FinTech Specialist Digital Assets & Innovative Investments Supervision; FinTech) Department

The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and experienced individual to work as a Fin Tech Specialist - Payments, digital assets and innovative investments in the Supervision (Fin Tech) Department.

Reporting to the Assistant Director, the Fin Tech Specialist – Payments, Digital Assets & Innovative Investments will be responsible for supporting the design, implementation and operationalisation of regulatory frameworks across payments, digital assets and innovative investment activities, as well as the licensing and supervision of operators in these sectors.

The postholder will bring a strong practical understanding of how modern financial products, Fin Tech business models and technology-enabled financial services are designed and operated, helping ensure that the Authority’s regulatory and supervisory approach is informed by market developments, product economics, technology and associated risks.

Candidates with practical experience in the Fin Tech or financial services industry and/or specialist experience within a financial regulatory authority are particularly encouraged to apply. Relevant backgrounds may include product, strategy, operations, payments, digital assets, investment technology, capital markets, risk or regulatory innovation.

This is a key role for the Authority and the postholder will be responsible for but not limited to:

• Conducting research and analysis on emerging technologies, products and business models across payments, digital assets and innovative investments, including digital wallets, cross-border payments, stable coins, tokenised securities, alternative investment products, robo-advisory, digital custody and AI-enabled financial services
• Providing specialist input on the business models, product economics, technology, operational arrangements and risks of payment, digital asset and innovative investment operators and products
• Assessing how innovative financial products and services operate in practice, including transaction and settlement flows, custody and safeguarding, funding and liquidity arrangements, third-party dependencies and the allocation of risks between firms and customers
• Identifying emerging regulatory and policy needs and contributing to the design, implementation and enhancement of regulatory frameworks, informed by international developments and industry practice
• Leading engagement with industry participants, technology providers, industry bodies and other regulators to support the development, implementation and understanding of the Authority’s regulatory frameworks
• Preparing reports and recommendations to senior management on emerging Fin Tech products, technologies and business models and their associated regulatory, prudential, conduct and operational risks
• Acting as a subject matter expert and providing specialist advice across the Authority on payments, digital assets and innovative investments
• Conducting supervisory reviews and meetings and assessing Fin Tech businesses against applicable regulatory requirements, including their business models, governance, financial resources, risk management and operational arrangements
• Assessing licensing applications from Fin Tech entities and providing risk assessments and recommendations to management
• Critically assessing innovative financial products, including their structure, economics, customer proposition, risk-return characteristics, target market and operational arrangements
• Leveraging AI tools to strengthen research and analysis and improve the efficiency and quality of regulatory and supervisory work
• Performing other related work and special projects…