SKN CIU recruits 30 vacancies

By Kevon Browne

St. Kitts and Nevis (WINN): The St. Kitts and Nevis Citizenship by Investment Unit (CIU) has posted several vacancies following unconfirmed reports of its mass layoffs of staff.

The matter quickly became a hot topic of public debate, with citizens and residents questioning whether the rumor was true. Some accused the government of not officially disclosing the matter to the public, while others were disgusted that so many people were dismissed from CIU and were unsure whether they would be accepted if they reapplied.

“We invite talented and motivated individuals to join our distinguished team and contribute to the continued success of our world-leading programs,” the Confucius Institute said in a flyer listing 30 positions.

Available positions include:

• Chief Compliance Officer

• Chief Executive Officer

• CFO

• Chief Human Resources Officer

• Chief Marketing Officer

• Chief Operating Officer

• Chief Strategy/Investment Officer

• Communications Manager

• Financial Officer

• Financial Director

• Human Resources Assistant

• Human Resources Specialist

• Human Resources Manager

• Information Technology Manager

• Information Technology Support

• Junior Compliance Officer

• Junior Due Diligence Officer

• Junior Auditor

• Compliance Manager

• Manager Due Diligence

• Processing Manager

• Manager Review

• Office Waiter

• Operations Manager

• Senior Compliance Officer

• Senior Due Diligence Officer

• Senior Auditor

• Social Media Expert

• Statistics Director

After the promulgation of the “Investment Citizenship Unit Act”, the Investment Citizenship Unit officially became a legal entity on June 28, 2024.

The Citizenship by Investment Division is governed by a Board of Directors, chaired by Calvin St. Juste, and joined by Dr. Louisa Lawrence, Mr. Carlton Pogson, Mr. Damille James, Ms. Kishma Maclean and Ms. Marsha Harris, all experts in business, finance, compliance and governance.

Prime Minister and Minister of Finance Dr. Terence Drew explained that the CIU, as a statutory body, aims to demonstrate the highest professionalism and ensure the efficiency and sustainability of the Citizenship by Investment Program.

“So the establishment of a statutory body provides us with an opportunity to build this department or now the new body into a structure that is highly adaptable, efficient, responsive to the global business environment, which I think is critical to maintaining St. Kitts and Nevis’ leading position, but to ensure that the program is sustainable and to ensure that it continues to achieve the goals that we want it to achieve. So, having it constituted as a statutory body really gives us the best opportunity to continue to thrive,” Dr. Drew said.

International institutions such as the International Monetary Fund (IMF) have long called on the federation to reduce its reliance on the CBI scheme, which has also come under threat as European authorities question the scheme’s due diligence procedures, which have allowed several fraudsters to slip through the net.

However, the sustainability of the CBI program is vital to the economy of St. Kitts and Nevis. The CIU aims to strengthen due diligence, enforce good governance through annual audits, and establish a communications department to enhance public interaction.