Chief Risk Officer

Relm Insurance; Hamilton; On-site; CAD 150,000 - 200,000; Full time

Job summary

A forward-thinking insurance provider is seeking a Chief Risk Officer who will oversee risk strategies and ensure compliance, working closely with leadership. The ideal candidate brings over 15 years of experience, including 5+ years focusing on enterprise risk management and holds a relevant Master's degree. This role emphasizes a collaborative and innovative culture, offering opportunities for professional development and a comprehensive benefits package.

Benefits

Full Payroll Tax & Social Insurance Coverage

Comprehensive Insurance Plans

Generous Pension Contributions

28 days Paid Time Off

Professional Development Opportunities

Travel Benefits

Wellness Benefits

Flexible & Family-Friendly Work Environment

Qualifications

• 15 years of experience in insurance/reinsurance with 5+ years in enterprise risk management.
• Highly developed communication skills and project management experience.

Responsibilities

• Identify, assess, and prioritize risks faced by the company.
• Ensure compliance with laws and regulations in the insurance industry.
• Develop strategies to mitigate identified risks.
• Monitor key risk indicators and report on risk exposure.

Skills

Leadership

Risk Management

Strategic Thinking

Communication

Project Management

Education

Master’s degree in a quantitative discipline

Recognized actuarial accreditation

Job description

WHO WE ARE

Domiciled in Bermuda, with offices in London, Miami, New York and Dubai, Relm Insurance Ltd. (“Relm”) is the first IIGB (Innovative Insurer General Business) insurer regulated by the Bermuda Monetary Authority (“BMA”). Since inception, Relm has remained focused on its Vision of “Making Innovation Resilient” by providing insurance to companies pioneering new technology frontiers in over 35 countries around the world. Relm’s dynamic global team has executed market-leading insurance solutions for companies operating in web3, AI, financial technology, biotech and other important emerging sectors.

WHAT WE ARE LOOKING FOR

At Relm Insurance Ltd, our Mission is “To contribute to the building of the future by creating solutions for complex risks in innovative markets.” As we continue leading the way in emerging industries, we’re looking for a Chief Risk Officer to join our team and play a key role in this mission.

At Relm, we believe in fostering a diverse and inclusive culture, where everyone is empowered to bring their unique perspectives and ideas. Our core values of Accountability, Collaboration, Curiosity & Creativity, and Courage & Optimism are central to who we are, and we strive to bring these values to life every day.

We bring these values to life every day — whether by collaborating on innovative solutions, tackling challenges with optimism, or pushing boundaries with creativity and courage.

Reporting directly to Global CEO/President, the Chief Risk Officer will oversee and manage all aspects of risk within the organization to ensure its financial stability and compliance with regulations and the Group level. The CRO will play a critical role in safeguarding the financial health and reputation of Relm by proactively identifying, assessing, and managing risk across the organization, working together with the rest of Relm’s leadership team to help the Company achieve its Goals, Objectives, and Key Results, which are focused on Diversification, Capital Strength, Global Expansion, Innovation, Corporate Social Responsibility, and Customer Obsession.

The CRO will be directly involved with the global leadership team’s group strategy and will be involved in regional and global (1) regulatory initiatives (2) underwriting (3) sales and marketing (4) operations and (5) corporate development, including capital raising, M&A and venture investments.

WHAT YOU WILL DO

• Risk Assessment and Management: Identify, assess, and prioritize risks faced by the company, including insurance underwriting risks, investment risks, operational risks, and regulatory risks. Develop strategies to mitigate these risks effectively.
• Regulatory Compliance: Ensure the company complies with all relevant laws, regulations, and industry standards governing the insurance industry. Stay updated on regulatory changes and communicate them to relevant stakeholders within the company.
• Risk Governance: Establish and maintain risk management policies, procedures, and frameworks. Oversee the implementation of risk management processes across the organization.
• Risk Monitoring and Reporting: Monitor key risk indicators and performance metrics to track the company's risk profile. Prepare regular reports for senior management, the board of directors, and regulatory authorities on the company's risk exposure and mitigation efforts.
• Stress Testing and Scenario Analysis: Conduct stress tests and scenario analyses to assess the company's resilience to adverse events and economic conditions. Use the results to inform strategic decision-making and capital planning.
• Insurance Product Development: Provide input and guidance on the development of new insurance products and services, ensuring they align with the company's risk appetite and regulatory requirements.
• Reinsurance Strategy: Collaborate with the SVP of Reinsurance to develop reinsurance strategies to transfer and diversify risks, optimize capital utilization, and enhance the company's overall risk profile.
• Enterprise Risk Management (ERM): Lead the company's ERM efforts, integrating risk management practices into all aspects of the business operations and decision-making processes.
• Risk Culture and Awareness: Promote a strong risk culture within the organization by fostering awareness of risk management principles and encouraging open communication about risk issues at all levels of the company.
• Crisis Management: Develop contingency plans and protocols to respond effectively to crises or unexpected events that may pose significant risks to the company's operations or financial stability.
• Collaboration and Stakeholder Management: Collaborate with other departments, including underwriting, finance, compliance, and legal, to address cross-functional risk management challenges. Build and maintain relationships with external stakeholders, such as regulators, rating agencies, and reinsurers.
• Professional Development: Stay abreast of industry best practices, emerging risks, and technological advancements in risk management. Invest in the professional development of yourself and your team to enhance the company's risk management capabilities.

WHAT YOU BRING TO THE TABLE:

• Master’s degree in a quantitative discipline.
• Holder of a recognized actuarial accreditation or insurance risk management qualification
• A minimum of 15 years of experience in a leadership position in an insurance and/or reinsurance company with at 5+ years dedicated to enterprise risk management.
• Ability to collaborate with senior managers, recognizing the dynamic operational tempo and time constraints within the company.
• Highly developed communication skills, a team player, change agent, strategic and creative thinker.
• Excellent project management skills and the ability to drive performance across all areas within the organization.
• Experience working with, regulators and rating agencies.

WHY YOU’LL LOVE WORKING WITH US

At Relm, we are not just another insurance company – we’re a team of innovators, creators, and collaborators who are redefining what’s possible in the industry. We value each individual’s unique skills and experiences and offer a workplace where creativity, innovation and diversity are at the heart of everything we do.

We are deeply committed to fostering an inclusive culture where every team member feels valued, supported, and empowered to do their best work. At Relm, you will have the opportunity to grow in your career, play a role in an industry transformation,and contribute to a team that celebrates creativity, collaboration, and innovation.

WHAT WE OFFER

· Full Payroll Tax & Social Insurance Coverage: The company covers 100% of your payroll tax and social insurance, ensuring your financial security and peace of mind.

· Comprehensive Insurance Plans: We provide 100% coverage for your health, dental, and life insurance, keeping you and your loved ones well protected.

· Generous Pension Contributions: The company contributes 5% of your pensionable earnings, helping you plan and secure your financial future.

· Paid Time Off (PTO): You will accrue 28 days of Paid Time Off (PTO), giving you the flexibility to take vacation, sick leave, or personal time.

· Professional Development Opportunities: We invest in your career with training, development programs, and mentorship to help you grow and achieve your professional goals.

· Travel Benefits: Enjoy travel perks such as commuting and parking benefits to make your daily commute easier and more convenient.

· Wellness Benefits: Stay healthy and active with wellness perks, including gym memberships and access to exercise classes, designed to support your well-being.

· Your Voice Matters: Work in an environment where your ideas and opinions are not just heard but valued and crucial to our team’s success.

· Endless Growth Opportunities: Benefit from a multitude of career growth opportunities, ensuring you have the resources and support to advance within the company.

· Flexible & Family-Friendly Work Environment: Embrace a hybrid approach to work that provides flexibility and supports a balanced, family-friendly lifestyle.

At Relm, you won’t just join a company - you’ll be part of a team that’s shaping the future. If you’re ready to make an impact, we’d love to hear from you.