Senior Risk Analyst
At Munich Re Specialty
- Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.To support and assist the ongoing development, implementation and embedding of a comprehensive and proportionate Risk Management Framework and risk culture across MRS
- GM, ensuring compliance with local, Munich Re, PRA, FCA and Lloyd/s risk management requirements.Responsibilities:As part of the central Risk team, support and assist in the implementation of the MRSG Risk Management Framework as more specifically detailed in its annual 6 Block Objectives and annual Risk Plan.
- Global Markets.
Responsibilities may include arranging, preparing and/or leading the assessment meetings, and writing up the results of the assessment including minutes and updating the risk register.Coordinating and maintaining an effective risk event management process through the collation, investigation and reporting of near miss and loss events for MRS
- GM. This may include conducting investigations with the incident owners, determining lessons learned and remediation actions, drafting factual incident reports for inclusion in reporting to governance groups and Munich Re Group.
This activity is coordinated with Compliance as appropriate.Leading the monitoring and ongoing awareness of the new and/or emerging risk process and ensure such information is shared with the Risk and Compliance teams and key business stakeholders.
This will involve establishing, coordinating and leading the Emerging Risk Working Group activities, documenting the /"so what/" analysis and reporting to the respective governance groups.Maintaining an ongoing awareness of regulatory and industry developments for Risk and ensure that the Risk team are informed and action is taken as necessary.
Information sources include MR Group, Lloyd/s, the PRA, the FCA and the London Market Association.Carrying out or supporting the review and maintenance of the Risk Management Framework specifically with regards to documented policies, processes and procedures.
Ensuring such documents are current, relevant and aligned with MR or local regulatory requirements.Support in the delivery of the MR Non-Financial Risk Management Framework which includes activities for the Operational Control System (ORCS), Risk Management Reviews of projects, ISM and/or TPRM, and Risk Event reporting.Completing timely production of reports to MRSG committees through collaboration with the Risk team to the existing reporting templates.
Where relevant, the Senior Risk Analyst will research and draft report sections.Assisting and supporting with formulation of tests as part of the stress, sensitivity and scenario framework.This could include coordinating and recording discussions of workshops or linking outputs from the emerging risk analysis and risk and political, religious, and personal beliefs.
Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process.
You can request an adjustment by speaking to your Talent Acquisition contact.Learning and innovating today, striving for sustainable societies and business tomorrow.At Munich Re Specialty- Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment.
Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.