Deputy Director, Resolution
Description
Deputy Director
Resolution Department
The Bermuda Monetary Authority (Authority or BMA) is seeking the
services of a skilled and capable individual to work as a Deputy Director
in our newly established Resolution Department. Reporting to the Senior
Advisor, the Deputy Director will be responsible for leading the design
and delivery of a robust and credible resolution regime to effectively
manage the failure of firms that are members of Bermuda’s Deposit
Insurance Scheme (DIS), reduce the risk to the public of financial loss
and protect Bermuda’s financial stability. The Deputy Director will be
responsible for leading the department’s development and delivery of
frameworks for DIS scheme members. This will include working with
both internal and external stakeholders to develop an implementation
roadmap and lead the Authority’s deliverables. The incumbent will be
responsible for leading the development of resolution plans for entities
within the scope of the regime.
This is a key role for the Authority, and the postholder will be
responsible for, but not limited to:
• Delivering thought leadership and serving as a champion and
subject matter expert for resolution
• Collaborating with internal and external stakeholders in
designing and implementing a resolution framework for members
of Bermuda’s Deposit Insurance Scheme (DIS), including
delivering desired public policy objective outcomes, anticipating
implementation challenges and identifying associated risks and
mitigation strategies
• Identifying the required legal and regulatory aspects of the
resolution frameworks, working with banking supervision and the
departments responsible for policy development and legal services,
as well as domestic partners including the Bermuda Deposit
Insurance Corporation (BDIC) and Ministry of Finance (MoF)
• Representing the Authority in building and maintaining key
external relationships, including with the Bermuda Government,
BDIC, industry partners and other National Competent Authorities
(NCAs)
• Leading and participating in Crisis Management Groups for
deposit takers and insurers, as required
• Creating project plans for the design, development and
implementation of the frameworks, including milestones,
resources, dependencies and challenges, monitoring quality and
progress, identifying and resolving issues and ensuring deliverables
are complete and timely
• Leading the identification, design and delivery of data analytics
requirements for effective resolution regimes, in collaboration with
internal and external stakeholders
• Providing technical advice and guidance to regulated entities on
the interpretation and application of requirements
• Engaging with other departments on the continuous improvement
of the framework, with respect to new, proposed, or revised
legislation, regulations, policies, procedures and guidance
• Creating and delivering internal training on resolution, as required
• Performing other related work and special projects related to the
design and delivery of a robust and credible resolution regime for
Commercial Insurance and Reinsurance Companies as assigned by
management in accordance with competencies normally associated
with the post
This position requires a proven technical and business background;
therefore, the postholder must have:
• A master’s degree in law, business, finance, or a related field;
or an equivalent qualification in law, business or finance from a
recognised professional body
• Minimum of twelve (12) years of relevant experience, of which at
least five (5) years should be within a financial services regulator
or central bank
• Knowledge and experience with the legislation and regulations
governing recovery and resolution of financial services entities,
including the regulatory perimeter and associated governance
requirements
• Knowledge of review, analysis and assessment principles, practices
and tools (e.g., diagnostic, monitoring, assessment) and of financial
institution business structures, operations and governance to
identify potential resolution options
• Demonstrated project management experience – planning,
leadership, risk and issue management – with strong organisational
skills and the ability to prioritise multiple tasks and assignments
through effective time management
• Knowledge of current developments in national and international
recovery and resolution frameworks
• Forward-thinking, collaborative leadership capability, able to
consult effectively with key constituents and become a recognised,
valued resource
• Strong written and verbal communication and presentation skills,
with strong executive presence and strategic thinking to anticipate
future changes in the broader environment
• Dynamic, flexible demeanour with exceptional stakeholder
relationship management and client service skills, adapting
communication to audience needs (e.g., simplifying complex
messages)
• Research, risk assessment and analytical skills to review resolution
practices in other jurisdictions and determine the most effective
framework for Bermuda, underpinned by strong commercial
acumen to understand the economic impact of resolution
framework options
• Experience resolving for a financial institution will be beneficial
If you are looking for a challenging opportunity in a team environment,
we invite you to submit your application via our ‘Careers at BMA’ page at
www.bma.bm/vacancies. Applications for this position must be received
no later than 11 September 2026.
Bermuda Monetary Authority is an Equal Opportunity Employer
BMA House | 43 Victoria Street, Hamilton HM 12 | [email protected] |
(441) 295 5278