Why did I study for the International Compliance Association ‘ICA’ qualification? It was December 2008, I was the Manager of Corporate Services at Butterfield Trust (Bahamas) Limited. The Vice President and Head of Fiduciary Service (my Boss) asked if I would like the challenge of heading a newly created department – Fiduciary Risk. One of the core roles of the new department was to ensure timely completion of AML/CFT and fiduciary risk assessments and reviews on clients. At that time in my career, I held an Associate Degree in Accounting and a Bachelor Degree in Business Management from The College of The Bahamas. I also held the STEP Diploma in International Trust Management and was TEP certified. My response was, ‘If I agree to head this department, will you approve me to undertake risk related studies. My Boss agreed the company would fund the cost, and during my goal setting for 2009, having completed my research, I selected the ICA program which included the Diploma in Anti Money Laundering and the International Diploma in Compliance.
The ICA program is in association with the University of Manchester, Manchester Business School, it is well structured, facilitated by local industry professionals, the class sizes were small and the meeting schedule was conducive to my busy work and home life. I concluded the AML Diploma in 2009 and the International Diploma in Compliance in 2010.
The impact of having the ICA qualification was pivotal to my career path and development. One of the bench mark qualifying standards in The Bahamas, the Caribbean region and around the world for those holding the post of Compliance Officer and Money Laundering Reporting Officers is the ICA designation. In late 2010 when the position of Compliance Officer & MLRO became available at Butterfield Bahamas, I held one of the qualifying standards of competence required by the Regulatory body and was approved for the position.