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Risk Manager (Insurance)

Job Title: Risk Manager (Insurance)
Contract Type: Permanent
Location: Ta' Xbiex, Malta
Salary: €50,000 - €60,000
Reference: 4744
Contact Name: John Montanaro
Job Published: February 06, 2019 10:53

Job Description

An international Insurance Company is looking for a Risk Manager (Insurance) who will be accountable for the performance of the Risk Management function.

The Insurance Risk Manager will have a variety of tasks and responsibilities as follows:

  • To help maintain the Risk Management Framework systems and processes, and to support the identification and evaluation of the key risks facing the company
  • To collate and validate risk information mainly from the other key functions of the company
  • To liaise with the Actuarial and Finance functions in the valuation of Technical provisions
  • To assist in the completion of corporate risk models and the standard formula
  • Assisting with risk management processes such as the risk and control self-assessment process (ORSA)
  • Assist in the completion of quantitative reporting templates (QRT's)
  • Maintaining compliance with the system of governance requirements under Solvency II and promoting sound corporate governance practices
  • Business continuity plan, succession plan management and coordination of operational risk mapping
  • Implement the Risk Appetite policy and ensuring that it reflects the current and future risk profile of the business.
  • Ensure actuarial work is appropriately produced and communicated
  • Build relationships with MGA(s) and/or Authorized (underwriting) agents in order to achieve a good overview with regard to the risks and mitigating actions regarding the outsourced processes
  • Provide strategic advice to the Insurance management team and timely information concerning risk profiles and emerging risk issues.


  • Bachelor’s Degree in business administration, insurance, finance, mathematics or similar subjects
  • Risk Management or financial services qualification from a reputable professional or tertiary education institution
  • Experience in managing risks in an insurance business
  • Good understanding of the nature and dynamics of Risk and financial markets where the market context is highly complex, rapidly changing or is unprecedented
  • Strong knowledge of the insurance market, underwriting philosophy, techniques, national/local regulatory environments and guidelines
  • Availability for travel abroad to meet and/or audit clients/partnering agents

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