ALM STRATEGY SPECIALIST– INSURANCE SUPERVISION – BERMUDA – ONLY 10% TAX – HR111
About this opportunity
Our client is seeking the services of a skilled and capable individual to work as an ALM Strategy Specialist within the Supervision (Insurance) function. Reporting to a Deputy Director, the ALM Strategy Specialist will work with and lead a team focused on specialist technical areas, including but not limited to research, Asset Liability Management (ALM), investment, hedging, and liquidity risk management.
Responsibilities:
Managing a Team responsible for detailed reviews of the models and practices employed by regulated insurance entities in managing liquidity, insurance and market risks (e.g., interest rate risk, currency risk, spread risk, equity risk, etc.) to evaluate compliance with existing laws, regulations, policies, codes, plans and procedures and preparing reports for discussion and action
Overseeing thought leadership and technical expertise on complex matters among ALM, hedging and investments, including structured and non-traditional investments
Leading on the development of tools to enable informed supervisory insight on liquidity stress testing, lapse risk management and capital markets scenario analysis
Leading the Department in the development and application of risk, financial and regulatory analytics for long-term insurers
Researching and assessing a range of complex financial market developments and using such analysis to update and enhance the supervisory toolkit
Providing training, advice and senior-level technical support to regulatory and operational teams
Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post
What you’ll need
A master’s degree in finance, investments, risk management, economics or actuarial science or a professional designation from a recognised institution or professional body such as CFA, CAIA, ARPM, CQF, FSA, FIA, or CERA
A minimum of ten (10) years’ relevant experience, of which at least five (5) years should be at a senior level working within a regulated financial services sector, preferably life insurance/reinsurance, investment sector, or as a financial service
Practical experience of ALM implementation or review within a regulated financial services sector
In-depth understanding of the Bermuda regulatory framework or other risk-based supervision regimes, especially as they apply to long-term/life insurance products
Understanding of the key pillars of risk-based supervision such as economic balance sheet, standard formula, internal capital model, ORSA, BSCR and stress tests
Compelling evidence of knowledge and expertise in evaluating complex investment structures, balance sheet optimisation, derivatives and hedging
Proficient in R, Python, MATLAB and/or other ALM software
The ability to work in a fast-paced environment with a high degree of accuracy
Accountable for work and proactive with assigned tasks
A willingness to work outside normal business hours as required
How to apply
To apply, attach your résumé or include a link to your LinkedIn profile
If you don't provide one of the above, we can't progress your application
For reasons of confidentiality and to ensure best match for positions, our normal practice is to submit applications to employers only after we have had a Career Consultation with candidates. In the event that you are not shortlisted for this particular vacancy, your details will be held on file and considered for other relevant opportunities.
Our clients are equal opportunity employers and value diversity. They do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you believe you deserve an exceptional career, we’ll help make it happen.
