Head of Non-Financial Risk

Company

Munich Re Specialty - Global Markets

Location

London, United Kingdom

About us

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

Our success is driven by a strong culture where people are encouraged to be present, bold, and curious, enabling them to reach their individual goals.

Please see our website for more information.

Head of Non-Financial Risk

The role involves driving good industry practices in the identification, assessment, and management of non-financial risks and controls across MRSGM, including operational risks and other non-financial risks such as group risks. This is in support of the Head of ERM, alongside the Head of Financial Risk.

Responsibilities:

Lead the implementation and embedding of the Non-Financial Risk framework, aligning with the MRSGM ERM framework, strategic objectives, Group, and regulatory requirements. This includes implementing tools and systems like GRC.

• Monitor and report non-financial risk exposures and controls for management and governing bodies to support key decisions, risk management, and compliance with regulatory requirements.
• Provide risk management support and challenge to the business, support development of risk appetite and metrics, promote risk awareness, and report on the risk profile and incidents.
• Participate in governance meetings, escalate issues, and represent the team to external regulators and internal stakeholders.
• Support training and risk culture initiatives, promote industry best practices, collaborate on new business and change initiatives, and manage staff and development plans.

Knowledge and Skills

• Risk management qualification or relevant experience
• Strong insurance knowledge, UK market preferred, Lloyd's of London experience desirable
• Understanding of current risk management environment
• Stakeholder management, flexibility, change management skills
• Excellent report writing and presentation skills, attention to detail
• Ability to work independently, management skills, business-oriented mindset
• University degree or relevant professional qualification

If your experience doesn't match every requirement, we encourage you to apply anyway, as you might still be the right candidate.

Diversity, Equity & Inclusion

We foster innovation and resilience through diversity, equity, and inclusion, building a workforce that values various identities, backgrounds, and beliefs. We are committed to an inclusive environment where everyone has equitable opportunities to succeed.

Candidates can request reasonable adjustments during the recruitment process by contacting Talent Acquisition.

Our ESG approach emphasizes seizing opportunities and fostering an inclusive environment, supporting community initiatives, and volunteering.

Learn more about sustainability at Munich Re - choose your impact!