Luxembourg City, LU

CRO Swiss Re Europe & Head Legal Entity Risk Management EMEA (Hybrid- m/f/x/d - 80-100%)

About the role


We are offering a unique opportunity for you to become the Chief Risk Officer of Swiss Re Europe (SRE), a composite legal entity covering the majority of Swiss Re's European P&C and L&H reinsurance risk, and to lead the dynamic EMEA legal entity risk management team. In this role, you will be part of the Swiss Re Europe Management Committee and represent Risk Management in the Board of Directors' meetings. You will be part of the P&C Risk Management leadership and your team will be the risk partners for the SRE General Manager and EMEA Market Unit heads. As the SRE CRO you will be a "key function holder" under EU Solvency II regulation.


Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. Risk Management's mandate is to make Swiss Re and all its businesses and legal entities resilient, so that we can honour the financial promises that are part and parcel of the insurance and reinsurance covers we sell.


Core responsibilities:

  • Pro-actively and autonomously leading a team of risk managers to manage SRE and its branches, including SRE UK and Swiss Re Africa Limited (SRAf)

  • Identifying, assessing, monitoring, mitigating and reporting material risks to the SRE Management team, SRE Branch managers and the Board of Directors

  • Representing the Risk Management function in interactions with SRE's supervisor, the Commissariat aux Assurances (CAA) and overseeing your team's interactions with UK and South African regulators

  • Overseeing and maintaining the risk management system and control framework for SRE, SRE UK and SRAf in adherence with regulatory and governance requirements

  • Reviewing material transactions that are covered by SRE, as well as reviewing and signing-off appropriate group-internal retrocession

  • Monitoring and maintaining the legal entity capital and liquidity positions to remain within SRE's target capitalisation. Ensure preparedness for changing regulatory environment

  • Ensuring that SRE's business is in line with the risk strategy of the wider Group as well as the P&C and L&H Reinsurance Business Units. Collaborating closely with the CROs of Swiss Re's other Luxembourg-based legal entities (for Swiss Re's Corporate Solutions and iptiQ business units)

  • Performing a risk tolerance assessment on SRE's business plan, carrying out the Own Risk and Solvency Assessment (ORSA) and ensuring the ongoing appropriateness of SRE's internal model for calculating Solvency II capital requirements

  • Risk partnering for the Luxembourg General Manager and Market Unit heads in EMEA and providing active feedback on their risk-taking behaviors

  • Close collaboration with other P&C risk management teams on insurance risk oversight, and liaising with other key functions across Swiss Re Group such as regulatory affairs, Finance carrier management, Legal & Compliance and Group Sustainability


About the Team


This is a great opportunity for you to become part of the global P&C Reinsurance Risk Management team and lead a small but highly motivated team based across five locations, Luxembourg, London, Zurich, Munich, and Cape Town. We embrace change as an opportunity and enjoy our different backgrounds and skills to offer our business partners a great variety of capabilities. A good sense of humour, inclusion, care and collaboration are important to us as well as the ability to provide feedback with integrity.


About You


  • Experience in managing a composite legal entity covering L&H and P&C risk in Solvency II environment

  • Big picture thinker with the ability to connect the dots

  • Focus on what matters and with a good level of pragmatism to get things done

  • Seasoned risk management leader with a sharp eye on new or emerging risks

  • At ease to liaise at all hierarchical levels with proven courage to speak up

  • People leader who empowers teams to fully own assigned areas of responsibility

  • Passion for development of team members to become holistic risk managers

  • Knowledge of European insurance regulatory environment

  • Excellent ability to communicate complex issues concisely, especially toward senior management

  • Strong command of English is expected, other languages a plus, especially French


We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.


About Swiss Re


Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.



Reference Code: 126606 



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