The function of Head of Compliance/AMLRO will lead the way in the maintenance, development and oversight of compliance practices and procedures in meeting financial services, anti-money laundering, conduct expectations and all other regulatory requirements.
Qualification and experience:
A university certificate along with experience of not less than 3-5 years in financial markets or in the relevant fields
Or diploma certificate or less certificate along with experience in financial markets or in the relevant fields
Be comfortable in a fast-paced environment, where non-routine and/or complex issues are common
Be able to handle complex issues, projects, and processes
Demonstrate strong moral and ethical principles. A willingness to learn, accept accountability, demonstrate initiative, and support effective cooperation
A strong working knowledge of Bermuda's financial services regulations and requirements
Strong sense of integrity and responsibility. Key responsibilities include, but are not limited to:
Design, review and revise compliance policies, procedures, and controls to meet applicable legislation, regulatory requirements, and best practice standards
Conduct the business monitoring, general compliance monitoring, training, and regulatory reporting as required.
Promoting, demonstrating, and embedding a strong compliance culture
Liaise and report to the Bermuda Monetary Authority and the relevant regulatory bodies
Conduct due diligence checks and ongoing AML reviews for existing clients and business partners
Act as a key person for the oversight of all AML/CFT and sanctions matters, including the implementation of effective and sustainable controls
Oversee systems and controls to Identify and mitigate potential areas of AML compliance vulnerability and risks/gaps and develop/implement pragmatic corrective action plans
Prepare reports for senior management, auditors, and external regulatory bodies as appropriate
Keep up to date with all relevant regulatory changes as well as evolving best practices, carrying out gap and business impact analysis
Provide ongoing and ad-hoc support on compliance queries (both from internal and external stakeholders)
Review marketing materials to ensure compliance with regulatory and scheme requirements
Assist with the identification, evaluation, monitoring, and mitigation of operational risks; and proactively suggest improvements.
