Carolyn Patricia Thompson

Oversight of the day-to-day banking activities including monitoring and managing of client relationships, monitoring of the bank's treasury function, and oversight of staff. Oversight and preparation of regulatory filings, government filings, annual financial statements, reporting to the Board of Directors, and management and oversight of monthly office expenses.

Oversight of the bank's compliance function and risk management including fulfilling the role of Money Laundering Reporting Office (MLRO) and Anti Money Laundering Compliance Officer (AMLCO).

Creating and updating of all bank's policies and procedures.

Review and restructuring of newly acquired business - Initial project involved the review and restructuring of Authorized Agent Business for Cayman Islands Category B Banks. Drafting of Policies and Procedures for the business line, drafting of business plan for the business line, preparation for Cayman Islands Monetary Authority onsite inspection, restructuring of files. Review of Authorized Agents entities to determine type of business and risks involved, and reporting to management on findings and recommendations.

Review of a sample of acquired Trust Business and reporting to management on findings and recommendations.

Management of the Compliance and Operational Risk function of the bank, including fulfilling the role of MLRO. Responsibilities included review and approval of client onboarding, management and reporting of litigation cases, risk events, customer complaints, large and suspicious transactions. Maintenance and monitoring of Watch List items, facilitate monthly Risk Assessment meetings, management of various compliance projects. Primary liaison for regulatory and audit, etc.

Onsite and offsite management of regulation of Bank licensees and Money Services Businesses (MSBs) to ensure compliance with regulatory laws and requirements including Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT). Responsibilities include chairing meetings with licensees, planning, directing and controlling of the division in the absence of the Head of Banking with specific responsibilities for supervising a team of 24 staff members. Implementing new supervisory methodologies, including the requirements of Basel II and the Financial Action Task Force (FATF) Revised Core Principles for Effective Banking Supervision, participating in Management Committee (MC) meetings and making recommendations for the licensing of banks and other non-banking financial institutions. Overseeing the onsite inspections of banks and MSBs, liaising with Senior Bank Representatives, and overseas Regulators. Representing the Authority at local and overseas meetings, conferences and supervisory colleges. Preparation of quarterly Board Reports, supervision and coaching of team members and supporting each member's overall growth and career development.

Responsibilities include review and sign off on analyses of licensees' Quarterly Returns, review and sign off of various approvals for licensees in accordance with laws and regulations review and approve minutes for meetings held with licensees, review of various papers and reports to MC. Training and development of staff, implementing new supervisory procedures particularly for the onsite inspection function reviewing and revising onsite inspection reports, chairing meetings with licencees and enteral audit firms, monitoring and maintaining of watch list report, keeping abreast of events in the international financial markets, along with other ad hoc tasks and special projects.

Providing support to the HR Manager with the recruitment and HR management of employees. Maintaining staff attendance records, job advertisement, conducting interviews, processing work permits and employee contracts, arranging of official travel, and dealing with a variety of other human resource matters.

Responsibilities include developing, formulating and updating of policies for each regulatory division within the Authority. Coordinating and formulating of the Authorities Annual Report, developing and formulating Statements of Guidance, Rules and Cost Benefit Analyses of the Rules for industry relating to each financial sector.

In addition to the responsibilities listed under Banking Analyst below, Senior Banking Analysts responsibilities include planning and conducting of onsite inspections of licensees in order to determine that each is in a sound financial position and in line with regulatory laws and requirements. Taking on additional projects assigned by the Head and Deputy Head of the Banking Supervision Division including research projects and special reports to the Board of Directors. Supervision and coaching of a team of Analysts.

Managing a portfolio of bank and trust companies to ensure compliance with relevant laws and regulations, analyzing quarterly returns and annual financial statements of licensees, drafting correspondence relating to assigned portfolio of banks and trusts, and investigating consumer complaints relating to the industry. Keeping abreast of all financial, legal and economic events locally and abroad and what impact those events could pose to the local banking industry. Drafting of various papers and reports to the Board of Directors and MC related to licensees or prospective licensees.

Facilitated with the administration of a portfolio of trust clients. Responsibilities included assisting the Senior Trust Officer with the preparation of documentation for the setting up of trust structures, client correspondence, distribution payments, and other various trust administration procedures.

Facilitated with various banking activities including the preparation of account debits and credits, wire transfers, accepting of deposits, etc.