Walkers expands into compliance services
Walkers Professional Services has expanded its Bermuda business into regulatory compliance services with the hiring of former Deloitte compliance professional, Michael Wynne.
In his new role as senior vice-president of Regulatory Compliance Services, Mr Wynne will work with Melanie Fullerton, of Walkers' Global Regulatory and Risk Advisory legal practice, to provide the Bermuda market with integrated compliance and legal solutions to regulatory matters, the firm said.
This new service offering will encompass a broad range of regulatory and operational compliance engagements, ranging from compliance framework construction, assessment and remediation to training and internal controls testing, Walkers said.
Mr Wynne was formerly a part of Deloitte's Financial Crime Compliance team and was integral in the initial establishment and development of the department. During his time there, he managed C-suite level compliance engagements, advising Bermudian and British Virgin Islands financial institutions on regulatory matters relating to their AML/ATF and Sanctions compliance framework.
Prior to this, Mr Wynne worked as a compliance officer at Earthport plc, now Visa Payments Ltd, a London-based financial technology company.
Natalie Neto, Walkers partner, said: “The recruitment of Michael is a key next step in the expansion of our WPS business. In our view, the joined-up approach provided by WPS and Walkers Bermuda is unique in Bermuda and will provide clients with assurance that their regulatory framework is legally sound and operationally effective from a compliance perspective.”