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Head of Risk

  • Type: Direct Hire
  • Job #336

Our client is a specialist solutions provider for European life insurers, and encompasses a number of subsidiaries in Bermuda and across Europe. Reporting directly to the CEO, with a dotted line to the Group Head of Risk. The role will work collaboratively with the European risk and actuarial teams.

Key Job Responsibilities

· Work collaboratively with specialist risk areas across the Group to develop the company’s risk management system to meet Group standards and BMA regulatory requirements

· Bring thought-leadership in the development and implementation of risk policies, including defining appropriate limits and thresholds, and developing suitable monitoring metrics

· Lead the review of new reinsurance transactions as part of the transaction approval process, and present findings and recommendations to the Risk Committee and Board

· Develop processes, system solutions, and resource requirements to create efficient risk monitoring processes, including the onboarding of new risks acquired through reinsurance

· Own the production and delivery of the annual Commercial Insurers’ Solvency Self Assessment (“CISSA”) for submission to the BMA

· Provide direction and management of the delivery of services by the Group Risk Shared Services to

the life entity

· Create and embed ERM at the company, and promote a strong risk management culture throughout the business

· Develop governance around risk management processes and chair the Risk Committee

Desired Experience and skills

· Qualified actuary or insurance risk professional with life (re)insurance experience (minimum 6 years of experience), preferably within a risk function or similar

· Familiarity of asset intensive life insurance business and associated risks including asset risks, ALM risk, liquidity risk, operational risk, and insurance risks

· Experience of developing and delivering risk monitoring processes within a robust control framework

· Ability to review and challenge risk models covering asset risks, ALM risk and liquidity risk

Interested candidates should send their C.V. accompanied with a covering letter to James Fitzsimons at james@elevateselection.ie

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