Assistant Director

  • 35143
  • Life - Other
  • |
  • Bermuda
  • |
  • May 7, 2019
  • Managing the team responsible for ongoing risk-based supervision of Long-Term, General Business and Special Purpose Insurer classes, and providing leadership, development and nurturing the growth of direct reports.
  • Providing an insurance risk framework and risk model development, market analysis, risk training and support.
  • Identifying and monitoring economic indicators and trends impacting the market at both the macro and micro level, and assessing the impact of these indicators on licensed commercial Property and Casualty and Life insurers.
  • 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 analyzing both past performance and forward looking indicators with the objective of identifying 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, government agencies and the financial services industry, as required, to keep abreast of industry trends
  • A Master’s Degree or equivalent qualification in Finance, Accounting or Insurance from a recognized institution or professional body.
  • A minimum of ten years’ experience, with at least five in the insurance industry acquiring knowledge related to solvency risks arising from both P&C and Life products, and/ or working experience with a regulatory body in an insurance-related capacity in P&C and Life analytics or supervision.
  • The ability to assimilate facts, analyze and prioritize 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.