Vice President Enterprise Risk Management

Msig USA; New York (NY); On-site; USD 240,000 - 360,000; Full time

Benefits offered by this job

Competitive compensation

Executive leadership exposure

Job summary

MSIG USA seeks a senior leader to head Enterprise Risk Management, integrating economic capital modeling, solvency assessments, and risk analytics across underwriting and operations.

You will translate complex outputs into actionable executive recommendations, shape risk appetite, and guide capital allocation decisions in a fast-growing insurer with global reach.

Qualifications

• Minimum of 10 years in property & casualty risk management.
• Deep expertise in economic capital modeling, solvency assessment, stress testing, aggregation, and quantitative risk analytics.
• Ability to translate technical modeling outputs into practical business and executive recommendations.
• Experience with ORSA, rating agency submissions, regulatory capital reporting, model governance, documentation, validation and controls.
• Strong cross-functional collaboration with senior leadership, product, Finance, Underwriting, Actuarial, Claims, Operations, Investments, regulators and rating agencies.

Responsibilities

• Lead the development, maintenance, and enhancement of economic capital models across underwriting, reserving, catastrophe, market, credit, and operational risks.
• Direct the design and execution of solvency assessments and quantify diversification benefits to inform portfolio optimization.
• Translate complex quantitative outputs into clear executive-level narratives and recommendations.
• Define and operationalize quantitative risk appetite, including limits related to volatility, capital drawdown, concentration, and risk‑adjusted returns.
• Embed risk appetite metrics into underwriting strategy, growth initiatives, reinsurance decisions, and ERM governance.
• Support allocation of economic capital across products, segments, and business units and develop risk-adjusted performance metrics.
• Partner with Finance and Underwriting on quantitative assessments and serve as a trusted advisor to senior leaders.
• Provide analytical support for major strategic decisions, including product launches and geographic expansion.
• Build cross-functional partnerships across Actuarial, Finance, Underwriting, Claims, Operations, Investments, regulators.

Skills

Economic capital modeling

Solvency assessment

Stress testing

Aggregation

Quantitative risk analytics

Executive storytelling

Underwriting strategy influence

Reinsurance evaluation

Portfolio decisions

Regulatory capital reporting

Model governance

Leadership

Effective communication

Programming for modeling

Risk data infrastructure

Cross-functional collaboration

Education

ACAS, ASA, or equivalent professional credential

Job description

MSIG USA continues to grow!

Company Overview

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

The Vice President, Enterprise Risk Management serves as the quantitative risk partner across the business and leads the strategic development of MSIG USA’s quantitative enterprise risk management function. The role oversees model development, solvency assessments, stress testing, and risk analytics to support capital management, portfolio optimization, risk appetite implementation, and strategic decision-making. Working across Underwriting, Finance, Actuarial, Claims, Operations, and Investments, the position translates complex risk dynamics into actionable insights that strengthen balance sheet resilience, improve risk-adjusted returns, and inform growth strategy. The role also engages with executive leadership, the Board, regulators, and rating agencies and leads the continued build-out of the ERM team.

Essential Functions

• Lead the development, maintenance, and enhancement of economic capital models, aggregation analyses, and stress‑testing capabilities across underwriting, reserving, catastrophe, market, credit, and operational risks.
• Direct the design and execution of solvency assessments and quantify diversification benefits across lines of business and geographies to inform portfolio optimization.
• Translate complex quantitative outputs into clear executive-level narratives, recommendations, and decision support.
• Define and operationalize quantitative risk appetite, including limits related to volatility, capital drawdown, concentration, and risk-adjusted returns.
• Embed risk appetite metrics into underwriting strategy, growth initiatives, reinsurance decisions, and enterprise risk governance.
• Support the allocation of economic capital across products, segments, and business units and develop risk-adjusted performance metrics to evaluate profitability by line of business.
• Partner with Finance and Underwriting on quantitative assessments and serve as a trusted advisor to senior business and executive leaders.
• Provide analytical support for major strategic decisions, including product launches, geographic expansion, portfolio actions, and capacity deployment.
• Build strong cross-functional partnerships across Actuarial, Finance, Underwriting, Claims, Operations, Investments, and other key functions.
• Manage the enterprise risk components of ORSA, rating agency submissions, regulatory capital reporting, and related governance requirements.
• Prepare and present risk analytics to rating agencies, regulators, executive leadership, the Board, and governance committees as required.
• Lead risk initiatives arising from new regulatory requirements and ensure successful implementation and integration into business practices.
• Oversee model governance, documentation, validation, controls, and monitoring in accordance with internal standards and regulatory expectations.
• Drive continuous improvement in risk data infrastructure, analytical tools, automation, and programming-based modeling efficiency.
• Lead the build‑out and development of a high‑performing ERM team, including oversight of resources supporting capital modeling.
• Participate in Enterprise Risk Committee meetings, lead risk‑related discussions, and communicate ERM strategy, risk positions, and emerging concerns to senior leadership.
• Perform other duties and lead additional risk‑related initiatives as assigned.

Supervisory Responsibilities

This position leads the continued build‑out of the Enterprise Risk Management team and provides direct leadership, mentorship, and professional development. Initial responsibilities include oversight of an offshore resource supporting capital modeling, with the team expected to grow as business needs evolve.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements below are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required

• Minimum of 10 years of experience supporting a property and casualty insurance risk management function.
• Deep expertise in economic capital modeling, solvency assessment, stress testing, aggregation, and quantitative risk analytics.
• Demonstrated ability to translate technical modeling and analytical outputs into practical business and executive‑level recommendations.
• Experience influencing underwriting strategy, evaluating reinsurance structures, and supporting capital deployment and portfolio decisions.
• Strong understanding of complex commercial insurance exposures and the interaction among underwriting, reserving, catastrophe, market, credit, and operational risks.
• Experience collaborating with senior executives, product leaders, Finance, Underwriting, Actuarial, Claims, Operations, Investments, regulators, and rating agencies.
• Experience with ORSA, rating agency submissions, regulatory capital reporting, model governance, documentation, validation, and controls.
• Experience leading teams, developing talent, and operating effectively within a fast‑moving and growing insurance organization.
• Ability to connect analytics, modeling, underwriting, data, technology, and business strategy.
• Strong financial and strategic acumen, including portfolio analysis, capital allocation, and risk‑adjusted performance measurement.
• Ability to balance technical depth with clear, concise, and persuasive communication for non‑technical audiences.
• Excellent written, verbal, presentation, relationship‑building, and executive‑influence skills.
• Ability to synthesize complex issues and deliver crisp insights, recommendations, and decisions.
• Entrepreneurial, collaborative, adaptable, accountable, and comfortable operating in an evolving environment.
• Strong listening skills and the ability to build credibility with internal and external stakeholders.
• Ability to use advanced analytical techniques and programming to improve modeling, automation, and insight generation. referred Qualifications

• ACAS, ASA, or an equivalent professional credential.
• Experience developing or scaling a quantitative ERM function within a commercial property and casualty insurer.

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.