HR318: Assistant Director, Insurance Supervision | Bermuda

2 weeks ago


Hamilton, Canada Hamilton Recruitment Full time
ASSISTANT DIRECTOR – INSURANCE SUPERVISION – BERMUDA – ONLY 10% TAX – HR318

About this opportunity

Our client is seeking the services of a skilled and capable individual to work as an Assistant Director in their Supervision (Insurance) Department. Reporting to a Deputy Director, the Assistant Director will lead a team of professionals responsible for designing and implementing the insurance supervision, risk framework and market analysis programme by generating and interpreting market data and recommending appropriate supervisory action.

The post-holder will be responsible for but not limited to:
  • Managing a team responsible for ongoing risk-based supervision of a portfolio of long-term insurers and groups and providing leadership, development and nurturing the growth of direct reports
  • Providing insurance risk framework and risk model development, market analysis, risk training and support
  • Identifying and monitoring economic indicators and trends impacting the long-term insurance market at both the macro and micro level and assessing the impact of these indicators on licensed commercial life insurers and groups
  • Modelling complex transactions, including sensitivity analysis, stress testing and assessment of financial soundness indicators, whilst also managing a team of risk analysts to ensure accuracy and reconciliation of numbers and appropriate techniques
  • Performing on-site examinations and financial reviews of financial statements and returns, including risk exposure and probable maximum loss, risk management strategies, capital adequacy, governance and other relevant sources of information for both insurance legal entities and insurance groups
  • Ensuring appropriate monitoring is in place with the objective of communicating issues / trends / risks and recommending appropriate supervisory action
  • Performing due diligence and reviewing internal models, including peer comparisons and industry reviews, by analysing both past performance and forward-looking indicators to identify emerging risks
  • Providing advice on all relevant technical matters pertaining to insurance supervision, risk assessment, macroprudential drivers and risk model tool development
  • Representing the company at various local, regional and international meetings, conferences and seminars with other regulatory bodies and the financial services industry, as required, to keep abreast of industry trends
What you'll need
  • A master's degree in finance, accounting or insurance and/or equivalent qualification from a recognised institution or professional body (e.g., CPA, CA, CFA, ASA, CERA, FIA, etc.)
  • 10+ years' experience, of which at least 5 years should be in the Life insurance industry acquiring knowledge related to solvency risks arising from life products and / or working experience with a regulatory body in an insurance-related capacity in life analytics or supervision
  • The ability to assimilate facts, analyse and prioritise information to ensure accuracy and conformity of procedures for risk assessments
  • A working knowledge of licensed Bermuda entities' operations
  • The ability to lead and provide training on policy development initiatives
  • The ability to interface with the financial services industry, government and various international regulatory bodies
How to apply
  • To apply, attach your résumé or include a link to your LinkedIn profile
  • If you don't provide one of the above, we can't progress your application
In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities.

Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, together we'll help make it happen. #J-18808-Ljbffr

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