The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.
Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.
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The role
Fidelis is searching for a talented, experienced IT Risk Director to join its expanding Risk Management team. The IT Risk Director will have the opportunity to work closely with senior business leaders to drive enhancements and execute the company's global risk framework. This person will also have regular and direct access to the Global Chief Risk Officer, Executive Committee and Management Committee Members, Senior IT and Operational functional leaders. The Risk Management team covers a comprehensive view of enterprise risks including strategic, operational, service, regulatory and financial risks.
The role will offer significant growth potential as part of a team that covers the entirety of the rapidly growing Group. The individual will be expected to act independently and to manage elements of the Risk Management Framework with little day-to-day oversight. The IT Risk Director is a senior position and will be expected to use their skills to help influence our nimble and innovative business. This role will provide unique insight and access into the world-class underwriting process and market-leading proprietary systems along with all other key functions for the business.
The IT Risk Director will have to be highly organised, detail orientated and an effective stakeholder manager. This person will need to be a strong communicator (written and verbal) with a high level of emotional intelligence. We are looking for someone with significant experience in both Specialty or General Insurance and Risk Management but are open to candidates with the requisite skills and comparable experience in other sectors.
The IT Risk Director will be instrumental in establishing the ongoing monitoring of the IT-related risks for the portfolios under TFP's management, including Lloyd's of London syndicates and the company market (namely, the Fidelis Insurance Group). The role will serve in an oversight capacity over the breadth of the IT-related related risks across the Group. In addition to the standard risk categories (e.g. strategy, systems availability and integrity, cyber security and data confidentiality, access, service support, infrastructure and asset management), the IT Risk Director will be expected to work with the business to develop an approach to overseeing the use and opportunities relating to artificial intelligence.
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Key accountabilities
The IT Risk Director will take primary responsibility for the following:
+ Managing the quarterly risk review (QRR) and risk radar process for IT risk categories which are performed predominantly with the key function leaders and control owners
+ Drafting IT inputs to regular reports to Boards, Board Committees and Management Committees across the Group
+ Maintaining, enhancing and embedding the Information, Communication and Technology (ICT) Risk Framework, including the development of IT risk policies where required.
+ Developing and embedding IT-related 2LOD risk policies and frameworks where required
+ Coordinating impacts of IT operational and control activity impacting the risk register as well as related stakeholders including Compliance, Internal Audit and SOX (carriers)
+ Taking the lead on IT Risk Incident responses
+ Developing a working understanding of new IT-related risks or controls
+ Keep the risk register (Decision Focus) current for IT-related risks, controls and accountability The IT Risk Director will support the Risk team in the following activities:
+ Work collaboratively with the first line of defence to develop and enhance key risk policies, procedures and standards - including annual reviews
+ Work collaboratively with the various non-IT business functions to consider impacts of IT systems, capabilities and controls
+ Develop strong working relationships with key IT stakeholders including: Head of IT, Chief Technology Officer, Chief Data Officer, Head of IT Risk and Compliance (1LOD), Head of Infrastructure, Head of Cyber Security and others
+ Develop and deliver IT risk training where appropriate and required
+ Maintain strong working relationship with risk and control functions in partner organisations
+ Supporting the business to keep wind-down (resolution) plans current and relevant Key stakeholders include:
+ The Fidelis Partnership Boards, Board Committees and Management Committees
+ Fidelis Insurance Group - CRO, SOX Compliance Team, IT and Operations and Head of Internal Audit
+ Asta Managing Agency as the managing agency for TFP Lloyd's business
+ The Fidelis Partnership functional leaders in London, Dublin, Bermuda, Brussels and Abu Dhabi
+ Key service providers, including off-shore support in Noida, India
+ Heads of functions across The Fidelis Partnership
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Skills & experience
University degree, preferably in Computer Science, Information Technology, Mathematics, Science or Economics
Strong preference for candidates with advanced degree or relevant industry qualifications (e.g., CISA, CRISC, CISM)
Strong academic background and mathematical acumen
Experience with industry standard IT risk management frameworks (e.g., NIST, ISO 27001, Cyber Essentials, COBIT, COSO)
10+ years' experience in the IT Risk sector (Risk Management, External Audit, Internal Audit), preferably with a strong understanding of the insurance industry
Excellent Microsoft Office skills, in particular Microsoft Excel, PowerPoint and PowerBI
Experience working with Financial Regulators across multiple jurisdictions (e.g., PRA/FCA, CBI, BMA, FSRM)
Must be a strong critical thinker who can interrogate the data to ensure it makes sense and provide challenge when required
Must be able to balance working on detailed projects and maintaining the ability to step back to understand enterprise risks
Must be able to respond positively during busy periods through multi-tasking and effective prioritization against needs of business
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Other
The Fidelis Partnership Ethos
At The Fidelis Partnership, we aim to be different while making a difference.
We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide.
Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.
Diversity, Equity & Inclusion
Diversity & Inclusion in the workplace
Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes
This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups
We aim to maintain a focus on equal opportunities across all stages of hiring process
We measure and minimise the pay gap where possible.
Bring Your Whole Self to Work
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.
To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may necessitate an adjustment, please contact
fidelis@avenciaconsulting.com
to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.
Apply by 08/09/2025
Reference: FID01531
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