SVP, Enterprise Controls

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. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry.Click herefor moreinformation about Fortitude Re.

Senior Vice President,EnterpriseControls willestablishand lead the Company’s second line of defensecontrolsfunction. This senior leadership role willbe responsible forbuilding a modern, scalable, and AI-forward controls program that strengthens the enterprise control environment across key business and functional areas, including finance, investments,actuarial,operations, technology, data, and other corporate functions.

This leader will design and implement the second line controls framework, including the tools, templates, standards, and governance needed to document controls consistently across the enterprise. The role will also own the annual controls calendar and coordinate enterprise-wide control activities such as walkthroughs, risk and control self-assessments, control design assessments, operating effectiveness monitoring, and risk-based periodic testing.

The ideal candidate will bring deepexpertisein controls, operational risk,financial controls,compliance, internal audit, and governance, paired with strong business judgment and a practical understanding of how technology, data, automation, and AI can improve control design, monitoring, evidence collection, and reporting. This individual will serve as the enterprise leader for second line controls, partnering closely with first line business and functional leaders, compliance, internal audit, finance, technology, information security, and data teams.This position will report directly to the Chief Compliance Officer(“CCO”).

What You Will Do:

Build and lead the second line control function

• Lead theexecutionof and contribute to the development of thesecond line of defense controlsstrategy, governancemodel, andfunctionalobjectivesin partnership with the CCO.
• Col-develop andimplementthestructure andvision for a modern, risk-based, and AI-enabled controls program that supports regulatory expectations and business resilience.
• Manage a team of control professionalsin compliance withoperating budget accountability
• Serve as the senior subject matter expert on enterprise controls, control governance, and control lifecycle management.
• Lead and influence stakeholders across the three lines of defense to promote clarity of roles, accountability, and consistency of execution.

Establishthe enterprise controls framework, tools, and templates

• Design and implement the enterprise controls framework for the second line of defense, including methodologies, standards, procedures, taxonomies, and documentation requirements.
• Develop andmaintainpracticaltools, templates, and guidancefor documenting processes, risks, controls,objectives, evidence, issues, and remediationplans and activities.
• Standardizeapproach to control identification, control design, design effectiveness assessment, and operating effectiveness monitoring.
• Recommendharmonized approaches tocontrolsmethodologies across risk disciplines whereappropriateforCCO endorsement, including control ratings, risk ratings, evidence standards, and issue escalation criteria.

Own the annual enterprise controls calendar

• Develop and manage theannual controlsactivitycalendarfor the enterprise to coordinate key second line activities across business and functional areas.
• Plan and sequence annual control activities, including walkthroughs, risk and control self-assessments, design reviews, testing cycles, issue validation, and reporting cycles.
• Coordinate with business, compliance, operational risk, finance, and other stakeholders to reduce duplication and improve discipline across the annual control lifecycle.

Conduct walkthroughs and self-assessments

• Lead or overseecontrol walkthroughsto confirm process understanding, risk identification, control design, documentation quality, and ownership clarity.
• Design andfacilitaterisk and control self-assessmentswith first line teams, ensuring consistentmethodologyand useful outputs.
• Assess whether controls are appropriately designed to address material risks, regulatory obligations, and policy requirements.
• Challenge first line assessments where needed and drive improvements to control documentation and control rationalization.

Assess control design and effectiveness

• Evaluate the adequacy of control design across key enterprise processes and functions.
• Develop a risk-based methodology for assessing bothcontrol design effectivenessandoperating effectiveness.
• Review control inventories toidentifygaps, overlaps, inconsistencies, and opportunities for automation or simplification.
• Ensure controls are documented clearly enough to support effective execution,evidenceretention, monitoring, and testing.

Monitor operating effectiveness and perform risk-based periodic testing

• Build and execute arisk-based monitoring and testing programfor second line controls oversight.
• Conduct periodic testing of controls to assess whether they areoperatingas intended, with clear reporting of findings, root causes, severity, and remediation actions.
• Define testing frequencies and scope based on risk, materiality, control maturity, regulatory considerations, and historical issues.
• Maintain procedures for issue tracking, management reporting, remediation validation, andescalation of material control weaknesses.

Drive AI-forward controls transformation

• Lead the adoption ofAI-enabled and technology-supported approachestocontrolsdocumentation, evidence collection, issue analysis, testing, and reporting.
• Evaluate and implement tools that improve scalability and insight, including workflow, GRC, automation, analytics, continuous monitoring, and dashboard capabilities.
• Partner with technology, data, and business teams to modernize the control environment and increaseuseof automated and embedded controls.
• Promotea controls-by-design and automation-first mindset across transformation initiatives. This is consistent with the automated-controls role’s emphasis on built-in controls, dashboards, continuous monitoring, and change leadership.

Integrate data, technology, and emerging risk considerations

• Ensure the controls framework appropriately addresses key operational, financial, technology, data governance, cybersecurity, and emerging AI/model/end-user-computing(“EUC”) risks.
• Work with data and technology teams to improve control traceability, data quality monitoring, access governance, and exception reporting.
• Support the incorporation of AI,modeland EUCgovernance considerations into the broadercontrolsenvironment where relevant.

Reporting, governance, and management communication

• Establish routine reporting for management committees and senior leadership on the health of thecontrolenvironment.
• Support the CCO inpreparation for, and whereappropriate, attendance atBoardAudit Committeemeetings.
• Develop meaningfulKRIs, KPIs, dashboards, and escalation triggersrelated to controls execution, testing results, issue trends, and remediation status.
• Support governance processes and committee reporting, including Board-level reporting whereappropriate.

What You Will Have:

Required

• Bachelor’s degree in finance, accounting, business administration, risk management, information systems, orrelateddiscipline.
• 10+ yearsof progressive experience in controls, operational risk, compliance, internal audit, risk management, financial controls, or related second line / assurance functions within a regulated industry.
• Significant experiencein insurance, reinsurance, financial services, investment management, or a similarly regulated environment.
• Strongpublic accountingexperience.Rotations withinnational professional standards oraudit quality standardspracticespreferred.
• Demonstrated success building or leading enterprise control frameworks, controls testing programs, or oversight functions.
• risk and control documentation.
• operating effectiveness monitoring and testing
• issue management and remediation.
• governance and management reporting
• Experience developing tools, templates, standards, and structured methodologies for enterprise use.
• Strong leadership, influencing, and cross-functional stakeholder management skills.
• Experience working with or overseeing GRC platforms, workflow tools, data analytics, or controls automation capabilities.
• Excellentwritten and verbal communication skills, including experience presenting to senior executives and governance committees.

Preferred

• Advanceddegreesuch as MBA or JD.
• Professionalcertificationsuch asCPA, CIA, CISA, CRISC, CFA, CISSP, or CISM.
• Experience in a reinsurance organization, particularly in settlements, actuarial,investments,finance, or shared services processes.
• Experience implementing or enhancing controls in technology-enabled environments, including data platforms, workflow tools, or control automation solutions.
• Exposure to AI, advanced analytics, model governance, or the use of AI to improve control execution and oversight.

Leadership Characteristics

• Strategic and hands-on; able to set directionand alsobuild practical solutions.
• Highly credible with senior business, functional, and control stakeholders.
• Structured, disciplined, and able to create order in a growing or evolving control environment.
• Comfortable operating in ambiguity and driving transformation.
• Strong judgment and the ability to balance rigor with pragmatism.
• AI-forward and innovation-minded, with an interest in using technology to make controls more effective, efficient, and scalable.
• Collaborative but willing to challenge constructively.

The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. 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.

Base Salary Range: $225,000 USD - $245,000 USD

At Fortitude Re, our strength has always come from our people. Our success is deeply rooted in our ability to embrace the unique attributes, perspectives and experiences of every individual within our company. Fostering a culture of inclusion and belonging where everyone—regardless of background, race, religion, sexual orientation or gender identity—feels valued and respected is a foundation of our culture.

We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.

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