HR308: Principal, Insurance Supervision | Bermuda

Hamilton Recruitment

  • Hamilton, ON
  • Permanent
  • Temps-plein
  • Il y a 7 heures
PRINCIPAL – INSURANCE SUPERVISION – BERMUDA – ONLY 10% TAX – HR308About this opportunityOur client is seeking the services of a skilled and capable individual to work as a Principal in the Supervision Department. Reporting to senior management, the Principal will lead a team responsible for oversight activities, including monitoring firms' performance, reviewing reporting obligations, and undertaking appropriate supervisory actions in line with legislation and strategic business goals.This is a key role for the organization, and the post-holder will be responsible for:
  • Undertaking on-site reviews and analysis of selected businesses and their capital models using risk assessment methodologies to evaluate compliance with laws, regulations, policies, plans, and procedures, identifying risk issues, and preparing reports for management discussion
  • Developing agendas and schedules, attending prudential meetings with financial entities to discuss findings, recording discussions/decisions, and developing corrective action plans as needed
  • Undertaking projects relating to the department's oversight responsibilities as requested
  • Monitoring the financial market, with focus on insurance industry developments (local and international), regulatory bodies/regimes, accounting standards, and insurance company information via key indicators, media, and relevant sources
  • Monitoring companies with compliance issues through reviews, memoranda, and direct follow-up with representatives
  • Reviewing applications in line with legislation and departmental procedures
  • Reviewing documents, reports, and recommendations from staff on regulatory or operational matters and deciding the appropriate course of action
  • Participating in local and international meetings, conferences, and seminars with regulatory bodies, government 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 Senior Analysts, supporting technical and administrative issues, and driving departmental goals
  • Monitoring team performance, providing mentoring and feedback, and preparing formal performance appraisals as per the management process
  • Identifying training needs of direct reports in line with competencies and development programs, supporting growth through training, projects, and on-the-job exposure
  • Performing other related work and special projects assigned by management in line with post competencies
What you'll need
  • A master's degree or equivalent qualification in insurance, finance, or accounting from a recognised institution or professional body
  • At least seven (7) years of relevant experience, including a minimum of three (3) years at a senior level within a regulated financial services business, preferably in insurance, general insurance, or financial services regulation
  • Experience in conducting or participating in forensic investigations or inspections (an asset)
How to apply
  • To apply, attach your résumé or include a link to your LinkedIn profile
  • If you don't provide one of the above, we can't progress your application
For reasons of confidentiality and to ensure best match for positions, our normal practice is to submit applications to employers only after we have had a Career Consultation with candidates. In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities.Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, we'll help make it happen.

Hamilton Recruitment