Overview Risk Manager, ERM (12m FTC)
Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, employing approximately 30,000 people worldwide; Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients across multinational corporations and small to mid-size businesses.
The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Role Purpose
Do you have prior experience from within a Risk Management based role?
If you are passionate about working for the largest property & casualty insurer in the world with offices in 54 countries, excellent employee benefits and an outstanding working culture, then we would love to hear from you!
You will play a key role in promoting the embedding of the Risk Management Framework (RMF) across Chubb Europe improving risk management activities towards the achievement of Chubb's regional corporate objectives.
The Risk Manager - ERM will promote functional (Claims, Finance, Actuarial, IT, etc.) first line ownership and monitoring of Chubb's Europe risk appetite statements via the continuous development of a suitable risk reporting framework that supports risk based decision making and escalation of issues as required.
In addition, the role will lead all ERM and technical actuarial/quantitative analysis produced by the Risk Management team. This includes but is not limited to, all legal entity annual ORSA reports, stress and scenario testing, risk aggregation and accumulation monitoring analysis, Risk Management involvement in Internal Model validation and specific risk assessments.
The Risk Manager - ERM also plays a meaningful role in the delivery of the key responsibilities of the Risk Management function such as Committee and Board reporting, preparation of external submissions and Internal Model responsibilities.
The Risk Manager - ERM will report to the Head of Risk Management. Key relationships other than those within reporting lines include Capital Modelling team, Finance, Actuarial function, Compliance function, Internal Audit function, Chubb Europe Executive Directors and Chubb Limited Enterprise Risk Management Unit.
The role is based in London; however some travel may be required. The Risk Manager - ERM is supported by a pool of resources based in London and Chennai, India. Key Responsibilities Risk Management
Supporting the embedding of the Chubb Europe RMF (and the underlying risk policies) across enterprise through the provision of a strong risk management framework. This will involve actively supporting the development of risk identification, assessment, evaluation and reporting processes.
Deliver improvements to the risk appetite framework e.g. the development of risk based metrics and assist senior management in understanding and controlling the risks to the business.
Develop the Risk Function's engagement with management by supporting and developing the first line risk management activities and advise on risk and controls self-assessments (including local prudential and conduct risk requirements) and loss event reporting.
Lead all ERM and technical actuarial/quantitative analysis produced by the Risk Management team. This includes but is not limited to the following;
Lead the production of all legal entity annual ORSA reports, promoting their use in decision making by the business. Support the production of quarterly ORSA reporting to the various Committees.
Lead the development of stress and scenario testing (Including reverse stress testing) and its use in risk management and capital adequacy assessments.
Play a significant role in the alignment of the Internal model to the risk profiles of Chubb's legal entities and the validation thereof. Supervise the internal model process, including providing input into internal model validation and calibration as required.
Support the integration of Chubb Limited's risk aggregation and accumulation process in conjunction with Chubb Limited Enterprise Risk Unit and ensure incorporation into regular cycle of management reporting.
Lead and support on other key Risk Management pivotal initiatives as required, including but not limited to specific risk assessments and various ongoing topical risk analyses. Experience & Skills Required Required experience:
What can you expect in return
- Prior catastrophe modelling experience and experience of RMS or alternative vendor models is required.
- Prior experience of an upstream energy aggregations system would be advantageous, such as Exact, Open Exposure, or Sequel Impact.
- Previous experience working with SQL is required. A solid understanding of other programming languages such as VBA or R would be valuable.
• Competitive salary & pension scheme
• 25 days annual leave plus ability to purchase 5 additional days
• Private Medical cover
• Employee Share Purchase Plan
• Life Assurance
• Subsidised gym membership
• Comprehensive Learning & development offering
• Employee resource groups: Gender Equality Network, Abilities & Wellbeing, Social Mobility, Parents & Carers, Pride Network, Cultural Awareness Network.
• Networking, mentoring & development opportunities.
• 1 day annual Charitable leave
• Cycle to work scheme
• Active Sports & social committee
• Employee Assistance program
Integrity. Client focus. Respect. Excellence. Teamwork
Our core values dictate how we live and work. We're an ethical and honest company that's wholly committed to its clients. A business that's engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that's collaborative and supportive. Diversity & Inclusion
Integrity. Client focus. Respect. Excellence. Teamwork
Our core values dictate how we live and work. We're an ethical and honest company that's wholly committed to its clients. A business that's engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that's collaborative and supportive. Diversity & Inclusion.
At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances. https://www2.chubb.com/emea-careers/working-for-us/diversity-inclusion.aspx Work Location:
London - Leadenhall Job Function:
Risk Management Employment Type:
Fixed Term Contractor (FTC)
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