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(Senior) Risk Manager (m/f/d)

Location Zurich, Switzerland Job type Full-Time Work mode Hybrid Job level Professional Job ID 12013 Company NewRe Employment type Regular Area of expertise Actuarial & Risk Management
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New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurer founded in Zurich in 1926. As a company within the Munich Re Group, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of intelligent reinsurance products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty products. Our clients highly appreciate our swift and pro-active approach when responding to their needs and market developments.

We are looking for an experienced, collaborative Risk Manager to join the risk management team, reporting to NewRe’s Chief Risk Officer. You will be responsible for coordinating the model validation and driving the market value margin component of the internal risk model.

Your responsibilities

  • Contribute to the annual SST and ORSA reporting
  • Perform quarterly and ad-hoc capital calculations including control and documentation standards
  • Be responsible for the market value margin component in NewRe’s SST risk model
  • Coordinate the holistic internal model validation
  • Contribute to defining the overall Risk Strategy and Risk Management Framework
  • Support other team members and staff in capital modelling and actuarial techniques
  • Support NewRe’s non-financial risk management framework
  • Liaise with relevant departments of Munich Re on model and validation support and consistency

Your Profile

Skills and experience

Essential

  • University degree in mathematics/science, or related quantitative subject
  • At least 5 years of experience in the re/insurance industry
  • Substantial experience in SST risk reporting and ORSA
  • Very good knowledge of the principles of market conform valuation and local statutory regulations
  • Substantial knowledge of the Swiss insurance regulatory framework (Insurance Supervision Act, Insurance Supervision Ordinances, relevant FINMA Circulars)

Desirable

  • Good presentation skills
  • Extensive experience with internal SST or Solvency II models
  • Advanced skills in Excel / VBA
  • Experience in R, Python or MATLAB
  • Basic knowledge of software lifecycle tools (e.g., Git, Azure DevOps)
  • Tertiary qualification e.g., Actuary, CERA, CFA, FRM

Competencies

  • Strong analytical thinker
  • Excellent organisational skills
  • An eye for detail combined with the ability to recognise the wider implications
  • Good communication and interpersonal skills
  • Pragmatic
  • Team player
  • Independent working style
  • “Can do” attitude
  • Excellent command of English, German and/or French would be an asset

Your future benefits

Our employees are our greatest asset. We therefore offer them a wide range of benefits and a modern working model appreciating its positive impact on our business achievements and personal wellbeing:

  • Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better
  • Compensation: our individual compensation packages are commensurate with experience and market-competitive and our commitment to equal treatment of all employees is reflected in our pay practice that has been awarded the attestation for equal pay by Willis Towers Watson (following the Swiss Federal Act on Gender Equality)
  • Work-life balance: promoting the compatibility of family and work throughout flexible hybrid working model
  • Continuous learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth
  • Health management: focus on your physical and mental health far beyond legal requirements

To learn more about us, check out www.newre.com. If you embrace challenges and want to grow with our customers and partners, we look forward to receiving your application by clicking on the button "Apply online".

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