The Compliance Officer is responsible for administering Grand Bahama Power Company's enterprise-wide compliance framework to ensure adherence to applicable legislation, Utility Regulation and Competition Authority (URCA) regulations, license obligations, the GBPC Consumer Protection Plan, corporate policies, and governance standards. The role provides independent oversight of compliance activities across the organization by identifying and assessing compliance risks, conducting compliance reviews and quality assurance activities, monitoring regulatory obligations and corrective actions, and supporting regulatory reporting and internal controls. The Compliance Officer partners with business units to strengthen governance practices, promote ethical business conduct, and foster a culture of integrity, accountability, and continuous improvement in support of the Company's strategic objectives and regulatory commitments.
Duties and Tasks are to: Maintain health, safety and environmental standards by: - Ensuring compliance with all safety policies and procedures. - Ensuring compliance with all environmental and health standards, and - Completing all the required HSE training. Contribute to GBPC’s goals by:
Regulatory Compliance - Monitoring and assessing compliance with applicable Utility Regulation and Competition Authority (URCA) legislation, regulations, licence conditions, regulatory directives, and statutory requirements. - Coordinating regulatory submissions, information requests, audits, inspections, and corrective action plans to ensure ongoing compliance. - Maintaining the Company's regulatory compliance calendar and tracking statutory reporting obligations. Consumer Protection & Quality Assurance - Monitoring and evaluating compliance with the GBPC Consumer Protection Plan, customer service standards, corporate policies, internal controls, and approved business processes. - Conducting risk-based compliance audits and quality assurance reviews to identify gaps, assess control effectiveness, and recommend corrective actions and process improvements. - Monitoring compliance performance indicators and quality metrics to support operational excellence and continuous improvement. Governance, Risk & ESG - Maintaining the Company's Compliance Risk Register by identifying, assessing, monitoring, and reporting emerging regulatory, governance, and operational compliance risks. - Evaluating the effectiveness of compliance controls, recommending risk mitigation strategies, and escalating significant compliance issues where appropriate. - Supporting and monitoring the Company's corporate governance, Environmental, Social and Governance (ESG), and compliance risk management frameworks. - Identifying and assessing emerging compliance and regulatory risks, evaluating mitigation strategies, and escalating significant issues where appropriate. - Monitoring compliance with environmental reporting obligations and corporate sustainability commitments. - Assisting in preparation of annual ESG reports and disclosures
Regulatory & Financial Reporting - Supporting statutory, regulatory, and corporate reporting processes by validating compliance data, monitoring reporting controls, and assisting with internal and external audits.
Policy & Advisory - Reviewing and recommending enhancements to corporate policies, procedures, and compliance controls in response to regulatory changes, audit findings, and industry best practices. - Providing compliance guidance and advice to business units to strengthen governance and regulatory adherence.
Reporting & Compliance Awareness - Preparing compliance reports, dashboards, and performance updates for Executive Management, regulators, and other stakeholders. - Developing and delivering compliance awareness initiatives and training programmes that promote ethical business practices, accountability, and a culture of compliance across the organization. Maintain professional and technical knowledge through training, professional publications, and industry engagement. Promote continuous learning and best-practice sharing within the brand function. Contribute to team effort by completing other duties as assigned.
The candidate will possess a Bachelor's degree in Business Administration, Law, Risk Management, Regulatory Affairs, Corporate Governance, Accounting, Finance, Internal Audit, Quality Management, or a related discipline. A professional certification in Compliance, Internal Audit, Risk Management, Corporate Governance, Quality Assurance, ESG, or Accounting (e.g., CCEP, CIA, CRMP, CPA, or equivalent) will be considered an asset. They will have a minimum of five (5) years of progressively responsible experience in compliance, regulatory affairs, governance, internal audit, risk management, quality assurance, finance, or a related field, preferably within a regulated utility, public sector, or infrastructure environment. The role requires strong analytical, investigative, and problem-solving skills, with the ability to interpret legislation and regulatory requirements, conduct compliance reviews and audits, prepare reports, communicate effectively with stakeholders at all levels, and manage multiple priorities while maintaining the highest standards of integrity, professionalism, and confidentiality.
