Chief Risk Officer - Seven30 Re

Chief Risk Officer - Seven30
This executive position leads the build out and ongoing oversight of the enterprise risk management (ERM) framework for a newly formed Bermuda reinsurance company, including the company's risk framework, policies, and appetite, and is responsible for identifying, measuring, monitoring, and managing risks across the organization, ensuring compliance with Bermuda regulatory requirements, and providing strategic risk guidance to senior management and the Seven 30 Re Board of Directors. The role provides independent second-line review and challenge of proposed reinsurance transactions, including transaction structure, pricing assumptions, capital implications, and alignment with the company's risk appetite framework.  Seven30 Re is a Bermuda-based reinsurer owned by TIAA and is expected to support affiliated reinsurance activities as well as selected third-party reinsurance opportunities.

This executive serves as the company's senior risk executive and provides independent second-line oversight and challenge of the company's capital adequacy, liquidity position, asset-liability management, investment activities, credit exposures, stress testing, and solvency management framework. The role balances prudent risk management with the pursuit of sustainable performance and competitive advantage in the reinsurance market while maintaining the independence required of a second-line function. The successful candidate will bring significant experience in life and annuity (re)insurance, including asset-intensive liabilities, and be capable of providing effective independent challenge of pricing, assumptions, capital implications, and transaction structures.

Key Responsibilities and Duties

• Designs, implements, and oversees a comprehensive enterprise risk management framework, including risk management policies, procedures, risk registers, and risk appetite statements aligned with TIAA's enterprise framework.
• Provides independent second-line review and challenge of reinsurance transactions, sidecars, and related strategic opportunities, including assessment of key risk exposures, pricing and assumption reasonableness, capital implications, downside scenarios, and consistency with the company's approved risk appetite framework.
• Owns the development, documentation, and filing of the CISSA and related regulatory submissions, and provides independent assessment and challenge of the company's solvency position, BSCR methodologies, and capital adequacy monitoring. Serves as a primary risk contact for the BMA.
• Establishes robust risk identification, assessment, control activities, and monitoring mechanisms covering all key risks, with particular focus on reinsurance and liability risk, asset-liability matching, investment risk, valuations, capital adequacy, and liquidity management.
• Leads operational and outsourcing risk measurement, monitoring, and mitigation initiatives.
• Provides second-line oversight of operational, technology, cyber, and model risk, leveraging TIAA enterprise capabilities.
• Develops comprehensive risk committee reporting packages, delivers regular risk reporting to senior management and the Board, and maintains effective relationships with Board committees.
• Partners closely with key business functions (e.g., Actuarial, Investment, Finance & Accounting, Legal, Operations) on risk matters while preserving the independence of the risk function.
• Stays current with regulatory changes, industry trends, and emerging risks affecting the reinsurance sector.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 10+ Years Required

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
11PL

Preferred Qualifications

• Actuarial credential (FSA, ASA, FIA, or equivalent) preferred but not required.
• Demonstrated ability to independently assess reinsurance risk and to evaluate the risk and pricing of reinsurance transactions

• Substantive Bermuda regulatory experience, including direct BMA interaction and CISSA development and filing

• Experience establishing risk frameworks and producing analysis and regulatory filings directly in a newly formed or scaling entity

• Experience in life insurance, annuity, retirement, or asset-intensive reinsurance businesses.

Anticipated Posting End Date:

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

Every worker deserves a secure retirement. For more than 100 years, TIAA has delivered it for millions of people. Founded to help educators retire with dignity, today weʼre a market-leading retirement company fueled by world-class asset management. But weʼre not just another legacy financial services firm. Weʼre fighting harder than ever before for our clients and the many Americans who need us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because when our people succeed, our impact on clients' lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review ourBenefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on ourcareers home page, and you can read more about your rights and view government noticeshere.

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TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email:accessibility.support@tiaa.org

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TIAA maintains a drug-free and smoke/free workplace.

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