Description
The Compliance Manager will play a central role in designing, implementing, and operating the compliance framework across Davies Captive Management, including Bermuda, Guernsey, North America, and other relevant captive management jurisdictions.
The role is responsible for managing core compliance activity, financial crime controls, KYC/client due diligence, and captive management-specific regulatory requirements, including expectations of the Bermuda Monetary Authority (BMA), the Guernsey Financial Services Commission (GFSC), and other applicable regulators.
Key Responsibilities
- Manage and maintain key elements of the day-to-day compliance framework for Davies Captive Management across multiple jurisdictions.
- Provide practical compliance advice, challenge, and guidance to captive management leadership and operational teams.
- Manage compliance with BMA requirements, including those relating to licensed insurance managers, insurance companies, and brokers.
- Coordinate compliance with GFSC requirements and other applicable local regulatory obligations.
- Lead the delivery of client onboarding, periodic review, enhanced due diligence, sanctions screening, and ongoing KYC processes.
- Deliver compliance monitoring, regulatory horizon scanning, policy reviews, risk assessments, training, and management information.
- Prepare compliance reports for relevant boards, committees, and senior management.
- Act as the day-to-day compliance contact for regulatory enquiries, inspections, remediation activity, and internal reviews.
- Drive effective coordination with Divisional Compliance, Legal, Risk, local management, and third-party compliance consultants.
- Promote a strong compliance, governance, and controls culture across Davies Captive Management.
Skills, Knowledge & Expertise
- Previous experience in compliance, financial crime, risk, governance, or legal roles within insurance, captive management, or broader financial services.
- Good understanding of Bermuda regulatory expectations relevant to captive management and insurance management businesses.
- Awareness of Guernsey regulatory requirements and the ability to work effectively with outsourced compliance officer arrangements.
- Strong practical understanding of client onboarding, periodic review, enhanced due diligence, beneficial ownership, sanctions screening, and financial crime escalation processes.
- Ability to assess materiality, prioritise effectively, and provide clear, pragmatic advice.
- Strong written and verbal communication skills.
- High-level interpersonal skills, with the confidence to build effective relationships with local management, client-facing teams, and external advisers.
- Good planning and organisational skills, with the ability to manage compliance processes, monitoring activity, and regulatory requests.
- Sound judgement, integrity, and discretion, with the credibility to identify issues, challenge constructively, and escalate matters appropriately.
- A proactive, delivery-focused approach and commitment to maintaining a strong compliance culture.