SVP, Head of Group Corporate and Operational Risk / CRO Bermuda

About the role

Centrally positioned within Everest Group with high visibility to the Group's Executive Leadership Team, leading a small, global high-performing team and acting as Chief-of-Staff in close proximity to the Group CRO.

Responsibilities

• Define, establish and maintain optimized group-wide Enterprise Risk Management Governance, capturing all risk factors as well as clear accountabilities across the 1st, 2nd and 3rd line of defense.
• Enhance the non-financial risk aspects of the Group Risk Appetite Framework and the Group ORSA/GSSA reporting.
• Ensure effective management of the main executive-level risk committees, with direct ownership of the Group Operational Risk Committee and the reporting upwards from the Group Operational, Financial and Underwriting Risk Committees to the Group Enterprise Risk Committee.
• Ensure complete coverage of all relevant topics in the quarterly reporting to the Group Board of Directors Risk Management Committee.
• Establish and maintain the Group-wide framework for Operational Risk Management with a coherent approach top-down and bottom-up, covering Risk Culture, Risk Control Self Assessments, Operational Risk Incident Management and Operational Risk Heatmaps.
• Manage the Operational Risk Committee.
• Implement the global roll-out of 'DecisionFocus' as the overarching infrastructure backbone for operational risk management across the Group and pursue continuous technological improvements to optimize efficiency.
• Establish a reliable connection to other teams who execute 2nd line of defense risk oversight for specific non-financial risk factors such as Legal & Compliance for regulatory, sustainability and compliance risks, IT for Cyber risk and Internal Audit for control testing.
• Advise Group and Legal Entity management teams and boards of directors on forward-looking risk trends and emerging risks.
• Act as the main representative from Everest's Enterprise Risk Management in the day-to-day relationship with the Bermuda Monetary Authority (BMA).
• Collaborate closely with the regulatory compliance team to help ensure Group-wide readiness and appropriate representation of Everest's practices at initial and ongoing regulatory interactions, such as Supervisory College meetings and onsite inspections.
• Facilitate consistency across all Legal Entities.
• Ensure appropriate integration of risk considerations and independent challenge into strategic planning and business initiative decision making.

Qualifications

• 15 years of experience in insurance or reinsurance, of which a considerable part in Risk Management.
• Deep knowledge of international re/insurance regulatory demands, incl. Bermuda and BMA Group Supervision.
• Very good command of corporate governance best practices, especially related to Risk Management.
• Experience of attending Supervisory Colleges.
• Having acted as Principal Representative to the BMA a plus.
• Technical understanding of standard solvency capital models and internal models.
• Strong grasp of operational risk framework best practices and experience in implementation.
• Proven effectiveness in leading a team across locations with complex internal stakeholder management.
• Ability to operate in close interaction with senior executive leadership and regulatory supervisors.
• Reliable execution skills with structured auditable processes while maintaining lean pragmatism.
• Strong collaborator in a matrix setup with coverage of a complex global organization.
• Excellent written and oral communication skills, as well as command of all pertinent software.
• Higher education in relevant fields and advanced degree (FIA, FCAS, CFA or FRM preferred).
• Being self-motivated and well organized, able to prioritize and manage a broad range of activities.