Credit Risk Manager

Job Summary

The Group Investment Office oversees the management of the invested assets of SCOR Group. Within the Group Investment Office, the Group Investment Risks and Control team is in charge, for the Group and the entities, of monitoring market and credit risks (quantitative and qualitative) borne by SCOR's invested assets portfolios, as well as ensuring the compliance of the invested assets portfolios.

The Credit Risk Manager is in charge of all topics related to credit risk on SCOR invested assets portfolio with a strong focus on financial risks that may arise in a foreseeable future due to evolution of issuers risk profile or market deterioration. SCOR's assets are invested worldwide and in a broad range of asset classes. Credit exposures cover mainly fixed income securities, loans and securitized products but can also be linked to off balance sheet exposures. You will help us to better manage the invested assets portfolios by monitoring its creditworthiness as well as proposing actions to mitigate any risk that may arise. You will be involved in the IFRS9 credit risk process and to fostering best practice in Credit Risk Management.

You will work closely with the other team members of the Group Investment Office and with various other stakeholders (asset managers, accountants, IT, Group Risk coverage team, auditors...).

Responsibilities

Key duties and responsibilities

Credit Risk and reporting

• Identify early warning signals of deterioration of credit quality (on a sectoral or individual names basis)
• Report on material drivers of credit risk, provide explanations based on robust analysis
• Contribute to regular reporting to top management level on a quarterly basis in connection with Group Risk Management (Risk report, dashboard)
• Produce sectorial and geographical analysis, with specific focus on banks and cyclical exposure (Fixed Income and Loans)
• Ratings monitoring for main exposure and riskiest assets (Loans and Fixed Income)

IFRS9

• Participate to the quarterly landing and closing of Expected Credit Losses calculation based on SCOR methodology using Moody's Analytics solution (Impairment calc)
• Participate actively to the IFRS9 accounting run
• Ensure the correct application of IFRS9 staging rules of the Group
• Monitor the riskier exposures
• Link with Moody's Analytics solution teams regarding the model upgrades and updates

Qualifications

Required experience & competencies

Experience:

• 5 to 10 years of successful experience of risk management in financial markets or equivalent
• Ability to manage credit risks on various types of assets
• Expertise in process design and control and strong ability to document processes
• Ability to report clearly on complicated technical or business credit topics to senior management

Personal Competencies:

• Strong analytical capabilities, rigor
• Good interpersonal skills and multicultural awareness and sensitivity
• Ability to build efficient relationships with various stakeholders
• Strong interest in financial markets
• Fluency in french & english (written & spoken)

Digital Competencies:

• MS office (VBA), SQL basic knowledge, Power BI
• Not necessary but a plus: Bloomberg, Moody's analytics Credit Edge, Impairment Calc

Required Education

• Educated to bachelor's degree level Experience, bac +5 in economy, finance or equivalent (business school, engineer...)
• Professional certification in Finance would be a plus

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.