Principal Supervision (insurance) Department

Deadline: 6 days

Job Type: Permanent

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 Undertaking projects relating to the Department's supervisory and regulatory responsibilities, as requested 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 Monitoring identified companies with compliance issues by review, memoranda and timely direct follow-up with company representatives Reviewing applications in accordance with existing legislation and departmental procedures 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 when required Providing senior-level subject matter expertise and advice as required Providing managerial direction, leadership and supervision to the assigned Senior Analysts in addition to providing support for technical and administrative issues, which lead to the achievement of Departmental goals 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

Requirements

A master's degree or equivalent qualification in an insurance, 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 insurance, general insurance or as a financial services regulator Experience conducting or participating in forensic investigations or inspections would be beneficial

Salary

Not specified

Benefits

Not specified

How to Apply

submit your application online via www.bma.bm/vacancies

Contact InfoBermuda Monetary Authority

BMA House | 43 Victoria Street, Hamilton HM 12

careers@bma.bm

(441) 295 5278

Application Deadline

Sep 14, 2025

Jobs With This Employer

Assistant Director - Policy Projects Supervision

Deputy Director Supervision (insurance) Department

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Principal Supervision (insurance) Department

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How to Apply

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