The City of Bridgetown Co-operative Credit Union Ltd has a vacancy for a Compliance Officer.

In collaboration with the Chief Legal and Compliance Officer, the successful candidate will be responsible for ensuring that the Credit Union operates in full compliance with its internal policies and procedures along with its legal and regulatory obligations. The Compliance Officer will be required to monitor and maintain a robust Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) framework for the Credit Union.

Overall, the Compliance Officer is expected to be a champion of good governance within the Credit Union and to actively contribute to the fostering of an effective Compliance culture within the organisation.

The Role

The key responsibilities will include:

1. Ensuring that the organization is fully compliant with its internal AML/CFT policies and procedures as well as the AML/CFT requirements of the Financial Services Commission (FSC) and/or any other regulatory body.
2. Co-ordinating with Management to identify Compliance Risks, conducting risk assessments on the Credit Union’s operations, products and services and establishing effective systems to mitigate/eliminate any deficiencies identified.
3. Conducting daily transaction monitoring through the use of Transaction Monitoring Software.
4. To evaluate suspicious transaction reports (STRs) for escalation to the Chief Legal and Compliance Officer and/or the Financial Intelligence Unit as appropriate.
5. To provide/oversee yearly Compliance Training for all Staff and Elected Officials of the Credit Union.
6. To process and handle all Declaration of Source of Funds (DSF) Forms and to ensure that they are safely stored to allow for easy retrieval if necessary.
7. To monitor the ongoing regulatory requirements of the Laws of Barbados, Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS), Guidelines of the FSC, FIU or other regulatory body, to advise management of any changes in these requirements and to put systems in place to ensure compliance with the same.
8. To ensure that all Regulatory filings are done in a timely manner as required.

Qualifications

The ideal candidate should be of unimpeachable character, an excellent communicator, team player, independent and creative thinker and should possess the following:

• A Bachelor’s Degree in Finance, Law, Business Administration, Business Management or a related field
• At least three (3) years’ experience within a regulated financial institution or in a related business environment. Experience working for or liaising with the FSC would be an asset.
• Certification from ACAMS, ICA or any other Compliance designation would be an asset.
• Superior interpersonal, leadership, negotiating, analytical and problem solving abilities
• Ability to work under pressure and meet deadlines
• Ability to use initiative, work independently and exercise sound judgement.
• Ability to read, analyse, interpret and use complex documents and forms
• Proficient in the use of Microsoft Office Suite.

Please apply with full details including names and contact information for three (3) business references no later than Friday, 3 October 2025 to:

VACANCY – Compliance Officer
Chief Talent Development Officer
City of Bridgetown Co-operative Credit Union Ltd
“COB Business Centre”
Lower Broad Street
BRIDGETOWN                              OR email hr@cobcreditunion.com