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    AVP Risk Manager - New York, United States - SCOR

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    Job DescriptionAbout SCORSCOR, a leading independent global reinsurer, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk.

    Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments.

    Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.
    The AVP Risk Manager is responsible for capital analysis, related capital projections, and affiliate retrocession analysis.

    You will lead and participate in quantitative and qualitative risk analyses including assessment of scenarios, emerging risks and business initiatives at local, P&C or Group level.

    In this role you will assist the CRO and team to ensure that risk management activities are appropriately interlinked with relevant business and decision-making processes to further spread the risk culture across the organization and to foster the understanding and optimization of the risk return profile, ensuring the applicable legal and regulatory requirements are met in a timely manner.

    The requirements of this position may evolve over time according to SCOR's circumstances.

    ResponsibilitiesKey duties and responsibilitiesRisk management framework and analysis Maintain and enhance risk measurement models inclusive of reporting in coordination with local, P&C and Group stakeholders.

    Calculate and review capital requirements; develop, maintain and enhance associated models. Coordinate with Group modeling teams to calculate and report legal entities' economic capital. Lead the performance and documentation of ORSA processes. Manage related risk analyses including capital adequacy testing, scenario/ stress testing and qualitative assessments. Contribute to the development of extreme deterministic scenarios in coordination with Group Risk Management teams and transverse functions. Participate in validation of group internal model inputs and outputs. Coordinate analysis and pricing of affiliate retrocession agreements. Participate in the identification, assessment and monitoring of emerging risks and trends. Contribute to risk analyses to meet ad-hoc local or group-wide needs.
    Reporting and governance Maintain and enhance monitoring tools and key risk indicators in coordination with Group. Prepare and review materials for internal risk / solvency reporting to management and board. Contribute to external risk/solvency reporting and communication to auditors, regulators, and supervisory authorities. Document adherence to internal policies and regulatory requirements.

    Alignment with Business stakeholders Assist business areas/risk owners in the development of key risk indicators to identify and evaluate business areas' risks.

    Support the enhancement and alignment of risk policies, processes and reporting to ensure consistency and enable aggregation at Group level.


    QualificationsRequired experience & competenciesExperience:

    More than ten years of work experience with increasing levels of accountability in the Property & Casualty (P&C) industry, ideally within P&C commercial (re)insurance.

    Experience with actuarial and financial risk modeling, including both regulatory capital formulas (RBC / MCT / BAT) and internal economic modeling frameworks is advantageous.


    Personal Competencies and Skills:
    Strong analytical and statistical capabilities with ability to critically assess assumptions and risks underlying business plans/transactions. Experience with model development is a plus.

    Knowledge of P&C (re)insurance business and ability to apply sound business and financial judgment to model output and business plans/transactions.

    Strong written and verbal communication skills; concise and accurate in communicating with stakeholders. Ability to apply skills/work in a variety of ad hoc situations, proactively proposing and balancing a range of solutions. Ability to take the lead in cross-functional projects.

    Ability to deliver results for review in a timely manner, being proactive in managing deadlines including management of dependencies on others, with strong sense of accountability and high quality of outputs presented for review.

    Build strong relationships within risk management and other functions, locally and across the Group and the P&C business unit. Strong understanding and awareness of legal and regulatory compliance requirements.
    Required Education BS or higher in Mathematics, Actuarial Science, Economics or related field. Qualification in a globally recognized actuarial and/or equivalent risk management organization.


    Hybrid Work Policy:


    SCOR is committed to an "in-office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility.

    To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement.

    SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely."In compliance with local law, we are disclosing the compensation, or range thereof, for roles that will be performed in New York.

    Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees.


    Pay Range:
    $180,000 - $220,000 salary per year. Other rewards may include annual bonuses, short- and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off."About UsSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk.

    Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments.

    Our specialized teams operate in over 160 countries, fostering long-term relationships with clients. In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face. At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR's success.

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