Disclaimer: Hunt UK Visa Sponsors aggregates job listings from publicly available sources, such as search engines, to assist with your job hunting. We do not claim affiliation with HFG Insurance Recruitment. For the most up-to-date job details, please visit the official website by clicking "Apply Now."
A highly respected in/reinsurer that operates in the London-market is currently seeking a Senior Compliance Analyst to focus on Bermudan reinsurance compliance.
Reporting to the Chief Compliance Officer, you will provide support in all areas of regulatory compliance and provided expert financial crime and sanctions guidance and monitoring.
On a day-to-day basis, you will:
- Understand and communicate the Bermuda regulatory requirements, including the Insurance Act 1978 and related BMA codes and guidance to the business.
- Monitor, interpret and assist with communicating regulatory changes and developments to management and relevant stakeholders.
- Monitor regulatory filings, reports and communications to the BMA, ensuring accuracy and timeliness.
- Assist with maintenance and enhancement of the Compliance Framework and Compliance Monitoring Programme.
- Support the Group Chief Compliance Officer in regular Compliance reporting to the Group Risk Committee and subsidiary Boards.
- Understand the Bermuda PIPA Regulations and guidance documents and serve as PIPA Privacy Champion for the Bermuda Office.
- Conduct compliance risk assessments and assist with the development and implementation of mitigation strategies.
- Assist in the preparation and delivery of compliance training across the organization. Maintain and oversee the company’s Policy Library and Compliance policies and procedures to ensure ongoing alignment with regulatory requirements and industry best practices.
- Investigate, report and assist with managing compliance breaches or issues, and support appropriate remediation actions.
- Support the Group’s Financial Crime, Anti-Money Laundering (AML), and Sanctions compliance programs and serve as Group Deputy Money Laundering Reporting Officer (DMLRO).
- Provide expert Financial Crime and Sanctions guidance and conduct all CDD and KYC requests for the business.
- Maintain all screening to identify PEPs, sanctions issues, regulatory, legal, operational, and reputational risks.
- Collaborate with other functions to promote a strong compliance culture across the organization.
You will need a strong understanding of compliance frameworks within a reinsurance environment and a minimum of 5 years’ experience working in a compliance function within a reinsurer.
