Job Description

Job summary (This is a 12 months contract position) Enterprise Risk Management (ERM) supports the strategic objectives defined by the Group. The ERM is defined and maintained within the CRO area. Through the different specialized departments, the CRO area monitors adherence of SCOR\xe2\x80\x99s risk profile to the defined risk appetite, optimizes the risk composition, provides analyses and independent opinion on risks and business opportunities, and defines internal standards and mechanisms used to identify, assess, monitor and respond to SCOR\xe2\x80\x99s risk. The risk reporting activities are led by the Risk Reporting Team within the Risk Capital department in the CRO area. Its mission is to ensure that regular external and internal risk reports are provided in line with approved governance (e.g., risk dashboards, ORSA reports, regulatory and public risk reports). As a member of the Risk Management team in APAC, you will contribute to the risk management activities related to P&C business within the APAC region and for the assigned entities of the Hub Singapore network. You will in addition, as a member of the Risk Reporting department, support and contribute to the relevant activities and ongoing development of risk reports across the Group.

Key duties and responsibilities

• Manage stress tests and scenario analyses for assigned entities, incl. engaging relevant stakeholders, and further develop the prospective capital assessment approach as applicable, in coordination with the capital, finance and reserving teams and contribute to the analysis and documentation of the scenario results.
• Contribute to the preparation and production of internal risk reporting (i.e., ORSA, risk dashboards, solvency reports etc.) and external risk reporting.
• Perform portfolio analysis and monitor portfolio developments for the assigned entities.
• Contribute to risk analyses with regards to risk profile / risk drivers, capital adequacy and key risks.
• Contribute to the monitoring of risk-related regulatory developments relevant to the Asia Pacific entities, i.e. monitor new and revised regulations, perform gap and impact analysis, meet regulatory expectations.
• Participate in / contribute to risk enquiries, studies, and initiatives.
• Contribute to the maintenance of the risk appetite and risk policies for assigned entities, i.e., propose risk appetite and limits, specific standards in accordance with local requirements.
• Contribute to the continuous review and monitoring of the assigned entities\xe2\x80\x99 ERM framework effectiveness and efficiency.
• Contribute to respond to regulatory inspections, internal and external audits incl. the implementation of remedial actions in relation to the risk management framework or risk-related regulations.
• Provide risk management guidance and support to the business, i.e. on business and regulatory matters.
• Contribute to developing and managing relevant initiatives to further embed and strengthen a culture of risk awareness within the organization/entities (e.g., ERM trainings and communication).
• Provide support to process owners on the Internal Control System (\xe2\x80\x98ICS\xe2\x80\x99) in coordination with the ICS-CC team.
  

As a member of the Risk Reporting Team, contribute to the relevant activities and ongoing development of risk reporting (e.g., ORSA, risk dashboards) across the Group.

• Contribute to the production of ORSA reports for assigned entities, incl. editing sections, progress monitoring. Support local and global quality reviews for ORSA reports.
• Further contribute to the production of ORSA relevant central and adverse scenarios and contribute to review of ORSA scenario landscape / scope for Non-EEA ORSAs.
• Manage the production of risk dashboards and perform quality reviews for risk dashboards.
• Contribute to initiatives for developing and implementing approaches to continuously improve the quality and production efficiency of Risk Reports across the Group, incl. evolution of the Group Risk Dashboard, evolution of the processes to produce local Risk Dashboards and ORSA Reports, as well as related evaluation of tools / solutions to support report production processes.
  

Contract Duration:

• Please note that this is a 12 months contract position with a potential to be converted into a permanent position.

Education:

• Degree in Actuarial Science, Business, Economics, Mathematics or equivalent.
• Certification in Risk Management or actuarial qualification is a plus.

Experience:

• At least 5 to 7 years\xe2\x80\x99 experience in the non-Life insurance industry, preferably within reinsurance, collected either in a set of line functions, or as a consultant.
• Experience within risk management or actuarial with a good understanding and awareness of RBC, capital management and enterprise risk management
• Relevant experience in producing internal and public reportings, ideally risk reporting.

Personal Competences and Skills:

• Strong analytical capabilities and ability to disaggregate complex issues into risk components.
• Exceptional proficiency in writing reports in English; ability to convert messages into concise write-ups.
• Strong verbal communication skills; ability to explain complex topics in simple terms.
• Ability to work under pressure, with multiple task assignments and timelines.
• Team worker with ability to deliver results in a timely fashion, proactive in managing deadlines.
• Demonstrate the ability to effectively communicate with stakeholders and to actively share knowledge.
• Excellent software skills in the area of collaborative tools, report editing and data presentation.

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver \xe2\x80\x9cThe Art & Science of Risk\xe2\x80\x9d, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk \xe2\x80\x93 from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.



In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.



At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR\xe2\x80\x99s success.