Senior Credit Risk Manager

 

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
• Advanced Excel knowledge required. Programming experience is a plus

 

 

 

Swiss Re has a hybrid work model where the expectation is that you will be in the offi