Business Unit Risk Manager
Munich Re
- Princeton, NJ
- Permanent
- Full-time
- Monitor and report on risk management processes & related controls through the Operational Risk Control System. Support Process Owners in the development of risks and controls. Additionally, the Risk Manager may also support a local risk register with further detailed/localized risks and mitigations outside of the global ORCS framework. Challenge & review effectiveness of controls and mitigations. (20%)
- Prepare, review and/or analyze business unit materials presented to the Business Unit Leadership Team and periodically to the US Nonlife Risk Management Committee (RMC) and report on Risk quarterly to the Board in support of Corporate Risk Governance processes. Issue Statement of Risk Management for significant decisions. (20%).
- Identify, monitor & report risks through the collaborative preparation of a quarterly Internal Risk Report. Participate in management meetings related to key company risks, including identification and risk assessment of significant projects. (15%)
- Support the development, monitoring, and update of a Risk Strategy, Annual ORSA, various Risk Management Surveys. Participate in the development a business strategy that is consistent with the Risk Strategy (15%)
- Develop risk culture and awareness by education of staff on risk management and group ERM practices. Communicate with external stakeholders (rating agencies, regulator & internal & external auditors) on ERM topics (15%)
- Oversee the Business Continuity Program & coordinate the Emergency Management Group at the business unit level (15%).
- Partner with the business on risk related projects as applicable to strengthen support and oversight in the early detection of issues and intervention that align with the various topics and time allocations noted above (ad hoc).
- Experience/exposure to Reinsurance, Personal, Commercial Lines Insurance product knowledge
- Working knowledge of financial metrics used in Insurance
- Understanding of Operational Risks and Controls in the Insurance Business
- Leadership skills to influence, negotiate and inspire others
- Ability to present and train on risk management concepts
- Ability to understand mathematical concepts
- Broad relationships throughout the organization in all operational areas
- Ability to collaborate with peers in the international organization
- Communication Skills: Clearly and concisely verbally and in writing using appropriate language and examples; when presenting, effectively captures the audience's attention through the use of professional presentation techniques; actively listens to others to ensure understanding of issues; executive presence