Chief Risk Officer, CIIC

Coverys, Inc.; Dublin; On-site; EUR 180,000 - 260,000; Full time

Job summary

Coverys seeks a senior ERM leader to integrate risk management into strategic decisions. You will design and maintain the risk framework, oversee capital and own funds planning, and coordinate SFCR across the business while reporting to executive management in Ireland.

The role requires deep Solvency II knowledge, strong leadership, and a track record in the insurance sector. This position anchors the ERM function for the Irish operations and reports to the executive team.

Qualifications

• Risk management qualification relevant to insurance or solvency regimes.
• Proven leadership experience overseeing risk across a business.
• Strong understanding of Solvency II or equivalent regulatory standards.

Responsibilities

• Understand board appetite for risk and align strategy accordingly.
• Identify, assess and manage risks with senior management input.
• Own the ORSA and SFCR communications and reporting requirements.

Skills

ERM

Leadership

Regulatory knowledge

Insurance exposure

Education

Risk management qualification

Job description

Play an active role in the success of the Company and ensure that the Enterprise Risk Management function is integrated in the strategic business decisions of the organisation. Accountable for developing and maintaining the Company’s Enterprise Risk Management framework in line with regulatory standards. Responsible for the production and reporting of the Company’s Own Risk and Solvency Assessment (ORSA), including determination of appropriate Capital and Own funds requirements. Responsible for the coordination of the Solvency and Financial Condition Report (SFCR) across the business, and in particular all the relevant sections on the Risk Management System and the overall solvency assessment. Act as member of the Executive Management Team and have oversight of the Enterprise risk management framework and activities of the UK business.

KEY RESPONSIBILITIES

To understand and articulate the Board’s appetite for risk and help the Company formulate and execute business strategy to operate within appetite. Work with the senior management team to identify, assess and manage risks associated with undertaking business. Actively identify and monitor emerging risks to the Company. Assess and validate the appropriateness of the Company’s capital calculation approach (Standard Formula) and processes. Design, implement and enhance the Company’s Enterprise Risk Management Framework, including the processes to identify, analyse and quantify risks (both inherent and residual). This includes but is not limited to: Raising Awareness and understanding of the ERM Framework. Ensuring the effective design and operation of controls within functions. Identifying risks, risk events and issues arising reporting these appropriately Participate in risk management activities/processes as required of the role. Take ownership for the production and communication of the annual Own Risk and Solvency Assessment (ORSA). Take ownership for the communication of the annual Solvency and Financial Condition Report (SFCR), including responsibility for oversight of the SFCR calculations.

Profile and Core competencies:

Risk Management qualification Proven leadership experience Ability to balance risk and reward to support business growth while protecting capital. Extensive experience in the insurance or reinsurance sector.

Regulatory Knowledge:

Deep understanding of Solvency II requirements and Irish regulatory standards.

Communication Skills:

Proven capability to present complex actuarial findings to Board-level stakeholders If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you! They say an organization is only as good as its people. Here at Coverys, we believe that our employees are our most valuable asset. Each of our positions is thoughtfully crafted to ensure alignment with our mission, and every opportunity to join our team is an opportunity to support and protect the healthcare community. Our open positions offer you the chance to join a team of compassionate, dedicated, and resilient employees who are committed to becoming the best in the business. We are an organization committed to growth and professional development, keeping up to date with changes in the healthcare industry to ensure we're providing our insureds with the best possible support. All the while, we are committed to our employees and listen to the needs of our internal talent. Our benefits package is available day 1 of employment, so you never miss a beat. There is truly something for everyone in our benefits package, whether you are raising a family or a furry friend, or you're an avid traveler who uses PTO to chase down your next adventure. The important work done by Coverys employees is not limited to what's done at our desks. Throughout the year, we provide ample opportunities to get involved in our local communities. We get involved, we raise money, and we give back. Connecting with colleagues takes on new meaning when you're elbow-deep planting trees or rolling up your sleeves serving lunch to those in need. The giving doesn't end there—Coverys cares about the initiatives near and dear to your heart. That's why we offer directed donations, as well as company matchings, to support the organizations that you are personally involved with. Coverys is a dynamic organization, with opportunities to join our team across the US, as well as internationally in the UK and Ireland. Coverys is an equal-opportunity employer. Coverys’ job openings are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status.