Risk Manager

Risk Manager

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Job Level:  Professional Location: 

Zurich, CH

Area of Expertise:  Risk Management Unit:  Allianz Partners Employing Entity:  AWP P&C S.A., Saint-Ouen Paris, succursa Job Type:  Full-Time Remote Job:  Hybrid working Employment Type:  Permanent ID:  50663 Position Cluster:  Non-Executive

What you do

The Risk Manager will work in the Allianz Partners Risk Management department, being responsible for implementing and coordinating Risk Management activities across Mobility & Assistance (focused primarily on the DACH Region) and Health Lines of Business (‘LoBs’), in close cooperation with the global Allianz Partners Risk Management teams. In addition, the role will include responsibility for overseeing all aspects of risk management within the Allianz Partners Swiss branch office, ensuring compliance with regulatory requirements set forth by FINMA and other relevant authorities.

The role will involve developing, implementing, and monitoring, risk management policies and procedures to mitigate potential risks and safeguard the financial stability of the company  – this will be done in cooperation with other Risk Managers, in compliance with Allianz Partners’ Risk Management framework and by leveraging globally implemented risk management programs.

Allianz Partners is a global company with expertise in assistance, health, travel and automotive solutions, present in 75 countries with a powerful network of over 900,000 committed professionals.

The Mobility & Assistance LoB includes: Roadside Assistance, Motor Warranty, Home Assistance and Mobile Device/Digital Risks product offerings within Allianz Partners. The Health LoB provides: health, life and disability insurance; reinsurance; Third Party Administration; digital health and wellbeing services and a range of employee benefits.

The role will collaborate closely with first and second line of defense leaders across the company in the respective LOBs.

Strong cross-functional exposure, access to senior leaders, and our collaborative culture are only a few of the reasons our employees are happy here. We’re also among the largest insurers in the world, which gives our employees a stable base from which to learn, grow, and take bold risks.

• Oversee, coordinate and lead Risk Management topics for Allianz Partners’ M&A and Health lines of business, including topics across global locations as required
• Act as Single Point of Contact for Risk topics for local Regulators, Risk colleagues and Allianz Partners employees.
• Be an integral part of the Risk Management team at Allianz Partners. Lead, participate and closely collaborate with other Allianz Partners Risk Managers and Risk colleagues on Risk topics and activities.
• Develop and maintain a good understanding of the M&A and Health business and liaise closely with management to have a ‘finger on the pulse’.
• Ensure that relevant Risk Management inputs for Regulatory requirements are understood for Business Units within your responsibility and that associated Regulatory deliverables and deadlines are met.
• Lead key projects related to risk containment in coordination with local management and line of business Risk colleagues.
• Provide Risk direction and challenge to the business, coordinate contributions and documentation.
• Lead and participate in global Risk Centres of Competence and related Risk programs.
• Ensure the implementation and management of the Allianz Risk Framework (including: polices, standards, guidelines and rules) and facilitate Risk Management processes and delivery support (this includes among others, the Top Risk Assessment and Internal Control Framework);
• Coordinate, develop and maintain the risk governance arrangements, including governance and risk tolerance and appetite approach on existing and emerging risks;
• Develop and ensure appropriate monitoring of identified key risks and implement effective programs and controls;
• Coordinate the effective implementation and maintaining of a network of Risk and Internal Control Coordinators as well as the provision of risk training to the wider business. Promote a positive Risk Culture within the business;
• Ensure that the priority risks are brought to the attention of the Head of Risk, in the relevant line of business and that appropriate mitigation actions are initiated. Support the development of consistent reports for the relevant governance bodies;

Key responsibilities for Swiss insurance branch office :

• Develop and maintain comprehensive risk management frameworks in accordance with FINMA regulations, including Art. 27 VAG, and other relevant guidelines.
• Conduct regular risk assessments and evaluations to identify potential risks and vulnerabilities within the organization.
• Implement risk mitigation strategies and controls to minimize exposure to financial, operational, and regulatory risks.
• Monitor key risk indicators (KRIs) and performance metrics to assess the effectiveness of risk management efforts.
• Coordinate with various departments and stakeholders to ensure alignment of risk management activities with business objectives.
• Prepare and present risk reports and findings to senior management and regulatory authorities as required.
• Develop and maintain the operational risk governance framework, including the operational risk register and key risk indicators (KRIs), as part of the operational risk management process. Collaborate with relevant stakeholders to ensure alignment of ORGS with internal control systems (IKS) and regulatory requirements, as outlined in Article 96, paragraph 2, letter d of the AVO. Conduct periodic reviews and assessments of ORGS and IKS effectiveness, identifying areas for enhancement and implementing necessary improvements to strengthen the overall risk management and internal control framework.
• Facilitate the implementation and adherence to robust corporate governance practices within the insurance branch office, ensuring compliance with Art. 14a AVO and FINMA-RS 17/2 guidelines.
• Lead and oversee the implementation of the Own Risk and Solvency Assessment (ORSA) process, ensuring compliance with Art. 96a AVO and FINMA-RS 16/3 guidelines, i.e. collaborate with key stakeholders to conduct comprehensive ORSA exercises, assessing the company's risk profile, capital adequacy, and solvency position. Ensure that ORSA findings are integrated into the overall risk management framework and used to inform strategic decision-making processes. Facilitate the preparation and submission of ORSA reports to regulatory authorities, demonstrating compliance with regulatory requirements and commitment to sound risk management practices.

 

What you bring

 

• Masters or Bachelor’s degree in Business, Finance, or related field or equivalent combination of work and education experience.

• At least 3 years’ experience in Risk Management, Internal Control, Project Management or international support in the insurance or financial services sector.

• Candidates with Solvency II / Basel II experience, or proficiency with a Risk specialist skill an advantage.
• Ideally a Risk Management accreditation, Internal Control or Accounting qualification.
• Strong understanding of Swiss insurance regulations, including the AVO, and experience working with FINMA.
• Detailed understanding and knowledge of best practices and trends in Risk Management and Internal Control.
• Team player, excellent interpersonal and communication skills in a multi-cultural context. The ability to work with colleagues of all levels of seniority to ensure in-depth understanding of the business/business context, particularly in the wider global businesses, and early identification of risks.
• Strong IT user skills, very good user knowledge of Microsoft (Excel, Word, PowerPoint)

• Proven ability to communicate effectively with stakeholders at all levels, including senior management and regulatory authorities, in English. Proficiency in German would be a plus.

What we offer

Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs, ambitions and we enjoy being a part of their journey.

We are there to empower and encourage you with your personal and professional development ensuring  that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is key priority for us. This is why we build Work Well programs to providing you with peace of mind and give the flexibility in planning and arranging for a better work-life balance.

50663 | Risk Management | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. 
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. Let's care for tomorrow.

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