Job ID:
87477
Job Type:
Full Time
Category:
Assistant
Educations:
Master Degree
Posted:
2025-03-13
Location:
Hamilton | United Kingdom
Job Views:
2
GBP Negotiable
Job Description:
Assistant Director - Supervision (Insurance) at the Bermuda Monetary Authority. This position is located in Hamilton, United Kingdom. We are seeking candidates with a Master Degree in a relevant field.
Job Responsibility:
Assistant Director in the Supervision (Insurance) Department. The successful candidate will lead a team responsible for designing and implementing the Authority's insurance supervision, risk framework, and market analysis programme. Responsibilities include:
* Managing a team responsible for ongoing risk-based supervision of a portfolio of Long-Term insurers and groups.
* 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.
* Modelling complex transactions, including sensitivity analysis and stress testing.
* Performing on-site examinations and financial reviews of financial statements and returns.
* Ensuring appropriate monitoring is in place to communicate issues, trends, and risks.
* Performing due diligence and reviewing internal models.
* Providing advice on technical matters pertaining to insurance supervision and risk assessment.
* Representing the Authority at various meetings, conferences, and seminars.
Minimum Requirements:
* A master's degree in finance, accounting, insurance, or an equivalent qualification.
* A minimum of ten (10) years of experience, with at least five (5) years in the life insurance industry.
* The ability to analyse and prioritise information 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 and international regulatory bodies.
The Authority is the integrated regulator of the financial services sector in Bermuda. We offer opportunities for exposure to international regulatory issues and various work experiences. If you are looking for a challenging opportunity in a team environment, please submit your application online via our ‘Careers at BMA' page on www.bma.bm by 25 March 2025. Bermuda Monetary Authority is an Equal Opportunity Employer.
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