Chief Risk Officer - Seven30 Re

About the role

TIAA is hiring a Chief Risk Officer for Seven30 Re, a Bermuda-based reinsurance company owned by TIAA. The role leads the build-out and ongoing oversight of the enterprise risk management (ERM) framework, including risk policies, risk appetite and regulatory compliance with Bermuda requirements. It also provides independent second-line review and challenge of reinsurance transactions, capital adequacy, liquidity, asset-liability management, investments, credit exposures, stress testing and solvency management.

Key responsibilities

• Design, implement and oversee the ERM framework, including policies, procedures, risk registers and risk appetite statements aligned with TIAA's enterprise framework.
• Provide independent second-line review of reinsurance transactions, sidecars and strategic opportunities, assessing pricing, assumptions, capital implications and downside scenarios.
• Own the development, documentation and filing of CISSA and related regulatory submissions, and challenge the solvency position, BSCR methodologies and capital adequacy monitoring; act as primary risk contact for the BMA.
• Set up risk identification, assessment, controls and monitoring, with focus on reinsurance and liability risk, asset-liability matching, investment risk, valuations, capital adequacy and liquidity.
• Lead operational and outsourcing risk, and provide second-line oversight of operational, technology, cyber and model risk using TIAA enterprise capabilities.
• Develop risk committee reporting packages, report regularly to senior management and the Board, and partner with Actuarial, Investment, Finance, Legal and Operations while keeping the risk function independent.
• Stay current with regulatory changes, industry trends and emerging risks in reinsurance.

Required profile

• 10+ years of experience required.
• Significant experience in life and annuity (re)insurance, including asset-intensive liabilities.
• Ability to independently assess reinsurance risk and the risk and pricing of reinsurance transactions.
• Substantive Bermuda regulatory experience, including direct BMA interaction and CISSA development and filing.
• Experience building risk frameworks and producing regulatory filings in a newly formed or scaling entity.
• Experience in life insurance, annuities, retirement or asset-intensive reinsurance businesses.
• University degree preferred; actuarial credential (FSA, ASA, FIA or equivalent) preferred but not required.