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- Tasks: Lead the management of non-financial risks and ensure compliance with industry standards.
- Company: Join Munich Re Specialty, a leader in Primary Specialty Insurance.
- Benefits: Full-time role with competitive salary and opportunities for professional growth.
- Why this job: Make a significant impact on risk management in a dynamic insurance environment.
- Qualifications: University degree or relevant qualification with strong stakeholder management skills.
- Other info: Ideal for those seeking a director-level position in a collaborative and innovative setting.
The predicted salary is between 72000 - 108000 ÂŁ per year.
At Munich Re Specialty – Global Markets (MRS‑GM), we aim to become the leading Primary Specialty Insurance provider. This role drives good industry practices in the identification, assessment and management of non‑financial risks and controls across MRSGM.
Responsibilities
- Lead implementation of the Non‑Financial Risk framework aligned with the ERM, strategic objectives, group and regulatory requirements, including tools such as the GRC system.
- Ensure non‑financial risk exposures and controls are monitored, reported and compliant with Munich Re, PRA, FCA and Lloyd’s.
- Provide timely risk management support, challenge, and opinions on strategic developments, change initiatives, and new products.
- Support development and embedding of risk appetite, emerging risk assessments and scenario analysis activities.
- Report on aggregate non‑financial risk profile to the Risk Committee and Board.
- Escalate high‑priority issues to the Head of ERM and liaise with the FCA, Lloyd’s, GSI and other parties.
- Collaborate with Legal, Risk UK market preferred; Lloyd’s of London experience desirable.
- Comprehensive understanding of current risk‑management environment.
- Strong stakeholder management, flexibility and change mindset.
- Excellent report‑writing and presentation skills for board‑level review.
- Attention to detail, diligence, initiative, strong management and organisational skills.
- University degree and/or relevant professional qualification.
Seniority Level: Director
Employment Type: Full‑time
Job Function: Finance
Industries: Insurance
Diversity, Equity
Head of Non-Financial Risk employer: Munich Re Specialty - Global Markets, UK
Contact Detail:
Munich Re Specialty - Global Markets, UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Non-Financial Risk
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or at events. We can’t stress enough how important it is to make connections that could lead to opportunities in non-financial risk.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the latest non-financial risk frameworks and regulations. We recommend practising common interview questions and having examples ready that showcase your experience in risk management.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. We suggest checking out our website for openings at Munich Re Specialty – Global Markets, where you can find roles that truly resonate with your expertise.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. We believe this small gesture can help keep you top of mind for hiring managers.
We think you need these skills to ace Head of Non-Financial Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Non-Financial Risk role. Highlight your experience in risk management and any relevant qualifications that align with our needs at Munich Re Specialty.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this position. Share specific examples of how you've successfully managed non-financial risks in the past and how you can contribute to our goals.
Showcase Your Stakeholder Management Skills: We value strong stakeholder management, so be sure to include examples of how you've effectively collaborated with various teams or departments. This will show us your flexibility and change mindset.
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Munich Re Specialty - Global Markets, UK
✨Know Your Non-Financial Risks
Make sure you have a solid understanding of non-financial risks and how they impact the insurance industry. Brush up on current trends and regulations, especially those related to PRA, FCA, and Lloyd’s. This will show that you're not just familiar with the role but also passionate about it.
✨Showcase Your Stakeholder Management Skills
Prepare examples of how you've successfully managed stakeholders in previous roles. Think about times when you had to navigate complex relationships or drive change initiatives. Being able to articulate these experiences will demonstrate your capability to collaborate effectively across departments.
✨Be Ready for Scenario Analysis
Expect questions around risk appetite and scenario analysis. Prepare to discuss how you would approach emerging risk assessments and what tools you might use. This shows that you can think critically and strategically about risk management.
✨Polish Your Presentation Skills
Since you'll be reporting to the Risk Committee and Board, practice your presentation skills. Be clear and concise, and prepare to explain complex concepts in an easily digestible way. This will help you stand out as someone who can communicate effectively at all levels.