Chief Risk Officer, US

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The Chief Risk Officer, US & Bermuda is responsible for overseeing risk for the Wholesale and Specialty and Programs and Solutions divisions and global aggregation of risk exposures and risk reporting. The Chief Risk Officer, US & Bermuda will play a crucial role in supporting the Chief Risk Officer, Markel Insurance in delivering a risk function that is respected inside and outside the company. The aim is to enhance the value created by the business, being efficient but never losing sight of the harm caused to the business when Markel fails to effectively manage its risks.
The Chief Risk Officer, US & Bermuda is responsible for understanding what might happen (uncertainty), assessing how it could affect business objectives, and acting accordingly with a focus on US underwriting particularly property exposures. Collaborate across the organization including all front-line leaders and teams and coordinate assurance with Legal & Compliance, Actuarial and Internal Audit.
Team Leadership : Lead and manage a skilled, agile and responsive risk function for Wholesale and Specialty and Programs and Solutions divisions. Managing a team of professionals, including workflow, capacity, improvement of process, development of individuals and recruitment where necessary. Working extensively with the International risk function and considering Group exposures where appropriate.
Risk Identification and Mitigation : Identify internal and external risks to Markel achieving its objectives with a focus as outlined above. Design and execute strategies to mitigate identified risks, ensuring robust controls and processes are in place. Focus these strategies on the areas of highest risk.
Annual Planning : Lead on risk analysis of annual business plans identifying opportunities and threats to the execution of the plans, support business leaders in addressing any gaps as collaborative business partner.
Understand and contribute to the Global Capital Model particularly around natural catastrophe, reinsurance and valuation of physical assets. Lead on the Systemic Risk Analysis Survey. Contribute to the development of return on capital as a key measure of expected performance. Global Aggregation : Responsible for the global aggregation of exposure and financial ceded reinsurance across Markels insurance platforms including SNC and Nephila to ensure protection of Markel and meet rating agency and other regulatory requirements
Data Spine : Contribute to the data spine for risk exposure particularly around known tail risks that cross different classes. Champion and lead on the adoption of the data spine and data governance as a route to greater empowerment.
Risk Management Framework : Continue to evolve and mature Markels comprehensive risk management framework fully aligned with the company's strategic objectives, with a focus on US underwriting especially property exposures. Risk and Solvency Assessment : Input into the Own Risk and Solvency Assessment for Markel Insurance and subsidiary organizations including stress and scenario testing
Insurance Management : Oversee the company's corporate insurance portfolio, ensuring appropriate coverages for all identified risks including D&O, Cyber, Auto etc.
AuditBoard : Lead our teams responsibility for AuditBoard Governance, Risk and Compliance system ensuring alignment with the overall risk register and coordination between the assurance functions
Work Experience / Skillset
Experience with significant risk-taking decisions, ideally in an underwriting role
Proven strategic thinking and influencing to anticipate future risks and opportunities and remain alert to global trends, emerging technologies and geopolitical developments
Report writing and ability to communicate technical information in a way that is easy to understand, digest and apply
Be adept at leading and delivering complex projects
Excellent interpersonal and influencing skills with a pragmatic business-oriented approach
The national average salary for the Chief Risk Officer, US & Bermuda position is $238,000 - $355,000 with 65% short term bonus potential and 35% long term equity incentive.
Markel Group (NYSE MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.
In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.
We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees needs at all stages of life.
All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.
We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.
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