Risk Manager Bermuda

Overview

The Risk Management function is critical to Enstar. The function’s deliverables include quarterly risk reports, annual regulatory risk reports such as the Group Solvency Assessments (GSSAs), Commercial Insurer’s Solvency Self‑Assessment (CISSAs) and Own Risk and Solvency Assessments (ORSAs), as well as other ad‑hoc regulatory risk reporting. The Risk Function operates under the Enstar ERM Framework, which identifies key risks to the business.

The purpose of this role is to support the execution of the Enstar ERM Framework within the Non‑Life Run Off (“NLRO”) entities, ensuring effective processes are in place to meet the requirements of the Board(s) and regulators, including generation of accurate and timely risk reporting at Risk Committees and Boards and ad‑hoc support for projects.

• Support the newly implemented cross‑regional ERM Reporting/Operations staff pooling structure, managing resources across the group.
• Demonstrate flexibility under the staff pooling structure, working on initiatives across the Group under Senior Managers to whom you do not report.
• Assist Group Reporting & Bermuda Senior Risk Manager in preparing quarterly and annual risk reports in Bermuda, the US and UK/EU, ensuring delivery to the agreed timetable and of high quality.
• Generate concise summaries of key risk‑related information for senior management, including risk and control assessments, incidents and risk metrics.
• Interpret and validate material, conduct trend analysis of risk metrics within the wider Risk Appetite Framework, incorporating company or industry intelligence.
• Maintain infrastructure of risk management processes for monitoring risk across relevant entities.
• Support maintenance and reporting on the risk appetite framework, ensuring accuracy of information presented to senior management.
• Ensure compliance with risk management regulatory requirements across jurisdictions.
• Liaise and report to Enstar Risk Management to align with Group‑wide ERM objectives and keep up‑to‑date risk information for the Solvency Self‑Assessment Process.
• Collate and prepare Management Committee packs, generate minutes, track remediation actions and report progress.
• Oversee and challenge entities’ systems, processes and controls in respect of risk management.
• Support the quarterly Risk and Control attestation process, following up on relevant risks and owners.
• Work with the first line on operational incidents and root cause analysis.
• Contribute to risk management projects and deep dives as directed by the Regional CRO or other assignments.
• Own discrete risk initiatives and projects, ensuring timely delivery at high quality.
• Promote a culture of risk awareness within Enstar.
• Perform other duties as reasonably required by Enstar.

• Independent work style within a multidisciplinary, multi‑regional team, collating materials from various contributors.
• Strong project management skills, coordinating multiple reporting deadlines across jurisdictions.
• Personable, confident, and experienced in building relationships with key business stakeholders.
• Occasional presentation to business and leading meetings.
• Ability to identify key risk drivers and escalates to team members.
• Confidence to suggest improvements to reporting processes and provide constructive challenge.
• Proactive in developing positive working relationships across cross‑functional teams.
• Excellent verbal and written communication and presentation skills; distil key risk information into concise reports.
• Excellent quantitative and analytical skills.
• Listening skills, probing questions, flexibility, decisiveness, collaborative working.
• Strong organisational skills, ability to meet agreed deadlines within a flexible, pooled team structure.
• Results‑driven approach.

• Insurance and/or risk management professional qualification preferred (not essential).
• Good understanding of insurance terminology and associated risks.
• Practical experience of Risk Management / ERM within the insurance industry.
• Awareness of issues affecting legacy insurance market and managing legacy business.
• Knowledge of…