Area of Expertise: Risk Management
Employing Entity: Allianz Global Corporate & Specialty SE
Job Type: Full Time or Part Time
Employment Type: Permanent
ID: 70579
Let’s care for tomorrow.
We are seeking a highly experienced and strategic Global Head of Risk Management to join our executive leadership team and drive our comprehensive risk management strategies. The role is based in Munich (Germany).
Allianz Commercial is a trusted partner for a wide range of tailored commercial and specialty insurance solutions designed to protect MidCorp, Specialty and LargeCorp businesses.
The Team
You will sit in a newly created unit and report to the Chief Risk and Resilience Officer (CRRO), a Board Member of Allianz Commercial. As the Global Head of Risk Management, you will lead an integrated and diverse team of 8 direct reports and ~35 experts focused on Solvency Steering, Enterprise Risk Management, ALM & Investment Risk Steering as well as Underwriting Risks.
The Impact You Will Have
The Global Head of Risk Management is responsible for developing and implementing a robust enterprise risk management framework. You will ensure the company's financial stability, regulatory compliance, and strategic growth by proactively identifying, assessing, and mitigating risks across all business units.
Scope of responsibilities
You will lead the development and implementation of risk management strategies, ensuring they are integrated into business planning and decision-making processes. This involves overseeing risk identification, evaluation, and mitigation to protect the company's financial performance, reputation, and strategic objectives.
It is expected that you manage the global risk profile, maintain an integrated control system, and foster a strong risk culture through training and communication. Additionally, you will oversee insurance programs, collaborate with internal audit, stay updated on industry trends, and lead the risk management team to address emerging risks and challenges.
Your role is to ensure independent risk oversight and transparency, while recommending, maintaining, and reporting on AGCS' Risk Strategy.
A key part of your mandate will be to participate actively in the management team of the Allianz Commercial CRRO Management Team.
Building strong, lasting relationships with stakeholders across the Group (especially with Group Risk) and the broader industry will be essential in fostering collaboration and driving results. You will work closely with Compliance, Legal, Audit, and all business functions globally and regionally.
You should possess extensive senior management experience within an insurance company, with a profound understanding of risk management, particularly for international portfolios.
A deep understanding of regulatory requirements, industry standards, and enterprise risk management frameworks is expected. Proficiency with risk management tools and technologies, along with strong leadership and strategic thinking abilities, is also necessary.
Exceptional analytical and problem-solving skills, coupled with the ability to make data-driven decisions, are crucial. You are also capable of navigating the entire insurance value chain with a transversal mindset.
This role requires a proven track record in managing critical business scenarios across matrix organizations, including turnarounds, restructurings, and the redesign of highly complex business processes on a large scale.
In addition to expertise in conflict management, the candidate must possess strong fact-based decisiveness to resolve issues swiftly and effectively.
You are eager to demonstrate your outstanding organizational and communication skills, with the ability to convey complex information clearly and confidently to diverse audiences.
Fluency in English is required, and proficiency in additional languages is advantageous. The role demands the ability to travel regionally and internationally as needed.
What’s in For You
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.
We believe in rewarding performance with a great compensation and benefits package, including a generous bonus scheme and pension.
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide.
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach.
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable.
Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players. As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries.
Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic.
People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com
Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.
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