Risk Analyst

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Please see our website for more information.

Risk Analyst
We are looking for a Risk Analyst to join our London City Office (Hybrid 2-3 days per week) on a full time basis, this is a great opportunity for a graduate or junior professional to work across a variety of areas, gain a broad insight into the different risk areas of the business and have great exposure to senior management.

The Risk team are looking for an enthusiastic and proactive who is comfortable working with Excel, PowerPoint and also relishes the opportunity to liaise with a variety of stakeholders including senior management.

Responsibilities

• You will support the Head of Enterprise Risk Management, Head of Financial Risk and the Non-Financial Risk team to ensure that risk exposures and associated controls are appropriately monitored and reported on for the required management and legal entity governing bodies to ensure strong business support on key decisions, the appropriate identification and management of key and emerging risks, and compliance with Munich Re, PRA, FCA and Lloyd's requirements. This includes:
• Supporting the development, implementation and embedding of appropriate risk appetite and other metrics;
• Assisting with the Risk and Control Assessment (RCA) process;
• Supporting the reporting on the financial and non-financial risk profile across MRS-GM including material risk exposures / position against risk appetite, effectiveness of associated control environment and material incidents;
• Supporting ORSA report production process; Contributing to the emerging risk assessments and scenario analysis activities;
• Assisting with the validation of MRSL's internal capital model, including risk quantification and aggregation, using established techniques and methodologies;
• Close interaction with other governance areas including other parts of the Legal, Risk and Compliance (LR&C) function, and Internal Audit to ensure comprehensive governance and oversight of the complete financial risk profile of the business;
• Assist with other enterprise risk management departmental activities as and when required.

Knowledge And Skills

• Strong interests in working in a Risk management function;
• Interested in working with data using Excel and other analytical tools; have drive and initiative to conceptualise solutions for complex problems using technology.
• Can demonstrate accuracy, attention to detail and a diligent approach to work.
• Should be proactive and willing to assist in other risk activities that may arise from time to time.
• Should be focussed on completing activities to meet internal/external reporting deadlines
• University Degree and/or relevant professional qualification.
• Ideally would like to pursue CII, Risk or Actuarial exams

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don't meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for

Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact