Assistant Director

Deadline: 1 week

Job Type: Permanent

The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and experienced individual to work as an Assistant Director on our Supervision (Banking, Trust, Corporate Services and Investment) Department. Reporting to the Deputy Director, the Assistant Director will be responsible for directing a Team 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, 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 but not limited to: Leading a multi-disciplinary team of professionals in off-site and on-site supervisory activities for licensed institutions and groups Undertaking risk-based analysis of regulatory reporting information submitted by licensed institutions and groups, and engaging with key stakeholders to assess the risk presented by firm initiatives and operations Researching and formulating policy discussion and consultation papers for Bermuda's licenced financial sector based on the standards issued by supra-national standard setting bodies Finalising policy initiatives in final rules and policy papers as applicable and introducing amendments to reporting information as required Liaising with the Legal and Policy Teams as applicable to secure legislative changes when needed and with Management Services to secure support for systems amendments required to enhance reporting and analysis capabilities Liaising with other departments as applicable to support the Authority's sector-wide supervisory activities in FinTech, Cyber Risk, AML/ATF and Market Conduct Managing, assessing, developing and training departmental staff Liaising with industry bodies, as well as with overseas supervisory and regulatory bodies Representing the Authority on various committees and through attendance at supervisory colleges, peer reviews, seminars and conferences Contributing to budget and strategic plan developments for the Department, which align with the overall objectives of the Authority Performing other related tasks and special projects as assigned by management in accordance with competencies normally associated with this post This position requires a proven technical and business background. Therefore, the post-holder should have: A master's degree in business, finance, accounting or equivalent qualification in a relevant discipline from a recognised institution or a professional designation (i.e., CA, CPA, CFA, FRM, ACIS, FCIS or TEP) Minimum of ten (10) years relevant experience, of which at least five (5) years should be at a senior level, working with a financial services regulator or within the banking, investment and/or trust sectors Sound understanding of financial analysis techniques, as well as risk management and corporate governance issues Ability to to interpret and apply legal statutes and other similar material Working knowledge of relevant international regulatory standards Good knowledge of trending changes in the financial services industry, such as FinTech, SupTech and other digitised applications Confidence in conducting and speaking at meetings with c-suite level executives and senior management Exceptional analytical, written, oral and communication skills, and a strong attention to detail and accuracy Strong leadership, mentoring and supervisory skills

Salary

Not specified

Benefits

Not specified

Contact InfoBermuda Monetary Authority

BMA House | 43 Victoria Street, Hamilton HM 12

careers@bma.bm

(441) 295 5278

Application Deadline

Aug 14, 2025

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