HR401: Head of Risk & Compliance | Bermuda

Hamilton Recruitment

  • Hamilton, ON
  • Permanent
  • Temps-plein
  • Il y a 1 mois
HEAD OF RISK & COMPLIANCE – BERMUDA – 10% TAX – HR401About this opportunityOur client is a trusted provider of specialized business support services, helping organizations achieve their strategic goals through a combination of industry knowledge, operational capability, and a commitment to service excellence. They deliver customized solutions to meet the evolving needs of asset managers, financial institutions, corporations, high-net-worth individuals, and family offices.The local Head of Compliance will be responsible for leading all aspects of statutory and regulatory compliance. This includes designing, implementing, and maintaining local compliance frameworks to ensure high standards are met. The role also involves close collaboration with group-level compliance functions to ensure alignment with broader regulatory expectations and organizational policies.Main responsibilities:
  • Money Laundering Regulatory Officer to the company
  • Advisor to the company and board of directors, executive committee of directors, risk committee, managers, and employees on issues of regulation, risk management, corporate governance, areas of best practice and internal policies and procedures
  • To be responsible for the day-to-day management of the team and effective management of workloads
  • Have an excellent understanding of the exposures to regulatory risk within a financial services organisation
  • Provide guidance and on-going training of the Compliance Team, cross training and development and ensuring cover where necessary
  • Ensure file reviews and audit checks are completed within service level agreements
  • Business acceptance – prepare summary of proposed business transactions to present to the relevant sub-committees of the board
  • KYC/Customer Due Diligence (CDD) analysis and advice
  • Identify, draft, and update local policies and procedures as required based upon Group Minimum Standards
  • Ensure systems are in place for compliance monitoring
  • Oversee the maintenance of a variety of standard compliance registers
  • Responsible for the relationship with any local regulatory body
  • Ensure the compliance monitoring programs are fit for purpose and that monitoring activity is conducted on schedule in accordance with the compliance monitoring plan for the company
  • Design and deliver training on various aspects of regulations, internal policies and procedures, corporate governance, compliance and risk management, basic anti-money laundering provisions
  • Attend management meetings and prepare reports on various compliance and regulatory matters
  • Attend seminars and conferences to ensure knowledge of applicable regulations is up to date
  • Promote a positive compliance culture at all levels throughout the business
  • Principal contact for the Bermuda Monetary Authority
What you'll need
  • 5 years' experience in a similar role educated to Diploma level
  • An established leader / people manager
  • Excellent organisational, communication and interpersonal skills along with a commitment to working as part of a global team
  • Strong negotiation skills
  • Ability to delegate and develop others' base skill set
  • Successfully provides strategic support to practice areas
  • Strong technical skills in relation to compliance and data protection legislation are essential
  • Ability to produce management information and to deliver projects within given deadlines
How to apply
  • To apply, attach your résumé or include a link to your LinkedIn profile
  • If you don't provide one of the above, we can't progress your application
For reasons of confidentiality and to ensure best match for positions, our normal practice is to submit applications to employers only after we have had a Career Consultation with candidates. In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities.Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, we'll help make it happen.

Hamilton Recruitment