Risk Manager Bermuda

The Risk Management function is critical to Enstar. The function’s deliverables include quarterly risk reports, annual regulatory risk reports such as the Group Solvency Assessments (GSSAs), Commercial Insurer's Solvency Self-Assessment (CISSAs) and Own Risk and Solvency Assessments (ORSAs) as well as other ad-hoc regulatory risk reporting. The Risk Function operates under the Enstar ERM Framework, which identifies key risks to the business. The purpose of this role is to support the execution of the Enstar ERM Framework within the Non-Life Run Off (“NLRO”) entities, ensuring effective processes are in place to meet the requirements of the Board(s) and regulators. Specifically, this will entail the generation of accurate and timely risk reporting at Risk Committees and Boards as well as ad-hoc support for projects.

What you will be doing:

• Support the maintenance of an appropriate infrastructure of risk management processes for managing and monitoring risk across all relevant entities.
• Support the maintenance and reporting on the risk appetite framework, ensuring the accuracy and appropriateness of information that is to be presented to senior management.
• Assist in the preparation of quarterly and annual risk reports.
• Generate concise yet comprehensive summaries of key risk-related information to senior management (e.g., risk and control assessments, incidents, risk metrics).
• Provide the initial challenge of both the completeness and accuracy of material provided through the interpretation of the analysis/reporting materials provided, undertake trend analysis/interpretation of risk metrics within the wider Risk Appetite Framework incorporating other company specific or industry intelligence as appropriate.
• Support compliance with risk management regulatory requirements, and other risk management matters across the various jurisdictions in which we operate.
• Liaise, support, and report to wider Enstar Risk Management to ensure continued alignment with Group-wide ERM framework and objectives and ensure that up to date risk management information related to the entities is available to inform the Solvency Self-Assessment Process.
• Support in the oversight and challenge of an entities’ systems, processes and controls in respect of risk management.
• Contribute to risk management projects/deep dives as directed by the Regional CRO and provide risk management input on other first-line led projects as appropriate.
• Support a culture of risk awareness within Enstar.
• Undertake other duties from time to time as may be reasonably required by Enstar.

What you will bring:

• At a minimum 4 years of insurance industry experience ideally within a risk management role.
• Experience in interacting with various levels of management.
• Experience in contributing to the preparation of materials for reporting to Management, Committees and Boards.
• Experience of working in a large, complex organisation with a multidisciplinary, multi-regional team.
• The ability to work independently within a multidisciplinary, multi-regional team and collate materials from various contributors across the business.
• Project management skills to both coordinate and balance multiple reporting deadlines.
• Personable, confident nature and experience in working in a user-facing environment including presenting.
• Ability to identify key risk drivers and escalate to other team members as appropriate.
• Confidence to both identify and suggest opportunities to improve existing reporting processes as they arise and provide challenge as appropriate to other team members.
• Proactive in developing and maintaining positive working relationships with cross-functional team members at all levels.
• Excellent verbal and written communication and presentation skills including the ability to distil key risk information into concise and easy to understand reports.
• Excellent quantitative and analytical skills.
• Ability to listen and ask probing questions, be flexible yet decisive and to work effectively in a collaborative environment.
• Strong organisational skills, comfortable working under pressure and to tight deadlines.
• Insurance and/or risk management professional qualification is preferred, but not essential.
• A good understanding of insurance terminology and the risks to which such companies are exposed.
• Good understanding and practical experience of Risk Management / ERM within the Insurance Industry.
• An understanding of issues affecting the legacy insurance market and managing legacy business would be advantageous.
• Awareness of risk management regulatory requirements with a focus in Bermuda and US jurisdictions and of risk management related legislation/policies/procedures/key standards of compliance and governance.
• Broad understanding of any technology/systems specific to the role.
• High level of proficiency in Microsoft suite of products including ability to build effective spreadsheets (Excel) and generate high quality PowerPoint presentations.