Madrid Senior Financial Risk Manager – 2nd Line of Defense

Munich Re Group; Madrid; Hybrid; EUR 90,000 - 120,000; Full time

Benefits offered by this job

Competitive base salary

Bonus incentives

Hybrid/onsite work options

Job summary

American Express in Madrid is seeking a Senior Manager for Financial Risk Management to strengthen the second line of defense across AEESA & AEPE Legal Entities. You will identify, measure, report and challenge risk, aligning risk frameworks with international and local requirements while supporting governance.

The role requires 5+ years in risk leadership, English fluency, and a strong regulatory mindset. The position offers hybrid work in Madrid with competitive compensation and benefits.

Qualifications

• 5+ years of leadership experience in risk management or a similar role.
• Experience interacting with regulators and familiarity with Spanish and Europe regulatory landscape.
• Fluency in English (verbal and written).
• Advanced degree in business, economics, engineering, or a related field is preferred.

Responsibilities

• Participate in Risk Appetite Framework (RAF) refresh process and align Intl. Legal Entities (ILE) Financial Risk metrics with Enterprise where possible.
• Provide Financial Risk credible challenge to Legal Entity projects, strategies and in the Change Advisory Forums.
• Understand and speak to the Financial Risk profile of the LE based on data and reporting.
• Act as main point of contact for Financial Risk for LE regulator, Audit and ILE Leadership, and requests for Financial Risk program/results.
• LE specific committee Financial Risk representative, and point of contact for Financial Risk at LE board meetings (as required).
• Own ILE R Financial Risk policies and frameworks, where required.
• Influence Enterprise Financial Risk and Policies/Programs to fit ILE and support deployment.
• Advise business on applicability and effective execution of Financial Risk frameworks.
• Coordinate with enterprise Risk Lead on 2nd Line testing and support ILE testing.
• Ensure appropriate communication of risks between ILE and Enterprise.
• Support the ILE Chief Risk Officer in oversight duties aligned to Risk Governance Framework.
• Review, approve and challenge models impacting the ILE.
• Lead a Financial Risk analyst.

Skills

Leadership

Risk management

Regulatory knowledge

English fluency

Communication

Education

Advanced degree preferred

Job description

American Express in Madrid is seeking a Senior Manager for Financial Risk Management to strengthen the second line of defense across AEESA & AEPE Legal Entities. You will identify, measure, report and challenge risk, aligning risk frameworks with international and local requirements while supporting governance.

The role requires 5+ years in risk leadership, English fluency, and a strong regulatory mindset. The position offers hybrid work in Madrid with competitive compensation and benefits.