Deputy Director

  • 33455
  • Life - Other
  • |
  • Bermuda
  • |
  • Mar 20, 2018
Other
RESPONSIBILITIES
  • Managing the team responsible for on-going research, exploration and identification of the latest predictive analytic tools and techniques, and working with senior supervisors/actuaries (and the Project Management Office and Management Services/Information Technology to further enhance the risk-based insurance frameworks.
  • Assisting senior supervisors in setting supervisory strategy, and leading the team and supervisory working groups in the identification and research of emerging risks and supervisory innovations, and making recommendations on adapting supervisory frameworks to address risks or implementing innovations.
  • Providing technical support for supervisors during prudential meetings, supervisory colleges and other supervisory activities.
  • Liaising with the insurance industry, and managing (and working with the Actuarial Department and IT to update where required) the technology used for insurance prudential reporting (e.g. electronic statutory financial return, capital and solvency return, publication of prudential filing instructions (including guidelines for industry stress/scenario testing), and industry prudential return training;
  • Working with the Legal and Enforcement, Policy and International Affairs, Actuarial Services (and Project Management Office) Departments on updating insurance legislation, including producing legal drafting instructions and support tables, and coordinating internal consultation.
  • Working with senior supervisors, and Human Resources and Actuarial Services Departments with the on-going development of the supervisory training and development strategy, and arranging and coordinating technical training for staff.
  • Aggregating statistics and utilizing the analytical tools, and working with the Communications, Financial Stability and Actuarial Services Departments to publish thought leadership materials.
  • Representing the organization at both the international and local levels as required (advocacy, panels, and other external meetings).
QUALIFICATIONS
  • A Master’s degree or equivalent qualification in Insurance, Finance or Accounting from a recognized institution or professional body.
  • A minimum of 12 years’ relevant post graduate experience of which at least five years should be at a senior level in the financial services business (insurance industry), preferably with working experience with a financial regulatory body in an insurance supervisory role, and experience managing and developing teams and building high performance cultures.
  • Experience with insurance Life & Annuity, General Business and Insurance-Linked Securities supervision and supervisory frameworks.
  • Knowledge of Bermuda insurance regulation and legislation.
  • General knowledge and awareness of at least one common programming language (e.g. Python, R, etc.) and machine learning (and machine learning tools).
  • Data visualization and communication.
  • Basic statistics and statistical techniques.
  • The ability to strategies and set team objectives.
  • Exceptional analytical, presentation and communication skills (written and oral) and highly-developed team leadership and mentoring skills.-High motivational level.