SUPERVISION (BANKING, TRUST, CORPORATE SERVICES AND INVESTMENT) DEPARTMENT

The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Senior Analyst in our Supervision (Banking, Trust, Corporate Services and Investment) Department. Reporting to a Principal, the Senior Analyst will be responsible for performing supervisory activities, including on-site, prudential meetings and off-site examinations, monitoring licensee performance, analysing regulatory reports and undertaking research and other supervisory actions covering institutions licensed under the respective legislated financial service regimes supervised by the BMA.

THIS POSITION REQUIRES A PROVEN TECHNICAL AND BUSINESS BACKGROUND. THEREFORE, THE POST HOLDER MUST HAVE:

• A bachelor’s degree in business and/or an equivalent qualification in Finance or Accounting from a recognised institution or professional body
• Relevant professional qualifications (e.g., CA, CPA, CFA, TEP or FRM) would be a distinct advantage
• A minimum of five (5) years experience in the financial services industry, preferably within a financial regulatory body and/or an accounting firm
• Quantitative experience with strong analytical skills to effectively identify risk trends
• Experience conducting or participating in on-site reviews
• A strong track record of taking a positive, solutions-focused attitude towards complex problem-solving
• The ability to deliver effective outcome-focused actions in an environment where priorities may change at short notice
• A high degree of personal commitment and the ability to work well as a member of a team, as well as under pressure
• Confidence in conducting and speaking at meetings
• Strong oral and written communication skills, in particular, the ability to produce reports and business correspondence with a high level of accuracy within tight deadlines
• Proven experience in the evaluation of corporate governance structures, risk management frameworks and internal controls
• Working knowledge of computerised systems and databases, particularly the Microsoft Suite of products
  The 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 our ‘Careers at BMA’ page on www.bma.bm. Applications for this position must be received no later than 4 February 2025.
  Bermuda Monetary Authority is an Equal Opportunity Employer.
  Individual Excellence…Collective Strength

• Assisting with the planning and execution of on-site and off-site examinations and developing examination strategy and scoping
• Performing technical and compliance reviews of licensed/regulated business entities to evaluate compliance with existing laws, regulations, policies, codes, plans and procedures
• Developing agendas and schedules, attending meetings with and interviewing management (including C-Suite) and employees of financial undertakings to evaluate compliance with existing laws, regulations, policies, codes, plans and procedures
• Analysing and proposing recommendations and remediation action plans for compliance issues and control weaknesses noted from on-site and off-site examinations
• Preparing reports and memos for Senior Management detailing on-site review findings and recommendations
• Managing and monitoring the remediation process for financial undertakings with compliance issues
• Researching and consulting with other team members on technical issues
• Identifying matters for escalation to Senior Management within the Authority and assisting with enforcement referrals
• Assisting with the continuous risk assessment process
• Coordinating activities with wider team members concerning monitoring and reviewing licensed and regulated business entities and new regulatory policy issues affecting the industry
• Performing other related work and special projects as assigned by management