Career Level 4 Location
Singapore , Singapore
This is an exciting and challenging senior role in Enterprise Risk Management. You will report to the Regional Chief Risk Officer (CRO), working closely with the Singapore and other business units across Asia-Pacific, Middle East and Africa to support risk management activities across the region in relation to Life and Health business.
Your job
Provide a second opinion for new or renewed Third-party relationships, including consideration of local regulatory requirements for Munich Re Singapore branch and potentially other branches in Asia.
Oversee the second line aspects of Business Continuity Management from a local regulatory perspective and a Munich Re Group perspective in relation to Munich Re Singapore branch and potentially other branches in Asia.
Form independent operational risk assessments and challenge the first line risk owners so that risks are robustly managed within Munich Re's risk appetite and return objective.
Contribute to other operational risk management activities within Asia , e.g. Operational Risk Control System (ORCS), operational incident reporting,
Define risk governance and cascade it to risk policies, mandates, limits and authorities. This includes the review and update of local business mandates and authorities, and harmonising risk management policies across the local business unit.
Build and implement risk frameworks, methodology and tools (including data analytic/statistical) to enable the business to effectively identify and manage both new and key risks.
Embed risk culture and awareness across the organisation by collaborating with internal stakeholders so that initiatives are aligned, and risks are proactively managed.
Take interest in and be aware of new and emerging risks e.g. climate change, ESG
Your profile
Degree in quantitative subject
At least 7 years of experience in (re)insurance/banking in areas of actuarial, risk/capital management or underwriting
CERA or other certifications in Risk Management will be an added advantage
Knowledge of non-life re/insurance business would be an advantage
A strong communicator who has independent views and is able to influence others
Always forward-looking by scanning the horizon for emerging risks (and opportunities) which are relevant to the business
Knowledge of Chinese would be an advantage
About us
Find out Who we are, What we do, Our Strategy and How we can Support & Reward you
Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.
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