SVP, Compliance Officer

Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $111 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re’s roots in the insurance industry and the experience of their leadership go back many decades. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders.

About the role

The Senior Vice President, Compliance Officer is a senior leadership role responsible for providing regulatory guidance and leading key components of the compliance function for Fortitude Re. This includes ensuring adherence to applicable laws and regulations, developing and implementing compliance policies, and leading a team of compliance professionals. The SVP, Compliance Officer will lead the execution and operationalization of the enterprise compliance framework and oversee the day-to-day activities of the broader compliance team. This position reports directly to the Managing Director, Chief Compliance Officer and operates with significant autonomy in executing compliance strategy.

Responsibilities

• Offer strategic regulatory and compliance counsel to business and functional partners, including People and Culture, with a focus on crisis management, incident response, technology, cybersecurity, privacy, information security, third-party risk oversight, regulatory reporting, and AI governance.
• Strategic Compliance Leadership:
  • Act as a senior advisor to the Chief Compliance Officer.
  • Support the Chief Compliance Officer in delivering strategic regulatory and compliance guidance.
  • Lead and manage teams within the compliance function, setting objectives and expectations.
  • Drive execution of compliance priorities across teams.
• Compliance Framework and Program Management:
  • Lead the implementation, governance, and continuous improvement of the compliance framework, including the Company’s Policies and Standards.
  • Oversee periodic compliance monitoring and testing.
  • Ensure the organization’s operations comply with federal, state, and industry-specific regulations.
  • Review, conduct gap analysis, and implement compliance policies and controls to comply with new regulations.
  • Continuously monitor and assess the effectiveness of the compliance program and make necessary adjustments.
  • Oversee and support execution of key elements of the corporate compliance program, including Cyber, Privacy, Data Security, Data Governance, AI Governance, AML, Fraud, Code of Conduct, and third-party risk management.
  • Contribute to the Companies Governance processes, including board reporting.
  • Oversee and manage Compliance technology systems and operations (e.g., Regulatory Filings, Policy Framework).
• Crisis Management and Incident Response:
  • Lead and execute the crisis management strategy defined by the CCO.
  • Oversee the legal and compliance function in all crisis management and incident response activities, ensuring swift, compliant, and coordinated actions across the organization.
  • Partner with regulators and support regulatory interactions, providing legal/regulatory guidance during crises, including guidance on regulatory, reputational, and contractual implications.
  • Oversee incident response governance, including investigation standards and escalation protocols, and ensure robust investigation and reporting frameworks are in place.
  • Collaborate with executive leadership, communications, and risk teams to develop and execute response strategies that minimize legal exposure and reputational damage.
• Regulatory Examinations, Monitoring and Reporting:
  • Stay informed about changes in regulatory requirements and assess their impact on the organization.
  • Ensure timely and accurate submission of all crisis-related regulatory filings and reports.
  • Manage and support regulatory examinations, including data collection, review, and submission to regulators.
  • Act as a key contact for regulators in coordination with the Chief Compliance Officer and respond to inquiries, audits, and investigations.
  • Participate actively in industry groups and leadership forums to drive regulatory engagement.
• Risk Management:
  • Provide legal/regulatory and compliance guidance, including overseeing governance for emerging regulatory and compliance risks such as cybersecurity and artificial intelligence.
  • Conduct compliance risk assessments and develop strategies to mitigate identified risks.
  • Implement and monitor controls to ensure compliance with regulatory requirements.
  • Collaborate with the risk management and internal audit teams to identify and address compliance risks.
• Training and Education:
  • Lead development and delivery of compliance training programs for employees at all levels.
  • Ensure that staff are knowledgeable about compliance policies, procedures, and regulatory requirements.
  • Provide ongoing guidance and support on complex compliance issues.
• Reviews and Investigations:
  • Provide primary legal and compliance leadership and support for employee investigations, including recommendations and resolutions of issues.
  • Manage the company’s Ethics Hotline, including reviews and investigations.
  • Conduct compliance reviews and investigations as needed.
• Team Leadership and Development:
  • Lead and manage the Compliance and Regulatory filings team members, providing leadership, guidance, and support.
  • Provide continuous performance feedback, mentorship, and professional development opportunities for team members.
  • Foster a culture of compliance and ethical behavior within the organization.
  • Drive workforce planning and capability development.
• Collaboration and Communication:
  • Work closely with senior management to integrate compliance into business strategies and operations.
  • Communicate effectively with internal and external stakeholders regarding compliance matters.
  • Prepare and present compliance reports to the board of directors and executive leadership.

Requirements

• Bachelor’s degree in compliance, finance, accounting, business administration, law, or a related field.
• Advanced degree (MBA, JD) or professional certifications (e.g., Certified Regulatory Compliance Manager (CRCM), Certified Compliance and Ethics Professional (CCEP)) preferred.
• Minimum of 15 years of experience in compliance, regulatory affairs, or a related field within a regulated industry.
• Experience in the reinsurance or insurance industry preferred.
• Investigation expertise, including employment and labor law experience preferred.
• Extensive experience in developing and implementing effective compliance programs.
• Proven track record of managing interactions with regulatory bodies.
• In-depth knowledge of regulatory requirements and compliance standards.
• Proven ability to lead and manage teams.
• Excellent analytical and problem-solving skills.
• Proven ability to work effectively in a high-pressure and fast-paced environment.
• Collaborative approach.
• Discretion with confidential information, excellent judgment.
• Excellent attention to detail, organizational, and time management skills.
• Excellent communication and interpersonal skills.
• Leadership, influencing, and indirect team management abilities.
• Proficiency in compliance management software and Microsoft Office Suite.

Pay

The base salary range for this role is $225,000 USD - $260,000 USD, commensurate with candidate experience. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.

Benefits

Fortitude Re offers a generous benefits package. The company fosters a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation, or gender identity—feels valued and respected.