Sr. Risk Manager & ISO

JobsCloseBy Editorial Insights

NewRe, a Swiss reinsurer founded in Zurich and part of the Munich Re Group, is seeking a Senior Risk Manager & ISO to join its Risk Management division in Zurich. Reporting to the Chief Risk Officer, you will oversee both qualitative and quantitative risk topics, share responsibility for SST and ORSA outputs, own the SST balance sheet methodology, and drive the Financial Condition Report, derivative risk management, liquidity risk framework, and IT and Third Party Risk Management initiatives in collaboration with senior stakeholders. The ideal candidate has 7+ years in risk management within (re)insurance or audit/consulting, strong capital modelling and statistical skills, SST or SII reporting experience, and fluency in English; professional qualifications like CERA or CFA are a plus, along with an independent yet collaborative mindset. To apply, tailor your CV to highlight SST/SII, liquidity, and IT risk achievements with metrics, demonstrate cross-functional delivery, and align with NewRe’s values and hybrid culture. Apply online.

New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurer founded in Zurich in 1926. As a company within the Munich Re Group, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of intelligent reinsurance products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty products. Our clients highly appreciate our swift and pro-active approach when responding to their needs and market developments.

We are looking for an experienced, collaborative risk manager with excellent communication skills to join our Risk Management division. Reporting into NewRe’s Chief Risk Officer, you will be responsible for an array of topics covering both qualitative and quantitative risk management. As part of a very senior and highly professional team, you will share responsibility for key legal entity products such as the ORSA and SST reports. 

Your responsibilities

• In the annual SST calculations, generate the SST balance sheet and own its methodology
• Own the Financial Condition Report creation, working closely with the Accounting, Controlling & Reporting, and business teams.
• Operate and continuously enhance derivative risk management and reporting.
• Drive, in tandem with relevant stakeholders, the implementation of NewRe's liquidity risk management framework.

• Drive the IT Risk Management framework in close collaboration with Munich Re Group colleagues.
• Drive and support selected other non-financial risk topics, including Third Party Risk Management.

Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role.

Your profile

• University degree in mathematics/science, or related quantitative subject
• Minimum of 7 years experience in risk management in the (re)insurance or audit/consulting space
• Ideally: Tertiary qualification e.g. CERA, qualified actuary, CFA 
• Experience of capital modelling techniques and statistical methods used in risk management as well as the capital market exposures associated with re/insurance activities
• Reporting experience in either an SST or SII environment 
• Enthusiastic about working in a highly experienced and committed team
• Excellent communication and organisational skills
• Independent working style
• Fluent in English

Your future benefits

At NewRe our employees are our main asset. We therefore embrace a flexible hybrid working model appreciating its positive impact on our achievements and wellbeing, while acknowledging the important role of social interaction. We believe that all of this is fundamental to the performance of our company. Together we create a compelling and shared purpose and direction.

As an employer, we take pride in encouraging a company culture of mutual trust and esteem. Likewise, we attach great importance to nurturing an inclusive working environment where different thoughts, generations, cultures and experiences are valued and encouraged. Our commitment to equal treatment of all employee is reflected in our pay practice that has been awarded the attestation for equal pay by Willis Towers Watson (following the Swiss Federal Act on Gender Equality).

We love challenges and flexibly bundle our experience and personalities to deliver outstanding results. Embracing new ways of working and digitalisation, we grow with our customers and partners. To learn more about us, check out www.newre.com.

We look forward to receiving your application by clicking on the button 'Apply online'.