Business Unit Risk Manager

1 week ago

Princeton, United States Munich Re Full time
Business Unit Risk Manager Company Munich Re America Services Location Princeton , United States

We're adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. We will consider a range of experience for this role and the offer will be commensurate with that.

The Company

Munich Re US (MR US) offers the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

We address the key challenges of the future - that is what we have been doing in the US property/casualty reinsurance market since 1917. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions that render tomorrow's world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to our clients' needs, creating opportunities to achieve sustained profitable growth.

The Opportunity

Future focused and always one step ahead

We are excited to offer a unique opportunity to the right candidate interested in exploring the world of Risk Management This rotational assignment offers the opportunity to have a significant role in the risk management framework, impact the overall risk managment strategy, and positively contribute to the Business Unit's goals & objectives. If this sounds like you, read further.

The Business Unit Risk Manager for MRUS will have a significant role in risk management strategy and mitigation of unwanted exposure in alignment with the global Integrated Risk Management mandate.

This role will coordinate with de-central risk owners to ensure there are no gaps in the identification and management of risks and alignment with group risk management processes. Ensure overall risk profile is transparent to management through quarterly risk reporting and presentation to the Business Unit Leadership Team, US Non-Life Risk Management Committee and the Board of Directors. Coordinate with the regional risk management function and lead the implementation of risk management best practices and their evolution in the business unit.

Requirements
  • Monitor and report on risk management processes & related controls through the Operational Risk Control System. Support Process Owners in the development of risks and controls. Additionally, the Risk Manager may also support a local risk register with further detailed/localized risks and mitigations outside of the global ORCS framework. Challenge & review effectiveness of controls and mitigations. (20%)
  • Prepare, review and/or analyze business unit materials presented to the Business Unit Leadership Team and periodically to the US Nonlife Risk Management Committee (RMC) and report on Risk quarterly to the Board in support of Corporate Risk Governance processes. Issue Statement of Risk Management for significant decisions. (20%).
  • Identify, monitor & report risks through the collaborative preparation of a quarterly Internal Risk Report. Participate in management meetings related to key company risks, including identification and risk assessment of significant projects. (15%)
  • Support the development, monitoring, and update of a Risk Strategy, Annual ORSA, various Risk Management Surveys. Participate in the development a business strategy that is consistent with the Risk Strategy (15%)
  • Develop risk culture and awareness by education of staff on risk management and group ERM practices. Communicate with external stakeholders (rating agencies, regulator & internal & external auditors) on ERM topics (15%)
  • Oversee the Business Continuity Program & coordinate the Emergency Management Group at the business unit level (15%).
  • Partner with the business on risk related projects as applicable to strengthen support and oversight in the early detection of issues and intervention that align with the various topics and time allocations noted above (ad hoc).
Qualifications:
  • Experience/exposure to Reinsurance, Personal, Commercial Lines Insurance product knowledge
  • Working knowledge of financial metrics used in Insurance
  • Understanding of Operational Risks and Controls in the Insurance Business
  • Leadership skills to influence, negotiate and inspire others
  • Ability to present and train on risk management concepts
  • Ability to understand mathematical concepts
  • Broad relationships throughout the organization in all operational areas
  • Ability to collaborate with peers in the international organization
  • Communication Skills: Clearly and concisely verbally and in writing using appropriate language and examples; when presenting, effectively captures the audience's attention through the use of professional presentation techniques; actively listens to others to ensure understanding of issues; executive presence


At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Risk Manager

    4 weeks ago

    Princeton, United States Diverse Lynx Full time

    The Risk Management Specialist/Expert will actively participate on multiple integrated product teams (IPT), providing risk management subject matter expertise needed to fulfill the critical planning and execution requirements that contribute to program success. The role will assist the IPTs with the risk planning, development/refinement, initiation, and...

  • Head of Technology Risk, Cyber Risk and Data Governance

    4 weeks ago

    Princeton, New Jersey, United States S&P Global Full time

    About the Role:Grade Level (for internal use):14S&P Global delivers essential intelligence that powers decision making. We provide the world's leading organizations with the right data, connected technologies and expertise they need to move ahead. As part of our team, you'll help solve complex challenges that equip businesses, governments, and individuals...

  • Business Services Associate

    2 weeks ago

    Princeton, New Jersey, United States Canon Business Process Services Full time

    OverviewThe Business Services Associate will provide executive administrative support, streamlining processes, communication and activities across the business unit.Responsibilities Partner with business leaders and their teams to understand business strategy, products, processes, and systems and to support the day-to-day operations of their department Gain...

  • Director Risk Management, Drug Safety

    4 weeks ago

    Princeton, United States ACADIA Pharmaceuticals Inc. Full time

    Please note that this position is based in Princeton, NJ. Acadia's hybrid model requires this role to work in our office three days per week on average. The Director, Risk Management (RM) is responsible for overseeing the Acadia Risk Management System including the process for signal detection and safety issue assessment and for leading any related risk...

  • Business Services Associate

    4 weeks ago

    Princeton, United States Canon Business Process Services Full time

    Overview The Business Services Associate will provide executive administrative support, streamlining processes, communication and activities across the business unit. Responsibilities * Partner with business leaders and their teams to understand business strategy, products, processes, and systems and to support the day-to-day operations of their...

  • Business Development Manager

    3 days ago

    Princeton, New Jersey, United States ISMG - Information Security Media Group Full time

    About UsInformation Security Media Group (ISMG) is a global Intelligence & Education firm serving the Cybersecurity industry by offering news, views, & research all focused on the top topics faced by professionals in the security space today With 15 brands, 37 digital media properties, over 300 in-person & virtual events annually, & a global audience of 1.2M...

  • Business Development Manager

    1 week ago

    Princeton, United States ISMG - Information Security Media Group Full time

    Job DescriptionJob DescriptionOur StoryInformation Security Media Group (ISMG) is a global Intelligence & Education firm serving the Cybersecurity industry by offering news, views, & research all focused on the top topics faced by professionals in the security space today! With 15 brands, 37 digital media properties, over 300 in-person & virtual events...

  • Business Development Manager

    2 days ago

    Princeton, United States ISMG - Information Security Media Group Full time

    Our Story Information Security Media Group (ISMG) is a global Intelligence & Education firm serving the Cybersecurity industry by offering news, views, & research all focused on the top topics faced by professionals in the security space today! With 15 brands, 37 digital media properties, over 300 in-person & virtual events annually, & a global audience of...

  • Director, Business Continuity Management

    2 weeks ago

    Princeton, New Jersey, United States Bristol-Myers Squibb Company Full time

    **Working with Us** Challenging. Meaningful. Life-changing. Those arent words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the...

  • Business Development Manager

    7 days ago

    Princeton, United States ISMG - Information Security Media Group Full time

    Our Story Information Security Media Group (ISMG)  is a global Intelligence & Education firm serving the Cybersecurity industry by offering news, views, & research all focused on the top topics faced by professionals in the security space today! With 15 brands, 37 digital media properties, over 300 in-person & virtual events annually, & a global audience of...

  • Senior Manager

    2 days ago

    Princeton, United States Hiring Now! Full time

    Working with Us Challenging. Meaningful. Life-changing. Those aren't words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the...

  • Business Analyst

    2 weeks ago

    Princeton, New Jersey, United States Munich Re Full time

    Business Analyst Company Munich Re America Location Princeton , United States The Company Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property,...

  • Risk Underwriter

    2 weeks ago

    Princeton, New Jersey, United States Coface North America Insurance Full time

    Job Details LevelExperienced Job LocationUndisclosed Remote TypeN/A Position TypeUndisclosed Education Level4 Year Degree Salary RangeUndisclosed Travel PercentageUndisclosed Job ShiftUndisclosed Job CategoryUndisclosed WHO WE AREA modern and agile company with the most finely meshed international network, Coface is a reference in credit insurance and risk...

  • Principal, Risk Assessment/Toxicology

    3 weeks ago

    Princeton, United States Ramboll Full time

    Job Description West Coast or East Coast, US West Coast locations: Portland, OR, Seattle, WA, or San Francisco/Oakland/Bay Area, Irvine, Los Angeles, CA East Coast locations: Princeton, NJ, Arlington, VA, or Boston, MA Are you eager to develop your excellence in an inclusive, collaborative, and empowering community? Are you excited about joining...

  • Principal, Risk Assessment/Toxicology

    2 weeks ago

    Princeton, United States Ramboll Full time

    Company DescriptionJob DescriptionWest Coast or East Coast, US West Coast locations: Portland, OR, Seattle, WA, or San Francisco/Oakland/Bay Area, Irvine, Los Angeles, CA East Coast locations: Princeton, NJ, Arlington, VA, or Boston, MA Are you eager to develop your excellence in an inclusive, collaborative, and empowering community? Are you excited...

  • Executive Director, Supplier Risk and TPRM

    4 weeks ago

    Princeton, New Jersey, United States Bristol Myers Squibb Full time

    Working with UsChallenging. Meaningful. Life-changing. Those aren't words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the...

  • Business Process Improvement Manager

    2 weeks ago

    Princeton, New Jersey, United States Knewin Full time

    Job Details Job Location :NJ Headquarters - Princeton, NJ Salary Range :Undisclosed Description Rel8ed joined Coface ) in 2023, bringing our data assets and tools to a broad customer base in international trade and business risk assessment. This combination of unique information and global reach presents important new problems to solve, and makes Rel8ed...

  • Director, Business Resilience

    2 weeks ago

    Princeton, United States Bristol-Myers Squibb Full time

    **Working with Us** Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms...

  • Director, Business Resilience

    1 week ago

    Princeton, United States Bristol-Myers Squibb Full time

    **Working with Us** Challenging. Meaningful. Life-changing. Those aren't words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms...

  • Internal Audit

    4 weeks ago

    Princeton, United States EisnerAmper Full time

    Job Description At EisnerAmper, we look for individuals who welcome new ideas, encourage innovation, and are eager to make an impact. Whether you're starting out in your career or taking your next step as a seasoned professional, the EisnerAmper experience is one-of-a-kind. You can design a career you'll love from top to bottom - we give you the tools you...