Senior Risk Specialist - Quantitative (m/f) - - 17839 - Baloise

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What you can expect

The Senior Risk Specialist assists the Head of Risk in the translation of the company's and Baloise Group's risk appetite and risk policies into the daily business for Baloise Assurances Luxembourg S.A., Baloise Vie Luxembourg S.A. and Baloise life Liechtenstein AG. Under the responsibility of the Head of Risk, he or she ensures the effective operation of the risk management system, executing the risk and governance program and maintaining an organization-wide and aggregated view on the company's risk profile.

The Senior Risk Specialist - Quantitative will be in charge of the following tasks:   

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;

- Maintains and develop policies based on the applicable governance framework;

- Support other team members on Enterprise Risk Management and Internal Control activities.

What we expect

Master’s degree in Actuarial, Risk Management, Mathematics, Finance or equivalent;
4 - 5 years of experience in a similar position, preferably in the insurance sector, is desirable;
Strong reporting skills, high degree of independence, affinity with financial markets, actuarial calculations and insurance concepts (Life and Non-Life);
Significant risk management experience and understanding of local and SII regulatory framework;
Experience in writing internal policies, documenting processes, risk and controls ;
Fluent in English and French. German is considered as an asset in the communication with Head Office;
Strong analytical skills. Detail-oriented and ability to interpret figures and other actuarial and financial information;
Team player, flexible, ability to work in a fast paced environment;
Excellent communication and presentation skills;
Excellent IT skills, in particular MS Excel, Word and PowerPoint.

About Baloise

We are more than a traditional insurance company: we are the personal partner for everyone who wants to feel simply safe. In addition to our traditional financial business, we are also broadening our range with ecosystems in the areas of mobility and home. We see the digital age as an opportunity to make our offering even more sustainable, innovative and customer-oriented in the future. Are you shaping it with us?

We give you the freedom to pursue your ideas. Get involved! Question us! Develop yourself and us even further! Our culture of learning and making mistakes as well as communication at eye level all make this possible. Because only together can we move forward.

Baloise in Luxembourg

As an employer

Sustainability