Risk Manager

Corporate Responsibility
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    Risk Managment

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    Full-time, Permanent

Work Location: Dublin/Remote

Reporting Line:  Chief Risk Officer (CRO)

Employment Type: Full-time, Permanent

Hours: 8.30 – 5.00pm, 37.5 hours per week

UnipolRe is a professional reinsurance company and a wholly owned subsidiary of UnipolSai Assicurazioni S.p.A. Group, one of the largest insurance companies in Italy.  UnipolRe is continuing to expand in order to provide an exceptional and distinctive service to our clients through suitable reinsurance, active pricing and proactive claims handling.  We are based in the Watermarque Building, close to Grand Canal Docks, and have a team of over 40 staff working on-site.

We are continuing to develop our risk management strategy, operation and systems and have an opening for a newly created position of Risk Manager.  The role requires risk management experience within an reinsurance/insurance company, a good understanding of either/both sectors and of best practice risk management frameworks. The Risk Manager will be self-motivated and well-organised and able to manage and prioritise a broad range of activities, across all aspects of risk management in the context of a growing business.  The role holder will be required to interact with multiple colleague areas including underwriting, finance, compliance, claims, operations, senior management and colleagues in our Head Office in Italy.

Role Responsibilities:

  • Working closely with the CRO, manage all aspects of the development, implementation, embedding and maintenance of the risk management framework, supporting the company in identifying, monitoring, managing and reporting risks.
  • Continuous development and embedding of the Company’s risk management framework to meet the needs of a growing business, ensuring a strong risk culture is in place.  Provide risk management training.
  • Provide day to day advice, support and challenge to all UnipolRe functions on risk management matters, including maintaining and developing the risk register process.
  • Maintain and develop risk reporting, including monitoring of risk appetite statement metrics, manage annual risk policy cycle, including risk reviews of policies.
  • Conduct risk management “deep dive” reviews.
  • Play a key role in co-ordinating the annual and ad hoc ORSA processes, including report drafting.
  • Co-ordinate production of the Solvency and Financial Condition Report and Regular Supervisory Reports, including drafting relevant sections.
  • Co-operate with the Chief Risk Officer and Chief Underwriting Officer to design the Retro strategy.
  • Produce risk management papers for the Board / Risk Committee.

Skills & Experience:

  • At least three years risk management experience within the reinsurance/insurance sector, including experience of Solvency II.
  • Adequate knowledge of the Risk Management regulatory framework with specific reference to Solvency II, ORSA and Risk Appetite Statement.
  • Deep expertise in risk modeling with regard to the main risk modules – the candidate is requested to evaluate the impact of certain facts/decisions on the SCR – Standard Formula – Calculation
  • Excellent technical and commercial ability in support the Retro Strategy process
  • Risk management qualification while not essential would be a positive addition to any application.
  • Strong problem solving, analytical and numerical skills.
  • An ability to plan work, manage time effectively and ensure timely completion of all deliverables.
  • Excellent written and verbal communication skills, including ability to influence and write good quality reports.
  • Ability to undertake programming in SAS / Matlab / VBA is an asset.
  • Ability to influence and to develop effective working relationships across the business.
  • Self-motivated, with the capacity to work autonomously, as part of a team and across teams, managing multiple priorities.
  • Excellent Microsoft Office capabilities.


  • Competitive market related salary based on experience and fit for role.
  • Generous company pension contribution.
  • 25 days annual leave (pro-rata for first year) plus additional two ‘company days’ plus staff volunteering day. Leave increases each year.
  • Superior health insurance cover – including dental cover for staff member.
  • Death in service benefit as well as income protection.
  • Smart/hybrid working arrangements available – less than one day in office per week average or working from abroad
  • Industry unique time compensating leave for overtime worked.
  • Comprehensive education and learning support policy.
  • Strong staff wellbeing supports.

UnipolRe is an Equal Opportunities Employer

We Encourages Applications from Candidates of All Abilities and Backgrounds

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