ERM Risk Manager

SCOR; London; On-site; GBP 45,000 - 80,000; Full time

Job summary

Join a dynamic team as a Risk Manager, where you will play a crucial role in enhancing the risk management framework within a leading global reinsurer. This position offers a unique opportunity to collaborate with senior leadership and contribute to the development of risk strategies that align with regulatory standards. You will engage in various risk management projects, utilizing your analytical skills to assess and monitor operational risks effectively. Be part of a forward-thinking organization that values integrity, collaboration, and innovation, while fostering a culture of risk awareness across the business. This is your chance to make a significant impact in a supportive and inclusive environment.

Qualifications

• Hands-on experience in insurance or related field, ideally in Property & Casualty.
• Strong analytical and project management skills with a focus on risk management.

Responsibilities

• Support the implementation of the risk management framework and monitor compliance.
• Assist in risk assessments and develop key risk indicators for operational risks.

Skills

Analytical Skills

Project Management

Risk Assessment

Communication Skills

Team Collaboration

Education

Bachelor's degree in Risk Management

Bachelor's degree in Business Administration

Bachelor's degree in Economics

Tools

Data Analytics Tools

Job description

Job Description

As Risk Manager within the London P&C Risk Management team, directly reporting to the UK P&C Chief Risk Officer and closely collaborating with senior team members, you will proactively support the implementation and continuous improvement of the risk management framework for SCOR UK, SCOR Europe and SCOR Syndicate in all risk activities in accordance with the defined Enterprise Risk Management (ERM) framework whilst meeting all regulatory and commercial expectations. This includes assisting the team in the coordination of control environment assessment and monitoring, to meet internal and external requirements in a timely manner.

In this role you will furthermore assist the CRO and team to ensure that the risk management activities are appropriately interlinked with the relevant business and decision-making processes in order to further spread the risk culture across the organization.

In addition, you will participate in Group Risk Management projects and analysis spanning various topics, in collaboration with other Risk colleagues from international teams. You might also help other SCOR legal entities as needs arise.

Responsibilities

Risk management framework and analyses

1. In conjunction with SCOR's central Operational Risk team, assist the team in analyzing, assessing and monitoring the risk control environment and processes, to meet internal (control systems, ...) and external (regulatory...) requirements for the entities supported by the London P&C Risk Management team as well as other SCOR entities. Develop associated documentation, building dashboards and management information using data analytics.
2. Assist the team's management in partnering the business in effective design of key controls to mitigate critical risks, as well as challenge the evidencing and operational effectiveness as well as risk owners' self-assessments, to ensure operational effectiveness of the control environment and promote risk culture in cross-functional areas. Assist relevant business areas/risk owners in the development of key risk indicators to identify and evaluate operational risks and monitor exposures against appetite.
3. Participate in risk assessments, as well as reporting via risk registers or dashboards.
4. Assist the team in coordinating the development of operational risk and other scenarios to feed into the entities' models, in coordination with other Risk Management teams and other transverse functions.

Risk reporting and governance

1. Assist the team's management in preparing and explaining materials for internal risk decisions by senior management and board (and the relevant committees).
2. Contribute to external risk reporting and communication to auditors, regulators, supervisory authorities as requested.
3. These activities will be conducted in cooperation with other teams e.g. Operations, Finance.

Other ad-hoc and specific duties

1. Participate in local/P&C/global risk projects and analyses and communicate qualitative and quantitative results effectively, eventually developing a competence and expertise on specific risks.
2. Assist the team in the identification, assessment and monitoring of emerging risks and trends to ensure these are addressed within the organization (management, risk owners, etc).
3. Contribute to ERM trainings and communication for further spreading risk culture within the organization.
4. In coordination with other Risk Management teams, support the enhancement and alignment of risk policies, processes and reporting in order to ensure consistency and allow for aggregation at the various levels of SCOR Group.

Qualifications

Experience:

1. Previous hands-on working experience in insurance or related field (ideally within Property & Casualty commercial lines (re)insurance, particularly the London Market/Lloyd's). Knowledge of risk management regulatory principles (including, internal control systems, standards and practices of operational risk management).

Personal Competencies and Skills:

1. Strong analytical and challenge capabilities as regards reinforcing internal controls.
2. Well organized and efficient with strong time and project management skills. A team player with ability to deliver results for review in a timely manner, being proactive in managing deadlines including management of dependencies on others, with strong sense of accountability and high quality of outputs presented for review.
3. Able to handle and analyze risk and control data, building or enhancing tools for proper management information.
4. Self-motivated to learn and identify areas for further self-development as well as to actively share knowledge.
5. Build strong relationships within risk management and other functions, locally and across the Group and the P&C business unit.
6. Strong written and verbal skills, concise and accurate communication with stakeholders, focusing on key issues and mitigations.

Required Education

1. Bachelors degree or higher in Risk Management, Business Administration. Economics, or related field, or equivalent qualifications.

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.