Risk Director
Company: Everest Global Services, Inc.
Job Category: Risk Management
Job Type: Full time, Regular
Locations: Bermuda (Primary), Dublin (Ireland), London, New York (NY), Warren (NJ).
About the Role
The Enterprise Risk Management team needs a Risk Capital Modelling Director experienced with Bermuda Regulation. The role supports analytics across the Group, US and Bermuda entities and collaborates with stakeholders across the organization.
Responsibilities
* Conduct reviews of BSCR calculations for Group and US entities to support effective challenge of the first line.
* Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for accuracy and efficiency.
* Implement BMA rules and guidance into processes and modelling solutions.
* Analyse changes in regulatory capital and BSCR ratio over time, considering underwriting, reserving, market, credit and operational risks.
* Deliver comprehensive analysis and insights on capital adequacy to inform business planning, determine risk appetite, and facilitate strategic decision-making.
* Conduct or support capital impact assessments across multiple scenarios and stress tests involving new products, business lines, or reinsurance structures.
* Explore capital optimization, including refining reinsurance strategies, legal entity structures and intra-group transactions.
* Engage collaboratively with Risk Management, Finance, Actuarial and Investments teams to ensure alignment between regulatory capital, economic capital, ORSA/ERM frameworks such as risk appetite and stress testing activities.
* Effectively communicate complex regulatory capital concepts to non-actuarial stakeholders, such as senior management, in a clear and concise manner.
* Facilitate training and knowledge transfer within actuarial and risk teams regarding BMA capital requirements and associated topics.
* Design and maintain robust controls around the end‑to‑end BSCR process, including data validation, peer review and sign-off procedures.
* Produce and maintain clear documentation for assumptions, methods and limitations, including process maps and user guides for the capital calculation tools, governance frameworks and control checklists.
* Develop and refine actuarial methodologies underlying BSCR calculations, such as stress and scenario testing, risk aggregation and parametrization of general insurance underwriting, market, credit, CAT (natural and man‑made), Climate, Cyber and Mortgage risks where relevant.
* Ensure actuarial models and tools comply with internal model governance standards, including documentation, version control and validation protocols.
Qualifications & Experience
* Near‑qualified or fully qualified actuary preferred (e.g., FIA, FSA, FCIA, FCAS, FIAA, AIA, ASA, ACIA, ACAS, AIAA or equivalent).
* Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics or a related quantitative discipline.
* 10+ years of actuarial experience in P&C (re)insurance.
* 5+ years of direct, hands‑on experience with Bermuda regulatory capital calculations, including BSCR.
* Familiarity with other regulatory regimes (e.g., Solvency II, US RBC, ICIS) and ability to compare frameworks, including experience with ORSA or similar enterprise risk management frameworks.
* Experience interacting with regulators, auditors or rating agencies preferred.
Benefits & Compensation
Base salary range: $116,000 – $150,000 annually, commensurate with education, experience, qualifications and work location. Benefits include health insurance, wellness program, life and disability insurance, 401(k) match, retirement savings plan, paid holidays and paid time off (PTO).
#J-18808-Ljbffr