Financial Risk Expert

Athora Belgium; Brussel Hoofdstad; Hybrid; EUR 85,000 - 110,000; Full time

Benefits offered by this job

Permanent contract

Hybrid work model (up to 3 teleworking

Athora Academy

Great holidays (at least 39 days)

Central location in Brussels area

Job summary

Athora is seeking a Financial Risk Expert to develop, maintain and support the financial risk management framework, with emphasis on investment and credit risks. You will engage with risk owners, drive stress testing, and contribute to ORSA and risk reporting.

You should have a Master in economics/finance/actuarial science or equivalent experience, strong quantitative skills, and fluency in English with French and/or Dutch. A permanent contract with hybrid work and generous holidays awaits.

Qualifications

• Master-level education or equivalent experience in finance or actuarial science.
• Strong knowledge of financial risk management within insurance.
• Proficient with Solvency II framework and its updates.
• Minimum 5–7 years in a similar role.

Responsibilities

• Lead and maintain the financial risk management framework with focus on investment and credit risks.
• Engage with risk owners to implement the framework.
• Responsible for stress and scenario testing framework for financial risks.
• Oversee Market Risk SCR review performed by the second line.
• Monitor and report Management Information to local and Group governance.
• Provide risk opinions on financial risks and new investments.
• Contribute to the ORSA process and reporting.

Skills

Financial risk management

Solvency II

Quantitative skills

English report writing

Education

Master in economics/finance/actuarial science

Job description

Within the Risk Management division, whose mission is to identify and assess the potential risks that could impact the company and to develop strategies to control and monitor those risks, we are looking for a financial risk expert who will act as an expert in developing, maintaining, and supporting the financial risk management framework—especially for investment and credit risks. About ten colleagues make up the whole Risk team and they are waiting to welcome you!

Your responsibilities:

• As Financial Risk Expert, you are responsible for e.g.: Leading, maintaining and developing the financial risk management framework with a clear focus on the investment and credit risks (policies, key risk indicators, limits).
• Engaging with financial risk owners to seek implementation of related framework.
• Being responsible for the stress and scenario testing framework related to financial risks.
• Being responsible for the Market Risk SCR review performed by the second line.
• Monitoring and reporting Management Information to local and Group governance.
• Providing risk opinions on financial risks and new investments.
• Contributing to the ORSA process and reporting write-up.

Your profile:

• You hold of a Master in economics, finance or actuarial science or the equivalent experience.
• You demonstrate relevant knowledge and expertise on Financial Risk Management within the insurance sector.
• You master the Solvency II framework and its evolutions.
• You have a minimum of 5-7 years of experience in a similar position.
• You have strong quantitative skills.
• You are fluent in French and / or Dutch.
• As part of your international contacts, you understand English and are able to write reports and emails in English.
• You show rigor, you are proactive.
• You adapt easily to changes and have a team spirit.
• You are highly organised, able to work to tight deadlines in a fast-paced environment and to manage conflicting priorities, in co-ordination with stakeholders.
• You have strong analytical skills with articulated communication skills.

Good reasons to join us:

• A permanent employment contract.
• A company on a human scale within a dynamic group where you can rapidly have an impact.
• Accessible management close to staff and a pleasant working environment.
• Many opportunities for development, thanks in particular to our Athora Academy.
• Balance between professional life and private life with generous holidays (at least 39 days a year), flexible working hours and up to 3 days’ teleworking a week.
• An attractive salary package plus various fringe benefits.
• Modern, bright offices conducive to collaboration.
• A central location in the Porte de Namur district, accessible by train and public transport and with parking facilities available if needed.
• Last but not least… a sunny terrace, afterworks between colleagues, teambuildings, an annual staff day and many other events to discover…

Athora is a leading provider of guaranteed products in the European savings and retirement services market. We operate through primary insurance businesses in the Netherlands, Belgium, Germany and Italy, and reinsurance operations in Bermuda and Ireland. At end of 2024, we had €76 billion of Assets under Management and Administration (AuMA), approximately 2.8 million customers, and c.1,500 employees across Belgium, Bermuda, Germany, Ireland, Italy, the Netherlands and the UK.

As we continue to expand our footprint in the European life insurance market in support of our growth strategy, we are looking for driven, team players to join us on our journey. We welcome applicants who are guided by our shared values; Dare to be Different, Seek Simplicity, Care and Do the Right Thing and in return we offer a dynamic and collaborative work environment.