Senior Analyst
Supervision (Anti-Money Laundering/Anti-Terrorist Financing) Department
The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Senior Analyst in the Supervision (Anti-Money Laundering/Anti-Terrorist Financing) Department. Reporting to a Principal, the Senior Analyst will be responsible for performing management reviews and conducting compliance investigations under existing legislation, including monitoring and analysing selected businesses, reporting findings and recommendations to the Principal for discussion and developing action plans. The post-holder will act as the subject matter expert on Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF) issues within the Authority.
Key Responsibilities
* Undertaking on-site and off-site examinations of AML/ATF-regulated financial institutions to evaluate their systems and controls for compliance with the regulations, and preparing reports for discussion
* Assisting with the development and management of an off-site monitoring programme for financial institutions to evaluate compliance with the regulations
* Reviewing and updating AML/ATF guidance notes against new requirements as necessary
* Producing and giving outreach sessions to regulated financial institutions and other interested parties as required
* Developing agendas and schedules, and attending prudential meetings with financial entities to discuss findings of the review, minute discussions/decisions and developing corrective action plans as appropriate
* Monitoring identified high-risk licensees with compliance issues by review, memoranda and timely direct follow-up with company representatives
* Participating in general enforcement activities, including investigations and requests for regulatory assistance as approved by management
* Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post
Qualifications
* A bachelor’s degree in business, law or finance-related field or equivalent qualification in business, finance, risk management or accounting from a recognised institution or professional body
* A minimum of five (5) years of relevant experience in the financial services industry and/or working experience with a financial or regulatory body in the compliance/AML, investigations or auditing field
* A working knowledge of the international standards on the prevention of money laundering and combating terrorist financing, and other international regulatory pronouncements
* A track record of high-quality work while managing multiple assignments and competing priorities
* Strong written and verbal communication skills
* Proven experience in the evaluation of corporate governance structures, AML/ATF and risk management frameworks and/or internal controls
* Familiarity with the digital asset business and digital assets would be an advantage
The Bermuda Monetary Authority is the integrated regulator of Bermuda’s financial services sector. We offer the opportunity for broad exposure to international regulatory issues, special projects and a variety of work experiences.
Bermuda Monetary Authority is an Equal Opportunity Employer
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