The Compliance Manager will play a central role in the design, implementation and day-to-day operation of 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.
- Manage and maintain key elements of the day-to-day compliance framework for Davies Captive Management across Bermuda, Guernsey, North America and other relevant captive management jurisdictions, ensuring agreed processes are kept current, embedded and operating effectively.
- Provide practical compliance advice, challenge and guidance to captive management leadership and operational teams on regulatory, financial crime and governance matters.
- Manage compliance with BMA requirements, including those relating to licensed insurance managers, insurance companies (including Segregated Accounts Companies) and brokers, AML/ATF, sanctions, KYC, client due diligence, record keeping, reporting and governance controls.
- Coordinate compliance with GFSC requirements and other applicable local regulatory obligations, liaising with the outsourced compliance officer for Guernsey and working with local management and external advisers where appropriate.
- Lead the delivery of client onboarding, periodic review, enhanced due diligence, sanctions screening and ongoing KYC processes for captive management clients, ensuring issues are identified, escalated and remediated appropriately.
- Deliver compliance monitoring, regulatory horizon scanning, policy reviews, risk assessments, training and management information across the captive management platform.
- Prepare compliance reports for relevant boards, committees and senior management, ensuring reporting is clear, proportionate and focused on material compliance risks, actions and trends.
- Act as the day-to-day compliance contact for regulatory enquiries, inspections, remediation activity and internal reviews affecting the captive management businesses, escalating significant matters to the Head of Legal and Compliance and other senior stakeholders as required.
- Drive effective coordination with Divisional Compliance, Legal, Risk, local management and third-party compliance consultants to ensure consistent standards, effective information flow and timely escalation of material issues.
- Promote a strong compliance, governance and controls culture across Davies Captive Management, supporting good client outcomes, regulatory confidence and disciplined business growth.
- Previous experience in compliance, financial crime, risk, governance or legal roles within insurance, captive management, insurance management or broader financial services.
- Good understanding of Bermuda regulatory expectations relevant to captive management and insurance management businesses, including BMA requirements, AML/ATF, sanctions, KYC and client due diligence controls.
- Awareness of Guernsey regulatory requirements and the ability to work effectively with outsourced compliance officer arrangements, local advisers and management teams in other captive management jurisdictions, including North America.
- Strong practical understanding of client onboarding, periodic review, enhanced due diligence, beneficial ownership, sanctions screening and financial crime escalation processes, with the ability to manage these processes in a disciplined and effective way.
- Ability to assess materiality, prioritise effectively and provide clear, pragmatic advice in a multi-jurisdictional business environment.
- Strong written and verbal communication skills, including the ability to prepare clear compliance reporting for boards, committees and senior management.
- High level interpersonal skills, with the confidence to build effective relationships with local management, client-facing teams, Divisional Compliance, Legal, Risk and external advisers.
- Good planning and organisational skills, with the ability to manage compliance processes, monitoring activity and regulatory requests in a disciplined and timely manner.
- 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 across Davies Captive Management.