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 activity, including monitoring the insurer’s performance, regulatory reporting and undertaking appropriate supervisory actions in line with legislation and/or strategic business goals.

**This is a key role for the Authority and the post-holder will be responsible for but not limited to**:

- Undertaking on-site reviews and analysis of selected businesses and their respective capital models by utilising various risk assessment methodologies to evaluate compliance with existing laws, regulations, policies, plans and procedures and/or identifying risk issues and formulating reports on findings for submission and discussion with management
- Developing agendas and schedules and attending prudential meetings with financial entities to discuss findings of the review, minute discussions/decisions and developing corrective action plans as appropriate
- Monitoring the financial market with a specific focus on developments in the insurance industry (local and international), regulatory bodies/regimes, and accounting standards, as well as marketing information on insurance companies via monitoring of key indicators, newspapers, periodicals, media and relevant websites
- Close monitoring of companies with compliance issues, ensuring timely follow-up with company representatives and ensuring appropriate supervisory action(s) is taken
- Reviewing documents/reports/recommendations from staff on regulatory or operational matters and determining the appropriate course of action
- Participating in local and international meetings, conferences, and seminars with other regulatory bodies, governmental agencies and the financial services industry
- Providing managerial direction, leadership and supervision to the assigned team member(s), in addition to providing support for technical and administrative issues
- Monitoring the performance of individual team members, providing routine mentoring and feedback and preparing formal performance appraisal reports as prescribed by the performance management process
- Identifying training needs of direct reports in conjunction with core competencies and ‘learning and development’ established programmes for their development by way of formal training courses, special projects or on-the-job exposure
- Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post

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

- A master’s degree or equivalent qualification in a financial or accounting discipline from a recognised institution or professional body
- A minimum of seven (7) years relevant experience, of which at least (3) years should be at a senior level working within a regulated financial services business, preferably in long-term insurance, or as a financial services regulator
- Experience conducting or participating in forensic investigations or inspections would be beneficial

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

Bermuda Monetary Authority is an Equal Opportunity Employer.

Individual Excellence Collective Strength

  • Principal, Actuary

    6 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

    6 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

    6 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

    2 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

    1 week 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...

  • Business Development Director

    2 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

    3 days 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...

  • Department Supervisor

    4 days ago

    Hamilton, United Kingdom Halfords Full time

    £10.60 per hour + performance related incentives This position is based at our Hamilton store. Core hours are 30 per week plus overtime. Ready to take the next step in your Retail career? Take your knack with customers to the next level, working with your team to wow every Halfords customer you meet. This role is the gateway to management - you’ll have...

  • Department Supervisor

    5 days ago

    Hamilton, United Kingdom Appcastenterprise Full time

    This position is based at our Hamilton store. Core hours are 30 per week plus overtime. £10.60 per hour + performance related incentives Ready to take the next step in your Retail career?Take your knack with customers to the next level, working with your team to wow every Halfords customer you meet. This role is the gateway to management - you’ll have...

  • Department Supervisor

    3 days ago

    Hamilton, United Kingdom Halfords Retail Full time

    This position is based at our Hamilton store. Core hours are 30 per week plus overtime. £10.60 per hour + performance related incentives Ready to take the next step in your Retail career? Take your knack with customers to the next level, working with your team to wow every Halfords customer you meet. This role is the gateway to management - you’ll have...

  • Asbestos Consultant

    1 day ago

    Hamilton, United Kingdom Ensafe Consultants Full time

    Carry out all elements of asbestos surveys, project management and supervision of LARCs during site set up for the removal of asbestos. Undertake compliance air monitoring, suitably controlled visual inspections and 4 stage clearances in full accordance with the Control of Asbestos Regulations, and associated HSE guidance. **Job Specific** - Deliver all...