Our client is headquartered in Bermuda, delivering innovative offshore life insurance solutions to HNW markets around the world. The company offers flexible premium universal life, indexed universal life and participating whole life insurance products designed for the unique needs of the global UHNW and High-Net-Worth Clients.
Due to continued strategic growth across its core markets, the Company is looking to recruit a Director, Compliance who will be based in Bermuda, but with occasional travel to international locations.
This important role will report to the Business Unit Compliance Officer (“BUCO”), supporting the Business Unit. Working in collaboration with the BUCO to carry out their mandate, the Director, Compliance will support the implementation, oversight and monitoring of the compliance controls programs applicable to the Business Unit. The Director is also responsible for overseeing day-to-day compliance with the company AML/ATF Operating Guidelines, working closely with the Money Laundering Reporting Officer (“MLRO”) to support responsibilities as outlined by the Chief Anti-Money Laundering Officer (“CAMLO”).
The Director will also provide day-to-day support, monitoring and oversight of general compliance issues in the business unit. These responsibilities include, but are not limited to: second line of defense compliance testing, complaint management; legislative/regulatory tracking, and monitoring of market conduct controls. The Director will also work closely with business unit staff at all levels, as well as staff of the companies affiliates. The Director will be expected to: maintain knowledge of relevant laws and regulations; monitor market conduct trends for potential impact to product development, distribution, marketing practices and compliance requirements; and) participate in the preparation and management of regulatory exams.
This is an excellent career opportunity to join a growing, innovative, international group, where the focus of the role will be on delivering pragmatic and effective strategic oversight of the Company’s compliance programs.
A full job description is available from PwC.
Please forward a detailed resume in confidence to:
PricewaterhouseCoopers Executive Search
For further information on this job contact us at firstname.lastname@example.org
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