At a Glance
- Tasks: Lead risk and compliance efforts, ensuring top-notch standards and policies.
- Company: Dynamic financial services firm committed to excellence and innovation.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Join a diverse team that values equal opportunities for all.
- Why this job: Shape the future of compliance in a vibrant, fast-paced setting.
- Qualifications: 5-10 years in risk and compliance, strong communication skills, and a team player.
The predicted salary is between 80000 - 100000 £ per year.
The local Head of Risk & Compliance will cover all areas of statutory and regulatory compliance and risk management. Responsible for the development of local policies and procedures to improve services and to ensure they are followed, monitored and reviewed with the objective of providing services of the highest standard and quality at all times and any other such activities as may be reasonably required by the role. To work alongside Group Risk & Compliance to ensure Group Minimum Risk and Compliance Standards are achieved.
Main Responsibilities
- Designated Compliance Officer
- Money Laundering Regulatory Officer / Nominated Officer
- Advisor to the board of directors, executive committee of directors, risk committee, managers and employees on issues of regulation, risk management, corporate governance, areas of best practice and internal policies and procedures
- To be responsible for the day to day management of the team and effective management of workloads
- Have an excellent understanding of the exposures to regulatory and enterprise risk within a financial services organisation
- Provide guidance and on-going training of the Risk & Compliance Team, cross training and development and ensuring cover where necessary
- Ensure file reviews and audit checks are completed within service level agreements
- Business acceptance – prepare summary of proposed business transactions to present to the relevant sub-committees of the board
- KYC/Customer Due Diligence (CDD) analysis and advice
- Identify, draft and update local policies and procedures as required based upon Group Minimum Standards
- Ensure systems are in place for risk and compliance monitoring
- Oversee the maintenance of a variety of standard risk and compliance registers
- Responsible for the relationship with any local regulatory body
- Ensure the risk and compliance monitoring programs are fit for purpose and that monitoring activity is conducted on schedule in accordance with the compliance monitoring plan for Ocorian
- Design and deliver training on various aspects of regulations, internal policies and procedures, corporate governance, compliance and risk management, basic anti-money laundering provisions
- Attend management meetings and prepare reports on various compliance and regulatory matters
- Attend seminars and conferences to ensure knowledge of applicable regulations is up to date
- Promote a positive risk and compliance culture at all levels throughout the business
- Principal contact for the local regulatory body
Qualifications
- 5-10 years’ experience in a similar role.
- Educated to Diploma level
- Excellent organisational, communication and interpersonal skills along with a commitment to working as part of a global team
- Ability to delegate and develop others’ base skill set
- Successfully provides strategic support to practice areas
- Strong technical skills in relation to risk and compliance legislation are essential
- Ability to produce management information and to deliver projects within given deadlines
Equal Opportunities for Everyone
We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.
Head of Risk & Compliance | Bermuda in Hamilton employer: Ocorian group
As the Head of Risk & Compliance in Bermuda, you will join a dynamic and inclusive work culture that prioritises employee development and collaboration. Our commitment to excellence is reflected in our comprehensive training programmes and supportive environment, ensuring you have the tools and opportunities to thrive in your career while contributing to the highest standards of regulatory compliance and risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Risk & Compliance | Bermuda in Hamilton
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company inside out. Understand their values, recent news, and how they approach risk and compliance. This will help us tailor your responses and show them you’re genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. We can help you with common questions related to risk management and compliance, so you’re ready to impress.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the role. And remember, apply through our website for the best chance at landing that Head of Risk & Compliance position!
We think you need these skills to ace Head of Risk & Compliance | Bermuda in Hamilton
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in risk management and compliance. We want to see how your skills align with the specific requirements of the Head of Risk & Compliance role.
Showcase Your Experience:Don’t just list your previous roles; explain how your past experiences have prepared you for this position. We’re looking for concrete examples of how you've handled regulatory challenges or improved compliance processes.
Be Clear and Concise:Keep your application straightforward and to the point. Use clear language and avoid jargon unless it’s relevant to the role. We appreciate a well-structured application that’s easy to read.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Ocorian group
✨Know Your Regulations
Make sure you brush up on the latest regulations and compliance standards relevant to the financial services sector. Being able to discuss these confidently will show that you're not just familiar with the role but also committed to staying updated.
✨Showcase Your Leadership Skills
As a Head of Risk & Compliance, you'll be managing a team. Prepare examples of how you've successfully led teams in the past, focusing on your ability to delegate, develop others, and manage workloads effectively.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific compliance or risk scenarios. Think through potential challenges you might face in the role and prepare structured responses that highlight your problem-solving skills.
✨Demonstrate Your Communication Skills
You'll need to advise various stakeholders, so practice articulating complex compliance issues in a clear and concise manner. Consider role-playing with a friend to refine your delivery and ensure you come across as approachable and knowledgeable.
