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Chief Compliance Officer (CCO)

thehivecareers.co2,874 open roles

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Bridgetown, Saint Michael, Barbados, Remote
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Remote
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Your applicationOpen nowChief Compliance Officer (CCO)thehivecareers.co · Bridgetown, Saint Michael, Barbados, Remote
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  5. 35.6%30 days
  6. 58.1%60 days
This job: first seen 5 days ago

The posting

Job Description: Chief Compliance Officer (CCO)

Industry: Banking, Financial Services, Insurance, Investment

Job Type: Full-Time

Reporting To: Chief Executive Officer (CEO) / Board Audit & Compliance Committee

Job Summary

The Chief Compliance Officer (CCO) is responsible for overseeing the organization's compliance framework, ensuring adherence to all regulatory requirements, internal policies, and ethical standards. This role leads the compliance function across banking, insurance, and investment operations, safeguarding the organization from legal, regulatory, and reputational risks.

The CCO plays a critical role in promoting a strong compliance culture and advising executive leadership on regulatory developments and compliance risks.

Key Responsibilities

1. Compliance Strategy & Framework

Develop and implement a comprehensive compliance program

Establish policies, procedures, and controls to ensure regulatory adherence

Define compliance risk frameworks aligned with business objectives

Promote a culture of integrity and ethical conduct

2. Regulatory Compliance & Oversight

Ensure compliance with applicable laws and regulations (central bank, insurance authority, securities regulators)

Monitor regulatory changes and assess their impact on the organization

Maintain strong relationships with regulators and supervisory authorities

Oversee regulatory reporting and filings

3. Compliance Risk Management

Identify, assess, and mitigate compliance risks across all business units

Conduct compliance risk assessments and monitoring activities

Develop and implement remediation plans for identified issues

Ensure alignment with enterprise risk management frameworks

4. Policies, Controls & Monitoring

Establish and maintain internal controls and compliance monitoring systems

Conduct regular compliance audits and reviews

Oversee implementation of policies across departments

Ensure proper documentation and record-keeping

5. Anti-Money Laundering (AML) & Financial Crime

Oversee AML, KYC, and financial crime prevention programs

Ensure compliance with AML/CFT regulations

Monitor suspicious activities and reporting processes

Collaborate with relevant authorities and internal teams

6. Training & Awareness

Develop and deliver compliance training programs for employees

Promote awareness of regulatory requirements and ethical standards

Ensure employees understand and adhere to compliance policies

Foster a compliance-driven organizational culture

7. Stakeholder & Regulatory Engagement

Act as the primary point of contact for regulators and auditors

Provide compliance updates to the Board and executive leadership

Coordinate with legal, risk, audit, and business units

Support regulatory inspections and audits

8. Leadership & Team Management

Lead and develop the compliance team

Establish performance standards and accountability

Support talent development and succession planning

Foster collaboration across departments

Key Requirements

Education

Bachelor's or Master's degree in Law, Finance, Business Administration, or related field

Professional certifications such as CAMS, CRCM, or similar are highly desirable

Experience

12–18+ years of experience in compliance, legal, or risk roles within banking, financial services, insurance, or investment sectors

Proven experience in senior compliance leadership roles (e.g., CCO, Head of Compliance)

Strong track record in regulatory compliance, AML, and governance

Skills & Competencies

Deep knowledge of regulatory frameworks and compliance requirements

Expertise in AML, KYC, and financial crime prevention

Strong analytical and risk assessment skills

Leadership and team management

Excellent communication and stakeholder engagement

Problem-solving and decision-making ability

High ethical standards and integrity

Key Performance Indicators (KPIs)

Compliance with regulatory requirements and audit outcomes

Effectiveness of compliance programs and controls

Reduction in compliance breaches and incidents

Timeliness and accuracy of regulatory reporting

Employee compliance awareness and training completion

Regulatory feedback and inspection results

Preferred Attributes

Experience in multinational or highly regulated financial institutions

Strong relationships with regulators and industry bodies

Exposure to digital compliance tools and regtech solutions

Ability to manage complex regulatory environments

Compensation & Benefits

Competitive executive salary

Performance-based incentives

Executive benefits and allowances

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