Assistant Director Supervision (Anti-Money Laundering/Anti-Terrorist Financing) Department
Description
Assistant Director
Supervision (Anti-Money Laundering/Anti-Terrorist Financing) Department
The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as an Assistant Director in our Supervision (Anti-Money Laundering/Anti-Terrorist Financing) Department. Reporting to a Deputy Director, the Assistant Director will be responsible for overseeing and managing the Authority’s objectives of executing a risk-based AML/ATF supervisory plan for their team. Heading a team of AML/ATF supervisors, the Assistant Director is responsible for supporting the development of the annual supervisory plan, performing their assigned on-site and off-site reviews, supporting licence applications and changes and working effectively with other stakeholders inside and outside the Authority who are involved in implementing the Authority’s AML/ATF framework.
This is a key role for the Authority and the postholder will be responsible for but not limited to:
• Managing a team of supervisors to meet the Authority’s objectives and responsibilities in the area of AML/ATF licensing and on-site and off-site inspections
• In conjunction with the Risk and Analytics team, reviewing and maintaining the existing AML/ATF guidance notes and AML/ATF supervision policies and procedures against FATF recommendations and managing the updating process as necessary
• Engaging actively with other departments as it pertains to the Authority’s AML/ATF roles and responsibilities
• Providing senior level subject matter expertise to regulatory or policy team relative to the Authority’s statutory responsibilities within the various areas of AML supervision and compliance
• Participating in local and international meetings, conferences, seminars with other regulatory bodies, governmental agencies and the financial services industry
• Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post
This position requires a proven technical and business background, therefore, the postholder must have:
• A Master’s degree from a recognised institution in a business or finance-related field OR equivalent professional qualification(s) such as ICA, ACAMS, CFA, FRM from a recognised professional body in tandem with relevant work experience suitable to the responsibilities of the position
• Minimum of ten (10) years relevant experience of which at least five (5) years should be at a senior level in the financial services business and/or working experience with a financial regulatory body
• Experience in conducting or participating in forensic accounting reviews, corporate investigations or inspections
• Proven experience in the evaluation of corporate governance structures, risk management frameworks and/or internal controls
• Knowledge of relevant local and international regulatory standards
Bermuda Monetary Authority is the integrated regulator of Bermuda’s financial services sector. We offer the opportunity for broad exposure to international regulatory issues, special projects and a variety of work experiences.
If you are looking for a challenging opportunity in a team environment, we invite you to submit your application online via www.bma.bm/vacancies. Applications for this position must be received no later than 16 October 2026.
Bermuda Monetary Authority is an Equal Opportunity Employer
BMA House | 43 Victoria Street, Hamilton HM 12 | [email protected] | (441) 295 527
Professionalism, Integrity, Accountability, Adaptability, Collaboration