
3-5 Years Senior Level Professional experience in AML/CFT Assessments/Evaluations across law Enforcement/competent authorities sectors
Technical understanding of FATF Recommendations and Methodology for assessing technical compliance and effectiveness of AML/CFT systems
Sound knowledge of Territory’s AML/CFT laws, regulations and guidelines
Excellent Leadership skills
Excellent IT skills, analytical skills, written and verbal communications skills
Sound decision-making skills
Sound knowledge of Project Management
Ability to demonstrate a high level of accuracy and timeline sensitivity
Ability to demonstrate Teamwork and Resource Management
Ability to assess results and analyse trends
Ability to use and analyse statistical data to make forecasts and project projections and
Ability to understand the specific ML/TF impacts and provide recommendations for appropriate solutions to mitigate  those risks
Closing Date: 
Saturday, 26 June 2021
Vacancy Listing: