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- Tasks: Lead credit risk oversight for Swiss Re's insurance sector, ensuring effective risk management.
- Company: Swiss Re is a global leader in reinsurance and insurance, focused on resilience and innovation.
- Benefits: Enjoy a hybrid work model, competitive salary, performance bonuses, and diverse global benefits.
- Why this job: Join a dynamic team driving impactful risk management in a collaborative and inclusive environment.
- Qualifications: Advanced degree in finance or economics; 7+ years in credit analysis; strong analytical skills required.
- Other info: Open to experienced professionals returning after a career break; embrace your authentic self at work.
The predicted salary is between 88000 - 132000 £ per year.
This job is brought to you by Jobs/Redefined, the UK\’s leading over-50s age inclusive jobs board.
About theTeam:
The SFRM (Solvency Financial Risk Management) department of Swiss Re reports directly to the Group Chief Risk Officer and is a team of expert risk managers that maintains responsibility for the oversight and control of all financial market and credit risks across the Swiss Re Group. The FRM department\’s mission is to ensure that all financial risks across the Swiss Re Group and its Business Units are fully understood, appropriately governed and valued, as well as transparently monitored and controlled. The CRM team identifies, measures, monitors and controls credit default and migration risk, and ensures that Swiss Re\’s credit risk profile is transparent to management and appropriate relative to Swiss Re\’s risk appetite.
About the Role:
As a Senior Credit Risk Manager within Credit Risk Management (CRM), you will be working on a specialized team responsible for risk oversight of Swiss Re\’s insurance sector. The successful candidate will ensure appropriate risk identification, capture and monitoring of insurance credit risk accumulations across Life & Health, Property & Casualty, Asset Management, and Corporate Solutions businesses.
As a member of the Insurance team, you will be responsible for a wide range of credit analytical and risk management activities associated with insurance sector companies. Your counterparty assessments will form the basis of defining credit risk limits and ratings for credit-intensive transactions and inform risk steering. You will lead risk dialogues with senior business stakeholders and deliver presentations to senior management. You will provide risk management input for negotiated terms in structured transactions involving insurance sector companies to ensure appropriate credit risk mitigants and resultant exposure relative to Swiss Re\’s risk appetite. You will also contribute to the development of various credit risk analytical and risk management tools to enhance analytical value added and overall team efficiency and effectiveness.
The role\’s main tasks and responsibilities are to:
- Review and assess large and/or complex Insurance/Reinsurance transactions with embedded credit risk
- Identify and measure credit risk in bespoke structured transactions and recommend credit risk-taking appetite
- Propose and define methodologies to ensure appropriate capture of credit risk and its reflection in costing, capital and steering tools
- Analyze and manage a discrete (re)/insurance portfolio. Responsible for comprehensive and timely credit analysis and annual reviews for assigned portfolio
- Develop, maintain and improve risk control frameworks around financial credit risk in close collaboration with businesses and other support functions
- Contribute to the production of regular senior management and ad-hoc risk reporting
- Maintain a continuous and effective dialogue with colleagues with a wide array of internal stakeholders
- Own and drive projects and transaction review to completion independently
About You:
- Solid academic track record with advanced degree in economics, finance, or other relevant social science field. Professional designation, such as CFA and/or FRM, is a plus.
- Strong analytical skills, problem-solving mindset and ability to make thematic and conceptual connections across a global firm
- 7+ years\’ experience in transaction review, credit analysis, credit risk methodology, structured finance and/or insurance sector
- Desire and ability to create joint movement within a Team to drive and complete cross functional tasks
- Ability to (re)prioritize workload in a fast-paced/deadline-oriented environment
- Superlative organizational skills, attention to detail and ability to multi-task
- Strong verbal and written communications skills
- Demonstrated passion to perform with highest level of integrity, professionalism and desire to work in a tight knit team environment
- Dedicated team-player with solid communication and interpersonal skills to work collaboratively and effectively in a global team setting
- Sound judgement, courage to speak up, and self-awareness
- Proficiency in Excel, Python, R and/or Power BI is required.
Swiss Re has a hybrid work model where the expectation is that you will be in the office three days per week.
The base salary range for this position is between 88,000 GBP and 132,000 GBP (for a full-time role). The specific salary offered considers:
• the requirements, scope, complexity and responsibilities of the role,
• the applicant\’s own profile including education/qualifications, expertise, specialisation, skills and experience.
In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits.
Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.
About Swiss Re
Swiss Re is one of the world\’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Keywords:
Reference Code: 134977
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Credit Risk Manager/Senior Credit Risk Manager (hybrid role with 80-100% working degree) employer: Swiss Re
Contact Detail:
Swiss Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Manager/Senior Credit Risk Manager (hybrid role with 80-100% working degree)
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk management, especially within the insurance sector. Understanding current methodologies and tools used in the industry will help you engage in meaningful discussions during interviews.
✨Tip Number 2
Network with professionals in the field of credit risk management. Attend industry events or webinars to connect with potential colleagues at Swiss Re, as personal connections can often lead to job opportunities.
✨Tip Number 3
Prepare to discuss your experience with structured finance and credit analysis in detail. Be ready to provide examples of how you've successfully managed credit risk in previous roles, as this will demonstrate your expertise to the hiring team.
✨Tip Number 4
Showcase your proficiency in relevant software like Excel, Python, R, and Power BI. Consider preparing a small project or analysis that highlights your skills, which you can present during the interview to stand out from other candidates.
We think you need these skills to ace Credit Risk Manager/Senior Credit Risk Manager (hybrid role with 80-100% working degree)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management, transaction review, and analytical skills. Use specific examples from your past roles that demonstrate your ability to manage credit risks effectively.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the insurance sector. Discuss how your background aligns with Swiss Re's mission and values, and mention any relevant qualifications like CFA or FRM.
Highlight Technical Skills: Emphasise your proficiency in tools such as Excel, Python, R, and Power BI. Provide examples of how you've used these tools in previous roles to analyse credit risk or improve processes.
Showcase Communication Skills: Since the role involves leading discussions with senior stakeholders, highlight your strong verbal and written communication skills. Include examples of presentations or reports you've delivered in the past.
How to prepare for a job interview at Swiss Re
✨Showcase Your Analytical Skills
As a Credit Risk Manager, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've successfully identified and managed credit risks in previous roles. Highlight your experience with credit analysis and structured finance.
✨Demonstrate Your Communication Abilities
You'll need to lead risk dialogues and present findings to senior management. Practice articulating complex concepts clearly and concisely. Consider preparing a brief presentation on a relevant topic to showcase your communication skills during the interview.
✨Familiarise Yourself with Swiss Re's Risk Appetite
Understanding the company's risk appetite is key to the role. Research Swiss Re's approach to credit risk and be ready to discuss how your experience aligns with their strategies. This shows your commitment and preparedness for the position.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities. Think about past experiences where you had to make tough decisions regarding credit risk. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
