We are a leading international law and professional services firm providing legal, corporate and fiduciary services to global corporations, financial institutions, capital market participants and investment fund managers. With a global presence spanning the Americas, Europe, the Middle East and Asia, we advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.
We treat everyone as the intelligent professional they are. Our approach is to trust and empower our people to deliver consistently, and enable them to succeed. Diversity is our secret weapon – it’s the sheer breadth of Walkers people that makes us who we are – gathered from across the globe and fluent in languages, jurisdictions and cultures that help us to mirror our clients and keep our own thinking in tune with the world in which we operate.
Overview Of Role
The Compliance Officer plays an important role in ensuring that the company's AML/ATF/CPF and sanctions framework is effective, risk based and is compliant with Bermuda's regulations. By overseeing the policies, procedures, risk assessments, reporting, training and monitoring, the Compliance Officer helps to protect the company from financial crime risks and ensures it meets regulatory expectations. In addition to the Compliance Officer responsibilities, the successful candidate will also act as Money Laundering Reporting Officer (MLRO), having responsibility for receiving and assessing reports addressed to the MLRO, externalising those reports as deemed appropriate.
Duties, Responsibilities & Person Specification
* Developing and maintaining the Bermuda AML/ATF/CPF and sanctions policies and procedures in line with Walkers Group policies, and Bermuda's relevant laws and regulations
* Ensuring senior management and the Board are aware of their AML/ATF/CPF and sanctions obligations and support them in meeting those obligations
* Working in conjunction with Group Compliance and the company, maintaining the company's Business Risk Assessment (BRA); ensuring that the BRA methodology and the BRA remains current and up to date
* Performing risk‑based monitoring, ensuring compliance to the Walkers Group and company’s policies and procedures, for example, the Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, Suspicious Activity Reporting (SARs) procedures, and record keeping procedures
* Delivering AML/ATF/CPF and sanctions reporting to the Board and Group Compliance, and escalating issues where action may be required
* Preparing and presenting an AML/ATF/CPF and sanctions training and awareness programme to relevant staff across the Walkers Group, including Bermuda's specific training relevant for staff that work on Bermuda relevant matters, as well as relevant training for the MLRO/DMLRO and the Partners that are accountable for overseeing the firm’s AML/ATF/CPF obligations and its key persons
* Acting as the main point of contact with the BMA and other Bermuda Regulatory Bodies regarding AML/ATF/CPF and sanctions matters, including the management of regulatory examinations, requests for information and the submission of regulatory filings
* Being the key point of contact in the Bermuda office for Bermuda AML/ATF/CPF and sanctions queries and the escalation of matters to Group Compliance where escalation for awareness or further discussion is required
MLRO Responsibilities
* Acting as the designated officer for receiving internal SARs from Partners and staff
* Reviewing SARs in accordance with the internal policy and procedures
* Where it is determined that a SAR is to be externalised, submitting the SAR to the Financial Intelligence Agency (FIA) within the required timeframe
* Maintaining the SARs register, ensuring that all SARs received are logged and assessed appropriately and that all supporting records are filed and saved appropriately
* Acting as the main point of contact for the FIA, ensuring that all communications, including requests for consents and the management of the consent process with the FIA, and their information requests are handled efficiently and in a timely manner
* Managing stakeholders internally in regard to consents, the consent process and ensuring moratorium period and complied with
Education, Skills & Experience
* Regulatory experience preferably in a law firm and/or finance sector
* An AML or other professional qualification or be studying towards such a qualification; such as, ICA, ACAMS
* A sound knowledge of the Bermuda AML/ATF/CPF regulatory requirements including the BMA Guidance Notes.
* Full awareness of your own obligations
* Leadership ability with excellent communication skills. You are self‑motivated and capable of prioritising workloads as required
* Excellent attention to detail
* Strong communication and presentation skills with the ability to communicate with partners, fee earners with confidence
* Have the flexibility and adaptability to undertake a variety of tasks at short notice if required
* Good working knowledge of Windows – Microsoft Word – Microsoft Excel – Outlook – Teams – iManage
* Able to prioritise competing demands
* Excellent time management and organisational skills
Walkers global is an equal opportunity employer. Equality and diversity are key to our global identity and an integral part of our goal to continue being an employer of choice. We are committed to a work environment that supports all individuals irrespective of gender, ethnicity, nationality, race, religion, marital status, age, disability, pregnancy, sexual orientation, gender identity or any other applicable legally protected characteristics. We make every effort to ensure that employment opportunities are open and accessible to all purely on the basis of personal ability.
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Legal
Industries
Law Practice
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