Senior Specialist – Complex Risks, Supervision (Insurance, Funds and Corporate Authorisations) […]

Senior Specialist – Complex Risks

Senior Specialist – Complex Risks, Supervision (Insurance, Funds and Corporate Authorisations) Department. The Bermuda Monetary Authority (BMA) is seeking an experienced and highly credible Senior Leader to join its P&C Supervision Department as a Senior Specialist. Reporting to the Director, the Senior Specialist will provide strategic leadership on complex, cross‑cutting risk and supervisory topics for the P&C sector, shaping supervisory judgement and ensuring consistency across teams.

Responsibilities

• Provide senior leadership, direction and supervisory judgement for the supervision of higher risk and complex insurers and groups.
• Represent BMA in supervisory colleges, crisis management groups, and cross‑border engagements, including international standard‑setting bodies and conferences.
• Ensure supervisory approaches for the P&C sector remain aligned with international standards, best practice, and the Authority’s risk appetite.
• Lead supervisory thinking on actuarial matters – reserving, liquidity risk, and complex structural risk profiles, including non‑traditional and illiquid assets – and work closely with actuarial and investment experts.
• Oversee peer reviews, deep‑dive assessments, and thematic risk reviews of actuarial‑related areas, providing forward‑looking insights to the P&C Team.
• Contribute to the shaping of regulatory approaches and support wider supervision teams on the supervision of the legacy sector, artificial intelligence, and emerging topics, focusing on prudential implications.
• Own and develop BMA’s approach to using insurance market data for market reports, trend analysis, and thematic reviews.
• Lead the development and coordination of specialist expertise, strengthening technical depth and supervisory consistency across the Department.
• Support enforcement and remediation actions where actuarial weaknesses are identified.

Qualifications

• Master’s degree in actuarial science, finance, economics, or a related quantitative discipline from a recognised institution.
• Minimum of twelve (12) years of experience, of which at least five (5) years should be in a senior leadership position within the financial services sector and/or with a financial regulatory body.
• Demonstrated experience in the supervision of international active insurance groups.
• Demonstrated experience in cross‑cutting supervisory topics, such as P&C actuarial reviews, recovery planning, asset‑liability management, etc.

Bermuda Monetary Authority is an Equal Opportunity Employer.

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