Risk & Compliance Consultant

Role Overview

The client requires an experienced Risk and Compliance Consultant to guide the design and development of a banking compliance, financial reporting, and fraud detection platform.

Core Objectives & Requirements

• Central Bank Reporting: Define and structure automated regulatory reporting to central banks in required formats.
• Sanctions & AML: Establish systems to enforce government sanctions, manage Anti-Money Laundering (AML) monitoring, and prevent financial crimes.
• Fraud Detection & Cybersecurity: Build fraud detection mechanisms and embed cybersecurity risk frameworks into platform processes.
• Cross-Border Transfers: Manage compliance and reporting protocols for both inbound and outbound international payments.

Required Knowledge & Regulatory Standards

• Standard / Framework
• Focus Area
• FATCA
• Basel
• OFAC
• Foreign Account Tax Compliance Act requirements.
• Capital adequacy, market risk, and operational risk standards.
• Office of Foreign Assets Control sanctions compliance.
• CFATF
• SWIFT CSP
• Local Banking Regulations
• Target Candidate Profile
• Caribbean Financial Action Task Force anti-money laundering guidelines.
• SWIFT Customer Security Programme guidelines for secure messaging.
• Specific regional central bank standards (nice-to-have, or equivalent global banking experience).

Background

• Prior experience working directly within a bank's Risk Management or Compliance division.

Institutional Experience

• Experience in major multinational banks (e.g., HSBC, Citi, Bank of America) or relevant domestic banking institutions.

Primary Role

Serves as a domain advisor and functional expert to guide platform design, rather than a technical software developer.