Solvency II -Pilar 1: Collaborates and coordinates with the 1st line Actuarial teams, the senior Risk Specialist provides independent review on the internal model calculations, assumptions and the Solvency position;
Solvency II -Pilar 3: Acts as process owner for the quantitative and narrative risk reporting (QRT, ORSA, RSR and SFCR) for both Luxembourg and Liechtenstein entities;
- He or She ensures close coordination and collaboration with the Data Owners and performs reviews, controls, and validations before submission of the QRT to the regulators:
- With support of the other Risk team members and the input from the Data Owners, he or she maintains and develops the annual ORSA and narrative risk reporting (SFCR, RSR) for both Life and Non-Life entities;
Actuarial pricing and underwriting risk control, advisory and oversight
- Collaborates with the 1st line Pricing teams to ensure adequate methodologies, calculation methods and controls are applied and executed by the pricing teams;
- Collaborates with the 1st line Underwriting team to ensure adequate exposure management oversight and mechanisms are in place;
Financial Risk Management control, advisory and oversight incl. Asset and Liability risk, Credit risk, Liquidity risk, and Investment risk;
Risk Appetite, preferences and limits: Supports the maintenance and review of the Company’s risk appetite, preferences and limits as well as supports the design and the monitoring of key risk indicators (KRIs);
Risk Support and Advisory: Supports first line risk owners in consistently applying the Risk Management Framework to identify, assess, manage, monitor and report all material risk;
Risk Culture: Promotes a strong risk awareness and risk culture across the company;
Additional Risk activities:
- Asset Liability Committee / Risk Committee (ALCO-RICO): Assists the Head of Risk in the preparation of the agenda, collect and prepare the supporting documentation and write the minutes;
- Performs ad-hoc analysis, quality reviews and deep dives;
