We are seeking candidates for our open Compliance Officer position in our Bermuda location
What can you expect?
The Marsh Captive Solutions (“Marsh”) Compliance Officer role is responsible for providing compliance and compliance risk services to support Marsh in Bermuda. Candidate is required to have working knowledge of insurance operations, Bermuda Insurance Code of Conduct, Bermuda Proceeds of Crime Regulations, Bermuda Sanctions Regime, Bermuda Personal Information Protection Act and local (and global to a lesser extent) legislative and regulatory environment. This professional role provides specialized support related to Compliance and Regulatory functions, understands the applicable local regulations, monitors local regulatory developments and develops policies and procedures to meet regulatory requirements.
What is in it for you?
Being part of the Marsh McLennan businesses; a premier global brand with strong financial results.
Competitive salary with full comprehensive benefits programs including: health insurance, life insurance, STD/LTD, generous pension contributions, employee assistance program, generous paid time off for vacation, sick, company holidays and time to give back to your community via volunteer opportunities and other programs.
Working with the most innovative and respected insurance colleagues in the industry
We will count on you to:
Establish, monitor, manage and review compliance with Bermuda legislative and regulatory frameworks covering Compliance risk areas.
Manage and oversee the Marsh compliance program.
Appointed Compliance Officer, Money Laundering Reporting Officer and Privacy Officer for Marsh.
Maintain suite of Marsh Compliance policies/standards/manuals.
Conduct annual compliance risk assessment.
Provide Marsh Bermuda Compliance Program updates to Marsh Boards and Committees of Boards.
Prepare compliance responses for regulatory filings.
Maintain and enhance the Compliance internal control framework as it relates to the MMC Global Compliance Policies.
Develop and maintain relationships with business leaders and internal/external stakeholders.
Provide guidance to Marsh Bermuda employees on Compliance matters.
Act as the Compliance subject matter expert for Internal Audit and Compliance Monitoring and Testing reviews of Marsh business.
Perform local Compliance training for Marsh Bermuda and other MMC entities.
Other duties as required.
What you need to have:
Bachelor’s Degree or equivalent with 5+ years’ experience in a Compliance, Legal or Regulatory position within the insurance industry.
Demonstrated knowledge of applicable laws and regulations governing insurance businesses.
Expertise working with local regulators and ability to influence across both internal and external stakeholders, across all levels of the organization.
Experience managing anti-money laundering and anti-terrorist financing program for regulated financial institutions.
Experience managing sanctions and politically exposed person programs.
Experience reporting to Boards, Committees of Boards and Sr. Management.
Demonstrated ability to produce results.
Ability to confront conflict and difficult issues in a professional, assertive and proactive manner.
What makes you stand out:
Excellent organizational, written, verbal and presentation skills including the ability to interpret and communicate compliance guidance internally.
Self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in fast-paced, changing environment.
Demonstrated ability in adapting to changes and expanding responsibilities.
Marsh is the world’s leading insurance broker and risk adviser. With more than 45,000 colleagues advising clients in over 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. For more information, visit marshmclennan.com, follow us on LinkedIn and X.
Marsh McLennan is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
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