About the Role
This leadership role reports to the Group CRO and directly to HMA/HIDAC CEOs and Boards, focusing on developing strategic risk management and ensuring top-class risk management across the Hamilton Group. Success requires proactive communication with stakeholders and compliance with regulatory environments, particularly the PRA and CBI.
Responsibilities
- Develop, implement, maintain, and raise awareness of an effective enterprise, emerging, and operational risk framework, ensuring compliance with regulatory requirements and standards.
- Develop and maintain policies and procedures for the ERM function.
- Maintain and update risk registers for entities across the group, ensuring clear risk taxonomy and definitions.
- Oversee and monitor the implementation and execution of the Internal Control Framework and Risk and Control Self-Assessment (RCSA) process across the HGS platform.
- Provide support and challenge to the business to maintain Hamilton’s control environment.
- Articulate key risks to senior management and relevant governance forums, identifying areas for process/control improvement.
- Support key operational initiatives including business continuity planning, disaster recovery, information security, and operational resilience.
- Produce ERM reports for subsidiary Risk Committees, Boards, and other committees.
- Administer the process for capturing loss events and near misses, investigating and documenting root causes of incidents and planned remedial actions.
- Contribute to the design, implementation, and maintenance of Hamilton’s GRC system, focusing on the Risk & Compliance workspace.
- Provide training to the business to support a strong risk culture.
- Co-ordinate the production of annual ORSA reports.
- Develop, implement, and maintain a process for identifying, assessing, and monitoring emerging risks.
- Act as an advocate and example of the Hamilton target culture, driving culture, values, and talent management.
- Foster an environment of support and collaboration, providing guidance to the business.
- Collaborate, influence, and build relationships at all levels, internally and externally, to enhance strategic success.
- Manage the risk management function and monitor the effectiveness of the insurance undertaking’s risk management system.
- Manage the entity risk function and report directly to the entity Board on risk management matters.
- Ensure entities have an effective risk management framework compliant with local requirements and standards, including appropriate policies and procedures.
- Produce entity-level annual ORSA and any ad hoc ORSAs.
- Ensure effective processes are in place to identify, manage, and monitor risks, including emerging risks.
- Promote a sound and effective risk management culture at all levels.
- Facilitate the setting of risk appetite by entity Boards and ensure it is monitored.
- Provide comprehensive and timely information on material risks to entity Boards, Risk Committees, and other committees.
- Stay updated on industry trends, regulations, and best practices for compliance and innovation.
- Responsibility for implementing the Own Risk and Solvency Assessment (ORSA) process.
- Responsibility for the calculation of the company’s capital requirement (with input from Finance).
Requirements
- Experience in developing and implementing enterprise risk management frameworks.
- Knowledge of regulatory environments, particularly PRA and CBI.
- Experience in managing risk registers and internal control frameworks.
- Familiarity with business continuity planning, disaster recovery, information security, and operational resilience.
- Experience in producing risk reports for governance bodies.
- Experience with GRC systems.
- Experience in coordinating ORSA reports.
- Experience in identifying, assessing, and monitoring emerging risks.
- Experience in fostering a strong risk culture.
- Experience in collaborating and influencing stakeholders at all levels.
- Experience in managing an entity risk function and reporting to a Board.
- Experience in facilitating risk appetite setting and monitoring.
- Experience in staying updated on industry trends and best practices.
- Experience with capital requirement calculations.
Skills
- Risk Management
- Enterprise Risk Management (ERM)
- Operational Risk
- Emerging Risk
- Regulatory Compliance
- Policy Development
- Procedure Development
- Risk Register Management
- Internal Control Frameworks
- Risk and Control Self-Assessment (RCSA)
- Business Continuity Planning
- Disaster Recovery
- Information Security
- Operational Resilience
- GRC Systems
- Own Risk and Solvency Assessment (ORSA)
- Risk Culture Development
- Stakeholder Management
- Communication
- Collaboration
- Influence
- Relationship Building
- Regulatory Engagement
- Capital Requirement Calculation
Location
- Bermuda
Work Type
- Full-time
Experience Level
- Leadership
- Senior
About the Company
- Hamilton is a global specialty insurance and reinsurance underwriter with three underwriting platforms: Hamilton Global Specialty, Hamilton Select, and Hamilton Re.
- Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US, and Dublin.
- The company offers a vibrant, entrepreneurial, and collaborative workplace shaped by its values: Be Smart, Be Sensible, Be Open and Be More.
- Hamilton fosters an inclusive, supportive, and empowering culture that embraces individuality and values diverse perspectives.
