Risk Expert

Job Title: Risk Expert
Location: Luxembourg
Industry: International Insurance

Job Overview:
We are seeking a skilled and experienced Risk Expert to join our international insurance team in Luxembourg. The ideal candidate will play a key role in managing risk reporting and supporting the company's Risk Management Framework, with a focus on both Life and Non-Life insurance entities. You will be responsible for maintaining the ORSA report, SFCR, RSR, QRTs, and ensuring compliance with the Solvency II (SII) regulatory framework.

Key Responsibilities:

• ORSA & Risk Reporting: Maintain and develop the annual ORSA report and other risk-related reports such as the Solvency and Financial Condition Report (SFCR), Regular Supervisory Report (RSR), and Quarterly Reporting Templates (QRTs) for both Life and Non-Life entities.
• ALCO & RICO Support: Assist in the preparation of agendas for Asset Liability Committee (ALCO) and Risk Committee (RICO) meetings, including collecting and preparing supporting documentation, and writing the minutes.
• Key Risk Indicators (KRIs): Support the design and continuous monitoring of KRIs to ensure the company's risk profile aligns with its strategic objectives.
• Risk Management Framework: Collaborate with first-line risk owners to ensure consistent application of the Risk Management Framework. Help identify, assess, manage, monitor, and report material risks across the organization.
• Ad-hoc Analysis & Quality Reviews: Conduct ad-hoc risk analyses and perform quality reviews to enhance the effectiveness of the company's risk management processes.
• Policy Development: Maintain and develop policies based on the applicable governance framework, ensuring they meet regulatory requirements and align with best practices.
• Stakeholder Management: Build and maintain positive working relationships with internal and external stakeholders to support the achievement of key outcomes in risk management and compliance.
• Risk Culture: Promote a culture of strong risk awareness across the company, ensuring that all employees understand their role in risk management.

Qualifications:

• Minimum of 5 years of experience in risk reporting or risk management within the insurance industry. (Candidates with 3-4 years of strong reporting experience will also be considered.)
• In-depth understanding of the local regulatory framework and Solvency II (SII) regulations.
• Experience working with both Life and Non-Life insurance entities is preferred, but candidates with Non-Life experience will also be considered.
• Solid knowledge of Pillar 1 and Pillar 2 requirements under Solvency II.
• Fluent in both English and French (written and spoken).
• Strong analytical skills with a keen attention to detail.
• Excellent communication skills and the ability to work effectively with cross-functional teams and senior stakeholders.