Head of Risk & Compliance - Bermuda

Purpose of the Job

The local Head of Compliance will cover all areas of statutory and regulatory compliance. Responsible for the development of local policies and procedures to improve services and to ensure they are followed, monitored and reviewed with the objective of always providing services of the highest standard and quality and any other such activities as may be required by the role. To work alongside Group Risk & Compliance to ensure Group Minimum Compliance Standards are achieved. 

Main Responsibilities

• Designated Compliance Officer for Ocorian Services (Bermuda) Limited, Ocorian Management (Bermuda) Limited and Ocorian Securities (Bermuda) Limited.  Collectively known as Ocorian Bermuda 
• Money Laundering Regulatory Officer to Ocorian Bermuda 
• Advisor to Ocorian Bermuda 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 Ocorian 
• 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 

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