Risk Manager at KUVARE INSURANCE SERVICES LP

City of Hamilton, , Bermuda -

Full Time

Start Date

Immediate

Expiry Date

13 Feb, 26

Salary

0.0

Posted On

15 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Compliance, Investment Analysis, Liquidity Reporting, FX Hedging, Scenario Analysis, Capital Analysis, Model Validation, Risk Modeling, ALM, Derivatives, Regulatory Compliance, Critical Thinking, Collaboration, Communication, Attention to Detail

Industry

Insurance

Description

About the role Oversee, implement, and enhance risk monitoring and compliance processes for Kuvare’s Bermudian entities including reporting to the CRO, President and Board Evaluate, assess and comment on investment proposals from asset managers ensuring appropriateness given credit risk etc. Lead the development and enhancement of Kuvare’s asset liability matching and liquidity reporting. Evaluating performance and effectiveness of Kuvare’s FX hedging activities. Supporting governance and validation processes for Kuvare’s Scenario Based Approach “SBA” modeling. Monitor compliance with the Bermuda Monetary Authority regulations and support and contribute to a strong collaborative risk culture. Monitor developments and trends within the industry. Monitoring and assessing ongoing counterparty investment compliance. Coordinating with investment, finance, and actuarial teams on various capital analysis, risk, and capital reports. Performing second-line control for underwriting and model risk including: Providing risk analysis and opinion for new US and Asia block and flow transactions. Offer strategic support while challenging first-line processes and models. Coordinating Risk Committee meetings and deliverables. Oversight of policies, standards, and templates and monitoring their impact. Maintenance of a central database of policies accessible to risk committee members. Implementing ongoing execution of Commercial Insurer’s Solvency Self-Assessment (“CISSA”), ad-hoc regulatory reporting and monitoring regulatory changes including: Review of governance structure and documentation. Risk identification and scenario analysis with a focus on credit and spread risk. Evaluation of risk appetite and key risk indicators. What you'll do Describe the specific responsibilities and job functions of the role Qualifications Bachelor’s degree in Finance, Risk Management, Actuarial Science, Mathematics, Statistics or similar. Professional certifications such as FSA, IFoA, CFA or equivalent designation; A minimum of 5+ years relevant experience preferably working in a (re)insurance, asset management, or financial services environment; Display a keen interest in financial markets; Proven experience with model validations, risk modeling and ALM; Demonstrate good understanding of wide range of public and private asset classes Possess a solid understanding of a range of derivative hedging strategies Experience with Bermuda’s regulatory, compliance and reporting structures (or an equivalent framework) would be advantageous; Experience in various frameworks such as LICAT, GAAP, SBA, SII Matching Adjustment etc.; Experience in asset intensive life and annuity products; Experience in managing other members of staff would be ideal; Excellent critical thinking skills and sound judgement with a strong attention to detail and ability to prioritize competing deadlines, projects, and ad-hoc requests as they arise; Ability to effectively collaborate and communicate both written and oral with a range of stakeholders; and Willingness and capacity to work overtime including evenings, weekends, and public holidays and on short notice when needed to meet time-sensitive tasks.

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Responsibilities

The Risk Manager will oversee and enhance risk monitoring and compliance processes for Kuvare’s Bermudian entities, including evaluating investment proposals and leading asset liability matching. The role also involves monitoring compliance with regulations and coordinating with various teams on risk and capital reports.