Applicants are hereby invited to apply for the position of Manager – Legal-Regulatory (Management Grade 1) within our Legal, Compliance, and Governance Unit (L, C&G).

Applications are to be submitted on or before March 19, 2025

JOB SUMMARY

The incumbent will prepare, maintain, and monitor regulatory compliance programs for First Citizens Holdings Limited and First Citizens Bank Limited, both locally and regionally. This role involves proactively managing compliance risks and preparing documents for the Group Oversight Committee and the Board of Directors regarding local and regional regulatory matters, including FATCA and CRS submissions.

KEY DUTIES AND RESPONSIBILITIES

• Manages, monitors, reports, and implements systems and procedures to ensure the Companies comply with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) with the respective legislation and guidelines.
• Collaborates with and guides Information Communication and Technology, Retail and Commercial Banking Unit on matters related to FATCA and CRS to ensure compliance
  • Liaises with the relevant authorities such as the Central Bank of Trinidad and Tobago (CBTT), Ministry of Finance and Board of Inland Revenue to ensure regulation by the Companies for FATCA and CRS submission and respond to their queries when necessary.
  • Ensure that the necessary FATCA and CRS policies and procedures required for compliance with the reporting requirements are in place.
• Advises the Central Bank of Trinidad and Tobago and the BIR where issues arise that may impact the Company’s ability to comply with FATCA / CRS legislation or guidelines.
• Conducts annually, a self-assessment for each company's compliance with the requirements of the FATCA and CRS legislation and guidelines and submits the results of the assessment to the CBTT in such time and manner as the CBTT may request.
• Reports to the Board of Directors, at least annually, on each company’s compliance framework which includes its deficiencies and all incidents of non-compliance with the requirements of the FATCA and CRS legislation and guidelines.
• Prepares, and implements tailored training and awareness programs for FATCA, CRS, and general regulatory compliance matters.
• Monitors and manage the compliance risks associated with the Companies new and existing business activities by working with each Company, Business Unit (branch, revenue-generating centre, cost/support centre);
• Review and analyze compliance data received from the Companies, Business Units, and supports Centre.
• Review and analyze tire regulatory compliance programs for each Company, Business Unit and Support Centre on a biennial basis or as directed by the Senior Manager, Compliance;
• Liaises with regulators and audits to resolve Regulatory compliance issues;
• Perform all other duties, assignments and special projects as assigned by the Board of Directors and Senior Management relative to the Function.

 QUALIFICATIONS AND EXPERIENCE

• Candidates must possess a Bachelor’s Degree in Law or any related field from a recognized professional body and a minimum of three (3) years of progressive experience in a legal environment with at least one (1) year at a Supervisory Level OR
• An Executive Diploma/Diploma in Law or any related field from a recognized professional body and five (5) years progressive experience in a legal environment at least two (2) of which must be at a Supervisory Level OR
• A GMDP Certificate and seven (7) years of progressive experience in a legal environment, of which three (3) years must be at a Supervisory Level
• A Legal Education Certificate from a reputable Law school (or a similar qualification such as a Legal Practice Course (LPC) qualification)  will be an asset
• Candidate must also possess 2 years of experience in a financial institution

KNOWLEDGE, SKILLS AND ABILITIES

• Working Knowledge of relevant legal and regulatory requirements locally in a financial institution
• Working knowledge and understanding of the economic and general business environment and the banking and financial services industry
• Strong leadership, managerial, problem solving and analytical skills
• Ability to maintain utmost confidentiality in all aspects of this position
• Strong communication and presentation skills