Chief Risk and Compliance Officer (CRO) – Cayman Office

Our client provides reinsurance of asset intensive policies such as annuities, issued in the United States and Asia, and has a strong commitment to underwriting discipline and financial strength.

Reporting to the Chief Executive Officer (and direct reporting access to the Company’s Board of Directors), the CRO is a strategic leader and a key member of the leadership team. The CRO will have responsibility for a broad range of tasks including the Company’s risk management framework and compliance. In addition, the role will support risk reviews of new reinsurance transactions and other strategic projects. The ideal candidate will be a strategic leader with a solid balance between industry/regulatory knowledge and technical proficiency with the ability to drive change and produce results.

This position will be based in the Cayman Islands.

Key Responsibilities:

• Develop and implement the Company’s enterprise risk management framework
• Serve as the Compliance Officer responsible for managing and monitoring compliance with the Company’s agreements, policies, and laws and regulations of Cayman Islands and other applicable jurisdictions
• Develop, maintain, and support risk dashboard, risk register, stress/scenario testing, Own Risk Solvency Assessment, model validation, and compliance calendar
• Identify, measure, monitor, and support mitigation of new and emerging risks
• Collaborate with other members of the management team to ensure effective operation of the risk and controls environment to manage and mitigate risk within the Company’s risk appetite
• Provide independent assurance and test effectiveness and sustainability of risk management, controls, compliance, and governance processes
• Periodic risk management presentations to the Company’s management and Board of Directors
• Provide risk support to Actuarial, Finance, and other teams as required

Minimum Requirements, Skills & Experience:

• Bachelor’s degree in risk management or quantitative studies such as mathematics, statistics, actuarial science, etc.
• Fellow/Associate of the Society of Actuaries, Institute of Actuaries, or equivalent designation preferred
• 10 years relevant risk management and compliance experience, including exposure to (re)insurance pricing, valuation, capital management, and compliance
• Knowledge of financial reporting, accounting, and solvency regimes, including US GAAP, US Statutory, and US tax preferred
• Experience with actuarial valuation software such as MG-ALFA or AXIS a plus
• Strong hands-on analytical, quantitative, and problem-solving skills
• Demonstrated verbal and written communication skills, with the ability to interact with and present successfully to senior management, Board of Directors, and other stakeholders
• Flexibility to adapt work hours as necessary to meet business needs

Compensation:

• Competitive salary, bonus, and benefits package commensurate with experience

To apply
Alistair McNeish
Managing Director, PwC Advisory
bm_execsearch@pwc.com