Principal - Supervision (Insurance)

4 days ago

Hamilton, United Kingdom Bermuda Monetary Authority Full time

**Description**:
**Principal**

**Supervision (Insurance) Department**
The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Principal in our Supervision (Insurance) Department. Reporting to an Assistant Director, the Principal will manage a team of professionals responsible for regulatory supervision activities, including monitoring and critically assessing insurers’ performance, with informed insight, analysing regulatory reporting, and undertaking appropriate supervisory actions in accordance with legislation.

**This is a key role for the Authority and the post-holder will be responsible for**:

- Undertaking reviews of prudential and financial filings by regulated insurance entities to evaluate compliance with existing laws, regulations, policies, codes, plans and procedures, and preparing reports for discussion and action
- Developing plans and executing on-site reviews and prudential meetings with insurance entities
- Monitoring insurance entities for compliance by review, analysis and timely, direct follow-up with company representatives
- Communicating review findings by preparing final reports and discussing findings with management and insurers
- Providing advice and senior-level technical support to regulatory or operational teams
- Providing first-line leadership to a team of Senior Analysts
- Motivating and monitoring performance and overseeing the development of team members in the achievement of departmental objectives
- Performing other related work and special projects as assigned by management

**This position requires a proven technical and business background. Therefore, the post-holder must have**:

- A Master’s Degree or equivalent qualification in Risk Management and Finance (e.g. CERA, FRM, CFA), Actuarial Science (e.g. FSA, FIA), or Accounting (CPA, CA, ACCA) from a recognised institution or professional body
- A minimum of seven years’ relevant postgraduate experience, of which at least three years should be at a senior level working within a regulated financial services sector, preferably in life insurance/ reinsurance and/or as a financial services regulator;
- Rating agency, enterprise risk management and life insurance knowledge will be an advantage
- Understanding of the key pillars of risk-based supervision such as economic balance sheet, standard formula, internal capital model, ORSA, BSCR, stress tests including ALM, cash flow and solvency stress tests.
- Experience conducting or participating in on-site reviews, credit rating reviews, forensic accounting reviews, investigations or inspections
- Proficiency with insurance and investment accounting for reviewing and analysing financial statements
- Compelling evidence of knowledge and expertise in evaluating corporate governance structures, corporate culture, risk management frameworks and/or internal controls
- The ability to work in a fast-paced environment, with a high degree of accuracy
- Accountability for work and proactive with assigned tasks
- A willingness to work outside normal business hours as required

Bermuda Monetary Authority is the integrated regulator of the financial services sector in Bermuda. We offer the opportunity for broad exposure to international regulatory issues, special projects and a variety of work experience.

**Bermuda Monetary Authority is an Equal Opportunity Employer.**
**Individual Excellence Collective Strength

  • Principal - Supervision (Insurance)

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Principal** **Supervision (Insurance) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Principal in our Supervision (Insurance) Department. Reporting to an Assistant Director, the Principal will lead a team responsible for regulatory supervision...

  • Principal, Actuary

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Principal - Actuary** **Supervision (Insurance) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Principal - Actuary in our Supervision (Insurance) Department. Reporting to an Assistant Director, the Principal - Actuary will manage a team of...

  • Assistant Director

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Assistant Director** **Supervision (Insurance) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as an Assistant Director in our Supervision (Insurance) Department. Reporting to a Deputy Director, the Assistant Director will lead a team of professionals...

  • Senior Officer- Supervision

    6 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Senior Officer** **Supervision (Insurance) Department** The Bermuda Monetary Authority (Authority or BMA) seeks the services of a skilled and capable individual with a passion, professional pragmatism and commitment to climate change and sustainability work, practices and developments. The post is for a Senior Officer role to be a part of...

  • Pension and Annuities Specialist

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Pension and Annuities Specialist** **Supervision (Insurance) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Pension and Annuities Specialist in our Supervision (Insurance) Department. Reporting to the Assistant Director, the Pension and Annuities...

  • Alm and Hedging Specialist

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **ALM and Hedging Specialist** **Supervision (Insurance) Department** Bermuda Monetary Authority (BMA or Authority) is seeking the services of a skilled and capable individual to work as an ALM and Hedging Specialist in our Supervision (Insurance) Department. Reporting to the Assistant Director, the ALM and Hedging Specialist will work...

  • Risk Based Capital Specialist

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Risk Based Capital Specialist** **Supervision (Insurance) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Risk Based Capital Specialist in our Supervision (Insurance) Department. Reporting to the Deputy Director, the Risk Based Capital Specialist will...

  • Assistant Director

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Assistant Director - P&C** **Supervision (Actuarial Services) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking a qualified and experienced individual to perform the duties and responsibilities of Assistant Director - P&C to join our Property & Casualty Team in our Supervision (Actuarial Services) Department....

  • Assistant Director, Long-term

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Assistant Director, Long-Term & Financial Risk** **Supervision (Actuarial Services) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a qualified and experienced individual to perform the duties and responsibilities of Assistant Director, Long-Term & Financial Risk within our Supervision (Actuarial...

  • Assistant Director, Long-term

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **Assistant Director, Long-Term & Financial Risk** **Supervision (Actuarial Services) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a qualified and experienced individual to perform the duties and responsibilities of Assistant Director - Long Term & Financial Risk within our Supervision (Actuarial...

  • International and Regulatory Affairs Specialist

    7 months ago

    Hamilton, United Kingdom Bermuda Monetary Authority Full time

    **Description**: **International and Regulatory Affairs Specialist** **Supervision (Insurance) Department** The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as an International and Regulatory Affairs Specialist in our Supervision (Insurance) Department. Reporting to the Deputy Managing...

  • Customer Service Protection Specialist

    3 weeks ago

    Hamilton, South Lanarkshire, United Kingdom RECRUITMENTiQ Full time

    **Company Overview:** RECRUITMENTiQ is working in partnership with a rapidly growing and successful Mortgage Brokerage based in South Lanarkshire.We are looking for a talented Protection Adviser to join our team. This is an exciting opportunity for someone who wants to develop their skills and knowledge in the mortgage industry.The ideal candidate will have...

  • Food Service Leader

    2 weeks ago

    Hamilton, South Lanarkshire, United Kingdom Tony Macaroni Full time

    Job SummaryWe are a dynamic food establishment seeking an exceptional leader to drive business growth and deliver outstanding customer experiences. As General Manager, you will be responsible for managing restaurant operations, developing marketing strategies, and financially controlling the business.Responsibilities- Manage all aspects of restaurant...

  • Class 2 Driver

    4 days ago

    Hamilton, United Kingdom Menzies Distribution Ltd Full time

    **Class 2 Driver - Multi Drop** Menzies Distribution are looking for a Class 2 Driver to join our team in **Hamilton**. This role is based on a basic **35**hour week working **Monday - Friday** **Class 2 Driver Duties**: - Planning delivery schedules and routes with transport manager - Supervising and helping to load and unload goods - Ensure the vehicle,...

  • Business Development Director

    3 weeks ago

    Hamilton, South Lanarkshire, United Kingdom Tony Macaroni Full time

    Company OverviewWe are a prominent food company with a rich history of excellence. Our restaurants offer a unique blend of fine dining and casual elegance, making us a favorite among locals and visitors alike.Job DescriptionWe are seeking an experienced General Manager to lead our restaurant operations. The successful candidate will be responsible for...

  • General Builder

    1 week ago

    Hamilton, United Kingdom APSFM Full time

    **This is a fantastic opportunity for an experienced Multi skilled -Small works builder with relevant experience in all building trades (example: Joinery, Tiling, Building Fabric (General Builder) who has a varied knowledge of carrying out General Small Building Works, You would be responsible for carrying out our customer requirements to the highest...

  • Cleaner

    7 months ago

    Hamilton, United Kingdom Aramark UK Full time

    **Your Aramark journey starts here** Are you looking for a casual part time job to fit nicely around a busy lifestyle? If so, we have a job for you! We are currently recruiting for a Cleaner to join our team at Hatton House, Bothwell Road, Hamilton, ML3 0AS **Perks of the job** - £10.42 per hour - Contract to cover maternity leave - 10 hours per week -...

  • General Builder

    6 months ago

    Hamilton, United Kingdom APSFM Full time

    **This is a fantastic opportunity for an experienced Multi skilled -Small works builder with relevant experience in all building trades (example: Joinery, Tiling, Building Fabric (General Builder) who has a varied knowledge of carrying out General Small Building Works, You would be responsible for carrying out our customer requirements to the highest...

  • Grounds Maintenance Team Supervisor

    1 day ago

    Hamilton, South Lanarkshire, United Kingdom Uk Landscapes Limited Full time

    About Uk Landscapes Limited">Uk Landscapes Limited is a leading provider of grounds maintenance services, seeking an experienced and motivated individual to lead our team.">Job Description:">We are looking for a skilled and enthusiastic Team Leader & Grounds Maintenance Operative to join our team. As a Team Leader, you will be responsible for overseeing the...

  • Senior Site Coordinator

    15 hours ago

    Hamilton, South Lanarkshire, United Kingdom beBee Professionals Full time £35,000 - £45,000

    About beBee ProfessionalsWe are a dynamic construction company based in Hamilton, United Kingdom, seeking a seasoned Senior Site Coordinator to lead our construction projects.Compensation and PerksA competitive salary ranging from £55,000 to £75,000 per annum, along with bonuses tied to project success. We also provide a comprehensive pension plan, medical...