The BVI Financial Services Commission (“the Commission”) is seeking a highly motivated financial services professional to join its Legal Division in the role of Risk and Compliance Officer.
Candidates will join the Commission’s cadre of professionals dedicated to providing high-quality advisory, drafting, and compliance services. The Risk and Compliance Officer, based in the Governance, Risk and Compliance Unit of the Legal Division, must be highly analytical with strong problem-solving, risk management, and data analytics skills. The Officer will play a key role in supporting the development, implementation, and maintenance of the Commission’s risk management, governance, and compliance programmes. Responsibilities include identifying, assessing, and monitoring risks; developing and executing mitigation strategies; monitoring the Commission’s risk exposure and compliance with both internal policies and external obligations; and promoting a culture of ethical conduct, data-driven decision-making, and risk awareness across the organisation.
Candidates must adhere to the Commission’s service standards and strict requirements for confidentiality, demonstrate an ability to prioritize and manage competing priorities while maintaining keen attention to details and accuracy in the quality of work produced. Candidates will be evaluated based on the criteria below and will be required to complete assessments as part of the interview process.
Duties and Responsibilities:
Governance:
- Assist in the design and development of the governance framework;
- Review governance policies and procedures with a view to recommending and implementing changes for continuous improvements; and
- Promote a culture of integrity and ethical conduct.
Risk Management:
- Assist with the translation of the organisation’s strategic objectives and risk appetite into an enterprise risk management framework;
- Assist with the development and revision of risk appetite and risk tolerances;
- Develop risk management policies, procedures, templates and other documents to facilitate the operation, monitoring and reporting on the risk management framework;
- Draft policies, procedures and governance structures, and design systems and controls to facilitate the design, development and implementation of an operational risk management framework;
- Establish a methodology (and tools) for identifying, assessing, monitoring and prioritising potential risks;
- Develop and implement risk mitigation plans and monitor their effectiveness;
- Oversee and manage risk domain(s) with a view to ensuring risks are identified and mitigated in accordance with risk tolerances.
- Establish and Maintain the Commission’s risk register;
- Assist with the establishment and designation of roles and responsibilities for risk management across divisions;
- Conduct regular risk assessments and update risk profiles as needed;
- Assist divisions with root cause analysis for incidents and the implementation of controls;
- Assist with the development and promotion of a strong risk culture across the organisation;
- Promote the integration of risk management into strategic and operational decision-making processes;
Compliance:
- Assist in the development and implementation of a compliance framework, including the development of policies and procedures;
- Monitor the organisation’s compliance with laws, regulations and industry standards and other compliance measures and controls;
- Conduct compliance reviews to assess adherence to policies and regulations; and
- Investigate and resolve compliance issues and violations.
General:
- Research and analyse legal and regulatory frameworks relevant to the organisation's operations;
- Assist with the development and implementation of change management plans;
- Provide guidance on governance, risk, legal and regulatory compliance issues;
- Monitor changes in laws, regulations, external policies, industry standards and emerging risks and trends and best practices to determine their applicability to and effect on the organisation;
- Compilation and preparation of reports on governance, risk management and compliance activities;
- Collaborate with other divisions and functions to ensure that risk management and compliance are integrated into all aspects of the Commission's operations;
- Support various divisions to ensure business processes are documented and remain relevant through continuous improvements; and
- Communicate and liaise with relevant persons to ensure adherence to policies, procedures, relevant legislation and regulatory requirements.
- Develop and deliver training and sensitisation programmes on governance, risk management and compliance topics;
- Work with internal audit to assess the effectiveness of controls and compliance; and
- Undertake ad-hoc projects and any other duties assigned from time to time in accordance with the functions and objectives of the Commission.
Qualifications/knowledge and Experience required:
The minimum qualifications required to successfully perform the job are as follows:
- A Bachelor's degree in Risk Management, Finance, Business Management, Economics, Law or equivalent qualification;
- Professional Certifications in risk management, governance and compliance;
- At least seven (7) years of practising experience in the field of risk management, compliance or a related field. Experience in the financial services sector is beneficial.
- Strong business acumen and a strong understanding of enterprise risk management, operational risk, governance and compliance frameworks (experience establishing and implementing governance, risk and compliance frameworks, preferred);
- Excellent interpersonal, problem-solving, strategic thinking and analytical skills;
- Expert knowledge of the Virgin Islands’ regulatory framework, legislation and policies relating to the supervision of financial institutions;
- Excellent communication skills (both written and verbal) with the ability to interact professionally with clients, colleagues, and external parties;
- Ability to work independently and collaboratively in a fast-paced environment;
- Proven ability to deliver outputs in adherence to deadlines, service standards and company policies;
- Excellent organisational and time-management skills, with the ability to manage varied and multiple matters;
- Proficiency in office software (Microsoft Office Suite, Productivity Tools) and experience with risk management software and tools.
Competencies
- Attention to Detail - The ability to complete tasks thoroughly and accurately by noticing and correcting small errors and ensuring all work meets required standards.
- Integrity & Respect for Others - Demonstrating ethical behavior, protecting confidential information, treating others fairly, and addressing unethical actions when necessary.
- Innovation - The ability to create and implement new ideas, improve processes, and embrace change by challenging the status quo.
- Drive for Excellent Results - Maintaining high standards, continuously seeking self-improvement, and monitoring the quality of work to achieve outstanding results.
- Team Oriented - Working cooperatively with others through trust, respect, adaptability, and a focus on shared goals.
- Planning & Organising - Effectively managing time, tasks, and resources by setting clear goals, prioritising, and adapting plans to achieve high-quality outcomes.
- Risk Management - Identifying, assessing, and mitigating potential risks to protect projects and organisational objectives.
- Analytical Problem Solving - Breaking down complex problems, identifying root causes, and using evidence-based methods to find effective solutions.
- Investigative Thinking - Systematically gathering and analysing information to uncover hidden facts, patterns, and connections in unclear or complex situations.
Applicants must submit the following:
- Cover letter indicating the position being applied for;
- Resume;
- Two (2) professional reference letters;
- One (1) personal reference letter;
- Certified copies of identification; and
- Certified copies of academic certification and or diplomas
Notice: Applicants must upload all required documentation through BambooHR using the link in this advert. Please do not submit hard-copies unless directed to do so. Only potential candidates will be contacted.
Disclaimer
This job description is meant to describe the general nature and level of work required for the position advertised. It is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required. The successful candidate will be required to follow any other job-related instructions and to perform other job-related duties as requested.
Closing Date: 15 October 2025