Principal – Insurance Intermediaries

About the role

The Bermuda Monetary Authority is seeking a senior professional to lead the supervision of insurance intermediaries. Reporting to the Assistant Director, the Principal will direct a multidisciplinary team responsible for risk‑based prudential and conduct oversight of managers, brokers, agents and other registrants under the Insurance Act 1978.

Key responsibilities

• Lead on‑site and off‑site supervision of insurance intermediaries, setting priorities and annual supervisory plans.
• Conduct risk‑based analysis to determine the scope and intensity of supervisory activities.
• Oversee regulatory reviews, compliance assessments and ensure findings are clear, proportionate and evidence‑based.
• Monitor remediation of supervisory findings, escalating material concerns and recommending regulatory action.
• Review licensing and registration applications, applying consistent, risk‑based recommendations.
• Allocate supervisory resources using risk‑based methodologies and meet service standards.
• Identify sector trends, emerging risks and contribute to policy, rule and guidance development.
• Manage, coach and develop the team through performance monitoring, appraisals and training.
• Liaise with industry bodies, government agencies and international regulators, representing the Authority in meetings and conferences.

Required profile

• Master’s degree in business, finance, insurance, law or related field, or equivalent professional qualification.
• At least 7 years post‑graduate experience, with minimum 3 years in a senior role within a financial services regulator, insurer or related environment.
• Strong knowledge of insurance regulation, risk‑based supervision and the Bermuda insurance market.
• Proven ability to interpret legislation, rules and international regulatory standards.
• Demonstrated leadership, mentoring and performance‑management skills.
• Excellent analytical, problem‑solving and decision‑making abilities.
• Outstanding written and oral communication skills for interaction with senior stakeholders.

Required skills

• Microsoft Office