Enterprise Risk Associate

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

Future focused and always one step ahead!

Responsibilities         

• Translate CRO priorities into executable plans with support from the Head of Risk Analytics & Strategy: build workplans, define milestones, maintain issue/decision/action logs, and track completion.
• Coordinate across business units and IRM counterparts (e.g., ERGO IRM, MRAS IRM, Group IRM) to align on risk governance standards and reporting cadences.
• Support ERM lifecycle (risk identification, measurement, strategy, control, and reporting) by gathering inputs, validating sources, synthesizing content, and preparing leadership‑ready materials for governance forums (e.g., Risk Committee updates, Internal Risk Report, ORSA).
• Assist with integration/onboarding of new or reorganized business units into the risk management framework; confirm adherence to applicable risk policies and norms.
• Support roll‑outs of risk norms and practices (e.g., non‑financial risk practices, project‑risk governance) by coordinating roll-outs, change impacts, and monitoring adoption.
• Build and maintain risk reporting artifacts and dashboards (e.g., Power BI)
• Support the organization and documentation of CRO-led meetings and initiatives, including preparing agendas, assembling briefing materials, taking meeting notes, tracking decisions and action items, and following up to ensure timely completion and escalation of issues as needed.
• Document processes and controls (process maps, RACI, SOPs) and propose improvements that enhance standardization, audit readiness, and team effectiveness.

• Provide flexible support across a variety of IRM initiatives, ranging from administrative tasks (e.g., data entry, file management) to more complex assignments involving analysis, research, or process design, based on team needs and development opportunities.

Qualifications

Successful candidates will possess the following skills/capabilities:       

• Bachelor’s degree in Risk Management, Business, Mathematics, Finance, Data Analytics, or a related field.
• Up to 1 year of experience in risk, compliance, project management, or data analysis preferred.
• Strong organizational skills and attention to detail; able to handle administrative tasks accurately and maintain clear documentation.
• Effective communicator who collaborates across diverse teams and can navigate a matrixed organization.
• Demonstrated adaptability and initiative, moving between routine assignments and more complex problem‑solving as needed.
• Eagerness to learn and contribute to enterprise risk management in a global insurance context.
• Proficiency with Microsoft Office and familiarity with data visualization/reporting tools (e.g., Power BI).
• Strong time‑management and prioritization skills in a fast‑paced, evolving environment.
• Travel ad hoc across Munich Re Group locations (approximately 10%).

The Company is open to considering candidates in New York, NY. The salary range posted below applies to the Company’s New York location.

The base salary range anticipated for this position is $79,900- $117,200 plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate displayed represents the typical salary range for candidates hired in this position in New York, NY. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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