Job TitleAVP, Risk Governance and Reporting

Job DescriptionThe AVP, Risk Governance and Reporting will play a key part in supporting

Pacific Life Re’s

changing risk profile, setting risk appetites and analysing balance sheet impacts from stress and scenario analysis.

The role will be instrumental in the oversight and monitoring of

Pacific Life Re’s

risk management framework. The role is varied and dynamic, with work contributing to key strategic and operational initiatives. The role focuses on:Development of the risk management framework including responding to changing BMA regulatory requirements and implementation of risk appetitesLeading the annual Commercial Insurer’s Solvency Self-Assessment (“CISSA”) process incorporating analysis of internal capital needs and developing stress and scenariosSupporting the CRO with preparation of materials for the Bermuda Boards and

Enterprise Risk CommitteeThe successful candidate should have a strong background in capital analysis acquired within a life insurance or reinsurance company. You should also have excellent analytical and problem-solving skills, as well as the ability to work collaboratively with others.This role will involve working with senior stakeholders across the business, across all legal entities and offices including close collaboration with the wider risk team in Newport Beach.Core DutiesRisk frameworkDevelop the risk framework and manage risk policiesEvaluate BMA regulatory changes and implement these changes within our global risk management frameworkInvestigate differences in capital frameworks to drive optimal ALM and new business appetitesDevelop Divisional Risk MI to recommend and refine KRIs including solvency, liquidity and non-financial risksParticipate/present at Division Risk Management Committee and Capital Management CommitteeCISSALead the annual CISSA with support from the Risk ActuaryDevelop appropriate stress and scenario analysis to derive meaningful insights on internal capital needsPresent the CISSA report at the Division Risk Management CommitteeBermuda entitiesSupporting the CRO with preparation of materials for the Bermuda BoardsSupport the development of a Bermuda legal entity capital stress testing frameworkEnhance Resolution planning for the Bermuda entities as RGBM/RIBM meet threshold criteria in 2025Develop necessary climate change disclosuresSupport Finance team with year-end regulatory submissions and reportingRisk teamTeam management for one direct report, supporting their developmentSupport the Risk Actuary in their role as Division Risk Management Committee secretaryQualifications and ExperienceEssentialA relevant professional qualification with at least 10 years’ business experienceLife insurance or reinsurance industry experienceActuarial qualificationAbility and confidence to provide robust challenge to colleagues, including senior management, and a willingness to challenge the status quoAbility to communicate complex concepts and information to a variety of stakeholders (management, regulators, board, staff) both orally and in writingDesirableFamiliarity with capital bases and financial reporting standards such as BMA and US GAAPUnderstanding of risk management frameworksKnowledge and awareness of BMA regulationWorking For Pacific Life ReEvery person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team''s connection with each other and reflect on their successes.Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee''s involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.Benefits (Only for Permanent and Fixed Term Employees)Leave25 days of annual leave with option to buy/sell more days

Adoption and fertility leave

Generous enhanced parental leave

HealthcareComprehensive private insurance coverage for employee and dependents

Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary

Optical benefits

Savings and Retirement15% combined employee/employer contributions

WellnessSubsidized gym membership

Access to Employee Assistance Program

Cycle to Work and Electric Car Salary Sacrifice Scheme

Time off for volunteering

Charitable matching of employee donations

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.Pacific Life Re ValuesPlease click here to view our company values

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