• Job Description

  Req#: 72514

  Description

  The Head of Global Risk Solutions (GRS) Cyber Insurance Risk Management is responsible for developing and implementing GRS’ capability for risk-based oversight of Cyber re/insurance risk globally.

  The role requires close working relationships with the GRS Office of Underwriting, and specifically the CUOs and Product Leader, claims, actuarial, and Risk Management teams across GRS and Corporate.

  The successful candidate will have significant experience with Cyber underwriting standards, risk aggregation modelling techniques, accumulation management, and emerging risk identification and mitigation.

  Responsibilities include:

  • Maintain and enhance the GRS Cyber “View of Risk,” which details the approved methodology and approach to Cyber risk measurement.
  • Lead strategic analysis and monitoring of Cyber exposures to provide insights into risk accumulations, market and risk trends and developments.
  • Coordinate with key stakeholders to identify, assess, and improve understanding of the Cyber accumulation scenarios or clash events that have the greatest potential to cause a material loss to GRS.
  • Advise key stakeholders on underwriting appetite, risk limits, underwriting guideline considerations and best practices, and other product management actions.
  • Perform independent underwriting and pricing quality reviews to evaluate adherence to GRS standards and guidance, assess the reasonableness of key assumptions and selections, and review for appropriate use of approved pricing tools.
  • Provide risk-based validation of loss models and new pricing tools including review of, and challenge to, key assumptions and parameters.
  • Contribute to knowledge sharing through participation on the Financial Lines Product Board, and other related underwriting and portfolio steering initiatives.
  • Provide, or contribute to, regular reporting to governance bodies (e.g. the GRS ERM Committee, the Financial Lines Product Board) as required.
  • Lead and contribute to Cyber projects and initiatives as required.
  • Coordinate with Underwriting and Operations to develop data standards that improve quality and breadth of the Cyber exposure information collected to facilitate transparent and informed risk taking.

  Qualifications

  • Competencies typically acquired through a Bachelor`s degree in a quantitative field and 10+ years of relevant experience
  • Additionally, excellent quantitative analysis and modeling skills, and significant experience in an analytical capacity (eg financial analysis, product management, actuarial, underwriting, etc.) is highly preferred
  • Experience managing a team is required
  • Strong written and verbal communication skills in both formal and informal settings, as well as proven ability to effectively present technical concepts to non-technical individuals within and outside of the organization are highly preferred
  • Ability to foster and encourage teamwork and productive working relationships with stakeholders at all levels and across organizational lines required

  #LI-JD1

  About Us

  Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

  At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.

  We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law. Fair Chance Notices

  • California

  • Los Angeles Incorporated

  • Los Angeles Unincorporated

  • Philadelphia

  • San Francisco

• About the company

  At Liberty Mutual, we want to help you embrace today and confidently pursue tomorrow. We’ve spent more than 100 years creating innovative insurance products, services, ideas and technologies to meet the world’s ever-changing needs—breaking away from old mindsets and thinking outside of traditional insurance roles. Why? Because we’re committed to transforming our industry in order to create peace of mind for our customers.

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