At a Glance
- Tasks: Shape the future of insurance regulation and sustainability in Bermuda.
- Company: Join the Bermuda Monetary Authority, a leader in financial regulation.
- Benefits: Competitive salary, professional development, and a chance to make an impact.
- Other info: Collaborative environment with opportunities for growth and influence.
- Why this job: Be at the forefront of climate change initiatives and international regulatory standards.
- Qualifications: Master's degree and 7 years' experience in insurance or finance required.
The predicted salary is between 60000 - 80000 € per year.
The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as a Senior Officer as part of our International Affairs Team in our Supervision (Insurance, Funds and Corporate Authorisations) Department. The post holder will help shape the future of this area and broader regulatory matters in Bermuda. Reporting to the Assistant Director, the Senior Officer will be responsible for coordinating and providing insights into regulatory and international organisational matters, including international standard‑setting bodies, that relate to and impact the Bermuda (re)insurance market.
This will include providing advice, guidance, and recommendations on the Authority’s international engagement and advocacy work, climate change and sustainability standards, and developments. They will also be responsible for contributing to the development and implementation of the Authority’s plans to integrate sustainability and climate change risk in regulation and supervisory practices. The role will involve a high degree of collaboration with colleagues across the Insurance Department and the BMA.
Key Responsibilities- Acting as a first point of contact for international affairs and sustainability research and recommendations, and any other tasks that may be required by the Insurance International Affairs, as well as Environmental Social Governance (ESG) and Climate Risk Team.
- Providing technical expertise and gathering research as required on global practices relating to climate change and sustainability risk management, and evolving standards in the regulatory community, with an ability to propose solutions fit for the Bermuda market.
- Driving the drafting of policy recommendations, guidelines and reports for the insurance industry specific to climate change risk, sustainable finance and disclosures, and ‘green’ regulation and integration of relevant risk in the regulation and supervisory framework.
- Coordinating, assessing and designing industry surveys, exercises and consultations, where required, overseeing industry engagement, while making recommendations.
- Conducting ESG supervisory reviews of filings and with registrants, and where necessary, giving feedback and guidance to ensure adherence with policies and procedures.
- Leading internal knowledge sharing initiatives within the Insurance Supervision Team.
- Providing support to senior leadership on the topic of sustainability and climate change, and any other working group/workstream as required.
- Assisting in identifying key regulatory issues across jurisdictions, providing insights and research on potential impacts to Bermuda, and recommending policy direction.
- Supporting and coordinating the BMA’s engagement at the International Association of Insurance Supervisors (IAIS) and other international affairs in close collaboration with other BMA representatives and stakeholders.
- Providing policy and analytical support as directed for BMA’s effective participation at the IAIS and other international meetings, including the development of briefing notes for senior leadership.
- Coordinating meeting logistics with international organisations and standard setters (such as IAIS) and other international regulators and stakeholders, including monitoring and ensuring timely organisation and meeting of deadlines, where applicable.
- Producing comprehensive reports on these meetings and providing insights to support the BMA’s ongoing regulatory activities and strategy.
- Performing other related work and special projects as assigned by the Assistant Director, working closely with the Regulatory Affairs Team, and other Senior Executives in accordance with competencies normally associated with the post.
- A master’s degree or equivalent qualification in a relevant related discipline (e.g., economics, sustainability/climate change, risk management, political science, law or business administration) from a recognised institution or professional body.
- A minimum of seven (7) years’ relevant experience, preferably within the insurance industry or financial regulator or an international institution, of which at least three (3) years should be at a senior level.
- Direct and in‑depth knowledge of environmental issues, climate change risk and management, responsible investment and cross‑border regulation, disclosure regimes, international policy developments, standards and regulatory frameworks; and how they relate to material business risks and opportunities.
- Familiarity with different insurance regulatory frameworks across jurisdictions.
- Robust influencing and engagement ability; adept at building relationships and credibility.
- Ability to provide expertise and work competently across a wide range of areas with technical staff, senior management and external stakeholders.
- Strong written and oral communication and presentation skills.
Bermuda Monetary Authority is an Equal Opportunity Employer.
Senior Officer, Supervision (Insurance, Funds and Corporate Authorisations) Department employer: Bermuda Monetary Authority
The Bermuda Monetary Authority (BMA) is an exceptional employer that fosters a collaborative and innovative work culture, particularly within the International Affairs Team. Employees benefit from meaningful engagement in shaping regulatory practices related to sustainability and climate change, alongside opportunities for professional growth through involvement in international standard-setting bodies. Located in Bermuda, the BMA offers a unique environment where staff can contribute to impactful regulatory developments while enjoying a supportive atmosphere that values diversity and inclusion.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Officer, Supervision (Insurance, Funds and Corporate Authorisations) Department
✨Tip Number 1
Network like a pro! Reach out to professionals in the insurance and regulatory fields, especially those connected to the Bermuda Monetary Authority. Attend industry events or webinars to make connections and learn more about the role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of climate change and sustainability standards. Be ready to discuss how your experience aligns with the BMA's goals and how you can contribute to their international engagement efforts.
✨Tip Number 3
Showcase your expertise! Bring examples of your previous work related to regulatory frameworks and climate risk management to the table. This will demonstrate your capability and readiness for the Senior Officer role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the BMA team and contributing to their mission.
We think you need these skills to ace Senior Officer, Supervision (Insurance, Funds and Corporate Authorisations) Department
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in insurance, sustainability, and regulatory matters. We want to see how your skills align with the role of Senior Officer in our Supervision Department.
Showcase Your Expertise:Don’t hold back on showcasing your knowledge of climate change risk and management. We’re looking for someone who can provide insights and recommendations, so make sure to include relevant examples from your past work.
Be Clear and Concise:When writing your application, keep it clear and to the point. Use straightforward language to convey your ideas effectively. We appreciate well-structured applications that are easy to read!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us without any hiccups. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at Bermuda Monetary Authority
✨Know Your Stuff
Make sure you brush up on the latest trends in climate change and sustainability, especially as they relate to the insurance sector. Familiarise yourself with international standards and regulatory frameworks that impact Bermuda's market. This will show your potential employer that you're not just knowledgeable but also genuinely interested in the role.
✨Showcase Your Experience
Prepare to discuss your previous roles and how they relate to the responsibilities of a Senior Officer. Highlight specific projects where you've successfully navigated regulatory challenges or contributed to sustainability initiatives. Use concrete examples to demonstrate your expertise and how it aligns with the BMA's goals.
✨Engage with the Team
Since this role involves a lot of collaboration, be ready to talk about your teamwork skills. Think of instances where you've worked closely with colleagues or stakeholders to achieve a common goal. Emphasising your ability to build relationships will resonate well with the interviewers.
✨Ask Insightful Questions
Prepare thoughtful questions that reflect your understanding of the BMA's mission and the challenges they face in the insurance sector. Inquire about their current initiatives in sustainability and how they envision the future of regulatory practices. This shows that you're proactive and genuinely interested in contributing to their success.
