Assistant Director - Macroprudential, Supervision (Insurance) Financial Stability and Research Department

The Bermuda Monetary Authority (Authority or BMA) is seeking the services of a skilled and capable individual to work as Assistant Director - Macroprudential Supervision (Insurance) in our Financial Stability and Research Department. Reporting to the Financial Stability Advisor, Head of Research, the Assistant Director - Macroprudential Supervision (Insurance) will be responsible for undertaking and overseeing macroprudential policy and systemic risk analysis projects that contribute to the Authority’s financial stability objectives.

• Designing and implementing macroprudential surveillance frameworks specific to the insurance sector, with a focus on identifying vulnerabilities and mitigating risks
• Monitoring macroeconomic, market, and insurance-specific trends to assess emerging risks affecting the Bermuda insurance market
• Overseeing the development of regulatory tools and policies to enhance financial sector resilience in the insurance domain
• Engaging with industry stakeholders to provide supervisory insights and consult on potential systemic risk areas in the insurance sector
• Coordinating with international regulatory bodies to ensure alignment with global macroprudential standards for the insurance industry
• Assisting in the formulation and evaluation of macroprudential stress-testing scenarios for insurers operating in Bermuda
• Leading internal projects to enhance regulatory preparedness and ensure robust sectoral oversight
• Providing senior-level subject matter expertise and advice as required
• Steering an assigned team in addition to providing support for technical and administrative issues
• Providing direction, leadership and supervision to the assigned team(s) and working groups, in addition to providing support on technical, managerial and administrative matters in achieving the department’s overall goals and objectives
• Overseeing performance of individual team members, providing direction, mentoring and feedback. Conducting formal performance appraisal discussions as prescribed by the performance management process
• 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 training needs of employees and, in conjunction with the Learning and Development Team, establishing programmes for their development by way of formal training courses, special projects or on the job exposure
• Performing other related work and special projects as assigned by management in accordance with competencies normally associated with the post

• A Master’s degree or equivalent qualification in finance, actuarial science, statistics, mathematics and/or related discipline from a recognised institution. A doctoral level degree in a related discipline is an asset
• A minimum of ten (10) years relevant experience, with at least five (5) years at a senior level leading a team, in the financial services industry and/or working experience with a central bank, financial services regulator and/or research institution. Proven experience in policy or research design, development and implementation
• Strong knowledge of the global insurance market, with a focus on systemic risk issues
• Proven experience in the development and implementation of macroprudential tools and frameworks
• Outstanding verbal and written communication skills, including the ability to disseminate complex findings to diverse audiences clearly and effectively
• A demonstrated ability to balance multiple projects, prioritise workloads and meet deadlines in a fast-paced and dynamic professional environment
• Strong interpersonal skills and the ability to engage with a broad range of stakeholders, including senior management, industry experts and international organisations

The Authority is the integrated regulator of the financial services sector in Bermuda. 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 14 July 2026.

BMA House | 43 Victoria Street, Hamilton HM 12 | careers@bma.bm | (441) 295 5278

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