SENIOR COMPLIANCE OFFICER/MLRO – VP – TRUST SERVICES – BERMUDA – 10% TAX – HR801
About this opportunity
Our client firm is independently owned and one of the best-capitalized banking groups in the world. The Compliance function reports to the Head of International Compliance, Switzerland and to the Chief Executive Officer, Bermuda.
Your role:
Serve as the Local Compliance Officer / MLRO by providing subject matter expertise and best practice advice on compliance risks such as AML/ATF, sanctions, anti-fraud, conduct
Establish, maintain and lead the execution of the compliance activity program for the Bermuda office
Conduct on-boarding AML/KYC reviews in accordance with local AML/ATF requirements and Group standards
Conduct ongoing compliance monitoring including:
KYC, AML/ATF and client documentation reviews
Transaction monitoring, name screening, suspicious transactions reporting
Client Periodic Risk Review and ad hoc reviews
Investigate actual or potential breaches of law, regulation, policy and procedures and escalate accordingly
Manage the local Compliance Risk Management framework (such as Compliance Risk Assessment or Risk and Controls Self Risk assessment)
Support in the impact assessment with any regulatory changes and/or escalating any gaps with internal processes and policies
Establish and maintain effective policies, procedures and controls to manage Compliance Risks taking into account local regulation and firm Group standards
Ensure compliance reporting’s are done in a timely manner and report/escalate material compliance matters to Local Management and to the Group
Represent Compliance at various governance & Board meetings where required
Work in collaboration with other relevant functions from 1st, 2nd and 3rd Lines of Defense and provide support for a transparent and co-operative dialogue with the Regulators
Train and educate staff on the application of Bermuda's AML/ ATF law, regulations and guidance notes to our business activities and on our Internal Control Framework
Develop and maintain a relation of trust and mutual understanding with the supervisory authorities
Provide support in terms of regulatory reportings (other than compliance reportings)
What you’ll need
Good understanding of the Trust business
Minimum of 5 years' of relevant experience of AML/CFT/ Sanctions compliance activities in the wealth management sector
Strong skills in the financial services industry, particularly Private Banking
Experience within an International Group would be a plus
Bachelor's degree (or equivalent) required or evidence of comparable academic/work achievement
Proven understanding of financial services regulatory framework and practices
Excellent understanding of risk analysis processes, analytical mind, ability to prioritize multiple tasks, work under pressure and meet tight deadlines
Ability to summarize complex topics, to drive practical outcomes and to make sound decisions or proposals, including escalation when appropriate, as well as the ability to work well under pressure and against short deadlines
Strong interpersonal, communication, leadership, resilience, presentation and influencing skills
Proven ability to foster productive relationships with Front Office staff and senior management
Result oriented, outstanding interpersonal and problem-solving skills, and meticulous attention to detail
Dedication to fostering an inclusive culture and value diverse perspectives
Knowledge or experience in regulatory reporting (e.g. CRS, FATCA) would be a plus
Fluent in English; additional language would be a plus
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.
