Compliance Senior Specialist

This role provides expertise and consultation to the Bermuda Business Unit (BU), Global High Net Worth (GHNW), and Asia Segment Compliance for initiatives that may include the following:
· Anti-Money Laundering/Anti-Terrorist Financing Program management:

Enhanced Due Diligence (EDD) reviews of new business applicants, inforce High Risk customers, banks, and third-party partnersAML alert reviews (watchlist and transaction monitoring)
Review of Real Time watchlist scans and automated batch scans

Ownership structure due diligence reviews

Payor due diligence reviews
· Privacy Program management and incident reporting/handling
· Monthly and quarterly Compliance reporting
· Establishing and updating policies and procedures
· Compliance training of employees

This job description does not represent a comprehensive listing of job duties that are required of the employee performing this role. We reserve the right to change duties or assign additional duties at any time with or without notice.

Responsibilities:

Individual Responsibilities:

Acting as an Individual Contributor, sets direction, establishing goals and manages the tasks of the Compliance function; supporting Senior Compliance Consultants and the Compliance Director/Chief Compliance Officer Establishes and maintains strong working relationships with the BU team, such as Underwriting, Titles, and Distribution, as well as related compliance teams

Coordinates and performs analysis on complex concepts that may require in-depth research and interpretation, such as New Business case reviews

Supports the BU in the development and implementation of policies and procedures that enable the business to remain in Compliance with regulatory requirements

Leads and supports special projects

Creates and provides Compliance training

Completes required reporting for the function at the BU, segment or divisional level

May represent Compliance on BU-specific, division-wide or global projects.

Collaborates with all areas of the organization to ensure Compliance needs and BU goals are met.

Shared Responsibilities:

Shares best practices with other team members, thus ensuring consistency across BUs and division in the way business/process/products are developed and maintained to comply with Regulatory and Company requirements.

Aids the other members of the Bermuda Compliance team including the Senior Compliance Consultants, Compliance Director and/or Chief Compliance Officer.

Shares responsibility for ensuring the BU understands what is needed to comply.

Qualifications:

College/University Degree and/or equivalent experience5+ years of related financial services, Compliance or management experience

Excellent organizational skills

Excellent written and verbal communication skills

Strong technology skills including knowledge of applicable Compliance or business systems

Excellent analytical and problem-solving skills

Strong ethical compass

Disciplined

Comprehensive knowledge of the financial services industry with an advanced understanding of the Company’s businesses

Advanced understanding of the regulatory environment (primarily Bermuda and Canada) and a strong understanding of key compliance requirements applicable to the business.

Negotiating, influencing, and relationship building skills.

Ability to represent business internally within the company and externally outside of the company (e.g. regulators, industry peers).Ability to work independently

Strong project management skills

Ability to facilitate decision making across groups in the company

Relevant certifications, such as CAMS, or willingness to obtain certification(s) a plus Strong people/interpersonal and leadership skills

Strong business and product knowledge

Ability to interact with roles from different areas and at all levels across…