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- Tasks: Join our team to enhance risk management frameworks and support decision-making processes.
- Company: SCOR is a leading global reinsurer, providing innovative insurance solutions worldwide.
- Benefits: Enjoy a collaborative culture, opportunities for growth, and a commitment to diversity and inclusion.
- Why this job: Be part of a dynamic team tackling real-world challenges while developing your skills in risk management.
- Qualifications: A degree in Risk Management or related fields; experience in insurance is a plus.
- Other info: We value diverse talents and encourage applications from all backgrounds, including those with disabilities.
The predicted salary is between 43200 - 72000 £ per year.
As Risk Manager within the London P&C Risk Management team, directly reporting to the UK P&C Chief Risk Officer and closely collaborating with senior team members, you will proactively support the implementation and continuous improvement of the risk management framework for SCOR UK, SCOR Europe and SCOR Syndicate in all risk activities in accordance with the defined Enterprise Risk Management (ERM) framework whilst meeting all regulatory and commercial expectations. This includes assisting the team in the coordination of control environment assessment and monitoring, to meet internal and external requirements in a timely manner. In this role you will furthermore assist the CRO and team to ensure that the risk management activities are appropriately interlinked with the relevant business and decision-making processes in order to further spread the risk culture across the organization. In addition, you will participate in Group Risk Management projects and analysis spanning various topics, in collaboration with other Risk colleagues from international teams. You might also help other SCOR legal entities as needs arise.
Responsibilities
- In conjunction with SCOR's central Operational Risk team, assist the team in analyzing, assessing and monitoring the risk control environment and processes, to meet internal (control systems, ...) and external (regulatory...) requirements for the entities supported by the London P&C Risk Management team as well as other SCOR entities.
- Develop associated documentation, building dashboards and management information using data analytics.
- Assist the team's management in partnering the business in effective design of key controls to mitigate critical risks, as well as challenge the evidencing and operational effectiveness as well as risk owners' self-assessments, to ensure operational effectiveness of the control environment and promote risk culture in cross-functional areas.
- Assist relevant business areas/risk owners in the development of key risk indicators to identify and evaluate operational risks and monitor exposures against appetite.
- Participate in risk assessments, as well as reporting via risk registers or dashboards.
- Assist the team in coordinating the development of operational risk and other scenarios to feed into the entities' models, in coordination with other Risk Management teams and other transverse functions.
Risk reporting and governance
- Assist the team's management in preparing and explaining materials for internal risk decisions by senior management and board (and the relevant committees).
- Contribute to external risk reporting and communication to auditors, regulators, supervisory authorities as requested. These activities will be conducted in cooperation with other teams e.g. Operations, Finance.
Other ad-hoc and specific duties
- Participate in local/P&C/global risk projects and analyses and communicate qualitative and quantitative results effectively, eventually developing a competence and expertise on specific risks.
- Assist the team in the identification, assessment and monitoring of emerging risks and trends to ensure these are addressed within the organization (management, risk owners, etc).
- Contribute to ERM trainings and communication for further spreading risk culture within the organization.
- In coordination with other Risk Management teams, support the enhancement and alignment of risk policies, processes and reporting in order to ensure consistency and allow for aggregation at the various levels of SCOR Group.
Qualifications
- Previous hands-on working experience in insurance or related field (ideally within Property & Casualty commercial lines (re)insurance, particularly the London Market/Lloyd's).
- Knowledge of risk management regulatory principles (including, internal control systems, standards and practices of operational risk management).
Personal Competencies and Skills
- Strong analytical and challenge capabilities as regards reinforcing internal controls.
- Well organized and efficient with strong time and project management skills.
- A team player with ability to deliver results for review in a timely manner, being proactive in managing deadlines including management of dependencies on others, with strong sense of accountability and high quality of outputs presented for review.
- Able to handle and analyze risk and control data, building or enhancing tools for proper management information.
- Self-motivated to learn and identify areas for further self-development as well as to actively share knowledge.
- Build strong relationships within risk management and other functions, locally and across the Group and the P&C business unit.
- Strong written and verbal skills, concise and accurate communication with stakeholders, focusing on key issues and mitigations.
Required Education
- Bachelors degree or higher in Risk Management, Business Administration, Economics, or related field, or equivalent qualifications.
About Us
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide. Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies. As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration. SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
ERM Risk Manager employer: SCOR
Contact Detail:
SCOR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land ERM Risk Manager
✨Tip Number 1
Familiarise yourself with SCOR's risk management framework and the specific regulatory principles that govern the insurance industry. Understanding these concepts will help you engage in meaningful discussions during interviews and demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the London Market and those who work in Property & Casualty insurance. Attend industry events or webinars to connect with potential colleagues and gain insights into current trends and challenges in risk management.
✨Tip Number 3
Prepare to discuss your analytical skills and how you've applied them in previous roles. Be ready to provide examples of how you've contributed to risk assessments or developed key risk indicators, as this will showcase your practical experience relevant to the position.
✨Tip Number 4
Research SCOR's corporate culture and values, particularly 'The SCOR Way'. Being able to articulate how your personal values align with theirs can set you apart from other candidates and show that you're a good fit for their team.
We think you need these skills to ace ERM Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly within the insurance sector. Emphasise any hands-on experience you have in Property & Casualty commercial lines and your familiarity with regulatory principles.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities outlined in the job description, particularly your analytical capabilities and experience in developing risk indicators.
Showcase Your Communication Skills: Since strong written and verbal communication is crucial for this role, ensure that your application materials are clear, concise, and free of errors. Use specific examples to demonstrate your ability to communicate effectively with stakeholders.
Highlight Team Collaboration: Mention any previous experiences where you successfully collaborated with cross-functional teams. This will show your ability to work well within the team-oriented culture at SCOR and your proactive approach to managing dependencies.
How to prepare for a job interview at SCOR
✨Understand the Risk Management Framework
Make sure you have a solid grasp of the Enterprise Risk Management (ERM) framework. Familiarise yourself with how it applies to SCOR and be ready to discuss how you can contribute to its implementation and improvement.
✨Showcase Your Analytical Skills
Prepare examples that demonstrate your strong analytical capabilities. Be ready to discuss how you've previously assessed risk control environments and contributed to effective risk management strategies in your past roles.
✨Emphasise Team Collaboration
SCOR values collaboration, so highlight your experience working in teams. Share specific instances where you partnered with different departments to achieve common goals, especially in risk management contexts.
✨Communicate Clearly and Concisely
Strong communication skills are essential for this role. Practice articulating complex risk concepts in a straightforward manner, as you'll need to explain materials to senior management and stakeholders effectively.
