Assistant Director - Hamilton, United Kingdom - Bermuda Monetary Authority

Bermuda Monetary Authority

Verified Company

Hamilton, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

Description:

Assistant Director

Supervision (FinTech) Department

The post-holder will be responsible for but not limited to:

Leading and directing a team of professionals, focusing on a risk based supervision approach specifically for entities involved in the investment and money service business sectors. This involves a proactive, forward-looking framework that utilises sophisticated analysis of financial and operational data
Managing the team responsible for offsite analysis, compliance reviews and onsite assessments of firm business practices, ensuring adherence to international standards and regulatory requirements
Spearheading the development and implementation of innovative supervisory and analytical initiatives aimed at enhancing efficiency and effectiveness within the Department
Collaborating closely with other departments within the Authority to ensure seamless integration and implementation of legislative changes and policy developments that impact the investment and money service business sectors
Representing the BMA in key international cooperation forums, providing thought leadership and insights in areas such as investment innovation, payment systems modernisation, cyber

risk management, and operational resilience

Leading process enhancement initiatives, focusing on the Department's infrastructure and analytical capabilities, to support the sophisticated supervision of innovative financial services
Contributing to and helping implement the BMA's strategic vision and policy, ensuring alignment with the broader objectives of the Authority and the evolving landscape of the financial services industry
Independently driving departmental strategic initiatives, with a focus on fostering innovation and operational excellence across the BMA
Developing and managing the Department's budget, ensuring efficient resource allocation and financial stewardship in line with the Department's strategic goals
Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post

This position requires a proven technical and business background.

Therefore, the post-holder must have:

A master's degree or equivalent qualification in finance (e.g., CFA), economics, business administration, or a related field from a recognised institution
A minimum of ten (10) years of relevant experience, with at least five (5) years in a leadership role focusing on financial services innovation, preferably within an investment or money service

business context

Demonstrated experience in a financial regulatory environment, with a strong emphasis on leading innovative projects or regulatory initiatives in the FinTech sector
Exceptional analytical, strategic thinking, and communication skills, coupled with a proven track record in team leadership and stakeholder management
Demonstrated thought leadership through active participation in industry associations, committees, or similar entities
Strong interpersonal skills, enabling effective collaboration with industry representatives, government officials and international regulatory bodies

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.