• Job Description

  Req#: R4615

  Title:

  Chief Risk Officer, APAC

  Company:

  Everest Service Company Australia Branch

  Job Category:

  Risk Management

  Job Description:

  It’s an exciting time for Everest Re Group, Ltd. (“Everest”)! As we continue on our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets. Everest is a growth company with $10.5 Billion of Gross Written Premium offering Property, Casualty and specialty products among others, through its various operating subsidiaries located in key markets around the world.
  
  Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers. Our financial strength is evident in Financial Agency Ratings of: A+ A. M. Best, A+ S&P Global and A1 Moody’s Investor Service. We are a market leader for our broad diversified income streams, strong underlying underwriting performance with reduced volatility and strong cash flow. We take pride in being known in the industry as nimble, entrepreneurial and responsive.
  
  Everest launched its International Insurance strategy in 2022. Everest Insurance in AsiaPac is core to this strategy. Encompassing Everest International’s Australian and Asian region reporting to the Branch Manager of Australia, working a hybrid schedule of 3 days a week in the office, 2 days a week remote.
  
  This new role has been created to support Everest’s rapidly growing International Insurance business. The role holder will support a varied and dynamic range of initiatives within the risk management function as Everest seeks to continually enhance risk management as an integral part of the International Insurance expansion strategy. The successful candidate will possess relevant industry experience, solid experience implementing best practice risk frameworks, excellent organizational skills, strong written and verbal communication skills, initiative, and excellent influencing skills.

  Reporting to the Branch Manager, the role holder will focus on establishing risk management frameworks for the branch and working with the business to develop solutions to address risk management framework enhancements required by regulators.

  Collaborating with, and influencing, senior colleagues across multiple functional areas and international Everest offices, this role will have a high profile. As part of a rapidly growing business division, the role holder will have the opportunity to shape this role and the future development of the risk function. The successful candidate will provide risk-based insights to support Everest in making the right business and strategic decisions.

  The role requires significant experience within the non-life insurance sector and in-depth understanding of non-life insurance and strategic risks. The role holder will be self-motivated and well-organised and able to manage and prioritise a broad range of activities in the context of a rapidly growing business.

  Key responsibilities include:

  • Establishment of the Branch Risk and Compliance Committee and the development of required reporting to the Committee
  • Supporting the Senior Officer Outside Australia and Branch Manager in Australia to comply with their regulatory and governance duties
  • Development of Annual Risk plan and delivering actions against the plan
  • Promote continuous enhancement of Everest risk culture.
  • Support the ongoing development, implementation and embedding of an increasingly sophisticated risk management framework while ensuring it meets the required Prudential standards set out by APRA.
  • Lead the co-ordination of actions to address regulatory developments relating to risk management.
  • Develop key risk indicators and risk dashboards to monitor risk profile and perform environment scans.
  • Undertake deep dive reviews of selected risks within remit.
  • Work in close collaboration with multiple stakeholders spanning senior leadership, department heads, and first line subject matter experts to provide risk management advice, support, oversight and challenge.
  • Contribute to Group ERM initiatives, leveraging the benefit of local risk management expertise and deploying new Group ERM tools and developments, as appropriate.
  • Produce risk management papers and reporting for Management, Risk Committee and Board, as required.

  Competencies, skills and experience:

  • Extensive knowledge and understanding of non-life insurance risks, including experience of APRA Requirements.
  • Strong problem solving and analytical skills.
  • Proven ability to influence.
  • Ability to develop effective and collaborative working relationships across the business.
  • Ability to demonstrate professional scepticism.
  • Excellent written and verbal communication skills.
  • Excellent Microsoft Office capabilities.

  Our Culture

  At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

  • Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.

  • Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

  All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

  Type:

  Regular

  Time Type:

  Full time

  Primary Location:

  Sydney, Australia

  Additional Locations:

  GDPR Privacy Notice | Everest (everestglobal.com)

• About the company

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