Senior Manager, Compliance & Data Privacy (Jamaica
The Senior Manager, Compliance & Data Privacy, will play a critical role in ensuring that the organization operates within the legal and regulatory frameworks governing Data Protection and Compliance. This leadership position requires a strategic thinker with an understanding of Data Protection laws, Compliance Standards, and the ability to implement and oversee effective Compliance and Data Privacy Frameworks including an Anti-money laundering and Counter Financing Terrorist (AML/CFT) Compliance Program. The incumbent will be responsible for managing a team, including an Assistant Manager- Compliance, to achieve organizational objectives in alignment with legal and regulatory requirements.
Employment Type: Permanent
Location: Kingston 5, Jamaica
Monthly salary: Negotiable based on relevant experience.
Vehicle Allowance: $75,369
Lunch Allowance: $18,400
Annual Uniform Allowance: $107,500
Compliance:
•Develop, implement, and manage an effective Compliance Management Framework and supporting program policies to ensure adherence to relevant laws, regulations, and industry standards.
•Conduct periodic Compliance Risk Assessment and Audits, as well as ongoing monitoring of activities to ensure compliance issues/concerns are being appropriately evaluated, investigated, and resolved.
•Identify measures to control and mitigate non-compliance occurrences, present recommendations for management’s consideration, and implement approved measures.
•Foster a culture of awareness and accountability regarding compliance by developing training programs for the Board and staff on the Compliance programs including AML/CFT.
•Interpret and analyze regulatory requirements and provide guidance to internal stakeholders, collaborating with them to resolve compliance related matters.
•Respond to regulatory inquiries and requests and assist in regulatory examinations and audits.
•Ensure the maintenance of accurate records and documentation related to compliance activities and reporting.
•Stay updated with relevant regulations, laws, and guidelines to ensure compliance with all regulatory requirements.
•Collaborate with cross-functional teams to integrate Compliance and Data Protection considerations into business processes, resolve Compliance issues and provide an understanding of the various legislations and guidelines.
Data Protection & Cybersecurity:
•Perform the role of Data Protection Officer for the Company.
•Inform and advise the Company and its employees of their compliance obligations under the various Data Privacy and Protection legislation.
•Promote a culture of Compliance with Data Protection and Cybersecurity legislation.
•Lead and provide expert guidance and oversight on all aspects of data protection and Cybersecurity compliance matters in collaboration with all relevant stakeholders.
•Act as the point of contact with regulatory authorities, internal and external stakeholders across all the Company markets.
•Identify and evaluate the Company data processing activities ensuring that all areas of the business are in alignment with Data Protection legislations.
•Conduct comprehensive Data Protection Impact Assessment (DPIAs) as required.
•Monitor compliance with data management procedures.
•Ensure the Company addresses all queries from data subjects within legal timeframes.
•Liaise with external stakeholders that process data on behalf of the Company, ensuring adherence to policies and procedures for Data Protection.
•Prepare and update detailed guidance documents on data protection policies as required.
•Perform reviews and determine whether any changes are required to policies and procedures to comply with regulations and guidelines issued by the regulatory authorities from time to time.
•Prepare and present regular reports to senior management and relevant stakeholders including the Executive Committee and Board of Directors on Compliance and Data Protection activities, Cybersecurity breaches, issues, and improvements.
•Responsible for promptly reporting Data Privacy breaches and submitting Data Impact Assessment Reports to Regulatory Authorities across all markets.
•Create and deliver training on Data Protection and Cybersecurity for employees, liaising with external Providers as needed, striving to ensure 100% completion amongst staff.
•Stays abreast of industry trends, recommends and implements changes to internal company processes as needed.
General:
•Create and maintain documentation that provides evidence of legal and regulatory compliance particularly with Data Protection.
•Support the business continuity activities including updating of plans and coordinating testing exercises.
•Monitor and review regulatory and legislative changes, preparing company’s response to regulatory changes and following up with appropriate areas to ensure required changes are implemented.
•Support the AVP by serving as a conduit of communication between employees and senior management on matters relating to compliance, data protection and cybersecurity as required.
•Lead and manage the Compliance team, including the Assistant Manager, Compliance. The Leadership of the team includes:
Performance Management:
– Set clear performance expectations, regularly monitor progress, and provide timely feedback and coaching to team members, ensuring they meet or exceed operational goals and objectives.
– Provide guidance to direct reports regarding the management of their respective employees, ensuring appropriate consultation with HR.
Talent Development: Identify high-potential individuals within the teams and create personalized development plans to nurture their skills and to position them for roles of greater responsibility.
Change Management: Lead and guide the teams through changes in processes, procedures, or organizational structure, promoting adaptability and minimizing disruption to operations.
•Task and duties of the job holder are not limited to the above listed and employee may be required to assist other employees/departments or requested to perform other/different duties from time to time associated with the role, which maybe suitable of the job description.
Experience Requirements:
•Five (5) years’ experience in a similar role at a Finance Institution (e.g. Compliance, and Data Protection).
•An additional degree in Compliance and/or Data Protection is an advantage.
•Knowledge of the legal and regulation framework applicable to Insurance Companies.
•Lead and manage the Compliance team, including the Assistant Manager, Compliance. The Leadership of the team includes:
•Performance Management:
– Set clear performance expectations, regularly monitor progress, and provide timely feedback and coaching to team members, ensuring they meet or exceed operational goals and objectives.
– Provide guidance to direct reports regarding the management of their respective employees, ensuring appropriate consultation with HR.
•Talent Development: Identify high-potential individuals within the teams and create personalized development plans to nurture their skills and to position them for roles of greater responsibility.
•Change Management: Lead and guide the teams through changes in processes, procedures, or organizational structure, promoting adaptability and minimizing disruption to operations.
•Task and duties of the job holder are not limited to the above listed and employee may be required to assist other employees/departments or requested to perform other/different duties from time to time associated with the role, which maybe suitable of the job description.
Education, Knowledge and Certification Requirements:
•Degree in Law, Management, Business Administration, Finance or Professional Qualification (e.g. ACCA or CMA).
•Certificates of completion from nationally recognized compliance association are preferred (ICAT, CAMS)
•Certificate in Data Privacy/Protection is an advantage.
•Proficient knowledge of other Microsoft Office Applications.
•Knowledge of statistics, data collection, analysis, and data presentation.
APPLICANT NOTE: We appreciate the interest of all applicants however, only candidates being screened will be contacted. Thank you for considering this opportunity with us.
Apply NowEmployment Type: Permanent
Location: Kingston 5, Jamaica
Monthly salary: Negotiable based on relevant experience.
Vehicle Allowance: $75,369
Lunch Allowance: $18,400
Annual Uniform Allowance: $107,500
Compliance:
•Develop, implement, and manage an effective Compliance Management Framework and supporting program policies to ensure adherence to relevant laws, regulations, and industry standards.
•Conduct periodic Compliance Risk Assessment and Audits, as well as ongoing monitoring of activities to ensure compliance issues/concerns are being appropriately evaluated, investigated, and resolved.
•Identify measures to control and mitigate non-compliance occurrences, present recommendations for management’s consideration, and implement approved measures.
•Foster a culture of awareness and accountability regarding compliance by developing training programs for the Board and staff on the Compliance programs including AML/CFT.
•Interpret and analyze regulatory requirements and provide guidance to internal stakeholders, collaborating with them to resolve compliance related matters.
•Respond to regulatory inquiries and requests and assist in regulatory examinations and audits.
•Ensure the maintenance of accurate records and documentation related to compliance activities and reporting.
•Stay updated with relevant regulations, laws, and guidelines to ensure compliance with all regulatory requirements.
•Collaborate with cross-functional teams to integrate Compliance and Data Protection considerations into business processes, resolve Compliance issues and provide an understanding of the various legislations and guidelines.
Data Protection & Cybersecurity:
•Perform the role of Data Protection Officer for the Company.
•Inform and advise the Company and its employees of their compliance obligations under the various Data Privacy and Protection legislation.
•Promote a culture of Compliance with Data Protection and Cybersecurity legislation.
•Lead and provide expert guidance and oversight on all aspects of data protection and Cybersecurity compliance matters in collaboration with all relevant stakeholders.
•Act as the point of contact with regulatory authorities, internal and external stakeholders across all the Company markets.
•Identify and evaluate the Company data processing activities ensuring that all areas of the business are in alignment with Data Protection legislations.
•Conduct comprehensive Data Protection Impact Assessment (DPIAs) as required.
•Monitor compliance with data management procedures.
•Ensure the Company addresses all queries from data subjects within legal timeframes.
•Liaise with external stakeholders that process data on behalf of the Company, ensuring adherence to policies and procedures for Data Protection.
•Prepare and update detailed guidance documents on data protection policies as required.
•Perform reviews and determine whether any changes are required to policies and procedures to comply with regulations and guidelines issued by the regulatory authorities from time to time.
•Prepare and present regular reports to senior management and relevant stakeholders including the Executive Committee and Board of Directors on Compliance and Data Protection activities, Cybersecurity breaches, issues, and improvements.
•Responsible for promptly reporting Data Privacy breaches and submitting Data Impact Assessment Reports to Regulatory Authorities across all markets.
•Create and deliver training on Data Protection and Cybersecurity for employees, liaising with external Providers as needed, striving to ensure 100% completion amongst staff.
•Stays abreast of industry trends, recommends and implements changes to internal company processes as needed.
General:
•Create and maintain documentation that provides evidence of legal and regulatory compliance particularly with Data Protection.
•Support the business continuity activities including updating of plans and coordinating testing exercises.
•Monitor and review regulatory and legislative changes, preparing company’s response to regulatory changes and following up with appropriate areas to ensure required changes are implemented.
•Support the AVP by serving as a conduit of communication between employees and senior management on matters relating to compliance, data protection and cybersecurity as required.
•Lead and manage the Compliance team, including the Assistant Manager, Compliance. The Leadership of the team includes:
Performance Management:
– Set clear performance expectations, regularly monitor progress, and provide timely feedback and coaching to team members, ensuring they meet or exceed operational goals and objectives.
– Provide guidance to direct reports regarding the management of their respective employees, ensuring appropriate consultation with HR.
Talent Development: Identify high-potential individuals within the teams and create personalized development plans to nurture their skills and to position them for roles of greater responsibility.
Change Management: Lead and guide the teams through changes in processes, procedures, or organizational structure, promoting adaptability and minimizing disruption to operations.
•Task and duties of the job holder are not limited to the above listed and employee may be required to assist other employees/departments or requested to perform other/different duties from time to time associated with the role, which maybe suitable of the job description.
Experience Requirements:
•Five (5) years’ experience in a similar role at a Finance Institution (e.g. Compliance, and Data Protection).
•An additional degree in Compliance and/or Data Protection is an advantage.
•Knowledge of the legal and regulation framework applicable to Insurance Companies.
•Lead and manage the Compliance team, including the Assistant Manager, Compliance. The Leadership of the team includes:
•Performance Management:
– Set clear performance expectations, regularly monitor progress, and provide timely feedback and coaching to team members, ensuring they meet or exceed operational goals and objectives.
– Provide guidance to direct reports regarding the management of their respective employees, ensuring appropriate consultation with HR.
•Talent Development: Identify high-potential individuals within the teams and create personalized development plans to nurture their skills and to position them for roles of greater responsibility.
•Change Management: Lead and guide the teams through changes in processes, procedures, or organizational structure, promoting adaptability and minimizing disruption to operations.
•Task and duties of the job holder are not limited to the above listed and employee may be required to assist other employees/departments or requested to perform other/different duties from time to time associated with the role, which maybe suitable of the job description.
Education, Knowledge and Certification Requirements:
•Degree in Law, Management, Business Administration, Finance or Professional Qualification (e.g. ACCA or CMA).
•Certificates of completion from nationally recognized compliance association are preferred (ICAT, CAMS)
•Certificate in Data Privacy/Protection is an advantage.
•Proficient knowledge of other Microsoft Office Applications.
•Knowledge of statistics, data collection, analysis, and data presentation.
APPLICANT NOTE: We appreciate the interest of all applicants however, only candidates being screened will be contacted. Thank you for considering this opportunity with us.
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