Risk and Compliance Specialist, Currency Department

CORE FUNCTIONS:

• Monitor transaction volumes and values across financial market infrastructures Bahamas Government Securities Depository BGSD, Real Time Gross Settlement System RTGS, and Central Bank Digital Currency — Sand Dollar Digital Currency) to identify transaction fraud patterns and or anomalies that deviate from expected activity, that may expose the Bank to legal. regulatory and or reputational risks. This includes investigating transaction anomalies, documenting and reporting the results to management and internal and external support departments, including the Bank's Money Laundering Reporting Officer (MLRO) and the Research and Bank Supervision Departments, to ensure the integrity of financial markets infrastructure
• Conduct scheduled review and benchmarking of financial market infrastructure policies and practices in accordance with best international standards and, where necessary, create and develop policies to heighten compliance around liquidity and custody arrangements. These reviews should also be planned to mitigate financial risks associated with payments and settlements transactions across the wider infrastructure, including CSD. RIGS and CBDC
• Monitor and review operational standards across various functional arms, including CSD RIGS and CBDC to promote compliance with operational workflows. This includes working with stakeholders to drive their compliance with legal and regulatory requirements and maintain process controls. Regular reviews of the outcomes should be conducted and reviewed against the Bank's risk framework, and where necessary adjustments or policy and procedural recommendations advanced to improve risk tolerances. The reviews should be coordinated to assess custody and credit risk of stakeholders to ensure that liquidity issues are identified. and addressed in each instance to mitigate payments and settlement risks. 

EDUCATION & EXPERIENCE REQUIREMENTS:

• Master's degree in accounting, economics, operations, quantitative methods, or a related quantitative discipline
• Sound knowledge of AMUCFT guidelines and practices. Certifications in compliance, and or risk management is a plus.
• An understanding of payment systems, the Principles of Financial Markets Infrastructure (PFMI), securities administration and operational risk management is a plus Strong understanding of market risk components and the ability to quantitatively measure risk in a dynamic market environment
• Sound knowledge of market modelling techniques, including simulations and optimisation techniques
• Sound knowledge of banking laws and central banking (functional knowledge of financial markets)
• Some knowledge of retail payments and securities settlement
• Working knowledge of spreadsheet applications and MS Office suite of applications
• Strong analytical skills to draw outcomes and forecast against key data points
• Five (5) years of related or transferrable experience (minimum).
• Good time management and organization skills
• Good oral and written communication skills 

Only shortlisted applicants will be contacted.