Deputy Director

  • 36144
  • Life - Actuarial
  • |
  • Bermuda
  • |
  • Oct 29, 2019
Other
RESPONSIBILITIES
  • Setting strategies and managing the day to day operations of the various insurance supervision teams responsible for Captive, Commercial, Insurance-Linked Securities, Innovative Structures, and Cyber.
  • Supervising the Company’s insurance regulatory sandbox and insurance innovation hub, and ensuring the company has effective frameworks and approaches to address developments arising from specialty insurance market.
  • Working with senior supervisors, as well as 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.
  • Setting strategy and monitoring the effectiveness of staff engagement across insurance supervision and working closely with Human Resources and Organisational Development to ensure that insurance supervision is adequately prepared for insurance innovation and adverse sectoral developments that may arise.
  • Coordinating strategies with the team responsible for on-going research, exploration and identification of the latest predictive analytic tools and techniques, and working with senior supervisors/actuaries to further enhance the Company’s risk-based insurance frameworks.
  • Guiding senior supervisors in setting supervisory strategy, 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 the technology used for insurance prudential reporting, publication of prudential filing instructions, and industry prudential return training.
  • Working with the Company’s 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.
  • Aggregating statistics and utilising the Company’s analytical tools and working with the Communications, Financial Stability and Actuarial Services Departments to publish thought leadership materials.
  • Leading strategic advocacy and insurance regulatory discussions with senior personnel of foreign regulatory bodies in jurisdictions that are key for the insurance industry, and representing the Company at both the international and local levels as otherwise required.
QUALIFICATIONS
  • A Master’s degree or equivalent qualification in Insurance, Finance or Accounting from a recognised 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 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 InsurTech, SupTech, and machine learning tools.
  • Data visualisation and communication abilities.
  • Understanding and utilisation of basic statistics and statistical techniques.
  • The ability to strategise and set team objectives.
  • Exceptional analytical, presentation and communication skills and highly-developed team leadership and mentoring skills.