Senior Risk Manager (m|w|d) München

The Credit Risk Management team is responsible for the risk management of Munich Re’s credit risks. This includes the development of the group-wide credit risk strategy and, more specifically, all credit risk management activities arising from investments, external retro and reinsurance placements, and reinsurance transactions that give rise to credit risk exposures, i.e. credit (re)insurance business or financially motivated reinsurance (FinMoRe). To achieve our goals, we work in close collaboration with other reinsurance departments, other risk management and investment management units as well as with our primary insurance group ERGO and asset manager MEAG.

Aufgaben

Your responsibilities will concentrate on the assessment of credit risk within financially motivated reinsurance transactions with significant credit risk exposures primarily in Life/Health but also in the Non-Life segment. In detail this means:

• Identifying and assessing credit risk in selected Life/Health and Non-life FinMoRe deals in close collaboration with other risk management functions with the ultimate goal of preparing risk management statements for the respective approval bodies, e.g. board members or board committees based on the applicable referral and approval frameworks
• Developing a thorough understanding of the mechanics of the transactions (motivation, structure, etc.)
• Attending respective board committee meetings to represent the credit risk opinion
• Assessing credit risk mitigating measures (e.g. collateralization or set-off) for FinMoRe transactions
• First point of contact for business units (all markets) and central functions in the Reinsurance Group regarding credit risk in FinMoRe deals
• Continuous enhancement of the risk management framework for credit risk in FinMoRe, e.g.: Enhancing the applicable credit risk appetite and pricing frameworks, Assessing and validating credit pricing parameters like Credit Default Swap (CDS) spreads and probability of default assumptions
• Challenging credit risk analyses for (re)insurance counterparties provided by business units and/or local risk management functions with the aim of deriving an own rating
• Providing professional guidance as Senior Risk Manager to colleagues regarding the above topics

Beyond the above your activities will also comprise:

• Taking over reporting, data preparation and analysis tasks
• Collaborating closely (e.g. via participation in overarching projects) with business units and other involved departments to foster efficient credit risk management processes across Munich Re Group

Profil / Ihre Qualifikation / Ihre Persönlichkeit:

• University degree, ideally in mathematics, economics, business administration, or a comparable field
• Profound knowledge of FinMoRe structures and concepts, e.g. (non)cash financing, funds withheld or modified coinsurance structures
• Very good grasp of (re)insurance concepts especially in the Life/Health area
• High stress resistance and commitment
• Ability to integrate and manage perspectives of different stakeholders in the development of one solution
• Strong analytical skills and ability to break down complex facts to the bare essentials and present them in a clear and simple way
• Very good command of English (written and spoken)

Das erwartet Sie

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.

Bewerbung

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.

Standort

Königinstraße 107, D-80802 München