Title:

CRO and Reinsurance Risk Manager

Company:

Everest Reinsurance Company (Ireland), Dac

Job Category:

Risk Management

Job Description:

Who are we?

Everest is a leading global reinsurance and insurance organization with extensive product and distribution capabilities, a strong balance sheet and an innovative culture. Throughout our history, Everest has maintained its discipline and focus on creating long term value through underwriting excellence and strong risk and capital management.

At Everest, we believe that our future is determined by the actions we take today. Actions that go beyond business strategy and encompass the values important to our employees and the communities in which we operate. Everest’s value commitments include: providing an inclusive work environment that offers employees the opportunity to further their development, supporting our communities through the donation of time and financial resources, maintaining our integrity across all aspects of the group, and being an industry innovator to solve global complex risks.

Summary

The CRO and Reinsurance Risk Manager offers a new and exciting opportunity for an experienced risk professional to provide independent oversight of risk for all aspects of Everest Reinsurance Company (Ireland), Dac (“ERCID”) and build on Everest’s existing strong risk culture, actively promoting a culture of effective risk awareness, risk management and governance across the Global Reinsurance Division.

This position can be located from either Dublin, London or Zurich with a hybrid schedule of working two days remote each week.

Key Accountabilities:

As the CRO for ERCID the incumbent will:

• Be responsible for leading, developing, implementing, and maintaining the risk management framework.

• Ensure appropriateness and consistency of risk management strategies, governance and policies in conjunction with Everest’s Group ERM and support the Compliance Function to maintain and enhance the regulatory compliance framework.

• Continue development of a cohesive control framework and risk appetites in local entities.

• Lead annual Own Risk and Solvency Assessment (ORSA) reporting and support regulatory inquiries and requests.

• Leads the activities related to internal risk reporting with ERCID management and board as well as to Group ERM and Risk Committees.

• Direct regional Solvency II regulatory capital modelling work and the development of Risk Mitigation Plans.

• Establish key risk indicators within the businesses, monitor and evaluate against prescribed appetites.

As Global Reinsurance Risk Manager this individual will:

• Identify emerging key risks in collaboration with underwriting and other stakeholders – using external as well as internal perspectives to anticipate changes and assess impact on our environment.

• Facilitate adoption of Everest’s ERM framework within the Reinsurance Division, ensuring clear roles and responsibilities across the Three Lines of Défense.

• Maintain alignment and consistency with Everest’s ERM framework, processes and tools.

• Identify new risk technology and tools to improve the efficiency and consistency of risk monitoring and reporting across the Reinsurance Division.

• Support implementation and execution of risk self-assessments, control testing and risk event management with first line stakeholders.

• Oversee any risk remediation as deemed necessary.

• Perform periodic review of operational resiliency policies.

• Oversee execution of resiliency exercises to ensure effectiveness of continuity plans and employee notification protocols .

• Manage Reinsurance Division engagement with internal risk committee reporting up to local and executive management.

• Assist in annual Own Risk and Solvency Assessment (ORSA) reporting and support regulatory inquiries and requests.

Qualifications, Education & Experience:

• Proven experience in risk, ideally with a global remit

• Actuarial qualification a plus

Knowledge, Skills & Competencies:

• Extensive knowledge and understanding of operational and financial risks within a global (re)insurer, including experience of Solvency II.

• Strong problem solving, analytical and numerical skills

• Proven ability to influence.

• Ability to develop effective working relationships across the business.

• Excellent written and verbal communication skills.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.

• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

Type:

Regular

Time Type:

Full time

Primary Location:

Dublin, Ireland

Additional Locations:

London, Zurich