Munich Re of Malta p.l.c. - Financial Risk Analyst (m/f/d)*
Company
Munich Re
Location
Valletta , Malta
Munich Re of Malta p.l.c. (MRoM) is a subsidiary of the Munich Re Group with a portfolio of more than € 3.5 billion premium and a corresponding large balance sheet. The book of business stems from group-internal retrocessions and third party reinsurance in life, health and non-life from markets all over the world and is written in close cooperation with various units in the Munich Re Group.
MRoM is a fast growing, extremely efficient company looking to strengthen the Risk Management team with the addition of a highly skilled and motivated individual in Malta as part of the enterprise risk management function. As a Financial Risk Analyst you will be reporting to the Chief Risk Officer and will be responsible for financial risk management. The role will work in close collaboration with responsible business owners as well as with the MR Group Integrated Risk Management department in Munich Re.
The successful candidate will be occupying a role providing excellent opportunity for development and growth in a first class international organization. In-/external training will be supported and provided where required. This position offers exciting challenges and insights within a world-class reinsurance company with exposure to Board Members, top management, regulatory bodies as well as a network of specialists within Munich Re.
Your job:
• Contributing to and further developing the financial risk management area covering all core risk management elements including identification, measurement, monitoring, control and reporting of all financial risks the company is exposed to
• Supporting the Chief Risk Officer (CRO) in the execution of the regulated risk management function, the advisory role to the Board of Directors, and the mirroring of the Group CRO function
• Performing the annual capital model cycle, including quarterly modelling, validation, and documentation
• Quantitative risk management and risk analytics, contributing to the use test of the capital model, including performing stress and scenario testing and providing risk opinions on risk-taking decisions under consideration of the risk bearing capacity of the Company
• Contributing to the running of the Own Risk and Solvency Assessment (ORSA) including regular updates of the Company’s risk strategy and proposals for risk appetite
• Contributing to the regulatory and internal risk reporting cycles
• Fulfilling regulatory requirements and ad hoc studies, and participating in projects
• Ensuring ongoing appropriate risk governance by maintaining documentation and approval procedures
• Managing stakeholders and the wider embedment of the financial risk management framework at local as well as at group level
Your profile
• University degree in a finance related subject, mathematics, statistics or actuarial science, ideally complemented with further training in risk management or finance
• At least two years of professional experience with financial risks with a base understanding of Solvency II
• Strong leadership skills with ability to manage change and intercultural differences
• Strong communication skills, able to present complex matters logically and with transparency, and to provide high-quality reporting tailored to management needs
• Experience in dealing with supervisory authorities in the financial services industry is an asset
• Working collaboratively and effectively in an international group dynamic and in a hybrid set-up
• Excellent analytical and conceptual skills combined with the ability to explain and present on senior management level
• Experience in risk modelling, experience with coding languages is an asset
• Very good command of English (written and oral)
For any further information or clarification on this position please do not hesitate to contact Daniel Castillo directly at dcastillo@munichremalta.com