Alm and Hedging Specialist

**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 across a number of specialist technical areas, including but not limited to research, Asset Liability Management (ALM), investment, hedging and liquidity risk management.

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

- Undertaking detailed reviews of the models and practices employed by regulated insurance entities in managing liquidity, insurance and market risks (interest rate risk, currency risk, spread risk, equity risk etc.) to evaluate compliance with existing laws, regulations, policies, codes, plans and procedures, and preparing reports for discussion and action
- Providing thought leadership and technical expertise on complex matters among ALM, hedging and investments, including structured and non-traditional investments
- Developing a range of tools to enable informed supervisory insight on liquidity stress testing, lapse risk management and capital markets scenario analysis
- Researching and assessing a range of complex financial market developments and using such analysis to update and enhance the supervisory toolkit
- Providing training, advice and senior-level technical support to regulatory and operational teams
- Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post

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

- A Master’s Degree in Finance, Investments, Risk Management, Economics or Actuarial Science and/or a professional designation from a recognised institution or professional body such as CFA, CAIA, ARPM, CQF, FSA, FIA, or CERA
- A minimum of seven (7) years’ relevant experience, of which at least three (3) years should be at a senior level working within a regulated financial services sector, preferably life insurance/reinsurance, investment sector, or as a financial services regulator. Suitably experienced academic researchers will also be considered
- Understanding of the key pillars of risk-based supervision such as economic balance sheet, standard formula, internal capital model, ORSA, BSCR, and stress tests
- Experience in portfolio construction, balance sheet management and ALM modelling
- Compelling evidence of knowledge and expertise in evaluating complex investment structures, balance sheet optimisation, derivatives and hedging
- Proficient in R, Python, MATLAB and/or other ALM software
- 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 experiences.
- Bermuda Monetary Authority is an Equal Opportunity Employer._
- Individual Excellence Collective Strength_