Principal - Supervision (Banking, Trust, Corporate - Hamilton, United Kingdom - Bermuda Monetary Authority

Bermuda Monetary Authority

Verified Company

Hamilton, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Description:

Principal

Supervision (Banking, Trust, Corporate Services & Investment) Department
The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Principal in our Supervision (Banking, Trust, Corporate Services & Investment)

Department. Reporting to an Assistant Director, the post-holder will be responsible for directing a team of professionals responsible for the supervision and regulation of licensed institutions under the Banks and

Deposit Companies Act 1999, Investment Business Act 2003, Fund Administration Provider Business Act 2019, Trusts (Regulation of Trust Business) Act 2001, Money Services Business Act 2016, the Corporate

Service Provider Business Act 2012 and the Credit Union Act 2010.

This is a key role for the Authority and the post-holder will be responsible for the following:

Leading a multi-disciplinary team of professionals in the on-site and off-site activities for licensed institutions and groups
Undertaking a riskbased analysis of licensed institutions and groups to determine the annual supervisory plans and applicable minimum regulatory requirements
Monitoring the progress of remediation efforts by licensed institutions to close issues identified through supervisory activities
Contributing as required to the development of regulatory policy for the financial services industry
Ensuring that the team meets agreed supervisory objectives with regard to regulated entities
Giving high priority to the management, assessment, development and training of staff
Liaising with industry bodies as well as with overseas supervisory and regulatory bodies
Representing the Authority on various committees and through attendance at seminars and conferences

This position requires a proven business background.

Therefore, the post-holder must have:

A Master's Degree or equivalent qualification in a relevant discipline such as Business, Finance or Law, or a relevant designation such as CA, CPA, CFA, FRM, ACIS, FCI or TEP from a recognised institution or professional body
A minimum of seven (7) years of postgraduate experience, of which at least three (3) years should be at a senior level working within a financial services regulator or within the banking, investment and

trust sectors

A sound understanding of financial analysis techniques, as well as risk management and corporate governance issues
Strong leadership, mentoring, and supervisory skills
Confidence in conducting and speaking at meetings with senior management
Exceptional analytical, written, oral and communication skills and strong attention to detail and accuracy
Working knowledge of relevant international regulatory standards
Working knowledge of computerised systems and databases, particularly Microsoft Office Suite of Products

The Authority is the integrated regulator of the financial services sector in Bermuda. We offer the opportunity for broad exposure to international regulatory issues, special projects and a variety of work experiences.

received no later than

11 September 2023.
BMA House | 43 Victoria Street | Hamilton HM 12 | Bermuda | Tel: