Assistant Director - Long-Term and 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 and Financial Risk within our Supervision (Actuarial Services) Department. Reporting to the Deputy Director - Long-Term and Financial Risk, the postholder will be responsible for the Authority’s supervision of regulated long-term insurers at a senior level, delivering a broad range of actuarial, analytical and regulatory functions that span technical assessment, on-site supervision, licensing support and stakeholder engagement at local and international levels.
Responsibilities
* Supporting the Authority’s supervision of regulated long-term insurers, focusing on underwriting, reserving, risk aggregating processes and assessment of capital requirements.
* Supporting the Actuarial Services Department in the assessment and approval of internal capital model applications used for regulatory capital purposes.
* Supporting the Department in the development and application of statistical and financial analytics.
* Developing industry benchmarks for methodologies and assumptions used to research and develop best practices for regulatory analytics.
* Assisting with the ongoing development of the Bermuda supervisory regime, including matters relating to the Economic Balance Sheet and capital requirements.
* Supporting the Department with on-site inspections, particularly as it relates to establishing the appropriateness of insurer reserving practices and compliance with applicable legislation, codes and guidance.
* Supporting the Licensing and Authorisations Team in relation to insurer applications and authorisation requests.
* Representing the Authority at various local and international meetings, conferences and seminars involving meetings and information exchanges with regulatory bodies, government agencies and the financial services industry to maintain and develop key relationships whilst keeping abreast of industry trends.
* Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post.
Qualifications
* A master’s degree or equivalent qualification in actuarial science, mathematics, statistics, finance or a related quantitative field. FSA, FIA, FCIA, or similar professional credentials are preferred.
* A minimum of ten (10) years of relevant long-term insurance experience, of which at least five (5) years should be at a senior level in the financial services industry.
* Knowledge of and experience with insurance and reinsurance actuarial issues, including pricing, reserving, capital modelling, financial reporting and risk management, pertaining to long-term business.
* Excellent written, presentation and interpersonal skills with proven ability to communicate effectively with senior executives.
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. If you are looking for a challenging opportunity in a team environment, we invite you to submit your application via our ‘Careers at BMA’ page at www.bma.bm/vacancies. Applications for this position must be received no later than 09 June 2026.
Equal Opportunity Statement
Bermuda Monetary Authority is an Equal Opportunity Employer.
BMA House | 43 Victoria Street, Hamilton HM 12 | careers@bma.bm | (441) 295 5278
Individual Excellence... Collective Strength
#J-18808-Ljbffr