Risk Manager

Munich Re (MR) is a global leader in reinsurance and risk solutions. We are looking for a Risk Manager to join Munich Re Beijing (MRBJ) risk team. In this role, you will implement, maintain, monitor, and enhance risk management framework for MRBJ, support risk initiatives & tasks from MR Group and local regulators in China. You will report to the Chief Risk Officer of MRBJ, and plays a key role in strengthening risk governance, enabling informed business decisions, and promoting a strong risk culture across the entity.

Your Role

Group Risk Management Framework

• Develop, implement and maintain the branch risk management framework in line with Munich Re Group’s overarching standards.
• Establish and monitor key risk measures, controls, risk appetites and KRIs.
• Further develop and implement Non-Financial Risks such as risk and control self-assessments, business continuity management, information security management, third-party risk management, among others in compliance with both Munich Re Group standards.
• Strengthen integration between business planning, annual stress testing, capital and risk processes.
• Maintain high-quality documentation of methodologies, procedures and processes.

Chinese Regulatory Requirements

• Align local policies, guidelines and practices with regulatory frameworks including C-ROSS, SARMAR, IRR, and other regulatory rating schemes.
• Handle and coordinate any regulatory requests/reports or inspections both off-site and on-site as related to risk in MRBJ.

Business Partnering & Risk Deep-Dives

• Provide timely, independent risk insights to support business decisions.
• Conduct ad-hoc deep-dive risk assessments and recommend mitigation strategies.
• Drive effective risk identification and promote acceptance of assessments by business stakeholders.
  
  

Risk Culture, Awareness & Training

• Build strong working relationships to promote a culture of risk ownership, understanding and action.
• Develop and deliver risk training and awareness initiatives.
  
  

Risk & Capital Reporting

• Prepare and enhance regular risk and capital reports for ExCom and other stakeholders as required.
• Ensure reporting consistency, clarity and timeliness as frameworks evolve.

Your Profile

• Tertiary qualifications in actuarial science, business/commerce or a risk management–related field.
• 7+ years’ experience in capital management, risk management or related functions in China.
• In-depth understanding of the Life/Non-Life insurance/Reinsurance industry in the areas of risk management, or consulting.
• Exceptional knowledge of and extensive practical experience with Chinese regulatory framework and regime, C-ROSS, SARMRA, IRR, and other regulatory rating schemes and practice.
• Previous liaison experience with National Financial Regulatory Administration (China) a plus.
• Strong analytical skills, sound judgement and the ability to propose practical solutions.

• High commercial acumen with the ability to provide clear advice in complex situations.
• Excellent stakeholder management and influencing capabilities.
• Adaptability, collaboration skills and commitment to continuous improvement.

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.