FS REGULATORY (BERMUDA) (3 - 4 PQE) (USD 145,000 - USD 155,000) (6% TAX)

An excellent opportunity for a junior FS regulatory lawyer exists at this highly respected Bermuda practice. You will ideally have between 3 - 4 years' PQE gained at a major international or major domestic firm and be either UK, Australian or New Zealand admitted. The firm regularly advises non-regulated and regulated financial institutions including a wide range of businesses in the banking, insurance and reinsurance, investment fund, administrator, fiduciary and investment management, advice, broker-dealer and arranger sectors, including:

• all regulatory applications and notifications, including new licences, variations or cancellations of existing licences and others
• regulatory implications of mergers, acquisitions and reorganisations, including obtaining regulatory approval for changes of ownership or control
• all day-to-day regulatory compliance matters
• all required policies, procedures and compliance monitoring programmes
• regulatory gap analysis and audits
• preparing for regulatory inspections 
• anti-money laundering and counter-terrorist financing, including delegation, reliance on third parties and designation of compliance and money laundering reporting officers
• international sanctions
• anti-bribery and corruption
• market abuse and insider dealing
• corporate governance and directors' duties, fitness and propriety
• outsourcing
• business continuity
• regulatory capital and reporting, segregation of assets
• regulatory strategy and developments, including extra-territorial impact of foreign regulation
• regulatory aspects of transactional documentations and service provider agreements
• marketing of investment products and services
• data protection, including GDPR and local legislation
• confidential information and data protection
• FATCA and CRS
• beneficial ownership
• internal and regulatory investigations

Winchester Search is a boutique independent search and selection firm serving the offshore, Asian, Australian and London markets. Simon Scott, head of our offshore practice, is a Cambridge University law graduate and former employment lawyer who has worked in legal recruitment since 1996 and specialised exclusively in the offshore market since 2009, including living and working as a legal recruiter in Grand Cayman for almost five years. With over a decade's experience of the offshore market behind him, he has forged strong relationships with Managing Partners, heads of department and senior HR personnel at all the major offshore firms. 

There are several compelling reasons why a significant number of lawyers from the world’s leading international law firms across the globe decide every year to make a combined career and lifestyle move to Cayman, BVI and Bermuda:

Remuneration

Due to the low tax rates, you can earn as much as working for some of the highest-paying US firms in London and significantly more than working for Magic or Silver Circle firms in London, whilst -

(a)  working ​shorter and ​more predictable hours;
(b)  still being able to undertake interesting, high-value work on behalf of major blue-chip clients;
(c)  having greater client contact and opportunity for travel and business development.

Quality of life

(a)  Superb climate (average daily high temperatures range from 29C - 33C in Grand Cayman; 28C – 31C in BVI; and 20C – 30C in Bermuda). 

(b)  Much shorter commute to work (whether on foot or by bike, scooter or car).

(c)  Being able to live in close proximity to the ocean. 

(d)  Far more relaxed nature of island life. 

(e)  Extremely picturesque surroundings where there is virtually zero air pollution.

(f)  The climate lends itself to participation in sport and outdoor activities, whether water sports and activities (swimming, snorkelling, paddle-boarding, kitesurfing, scuba diving, fishing, sailing, jet-skiing, canoeing), team sports (there are leagues for football, cricket, rugby, hockey etc) or individual sports and activities (cycling, jogging, crossfit, outdoor yoga, golf, tennis).   

Ease of transition

All the islands (a) have English as their main language and (b) have a very friendly, lively and cosmopolitan expat community (circa 50% of the population in Bermuda, BVI and Cayman are expats drawn from every corner of the globe), which makes settling into island life much easier. In addition, no exams are necessary to get admitted and practise in Cayman, BVI or Bermuda.

Please note that we are only able to respond to applicants who satisfy the criteria set out in the job spec above and whom we believe will be of interest to our clients.

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