Assistant Director - Hamilton, United Kingdom - Bermuda Monetary Authority

Bermuda Monetary Authority

Verified Company

Hamilton, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Description:

Assistant Director

Supervision (Insurance) Department

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

Assisting with the configuration of the Authority's ESG strategy
Leading a small ESG team and acting as a centre of competence for ESG providing specialised knowledge in areas relevant to the financial sector, e.g. ESG risk landscape, climate risk disclosure, climate scenario/stress testing for the financial industry, quantitative and qualitative climate risk assessment, link to innovation in the areas such as green investment/underwriting
Developing policy recommendations and guidelines for the integration of relevant risks, such as climate risk, in regulation and supervisory framework, contributing to surveys and publications on the topic
Leading the Authority's ESG working group and ensuring effective knowledge sharing in the Authority
Carrying out engagement and advocacy work across the financial sector in Bermuda, leading the preparation of thought leadership papers
Leading the enhancements to the Group Supervisory framework and practices, including an effective groupwide supervision of Internationally Active Insurance Groups (IAIGs)
Developing a 'best practice' approach to Supervisory Colleges and other forms of supervisory coordination arrangements
Collaborating with International Affairs team on matters related to Group Supervision/supervisory colleges, including escalation of issues (and proposed solution thereof) arising from college meetings
Monitoring of international developments related to Group Supervision and where applicable, proposing solutions to ensure the Authority frameworks continue to be credible and reflect international developments in this area
Preparing positions and respresenting the Authority in international insurance regulatory associations, e.g. IAIS and Sustainable Insurance Forum; liaising with foreign insurance regulators with respect to international advocacy; and promoting an understanding of the Authority's insurance regulatory framework
Supporting the Authority's thought leadership efforts on group supervision matters

The position requires a proven technical and business background.

Therefore, the post-holder must have:

A Master's degree or equivalent qualification in a relevant related discipline (e.g. finance, economics, environmental management or business administration) from a recognised university. In addition, a professional designation(s) in a financerelated field would be preferred
Minimum of ten (10) years' graduate experience, of which at least five (5) years should be at a senior level in the financial services business and/or working experience with a financial regulatory body
Direct and indepth knowledge of Group supervision, climate change and ESG for the insurance sector; and proven experience in relevant areas such as climate risk management and governance, disclosure regimes, international policy developments, e.g. IAIS, and regulatory frameworks.
Highly developed leadership and project management skills with experience building highperformance cultures and leading collaborative teams to produce desired outcomes
Exceptional analytical, presentation and communication skills (written and oral)

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.

30 May 2023.