Credit Risk Manager/Senior Credit Risk Manager (hybrid role with 80-100% working degree)

Swiss Re

  • London
  • £88,000 per year
  • Permanent
  • Full-time
  • 22 days ago
About theTeam:The SFRM (Solvency Financial Risk Management) department of Swiss Re reports directly to the Group Chief Risk Officer and is a team of expert risk managers that maintains responsibility for the oversight and control of all financial market and credit risks across the Swiss Re Group. The FRM department's mission is to ensure that all financial risks across the Swiss Re Group and its Business Units are fully understood, appropriately governed and valued, as well as transparently monitored and controlled. The CRM team identifies, measures, monitors and controls credit default and migration risk, and ensures that Swiss Re's credit risk profile is transparent to management and appropriate relative to Swiss Re's risk appetite.About the Role:As a Senior Credit Risk Manager within Credit Risk Management (CRM), you will be working on a specialized team responsible for risk oversight of Swiss Re's insurance sector. The successful candidate will ensure appropriate risk identification, capture and monitoring of insurance credit risk accumulations across Life & Health, Property & Casualty, Asset Management, and Corporate Solutions businesses.As a member of the Insurance team, you will be responsible for a wide range of credit analytical and risk management activities associated with insurance sector companies. Your counterparty assessments will form the basis of defining credit risk limits and ratings for credit-intensive transactions and inform risk steering. You will lead risk dialogues with senior business stakeholders and deliver presentations to senior management. You will provide risk management input for negotiated terms in structured transactions involving insurance sector companies to ensure appropriate credit risk mitigants and resultant exposure relative to Swiss Re's risk appetite. You will also contribute to the development of various credit risk analytical and risk management tools to enhance analytical value added and overall team efficiency and effectiveness.The role's main tasks and responsibilities are to:
  • Review and assess large and/or complex Insurance/Reinsurance transactions with embedded credit risk
  • Identify and measure credit risk in bespoke structured transactions and recommend credit risk-taking appetite
  • Propose and define methodologies to ensure appropriate capture of credit risk and its reflection in costing, capital and steering tools
  • Analyze and manage a discrete (re)/insurance portfolio. Responsible for comprehensive and timely credit analysis and annual reviews for assigned portfolio
  • Develop, maintain and improve risk control frameworks around financial credit risk in close collaboration with businesses and other support functions
  • Contribute to the production of regular senior management and ad-hoc risk reporting
  • Maintain a continuous and effective dialogue with colleagues with a wide array of internal stakeholders
  • Own and drive projects and transaction review to completion independently
About You:
  • Solid academic track record with advanced degree in economics, finance, or other relevant social science field. Professional designation, such as CFA and/or FRM, is a plus.
  • Strong analytical skills, problem-solving mindset and ability to make thematic and conceptual connections across a global firm
  • 7+ years' experience in transaction review, credit analysis, credit risk methodology, structured finance and/or insurance sector
  • Desire and ability to create joint movement within a Team to drive and complete cross functional tasks
  • Ability to (re)prioritize workload in a fast-paced/deadline-oriented environment
  • Superlative organizational skills, attention to detail and ability to multi-task
  • Strong verbal and written communications skills
  • Demonstrated passion to perform with highest level of integrity, professionalism and desire to work in a tight knit team environment
  • Dedicated team-player with solid communication and interpersonal skills to work collaboratively and effectively in a global team setting
  • Sound judgement, courage to speak up, and self-awareness
  • Proficiency in Excel, Python, R and/or Power BI is required.
Swiss Re has a hybrid work model where the expectation is that you will be in the office three days per week.The base salary range for this position is between 88,000 GBP and 132,000 GBP (for a full-time role). The specific salary offered considers:·the requirements, scope, complexity and responsibilities of the role,·the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience.In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits.Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.About Swiss ReSwiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.Keywords:
Reference Code: 134977

Swiss Re