* HR751: Assistant Compliance Officer | Bermuda
ASSISTANT COMPLIANCE OFFICER – DEPUTY MLRO/OPERATIONS LEAD – BERMUDA – 10% TAX – HR751
About this opportunity
Our client is seeking qualified and experienced professionals to join their team. They provide trust and corporate administration and board support services to local and multinational companies and high-net-worth clients through their subsidiaries.
The Assistant Compliance Officer (ACO) supports the Compliance Officer in implementing and maintaining the company’s compliance, anti-money laundering/anti-terrorist financing (AML/ATF) and sanctions framework. Acting as Deputy Money Laundering Reporting Officer (DMLRO), the ACO is responsible for day-to-day execution of the AML/ATF program, the Compliance Monitoring Plan (CMP), and client due diligence activities, ensuring the company operates within its legal and regulatory obligations and group risk appetite.
Principal duties and responsibilities:
Operational Compliance Oversight
* Maintain Implement daily AML/ATF and sanctions controls in line with the Compliance Officer’s direction
* Manage client on-boarding and periodic review workflows, ensuring completion of CDD and EDD
* Conduct file reviews for quality and accuracy against policy requirements
* Provide guidance to the business on routine compliance queries and procedural matters
Deputy MLRO Duties
* Act as Deputy to the MLRO for the receipt, review and triage of internal Suspicious Activity Reports (SARs)
* Support the preparation and filing of external SARs to the Financial Intelligence Agency (FIA) when required
* Monitor the Sanctions Register and assist with notifications to the Financial Sanctions Implementation Unit (FSIU)
Compliance Monitoring and Testing
* Execute the annual Compliance Monitoring Plan (CMP) and document results in the testing register
* Conduct thematic reviews of high-risk clients, transactions and control areas
* Track and report remediation actions to closure under the supervision of the Compliance Officer
Registers and Reporting
* Maintain core compliance registers (SARs, breaches, training, sanctions and audits)
* Compile monthly metrics and quarterly reports for submission to the Risk & Compliance Committee (RCC)
* Support independent AML audits and provide testing evidence and documentation
Training and Awareness
* Develop and deliver annual AML/ATF, sanctions, and conduct training for all the company’s staff and directors
* Conduct targeted briefings following regulatory updates, audits, or emerging typologies
* Promote and sustain a culture of compliance across all business lines
Data and Technology Management
* Use ViewPoint, RDC and World-Check for screening and record maintenance
* Ensure data accuracy and proper filing of CDD evidence in accordance with policy
* Recommend system improvements and process efficiencies to the Compliance Officer
Collaboration and Culture
* Foster a culture of transparency and accountability through open communication with business teams
* Provide mentoring and day-to-day guidance to Compliance Administrators
* Promote the company’s values of integrity, independence and proportionality in all compliance matters
What you’ll need
* Bachelor’s degree in Business, Law, or related field (or equivalent professional experience)
* Professional qualification in compliance or financial crime (e.g. ICA Certificate/Diploma, ACAMS or similar)
* Minimum 5 years’ experience in compliance, risk management or AML/ATF within a regulated environment
* In-depth knowledge of the Proceeds of Crime Act 1997, Anti-Terrorism (Financial and Other Measures) Act 2004, and related Regulations
* Strong understanding of customer due diligence, enhanced due diligence and ongoing monitoring requirements
* Proven ability to interpret legislation and apply a risk-based approach
* Excellent communication, writing and interpersonal skills
* Advanced proficiency with Microsoft Office and compliance screening software (ViewPoint, RDC, World-Check)
* High integrity, discretion, and sound professional judgement
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.