Senior Risk Oversight Specialist

3 weeks ago


London, Greater London, United Kingdom Munich Re Full time
About the Role

We are looking for a Senior Risk Oversight Specialist to join our team at Munich Re. This is a challenging role that requires an individual with experience in managing delegated authorities.

The successful candidate will be responsible for overseeing, steering, and monitoring our delegated authority business. This involves forging strong relationships with Great Lakes' outsourcing partners and internal stakeholders to ensure that our outsourcing partners are operating in conjunction with Great Lakes' internal guidelines, regulatory requirements, and the binding authority contract.

Key Accountabilities:

  • Provide professional leadership to Agency Business Managers for assigned agencies and/or jurisdictions.
  • Partner with Munich Re business units to implement tailored market/client-specific strategies for assigned agencies and/or jurisdictions.
  • Manage due diligence and quality assurance processes, adhering to high standards and regulatory requirements.
  • Strengthen oversight and control of DA relationships, monitoring performance and key risk indicators (KRIs).
  • Lead and manage key projects, driving innovation and process improvements across the DA Business Management function.

Requirements:

  • Proven experience managing delegated authorities with in-depth knowledge of regulatory requirements, risk oversight, audit, and underwriting processes.
  • Familiarity with regulatory frameworks (e.g., LI)
  • Project management expertise, including tools and strategies for overseeing the delegated authority lifecycle.
  • A commercial mindset with strong market awareness.
  • Project management certification (e.g.,

What We Offer:

  • A competitive salary of £80,000 - £110,000 per annum, depending on experience.
  • An on-target bonus structure.
  • 25 days annual leave, plus the option to purchase more.
  • Private medical insurance.
  • An employer's contributory pension scheme.


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