At a Glance
- Tasks: Lead teams in supervising insurance entities and managing regulatory processes.
- Company: Join the Bermuda Monetary Authority, a leader in financial regulation.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Dynamic role with opportunities for growth and networking in the industry.
- Why this job: Make a real impact in the financial services sector while developing your leadership skills.
- Qualifications: Master’s degree in finance or related field and 10 years of experience required.
The predicted salary is between 80000 - 100000 £ per year.
The Bermuda Monetary Authority (Authority or BMA) is seeking a skilled and capable individual to work as an Assistant Director in our Supervision (Insurance, Funds and Corporate Authorisations) Department. Reporting to a Deputy Director, the Assistant Director will be responsible for directing and managing teams and individuals to meet the objectives and goals of the Insurance Department through effective plans and schedules that support the strategic plan and overall objectives of the BMA. Additionally, the Assistant Director will be accountable for demonstrating effective leadership qualities and communication/relationship skills, which provide the basis for quality service and performance of duties.
Key Responsibilities
- Preparing and/or reviewing risk assessments and evaluations/reports containing the results of on‑site and other assessments.
- Conducting meetings with company officials to obtain information concerning the licensure and supervision of all insurance entities, and/or discussing specific details of any regulatory requests made.
- Providing Senior Management support to the Authorisations and Licensing Committee in its review and consideration of all applications for registration under the Insurance Act 1978.
- Reviewing and evaluating situations where projects or time‑critical tasks may be achieved through outsourcing, in addition to overseeing/monitoring all such approved activities involving consultants, ensuring desired results are achieved within budget.
- Participating in the drafting of internal policies, procedures and guidance notes as needed.
- Developing annual budgets for the effective management of the Department, ensuring controls are in place to monitor department operations and providing accountability for funds distributed in keeping with the goals/objectives of the BMA.
- 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.
- Managing, developing and maintaining key relationships with other regulatory bodies, government agencies and the financial services industry whilst keeping abreast of industry trends.
- Managing a team of professionals undertaking risk‑based supervision of all licensed or regulated entities in the insurance sector by providing a risk‑based framework involving the analysis of financial and other information obtained in the normal course of supervision.
- Providing management leadership and supervision to assigned teams and individuals with respect to providing professional advice, encouragement and guidance in conducting their assignments and achieving both departmental objectives and personal goals.
- Identifying the training needs of employees and, in conjunction with learning and development, establishing programmes for their development by way of formal training courses, special projects or on‑the‑job exposure.
- Overseeing the performance of individual team members, providing direction, mentoring and feedback. Conducting formal performance appraisal discussions as prescribed by the performance management process.
- Performing other related work and special projects as assigned by the Deputy Director, Director or Deputy Managing Director in accordance with competencies normally associated with the post.
Qualifications
- A master’s degree or equivalent designation in insurance, finance or accounting from a recognised institution or professional body (e.g. CPA, CA, CPCU, CFA, etc.).
- A minimum of ten (10) years of experience, of which at least five (5) years should be at a senior level in the financial services business and/or working experience with a financial regulatory body.
Equal Opportunity Employer
Bermuda Monetary Authority is an Equal Opportunity Employer.
Contact BMA House | 43 Victoria Street, Hamilton HM 12 | careers@bma.bm | (441) 295 5278
Values
Professionalism, Integrity, Accountability, Adaptability, Collaboration
Assistant Director, Supervision (Insurance, Funds and Corporate Authorisations) in Bothwell employer: Bermuda Monetary Authority
The Bermuda Monetary Authority (BMA) is an exceptional employer, offering a dynamic work environment in the heart of Hamilton, Bermuda. With a strong commitment to professional development, employees benefit from tailored training programmes and opportunities for career advancement within a culture that values integrity, collaboration, and accountability. The BMA not only provides competitive remuneration but also fosters a supportive atmosphere where innovative ideas are encouraged, making it an ideal place for those seeking meaningful and rewarding employment in the financial regulatory sector.
Contact Details:
Bermuda Monetary Authority Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Director, Supervision (Insurance, Funds and Corporate Authorisations) in Bothwell
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend relevant events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand their mission and how your skills align with their goals. This will help you stand out and show that you're genuinely interested in the role.
✨Tip Number 3
Practice your interview skills with a friend or mentor. Get comfortable answering common questions and discussing your experience. The more you practice, the more confident you'll feel when it’s time to shine!
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it shows you’re keen on joining our team!
We think you need these skills to ace Assistant Director, Supervision (Insurance, Funds and Corporate Authorisations) in Bothwell
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your relevant experience in insurance, finance, or regulatory roles. We want to see how your skills align with the Assistant Director position, so don’t hold back on showcasing your achievements!
Showcase Leadership Skills:Since this role involves managing teams and providing guidance, it’s essential to demonstrate your leadership qualities. Share examples of how you've led projects or mentored colleagues in your previous roles. We love seeing candidates who can inspire and motivate others!
Be Clear and Concise:When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's industry-specific. We appreciate well-structured applications that are easy to read and understand, so make every word count!
Apply Through Our Website:We encourage you to submit your application through our website for a smoother process. It helps us keep track of all applications and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be good to go!
How to prepare for a job interview at Bermuda Monetary Authority
✨Know Your Stuff
Make sure you brush up on the key responsibilities outlined in the job description. Understand the nuances of risk assessments, regulatory requests, and the insurance sector. Being able to discuss these topics confidently will show that you're not just interested but also knowledgeable.
✨Showcase Leadership Skills
As an Assistant Director, you'll need to demonstrate effective leadership qualities. Prepare examples from your past experiences where you've successfully managed teams or projects. Highlight how you provided guidance and support to your team members, as this will resonate well with the interviewers.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, such as managing tight deadlines or overseeing outsourced projects. Think through potential scenarios in advance and be ready to articulate your thought process and decision-making skills clearly.
✨Build Relationships
Since the role involves managing relationships with various stakeholders, be prepared to discuss how you've built and maintained professional relationships in the past. Share examples of how you’ve collaborated with regulatory bodies or other agencies, as this will highlight your interpersonal skills.
