Financial Crime World

Here is the rewritten article in markdown format:

Compliance Officer Role: A Key Player in Bermuda’s Financial Services Sector

In a bid to maintain its reputation as a major player in Bermuda’s financial services sector, a Class E reinsurer has announced an opening for a Compliance Officer. This role will play a crucial part in ensuring the company adheres to all relevant regulatory requirements and embeds a culture of compliance throughout its operations.

Role Highlights

The successful candidate will support the Head of Compliance in providing expert advice and guidance on compliance matters, with a focus on maintaining procedures and processes that meet or exceed regulatory standards. Some key responsibilities include:

Key Responsibilities

  • Developing and implementing annual compliance plans and monitoring programs to ensure effective oversight
  • Conducting regular compliance reviews and producing high-quality reports highlighting areas for improvement
  • Maintaining an up-to-date “Compliance Universe” and providing horizon scanning services to identify emerging regulatory risks
  • Providing operational support to business units on compliance-related matters, including the identification of potential breaches or incidents
  • Developing and delivering training programs to ensure compliance awareness among staff members
  • Collaborating with project teams to provide compliance input and guidance as required

Required Skills and Qualifications

To be considered for this key role, applicants should possess:

Essential Requirements

  • 5-10 years’ experience in the financial services sector, preferably with a focus on Solvency II compliance
  • ICA qualifications or equivalent preferred
  • Proven ability to work autonomously and prioritize tasks under strict deadlines
  • Excellent interpersonal skills and effective report writing abilities
  • Ability to stay abreast of regulatory changes and interpret complex requirements

Call for Candidates

Candidates with Solvency II experience and Bermuda compliance knowledge are encouraged to apply. For more information on this exciting opportunity, please contact PWC at bm_execsearch@pwc.com.