Senior Risk Manager in London

About the role: As Senior Risk Manager (Risk Reporting) you will be responsible for leading and coordinating key Risk Management deliverables such as the quarterly Risk Report and the ORSA. You will ensure GLLS’ Risk Strategy is fit for purpose and contribute to risk assessments to support risk‑based decision‑making.

Key Responsibilities:

• Lead and coordinate GLLS’s annual and ad‑hoc ORSA processes, including Stress & Scenario and Sensitivity testing, and produce the ORSA report.
• Lead and coordinate Great Lakes’ annual and ad‑hoc Risk Strategy.
• Produce the quarterly Risk Report, monitor risk triggers in line with the Risk Strategy, and provide risk‑based business steering advice to the Board.
• Contribute to regulatory reporting (Annual Report, Solvency and Financial Condition Report) for risk management sections.
• Ensure ongoing risk governance by maintaining documentation and approval procedures and implementing new risk‑management processes.
• Provide risk assessments and risk opinions on business and strategic decisions.
• Support development of risk‑management frameworks for emerging or new risks.
• Coordinate or participate in strategic projects.
• Present Risk Management results to relevant GLLS governance Committees.
• Maintain liaison with Great Lakes and Group IRM teams.

Competencies:

• Strategic mindset (we think big) – You look, plan and move into the future with clear intentions and purposeful actions, seeking regular feedback that allows you to make decisions today that will lead the business toward its future commitments.
• Ensures accountability (we lead the ‘we’) – You hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their decisions and actions and appreciate how they contribute to the team/organisation commitments.
• Managing complexity (we grow with our clients) – You make sense of complex and sometimes contradictory information to effectively solve problems, learning and sharing along the way.
• Sprones work (we care and dare) – You know when to lead and when to let others lead, providing direction and delegating to others, empowering and trusting them to achieve their commitments.
• Develops talent (we care and dare) – You develop the team to meet their career ambitions, building capability at an individual and organisational level, preparing them for future opportunities, discussing feedback and development regularly, and promoting a diverse and inclusive workforce.
• Being resilient (we are clear and authentic) – Setbacks are unavoidable; however, you recover quickly, seek feedback, learn and unlearn, and move forward with courage and commitment.

Key Skills & Experience:

• Essential: Solid experience in the (re)insurance industry. Good knowledge of risk management frameworks, Solvency II and other regulatory frameworks. Excellent analytical and organisational skills. Ability to communicate complex matters in a logical and transparent way. Full command of MS Office suite. Fluency in spoken and written English.
• Desirable: Experience in regulatory reporting and submissions. Good presentation skills. Experience with Power BI and R. Intermediate German knowledge.

Desired Qualifications and Educational Background:

• University degree, ideally in a relevant insurance‑related field (e.g. actuarial studies) or equivalent.
• Collaborative mindset and previous experience working with a matrix international team.
• Ability to work in a fast‑paced and ever‑changing environment.

Thought Leaders: You are seen as an expert in your field and will be the ‘go‑to’ person for your area of specialism within Munich Re. You will be a role model/mentor to others, identifying opportunities to share your knowledge with colleagues. You will demonstrate and role‑model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture. You will treat your colleagues, sales and business partners fairly and with respect.

Regulatory & Conduct Requirements:

• Satisfy all regulatory requirements in collaboration with the reporting function.
• Ensure compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.

Benefits: You will receive a great compensation package, on‑target bonus, 25 days annual leave with the option to purchase more, private medical insurance, and an employers’ contributory pension of 10%. We offer fully paid six‑month family leave when needed.

EEO Statement: 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.