Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead risk capital modelling and enhance regulatory compliance across global teams.
- Company: Join Everest Global Services, a leader in risk management.
- Benefits: Competitive salary, health insurance, retirement plans, and generous PTO.
- Other info: Collaborative culture with opportunities for professional growth and development.
- Why this job: Make a significant impact on risk strategies in a dynamic, global environment.
- Qualifications: Near-qualified actuary with 10+ years in P&C (re)insurance and Bermuda regulations.
The predicted salary is between 116000 - 150000 £ per year.
The Enterprise Risk Management team needs a Risk Capital Modelling Director experienced with Bermuda Regulation. The role supports analytics across the Group, US and Bermuda entities and collaborates with stakeholders across the organization.
Responsibilities
- Conduct reviews of BSCR calculations for Group and US entities to support effective challenge of the first line.
- Maintain and enhance BSCR calculation tools (Excel, actuarial software, internal models) for accuracy and efficiency.
- Implement BMA rules and guidance into processes and modelling solutions.
- Analyse changes in regulatory capital and BSCR ratio over time, considering underwriting, reserving, market, credit and operational risks.
- Deliver comprehensive analysis and insights on capital adequacy to inform business planning, determine risk appetite, and facilitate strategic decision-making.
- Conduct or support capital impact assessments across multiple scenarios and stress tests involving new products, business lines, or reinsurance structures.
- Explore capital optimization, including refining reinsurance strategies, legal entity structures and intra-group transactions.
- Engage collaboratively with Risk Management, Finance, Actuarial and Investments teams to ensure alignment between regulatory capital, economic capital, ORSA/ERM frameworks such as risk appetite and stress testing activities.
- Effectively communicate complex regulatory capital concepts to non-actuarial stakeholders, such as senior management, in a clear and concise manner.
- Facilitate training and knowledge transfer within actuarial and risk teams regarding BMA capital requirements and associated topics.
- Design and maintain robust controls around the end‑to‑end BSCR process, including data validation, peer review and sign-off procedures.
- Produce and maintain clear documentation for assumptions, methods and limitations, including process maps and user guides for the capital calculation tools, governance frameworks and control checklists.
- Develop and refine actuarial methodologies underlying BSCR calculations, such as stress and scenario testing, risk aggregation and parametrization of general insurance underwriting, market, credit, CAT (natural and man‑made), Climate, Cyber and Mortgage risks where relevant.
- Ensure actuarial models and tools comply with internal model governance standards, including documentation, version control and validation protocols.
Qualifications & Experience
- Near‑qualified or fully qualified actuary preferred (e.g., FIA, FSA, FCIA, FCAS, FIAA, AIA, ASA, ACIA, ACAS, AIAA or equivalent).
- Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics or a related quantitative discipline.
- 10+ years of actuarial experience in P&C (re)insurance.
- 5+ years of direct, hands‑on experience with Bermuda regulatory capital calculations, including BSCR.
- Familiarity with other regulatory regimes (e.g., Solvency II, US RBC, ICIS) and ability to compare frameworks, including experience with ORSA or similar enterprise risk management frameworks.
- Experience interacting with regulators, auditors or rating agencies preferred.
Benefits & Compensation
Base salary range: $116,000 – $150,000 annually, commensurate with education, experience, qualifications and work location. Benefits include health insurance, wellness program, life and disability insurance, 401(k) match, retirement savings plan, paid holidays and paid time off (PTO).
Risk Director employer: Everest
Contact Detail:
Everest Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Director
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at Everest Global Services. A friendly chat can sometimes lead to job opportunities that aren’t even advertised.
✨Show Off Your Skills
When you land an interview, make sure to highlight your experience with Bermuda regulations and BSCR calculations. Use specific examples from your past work to demonstrate how you’ve tackled similar challenges. We want to see how you can bring value to the team!
✨Prepare for the Tough Questions
Expect questions about regulatory capital and risk management frameworks. Brush up on your knowledge of ORSA and stress testing. We know it can be daunting, but being well-prepared will show that you’re serious about the role and ready to hit the ground running.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining Everest Global Services. Let’s get you that Risk Director position!
We think you need these skills to ace Risk Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Director role. Highlight your experience with Bermuda regulations and any relevant actuarial qualifications. 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 the perfect fit for the role and how your skills can benefit our team. Keep it concise but impactful, and don’t forget to show your enthusiasm for the position.
Showcase Your Analytical Skills: Since this role involves a lot of analytics, make sure to highlight your experience with BSCR calculations and capital modelling. We love seeing examples of how you've tackled complex problems in the past!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you’re genuinely interested in joining our team!
How to prepare for a job interview at Everest
✨Know Your Numbers
As a Risk Director, you'll need to be comfortable with BSCR calculations and regulatory capital concepts. Brush up on your knowledge of Bermuda regulations and be ready to discuss how you've applied these in past roles. Prepare specific examples that showcase your analytical skills and understanding of capital adequacy.
✨Speak Their Language
You'll be communicating complex concepts to non-actuarial stakeholders, so practice explaining your work in simple terms. Think about how you can break down technical jargon into relatable language. This will not only demonstrate your expertise but also your ability to collaborate effectively across teams.
✨Scenario Planning is Key
Be prepared to discuss how you've conducted capital impact assessments and stress tests in previous positions. Think of various scenarios you’ve worked on and how they influenced business decisions. This shows your strategic thinking and ability to navigate complex risk environments.
✨Documentation Matters
Highlight your experience in maintaining clear documentation for processes and methodologies. Be ready to talk about how you ensure compliance with internal model governance standards. This will show your attention to detail and commitment to robust risk management practices.