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

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

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

This role is a unique opportunity for a talented senior re/insurance risk professional to join Everest Group at a moment of a strategic pivot, materially contributing to shaping an enhanced globalized ERM framework that is effective, pragmatic and fit-for-purpose for Group Supervision by the BMA. 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.

A member of Everest's ERM Senior Leadership Team, reporting to the Group CRO. Leading the team of ERM that is responsible for the global ERM framework and governance as well as operational risk, emerging risk and third-party risk. Be the point person managing the Group CRO's responsibilities related to Group Legal Entities and Group Supervision, provide independent oversight of risk for Everest's Legal Entities in Bermuda, and act as ERM's senior relationship manager with the Bermuda Monetary Authority. Prepare and coordinate ERM's reporting to the Everest Group Executive Leadership Team as well as the Board of Directors, and act as process manager of the Enterprise Risk Committee and the Operational Risk Committee. Chief-of-Staff to the Group CRO for all strategic, administrative and leadership matters. Be the risk partner to the global Group Chief Operations Officer, covering the respective risk oversight responsibilities such as RCSAs, Operational Risk Heatmap and risk assessments of strategic initiatives. Coordinate the connection with other functions that carry 2nd line risk oversight responsibilities such as Legal & Compliance (for regulatory and sustainability risks), IT (for cyber risk) and Internal Audit (for control testing, including ICoFR/SOX).

Responsibilities include:

• Global ERM Framework: 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.
• Operational Risk Management: 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.
• Group Supervision: Act as the main representative from Everest's Enterprise Risk Management in the day-to-day relationship with the Bermuda Monetary Authority (BMA).
• Legal Entity Risk Management: Be responsible for developing, implementing, leading and maintaining the risk management frameworks for Everest's Legal Entities in Bermuda.

Qualifications include:

• 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
• Being self-motivated and well organized, able to prioritize and manage a broad range of activities

For the US Only: The base salary range for this position is $305,000 - $410,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn't align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors.