Compliance Manager, Captive Management

About the role

Davies Captive Management is looking for a Compliance Manager to play a central role in designing, implementing and running its compliance framework across Bermuda, Guernsey, North America and other captive management jurisdictions. The role covers core compliance activity, financial crime controls, KYC and client due diligence, and the regulatory expectations of the Bermuda Monetary Authority (BMA), the Guernsey Financial Services Commission (GFSC) and other regulators.

Key responsibilities

• Manage and maintain the day-to-day compliance framework, keeping processes current, embedded and effective.
• Advise, challenge and guide captive management leadership and operational teams on regulatory, financial crime and governance matters.
• Manage BMA requirements for licensed insurance managers, insurance companies (including Segregated Accounts Companies) and brokers, covering AML/ATF, sanctions, KYC, client due diligence, record keeping, reporting and governance.
• Coordinate compliance with GFSC requirements and other local obligations, liaising with the outsourced compliance officer for Guernsey and local management and advisers.
• Lead client onboarding, periodic review, enhanced due diligence, sanctions screening and ongoing KYC, ensuring issues are escalated and remediated.
• Deliver compliance monitoring, regulatory horizon scanning, policy reviews, risk assessments, training and management information.
• Prepare compliance reports for boards, committees and senior management.
• Act as the day-to-day compliance contact for regulatory enquiries, inspections, remediation and internal reviews, escalating significant matters to the Head of Legal and Compliance.
• Coordinate with Divisional Compliance, Legal, Risk, local management and third-party compliance consultants.

Required profile

• Previous compliance, financial crime, risk, governance or legal experience in insurance, captive management, insurance management or financial services.
• Understanding of Bermuda regulatory expectations for captive management and insurance management, including AML/ATF, sanctions and KYC.
• Awareness of Guernsey requirements and ability to work with outsourced compliance officers and local advisers.
• Ability to assess materiality, prioritise and give clear advice in a multi-jurisdictional setting.

Required skills

• Client onboarding, periodic review, enhanced due diligence, beneficial ownership and financial crime escalation.
• Strong written and verbal communication, including board-level reporting.
• Interpersonal skills to work with local management, client-facing teams, Legal, Risk and external advisers.
• Planning and organisational skills, sound judgement, integrity and discretion.