Deputy Director

Deadline: 2 days

Permanent

Full-time

The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Deputy Director in our Supervision (Insurance) Department. Reporting to the Deputy Managing Director, the Deputy Director will be responsible for directing and managing supervisory teams/individuals to meet the goals and objectives of the group supervision section. The incumbent will lead the Analytics and Infrastructure Team responsible for developing and implementing tools, capabilities and technology to support the supervisory activities of the Insurance Supervision Department. The incumbent will provide advice, guidance and direction on all relevant matters pertaining to the Bermuda Monetary Authority's (Authority or BMA) framework for insurance supervision and analytics and make strategic recommendations to the Deputy Managing Director. This is a key role for the Authority and the post-holder will be responsible for but not limited to: Directing a group-level Supervision Team that undertakes risk-based supervision for all licensed or regulated entities in the insurance sector by implementing a forward-looking, risk-based framework involving the analysis of financial and other information obtained in the normal course of supervision Leading and collaborating with members of the senior management team to implement and enhance the insurer's application of the eligible capital framework and other capital management initiatives Managing a team involved in the off-site analysis of financial and other performance data, prudential and other meetings with senior management of licensed firms and on-site compliance reviews of aspects of a firm's business across many jurisdictions Leading the development and implementation of supervision and analytics initiatives, including reviewing the current supervisory and analytics processes to identify areas for improvement and greater efficiencies, researching and developing best practices and ensuring the Analytics and Infrastructure Team effectively engage in the research and development of advanced analytics to cascade through the department's supervisory teams Liaising between the Supervision (Insurance) and Policy Development Departments to facilitate the implementation of legislative changes Leading process enhancement/development work streams, including the digital applications implementation. Contributing to the development and implementation of the BMA'S strategy and policy and, in conjunction with other members of the senior management team, ensuring that the business is managed in accordance with the declared vision, values, goals and priorities of the BMA Supporting the formulation and implementation of the Supervision (Insurance) Department's strategic initiatives Assisting with the development of timely budgets for the effective management of the department, ensuring that controls are in place to monitor the operations and provide accountability for expenses in keeping with the goals and objectives of the BMA Directing the preparation of report findings in the area(s) reviewed to convey information to the senior management concerning the safety, soundness and compliance with the laws and regulations pertaining to licensed entities In conjunction with executive management, reviewing and evaluating situations where projects or time-critical tasks may be achieved through outsourcing; oversee/monitor all such approved activities involving consultants, ensuring desired results are achieved within budget Leading and managing senior-level staff in addition to providing support for technical and administrative issues that focus on the achievement of departmental goals Monitoring performance of individual team members and providing routine mentoring and feedback, as well as preparing formal performance appraisal reports as prescribed by the performance management process Identifying training needs of employees and agreeing'establishing programmes for their development through formal training courses, special projects or on-the-job exposure 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, have personal interactions and are required to manage, develop and maintain key relationships with other regulatory bodies, governmental agencies, and the financial services industry 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.

Requirements

This position requires the following skills, abilities and interests: A master's degree or equivalent qualification in insurance, finance or accounting from a recognised institution or professional body Minimum of twelve (12) years of relevant post-graduate experience, of which at least five (5) years must be at a senior level managing and developing teams and building high-performance cultures within the financial services business (specifically the insurance industry) and/ or working experience with a financial regulatory body Familiarity with international insurance regulatory standards and the Bermuda insurance primary and secondary legislation would be a decided advantage The post holder should also have an excellent understanding of a wide range of technologies Exceptional analytical, presentation and communication skills (written and oral) and highly developed team leadership and mentoring skills Experience as a thought leader as demonstrated through associations, committees, etc. The ability to interface with the financial services industry, government and various international regulatory bodies

Salary

Not specified

Benefits

Not specified

Contact InfoBermuda Monetary Authority

BMA House | 43 Victoria Street, Hamilton HM 12

careers@bma.bm

(441) 295 5278

Application Deadline

Dec 1, 2025

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