Head of Risk & Compliance

Our client is a licensed Class 3B reinsurer based in Bermuda that reinsures U.S property and casualty exposures, established in 2014 and led by a management team with extensive experience in the reinsurance sector.

Due to continued, profitable business growth, the company is looking to recruit a Head of Risk & Compliance, who will report directly to the Chief Financial Officer. Core responsibilities in the new role will include the following:

• Supporting the continued advancement and embedding of the company’s enterprise risk management framework, including the design and implementation of risk management practices and tools.
•  Supporting the identification of key risk areas within the organisation, creating and monitoring key risk and control parameters, as well as identifying capabilities, gaps and needs 
• Ownership, preparation and delivery of risk reporting to the company's Committees and the Board, to inform decision-making processes. Including the continued monitoring and assessment of strategic initiatives and operational processes adhere to and remain consistent with the Board’s approved risk appetite and risk profile.
• Responsible for the coordination of the Quarterly Risk and Compliance Committee meetings and packs.
• Contributing to the maintenance of an effective governance and infrastructure for the reporting and management of risk incidents.
• Ongoing monitoring of the regulatory environment in which the company operates, assessing the impact of any changes and determining the appropriate response. 

 Required skills and competencies

• A bachelor’s degree or an equivalent earned in Risk Management, Business, Accounting, Insurance or Law is expected; an advanced degree is preferred. 
• At least five years experience in a similar role.
• Strong understanding of insurance captives, including structures, operations, governance framework and compliance and regulatory reporting requirements for a Class 3B/4 entity
• Hands on experience of the insurance regulatory regime in Bermuda is required including the BSCR, CISSA, and Bermuda Insurance Code of Conduct for a Class 3B/4 entity.
• Experience in designing, implementing and evaluating internal controls.
• Knowledge of information security risks. 
• Team player with good organisation and planning skills.
• Ability to communicate clearly and effectively to senior management.
• Strong IT skills - proficient in the use of the Microsoft suite of products.

This is an exciting time to join an ambitious and innovative reinsurer and to play an integral strategic and operational role in its future growth.

For further information on this job contact us at bm_execsearch@pwc.com