Risk Manager - Singapore - SCOR

SCOR

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

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Description

Job summary (This is a 12 months contract position)
Enterprise Risk Management (ERM) supports the strategic objectives defined by the Group. The ERM is defined and maintained within the CRO area.

Through the different specialized departments, the CRO area monitors adherence of SCOR's risk profile to the defined risk appetite, optimizes the risk composition, provides analyses and independent opinion on risks and business opportunities, and defines internal standards and mechanisms used to identify, assess, monitor and respond to SCOR's risk.

The risk reporting activities are led by the Risk Reporting Team within the Risk Capital department in the CRO area.

Its mission is to ensure that regular external and internal risk reports are provided in line with approved governance (e.g., risk dashboards, ORSA reports, regulatory and public risk reports).

As a member of the Risk Management team in APAC, you will contribute to the risk management activities related to P&C business within the APAC region and for the assigned entities of the Hub Singapore network.

You will in addition, as a member of the Risk Reporting department, support and contribute to the relevant activities and ongoing development of risk reports across the Group.

Key duties and responsibilities

Manage stress tests and scenario analyses for assigned entities, incl. engaging relevant stakeholders, and further develop the prospective capital assessment approach as applicable, in coordination with the capital, finance and reserving teams and contribute to the analysis and documentation of the scenario results.
Contribute to the preparation and production of internal risk reporting (i.e., ORSA, risk dashboards, solvency reports etc.) and external risk reporting.
Perform portfolio analysis and monitor portfolio developments for the assigned entities.
Contribute to risk analyses with regards to risk profile / risk drivers, capital adequacy and key risks.
Contribute to the monitoring of riskrelated regulatory developments relevant to the Asia Pacific entities, i.e. monitor new and revised regulations, perform gap and impact analysis, meet regulatory expectations.
Participate in / contribute to risk enquiries, studies, and initiatives.
Contribute to the maintenance of the risk appetite and risk policies for assigned entities, i.e., propose risk appetite and limits, specific standards in accordance with local requirements.
Contribute to the continuous review and monitoring of the assigned entities' ERM framework effectiveness and efficiency.
Contribute to respond to regulatory inspections, internal and external audits incl. the implementation of remedial actions in relation to the risk management framework or riskrelated regulations.
Provide risk management guidance and support to the business, i.e. on business and regulatory matters.
Contribute to developing and managing relevant initiatives to further embed and strengthen a culture of risk awareness within the organization/entities (e.g., ERM trainings and communication).
Provide support to process owners on the Internal Control System ('ICS') in coordination with the ICS-CC team.

As a member of the Risk Reporting Team, contribute to the relevant activities and ongoing development of risk reporting (e.g., ORSA, risk dashboards) across the Group.

Contribute to the production of ORSA reports for assigned entities, incl. editing sections, progress monitoring. Support local and global quality reviews for ORSA reports.
Further contribute to the production of ORSA relevant central and adverse scenarios and contribute to review of ORSA scenario landscape / scope for Non-EEA ORSAs.
Manage the production of risk dashboards and perform quality reviews for risk dashboards.
Contribute to initiatives for developing and implementing approaches to continuously improve the quality and production efficiency of Risk Reports across the Group, incl. evolution of the Group Risk Dashboard, evolution of the processes to produce local Risk Dashboards and ORSA Reports, as well as related evaluation of tools / solutions to support report production processes.

Contract Duration:

Please note that this is a 12 months contract position with a potential to be converted into a permanent position.

Education:

Degree in Actuarial Science, Business, Economics, Mathematics or equivalent.
Certification in Risk Management or actuarial qualification is a plus.

Experience:

At least 5 to 7 years' experience in the nonLife insurance industry, preferably within reinsurance, collected either in a set of line functions, or as a consultant.
Experience within risk management or actuarial with a good understanding and awareness of RBC, capital management and enterprise risk management
Relevant experience in producing internal and public reportings, ideally risk reporting.

Personal Competences and Skills: