Senior Risk Manager - L&H

About Risk Management

We live in turbulent and uncertain times, and Swiss Re's vision of making the world more resilient through both our investment and our business activities is needed now more than ever. Risk Management is uniquely positioned to help make Swiss Re itself more resilient, enriching risk taking by using our accumulated risk knowledge, perspective, and experience. We help identify risks worth taking as well as steer away from risks that could destabilize the business. We deliver accurate valuations of the business to ensure appropriate reserves are available as well as providing in depth views on how business is performing. In other words, we help ensure the profitability of Swiss Re so that we're around long-term to honor our promises.

About the team

Life & Health Risk Management team's vision is to "Boldly tackle tomorrow's challenges today". As a team we will strive to achieve this vision in everything we do, whether it is performing due diligence on a material transaction or preparing a report for a Risk or Senior Management Committee. We work globally, using each other's strengths and learning from each other. We will enable conscious and transparent risk-taking by proactively partnering and constructively challenging customers to facilitate sustainable business success.

L&H Risk Management will work closely with the first line to help avoid surprises and support commercial best practices. Risk Management encourages a culture that promotes risk awareness to challenge risk from every angle; intervening where necessary to take appropriate actions.

Position Summary

We are hiring a Senior Risk Manager to join the Life and Health Risk Management team. You will have the opportunity to acquire an overview of Swiss Re's risk taking and provide risk oversight across the Life and Health reinsurance business. The role encompasses both an Americas and global focus and you will work with colleagues from other regions.

Core responsibilities

Support business steering and monitoring

• Provide advice and an independent voice to help business partners balance strategy with appropriate risk management.
• Assess portfolio strategies and business plans for risk accumulation, utilization of risk limits, risk trends and mitigants, and operational & monitoring effectiveness.
• Be a representative for Risk Management in Smart Circles.
• Provide risk input to the L&H Re CRO on Market Unit business reviews.

Review Transactions review

• Review inbound transactions, in force optimization activities, external retrocessions and hedging solutions, and core innovation (distribution partnerships, product development, sustainability initiatives) proposals to support Risk Management's signature.
• Provide expert opinion to ensure risk capital is set appropriately, key risks are identified, reflected, and mitigated, and contractual terms safeguard prudent risk taking.

Leading and supporting costing assurance

• Lead and support assurance activities through participation in Insurance Risk Reviews and Terms of Trade Reviews

Promoting a risk aware culture

• Contribute to the maintenance of a comprehensive risk management framework, including proposing appropriate limits and ensuring reporting of the risk landscape to a variety of stakeholders.
• Support initiatives to improve Risk Management's infrastructure, models and methodologies (e.g., supporting internal model vetting, risk capital and Risk Adjustment factor reviews, governance of origination activities)
• Investigate key risk issues and topics relevant for L&H business (e.g., extreme risk analysis, pandemic risk and monitoring, L&H accumulations)

Cooperation and communication with stakeholders

• Foster strong relationships with a variety of stakeholders in the Market Unit, the global L&H functions, and other risk management, legal and compliance teams.

Position Requirement / About you

• Undergraduate university degree
• Actuarial qualifications (FSA, FCIA, FIA, FFA or recognized equivalent)
• 5-8 years experience in an Actuarial or Risk function

As a strong contributor and successful person in this role, you have:

• An extensive technical and commercial appreciation of L&H business. Knowledge of all the key products and services offered by Swiss Re and its competitors
• Business sense and appreciation of sound risk management and actuarial techniques
• Superior interpersonal and communication skills - you demonstrate a clear and articulate standard of written and verbal communication in a complex environment
• Excellent analytical, issue resolution, negotiating and influencing skills
• Ability to use experience and judgement with minimal supervision or direction; have the confidence and foresight to use own initiative
• Proven ability to work under pressure, across multiple functions and to prioritize tasks accordingly
• Experience in managing multiple stakeholders and dealing positively with ambiguity and conflict

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, including gender identity or expression, sexual orientation, age, marital status, veteran status, or disability status. Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

For Armonk the estimated base salary range for this position is $107,000 to $198,000. The specific salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

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Reference Code: 128470