Risk Manager

2 weeks ago


Sydney, Australia Munich Re Full time

Risk Manager

**Company**
Munich Re
**Location**
Sydney, Australia

Great Lakes Australia (GLA) is the Australian branch of Great Lakes Insurance SE (GLISE) and is a wholly owned subsidiary of the Munich Reinsurance Company. As a specialty provider of primary insurance services, Great Lakes Insurance SE with its branches in the UK, Australia, Switzerland, Italy and Ireland and its subsidiary in the UK, is an integral part of Munich Re Group and an important enabler for Specialty Insurance Business (GSI - Global Specialty Insurance).

To strengthen our Integrated Risk Management team in the Great Lakes Australia branch (GLA), we are looking for someone located in Sydney to join our team. You will oversee risk framework and reporting topics within the GLA CRO team. You will work in close collaboration with responsible teams and local support services, and with the Great Lakes Integrated Risk Management function in Munich and London. You will report to the Chief Risk Officer, GLA.

**Your Role**
- Contribute to the risk strategy process, including risk identification, setting of risk appetites and associated limits and triggers, monitoring the risk exposure, and undertaking related control processes
- Contribute to the regulatory and internal risk reporting cycles, including Internal Capital Adequacy Assessment Process (ICAAP)
- Ensure ongoing appropriate risk governance, risk reporting and risk management within GLA and an understanding and cooperation of risk management processes within the Great Lakes Group
- Support the Chief Risk Officer (CRO) in the execution of the regulated risk management function and take on an advisory role to senior management
- Provide opinions on risk-taking decisions under consideration of the risk bearing capacity of the Company
- Fulfil regulatory requirements and ad hoc studies, participating to projects
- Manage stakeholders and the wider embedment of the risk management framework at local and group level

**Your Profile**
- University degree in mathematics, actuarial science, risk management, or a related field in a relevant discipline
- 5+ years' risk management, actuarial or related experience in the insurance or financial services industries
- Exceptional knowledge of risk management principles and regulatory framework
- Ability to present complex matters logically and with transparency, and to provide high-quality reporting tailored to management needs
- Ability to effectively influence, advise and educate stakeholders at all levels
- Work collaboratively in an international group dynamic and in a hybrid set-up
- Experience in Power BI

**Our Benefits**
- We have many attractive benefits to offer you, including 16% superannuation
- Enjoy increased annual leave entitlements
- Generous parental leave
- Flexible, hybrid working conditions

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.


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