At a Glance
- Tasks: Supervise long-term insurers and engage in regulatory functions at a senior level.
- Company: Bermuda Monetary Authority, the key regulator of Bermuda’s financial services sector.
- Benefits: Gain exposure to international regulatory issues and diverse work experiences.
- Other info: Challenging role with opportunities for professional growth and development.
- Why this job: Join a dynamic team and make a real impact in the financial services industry.
- Qualifications: Master’s degree in actuarial science or related field; 10 years of insurance experience required.
The predicted salary is between 80000 - 100000 £ per year.
The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a qualified and experienced individual to perform the duties and responsibilities of Assistant Director - Long-Term and Financial Risk within our Supervision (Actuarial Services) Department. Reporting to the Deputy Director - Long-Term and Financial Risk, the postholder will be responsible for the Authority’s supervision of regulated long-term insurers at a senior level, delivering a broad range of actuarial, analytical and regulatory functions that span technical assessment, on-site supervision, licensing support and stakeholder engagement at local and international levels.
Responsibilities
- Supporting the Authority’s supervision of regulated long-term insurers, focusing on underwriting, reserving, risk aggregating processes and assessment of capital requirements.
- Supporting the Actuarial Services Department in the assessment and approval of internal capital model applications used for regulatory capital purposes.
- Supporting the Department in the development and application of statistical and financial analytics.
- Developing industry benchmarks for methodologies and assumptions used to research and develop best practices for regulatory analytics.
- Assisting with the ongoing development of the Bermuda supervisory regime, including matters relating to the Economic Balance Sheet and capital requirements.
- Supporting the Department with on-site inspections, particularly as it relates to establishing the appropriateness of insurer reserving practices and compliance with applicable legislation, codes and guidance.
- Supporting the Licensing and Authorisations Team in relation to insurer applications and authorisation requests.
- Representing the Authority at various local and international meetings, conferences and seminars involving meetings and information exchanges with regulatory bodies, government agencies and the financial services industry to maintain and develop key relationships whilst keeping abreast of industry trends.
- Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post.
Qualifications
- A master’s degree or equivalent qualification in actuarial science, mathematics, statistics, finance or a related quantitative field. FSA, FIA, FCIA, or similar professional credentials are preferred.
- A minimum of ten (10) years of relevant long-term insurance experience, of which at least five (5) years should be at a senior level in the financial services industry.
- Knowledge of and experience with insurance and reinsurance actuarial issues, including pricing, reserving, capital modelling, financial reporting and risk management, pertaining to long-term business.
- Excellent written, presentation and interpersonal skills with proven ability to communicate effectively with senior executives.
The Bermuda Monetary Authority is the integrated regulator of Bermuda’s financial services sector. We offer the opportunity for broad exposure to international regulatory issues, special projects and a variety of work experiences. If you are looking for a challenging opportunity in a team environment, we invite you to submit your application via our ‘Careers at BMA’ page at www.bma.bm/vacancies. Applications for this position must be received no later than 09 June 2026.
Equal Opportunity Statement
Bermuda Monetary Authority is an Equal Opportunity Employer.
BMA House | 43 Victoria Street, Hamilton HM 12 | careers@bma.bm | (441) 295 5278
Assistant Director - Long-Term and Financial Risk, Supervision (Actuarial Services) in Bothwell employer: Bermuda Monetary Authority
The Bermuda Monetary Authority (BMA) is an exceptional employer, offering a dynamic work environment that fosters professional growth and collaboration within the financial services sector. With a commitment to excellence, employees benefit from exposure to international regulatory issues, opportunities for special projects, and a supportive team culture that values individual contributions. Located in the vibrant city of Hamilton, BMA provides a unique chance to engage with key stakeholders while shaping the future of long-term insurance regulation.
Contact Details:
Bermuda Monetary Authority Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Director - Long-Term and Financial Risk, Supervision (Actuarial Services) in Bothwell
✨Network Like a Pro
Get out there and connect with people in the industry! Attend conferences, seminars, or local meet-ups related to actuarial services. Building relationships can open doors that a CV just can't.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with underwriting, reserving, and risk management. Use real examples to demonstrate how you've tackled challenges in these areas.
✨Be Prepared for Interviews
Research the Bermuda Monetary Authority and its role in the financial services sector. Be ready to discuss how your background aligns with their mission and how you can contribute to their supervisory efforts.
✨Apply Through Our Website
Don't forget to submit your application via our 'Careers at BMA' page! It's the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining our team.
We think you need these skills to ace Assistant Director - Long-Term and Financial Risk, Supervision (Actuarial Services) in Bothwell
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Director role. Highlight your experience in long-term insurance and actuarial services, focusing on relevant skills like risk management and capital modelling. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your expertise can benefit the Bermuda Monetary Authority. Keep it engaging and professional – we love a good story!
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you’ve made an impact in previous roles, especially in areas like underwriting and regulatory compliance. We’re keen to see what you can bring to our team!
Apply Through Our Website:Remember to submit your application through our ‘Careers at BMA’ page. It’s the best way to ensure your application gets to us directly. Plus, it shows you’re serious about joining our team at the Bermuda Monetary Authority!
How to prepare for a job interview at Bermuda Monetary Authority
✨Know Your Actuarial Stuff
Make sure you brush up on your actuarial knowledge, especially around long-term insurance. Be ready to discuss underwriting, reserving, and capital requirements in detail. This shows you’re not just familiar with the concepts but can also apply them practically.
✨Showcase Your Experience
Prepare to highlight your ten years of relevant experience, particularly those five years at a senior level. Use specific examples from your past roles to demonstrate how you've tackled similar challenges and contributed to regulatory functions.
✨Engage with Stakeholders
Since the role involves stakeholder engagement, think about how you’ve successfully built relationships in previous positions. Be ready to share stories about your interactions with regulatory bodies or industry professionals, showcasing your communication skills.
✨Stay Current with Industry Trends
Research recent developments in the insurance and reinsurance sectors. Being able to discuss current trends and how they impact regulatory practices will show that you’re proactive and genuinely interested in the field.
