Chief Risk Officer, US & Bermuda

What part will you play If youre looking for a place where you can make a meaningful difference youve found it.

Job Responsibilities:

• Team Leadership: Lead and manage a skilled agile and responsive risk function for Wholesale and Specialty and Programs and Solutions divisions. Managing a team of professionals including workflow capacity improvement of process development of individuals and recruitment where necessary. Working extensively with the International risk function and considering Group exposures where appropriate.
• Risk Identification and Mitigation: Identify internal and external risks to Markel achieving its objectives with a focus as outlined above. Design and execute strategies to mitigate identified risks ensuring robust controls and processes are in place. Focus these strategies on the areas of highest risk.
• Annual Planning: Lead on risk analysis of annual business plans identifying opportunities and threats to the execution of the plans support business leaders in addressing any gaps as collaborative business partner.
• Return on Capital: Champion the importance of return on capital. Understand and contribute to the Global Capital Model particularly around natural catastrophe reinsurance and valuation of physical assets. Lead on the Systemic Risk Analysis Survey. Create a specific and developed understanding of the physical impact of climate change. Contribute to the development of return on capital as a key measure of expected performance. Support divisions in making these targets more certain.
• Global Aggregation: Responsible for the global aggregation of exposure and financial ceded reinsurance across Markels insurance platforms including SNC and Nephila to ensure protection of Markel and meet rating agency and other regulatory requirements
• Data Spine: Contribute to the data spine for risk exposure particularly around known tail risks that cross different classes. Champion and lead on the adoption of the data spine and data governance as a route to greater empowerment.
• Risk Management Framework: Continue to evolve and mature Markels comprehensive risk management framework fully aligned with the companys strategic objectives with a focus on US underwriting especially property exposures. Provide regular reports and updates to senior leaders committees and regulators.
• Risk and Solvency Assessment: Input into the Own Risk and Solvency Assessment for Markel Insurance and subsidiary organizations including stress and scenario testing
• Insurance Management: Oversee the companys corporate insurance portfolio ensuring appropriate coverages for all identified risks including D&O Cyber Auto etc.
• AuditBoard: Lead our teams responsibility for AuditBoard Governance Risk and Compliance system ensuring alignment with the overall risk register and coordination between the assurance functions

Work Experience/ Skillset:

• Experience with significant risk-taking decisions ideally in an underwriting role
• Possess a deep experience of underwriting particularly property exposures
• Proven strategic thinking and influencing to anticipate future risks and opportunities and remain alert to global trends emerging technologies and geopolitical developments
• Ability to lead and inspire a diverse team of professionals
• Strategy execution - ability to drive through an agreed program of work and overcome resistance and challenges
• Report writing and ability to communicate technical information in a way that is easy to understand digest and apply
• Be adept at leading and delivering complex projects
• Be experienced at advising and communicating with board directors regulators and key stakeholders
• Analytical acumen
• Excellent interpersonal and influencing skills with a pragmatic business-oriented approach

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position now or in the future.

Pay information:

Job level and base salary offered for the successful candidate will be based on compensable factors such as geographic location job-relevant education and licensure job-relevant experience demonstrated competencies and specialized skills relevant to the role and other factors. Markel reserves the right to propose an alternative career level based on these factors. The national average salary for the Chief Risk Officer US & Bermuda position is $238000 - $355000 with 65% short term bonus potential and 35% long term equity incentive.