Hamilton Recruitment

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.