Job Description

Data Modelling and Analytics Specialist

Supervision (Insurance) Department

The Bermuda Monetary Authority (Authority or BMA) is seeking the

services of a skilled and capable individual to work as a Data Modelling

and Analytics Specialist in our Supervision (Insurance) Department.

Reporting to an Assistant Director, the Data Modelling and Analytics

Specialist will be responsible for data analysis, research analytics, and

developing and maintaining internal risk analysis tools and models that can

be effectively employed to conduct in-depth analysis, reviews and research.

The incumbent will collaborate closely with supervisory teams to automate

regulatory processes, enhance reporting capabilities and provide technical

guidance on analytical matters. Additionally, the role will contribute to

the continuous improvement of regulatory practices and methodologies,

staying abreast of industry developments and best practices.

This is a key role for the Authority and the post-holder will be

responsible for:

Developing and maintaining actuarial models using actuarial

software to support regulatory oversight, including technical

provisions, solvency assessment, risk analysis and financial reporting

Assisting in the promotion and implementation of rules, policies,

and guidance affecting the BMA-regulated (re)insurers

Identifying and reporting circumstances that could be indicators

of potential insurance company distress and recommending

appropriate courses of action

Performing reviews of regulatory filings of the BMA-regulated

entities and communicating findings to supervisory teams and/or

recommending changes to guidance to address findings

Utilising advanced statistical techniques and predictive modelling to

analyse insurance company data and identify emerging trends, risks,

and vulnerabilities. Contributing to the building of infrastructure

that will promote the security and integrity of the data

Conducting thorough technical reviews of reserving, capital and

risk models, including methodologies and assumptions used

by insurance companies to ensure compliance with regulatory

standards and best practices

Collaborating with cross-functional teams within the Authority

to develop and implement data-informed solutions for addressing

regulatory challenges and achieving strategic objectivesAutomating regulatory processes and building internal tools using

Excel, R and/or Python to support technical analysis of complex

supervision projects and initiativesDesigning tools and templates used for ad-hoc data calls,

validating and analysing collected data and interpreting the data

for presentation to management, and attending to queries from

registrants arising from the data calls

Conducting research and staying abreast of (re)insurance industry

developments and contributing to supervisory insight and foresight

to ensure the Authority's practices align with best practices,

fostering a culture of continuous improvement and excellence in

leveraging data and research for effective decision-making and

strategic initiatives

Providing support for technical issues, knowledge sharing, as well

as coaching and mentoring to junior team members

Representing the Authority at various local, regional and

international meetings, conferences and seminars, involving

meetings and information exchanges with other regulatory

bodies, government agencies and the financial services industry to

maintain and develop key relationships as required

Assisting in other areas of the supervision of insurance companies,

for example, special projects aimed at meeting departmental

objectives, or to address emerging issues

Performing other related work and special projects as assigned by

management in accordance with competencies normally associated

with the post

This position requires a proven technical and business background.

Therefore, the post-holder must have:

A master's degree or equivalent qualification in a relevant

discipline (e.g., actuarial science, mathematics, statistics, finance,

computer science or related field) from a recognised institution

or a professional designation from a recognised institution or

professional body, such as CPA, CFA, FIA, FSA

A minimum of seven (7) years of relevant experience in modelling

and analytics, of which at least three (3) years should be at a senior

level working within the financial services industry, preferably in

life (re)insurance

Proficiency in AXIS actuarial software with a solid understanding

of actuarial principles, reserving techniques and financial reporting

requirements

Proficiency in agile software development, object-oriented

programming techniques and SOLID design principles

Extensive experience in data manipulation, analysis and

visualisation, using tools such as R and/or Python

Familiarity with various international insurance regulatory and

capital standards would be an asset
The Bermuda Monetary Authority is the integrated regulator of the

financial services sector in Bermuda. We offer the opportunity for

broad exposure to international regulatory issues, special projects and a

variety of work experiences.


Applications for this position must be received no later than

25 June 2025.