Principal Risk Analyst, Supervision (Insurance)

Principal Risk Analyst
Supervision (Insurance) Department

The Bermuda Monetary Authority (Authority or BMA) is seeking the 
services of a skilled and capable candidate to work as a Principal Risk 
Analyst in our Supervision (Insurance) Department. Reporting to an 
Assistant Director, the Principal Risk Analyst will be responsible for 
supporting the Department’s oversight of insurance and reinsurance 
entities, with a strong focus on data processing, analysis and data 
modelling. This position requires expertise in handling large datasets, 
extracting insights and applying analytical techniques to assess the 
financial soundness of supervised entities.

This is a key role for the Authority and the post-holder will be 
responsible for but not limited to:

• Leading the collection, validation and analysis of data from 
regulatory filings, actuarial reports and financial statements to 
assess the financial condition of supervised entities
• Developing and maintaining data-driven models and analytical 
tools to support risk assessment and supervisory decision-making
• Automating data processing and reporting to improve efficiency 
and accuracy in regulatory oversight
• Conducting statistical analyses and financial modelling to identify 
trends, emerging risks and market developments
• Participating in liquidity reviews across the Bermuda insurance 
industry
• Developing and implementing data governance frameworks to 
enhance data quality and integrity
• Evaluating reinsurance transactions, solvency requirements and 
capital adequacy assessments using data-driven methodologies
• Collaborating with internal and external stakeholders to enhance 
the use of data analytics in insurance supervision
• Contributing to regulatory policy development by leveraging data 
insights to inform supervisory strategies
• Preparing reports, presentations and dashboards to communicate 
key findings and recommendations to management and industry 
stakeholders
• Integrating data from external databases to internal dashboards and 
reports
• Providing managerial direction, leadership and supervision 
to assigned direct reports in addition to providing support for 
technical and administrative issues, which lead to the achievement 
of Department goals
Performing other related work and special projects as assigned by 
management in accordance with competencies associated with the post

This position requires a proven technical and business background. 
Therefore, the post-holder should have:

• A master’s degree in actuarial science, computer science or related 
field or equivalent qualification in insurance or data science from a 
recognised institution or professional body
• Minimum of seven (7) years relevant experience, of which at 
least three (3) years should be at a senior level working within a 
regulated financial services business
• Knowledge of both long-term and property and casualty insurance 
would be an advantage
• Proficiency in MS Office Excel, Python, R, VBA and SQL
• Strong organisational and communication (both oral and written) 
skills
• Analytical and problem-solving abilities with keen attention to 
detail

The Bermuda Monetary Authority is the integrated regulator of 
Bermuda’s financial services sector. We provide various opportunities 
for broad exposure to international regulatory issues, special projects 
and work experiences.

If you are looking for a challenging opportunity in a team environment, 
we invite you to submit your application online via our ‘Careers at 
BMA’ page at www.bma.bm. Applications for this position must be 
received no later than 1 July 2025.