FS REGULATORY PARTNER (BERMUDA) (10+PQE) (US$300,000 - US$360,000) (6% TAX)
A rare offshore Partner level opportunity has arisen in the Bermuda office of this highly-respected major offshore firm. The role will involve leading a small but growing team which sits within the firm's tier 1 global FS Regulatory department, and you will be responsible for driving the development of the practice.
You will be an existing Partner level (or exceptional Counsel level) FS Regulatory specialist who can demonstrate significant experience from a recognised international law firm, although you may currently be working in an in-house role or for a regulatory body. You will need to be admitted in either the UK, Australia, Canada, Bermuda or another major offshore jurisdiction such as Cayman or BVI.
The firm is seeking someone who will deliver top tier service to existing clients and also contribute to the development of new client relationships and marketing. The ideal candidate should have an appetite for and track record in developing juniors. There will be opportunities to be involved in training, recruitment and management.
Day to day work will involve advising on a broad range of non-contentious regulatory matters for various industry sector clients including economic substance, beneficial ownership, data protection, anti-money laundering, sanctions, licensing and registration, FATCA/CRS, and regulatory obligations applicable to investment funds. You will have a deep understanding of the financial services industry overall including banking, insurance, securities investment business, fintech and investment funds, and a good understanding of the global and onshore regulatory landscape.
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, has specialised in recruiting lawyers for offshore law firms since 2009 including working in Grand Cayman for four and a half years during this period. He is a Cambridge University graduate who initially practised as an employment lawyer before switching to legal recruitment in 1996. 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:
Due to the low tax rates you can earn more than at Magic or Silver Circle firms in London whilst working more predictable hours, still being able to undertake interesting, high-value work on behalf of major blue-chip clients, and 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 have English as their main language and 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.