Risk Manager

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.

Qualifications

• Bachelor’s degree in Finance, Risk Management, Actuarial Science, Mathematics, Statistics or similar.
• Professional certifications such as FSA, FIA, 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.