VP, L&A Risk
Key Skills for This Role
Full Job Posting
What You Will Do
- Risk Oversight & Business Support
- Contribute to a robust risk management program that integrates with business partners to provide pragmatic oversight, challenge, and review.
- Challenge first-line risk identification and reporting across life, health, and annuity businesses; keep ERM leadership informed of material risks and policy compliance.
- Lead ERM support for Bermuda EBS activities, including financial reporting and attributions, new deal integration, model updates, management of topsides & simplifications, and regulatory examinations/reviews.
- Model Risk Management
- Oversee and manage ERM support for all ALM-related models to ensure proper usage given limitations, consistency and appropriateness of methodology across models, and compliance with model risk management standards.
- Support broader model risk and operational risk functions under the direction of the Model Risk Officer.
- Ensure model risk policies, standards, and procedures are met to comply with internal governance and regulatory requirements for ALM-related models.
- Provide input to the MRO on the Model Governance Committee with regard to model risk matters, and develop model risk reporting and documentation to support audit or other external reviews.
- People Management
- Manage an actuarial student and any other direct team members; manage timeline, sequencing and resources for model reviews which include tactical and SME support from other ERM team members.
What You Will Have
10+ years of related experience with long-term insurance liabilities.
Strong Life & Annuity and financial modeling experience; ideally a credentialed actuary or someone with deep expertise in insurance ALM projections.
Deep knowledge of life and annuity insurance/reinsurance, ALM, and capital frameworks.
Working knowledge of the Bermuda EBS reserve and capital framework.
Strong understanding of market, credit, and insurance risks affecting long-term liabilities.
Strong analytical skills with the ability to independently hold and defend a risk position.
Experience using economic capital models for business decisions and solvency monitoring.
Experience managing multiple stakeholders, including subsidiary/parent relationships.
Experience with various software packages commonly used in actuarial practice such as Microsoft Office (e.g., Excel, PowerPoint), Actuarial projections (e.g., AXIS, SLOPE, Prophet), programming languages (e.g., Julia, Python, C++).
Collaborative skills and gravitas to manage risk issues across long-term businesses.
#LI-Remote
At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
To all recruitment agencies : Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)
By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes. For more on how we handle your personal data, please review our Applicant Privacy Notice . Concerned about recruitment fraud? Learn how to verify Fortitude Re's recruitment process: Recruitment Fraud Notice
About Fortitude Re
Fortitude Re is a private global reinsurer serving insurance companies with legacy life, annuity, and property-and-casualty solutions.
Visit company websiteJobs and hiring trendsApply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at Fortitude Re
Associate, End User Services Data Analyst
Nashville, USA
Fortitude Re seeks an End User Services Data Analyst to turn operational data and technology roadmaps into insights that improve employee technology services. The role analyzes service, endpoint, collaboration, and virtu
Sr. Associate, Data Solutions Engineering
Jersey City, USA
Sr Specialist, Consumer Affairs
, USA
Associate, End User Services Data Analyst
Nashville, USA
AVP, Data Solutions Engineering
Jersey City, USA
AVP, Data Solutions Engineering
Nashville, USA
Sr. Associate, Data Solutions Engineering
Nashville, USA
Sr. Associate, Data Solutions Engineering
Jersey City, USA
AVP, Data Solutions Engineering
, USA
Sr. Associate, Data Solutions Engineering
, USA