Risk Manager (m/f/d)*

As a specialty provider of primary insurance services, Great Lakes Insurance SE (“Great Lakes”) is an integral part of the Munich Re Group and belongs to the Global Specialty Insurance (“GSI”) segment. Great Lakes’ interlinked business model focuses on seizing opportunities closely connected to the reinsurance core business as well as innovation-driven opportunities.
Headquartered in Munich, Great Lakes operates through a fully owned subsidiary in the UK and branch offices in the UK, Ireland, Switzerland, Italy, and Australia.

To strengthen our Integrated Risk Management team, we are seeking a Risk Manager in Munich as part of the global Great Lakes Integrated Risk Management function. The position reports directly to the Chief Risk Officer of Great Lakes and will work in close collaboration with other departments across Great Lakes as well as the Munich Re Group Integrated Risk Management team.

Your Job

• Coordinate Great Lakes’ annual and ad-hoc ORSA processes, including leading Stress and Scenario Testing and preparing the ORSA report
• Prepare the quarterly Risk Report, monitor risk triggers in line with the Risk Strategy, and provide risk-based business steering advice to the Board of Management
• Contribute to regulatory reporting (Annual Report, Regular Supervisory Reporting, Solvency and Financial Condition Report) for all risk management sections
• Maintain risk governance standards by updating documentation and approval procedures
• Fulfill regulatory requirements and respond to studies from EIOPA and other relevant regulators
• Support the validation of the Internal Capital Model

Your Profile

• University degree in mathematics, actuarial science, or an insurance-related field
• Strong knowledge of risk management frameworks, Solvency II, and other regulatory frameworks
• Excellent presentation skills with the ability to communicate complex matters clearly and transparently
• Experience with regulatory reporting and submissions (advantageous)
• Collaborative mindset with proven experience working in a matrix international team
• Fluent English and at least advanced German skills
  
  

Application Instructions
In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.

About us 
As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.  Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. 
Sounds like you? Push boundaries with us and be part of Munich Re. 
Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below. 
 
Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements. 
• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified. 

Münchener Rückversicherungs-Gesellschaft
Vesselina Markova, HR Consultant