Vice President, Chief Risk Officer

About the role

The Vice President, Chief Risk Officer will lead the risk function for Gibraltar Re and Lotus Re, two Bermuda‑based life reinsurance companies. Reporting to the President and with direct access to the Board and Board Risk Committee, you will provide independent challenge and drive risk‑aware decision making as the businesses scale.

Key responsibilities

• Maintain and continuously enhance the Enterprise Risk Management framework.
• Develop and monitor the risk appetite framework, including limits, metrics and escalation thresholds.
• Oversee and challenge risks arising from reinsurance activities such as credit, market, liquidity, concentration, counter‑party and operational risk.
• Provide independent oversight of asset strategy, ALM and liquidity management in partnership with Investment, Actuarial and Finance functions.
• Lead the CISSA process, aligning strategy, capital planning and risk profile.
• Review and challenge regulatory capital and solvency frameworks (BSCR, EBS, SBA) and related filings.
• Act as primary risk interface with the Bermuda Monetary Authority, ensuring proactive regulatory engagement.
• Oversee insurance and actuarial risks, including mortality/longevity, policyholder behaviour, product design and reinsurance structures.
• Review actuarial assumptions and model outputs from an independent risk perspective.
• Oversee stress testing and scenario analysis across capital, liquidity, assets and insurance risks.
• Deliver clear, concise risk reporting to the Board and Board Risk Committees and promote a strong risk culture.

Required profile

• 10–15+ years of experience in life insurance or life reinsurance, with a background in risk management, actuarial, investments or finance.
• Strong understanding of the Bermuda long‑term insurance regulatory framework, including BSCR, EBS, SBA and CISS A.
• Direct experience with asset‑intensive, ALM‑driven balance sheets and complex reinsurance structures.
• Proven ability to engage senior management, boards and regulators with independent judgement.

Required skills

• Risk management
• Actuarial modelling
• Asset‑Liability Management (ALM)
• Regulatory capital frameworks (BSCR, EBS, SBA, CISS A)
• Stress testing and scenario analysis