Senior Business Risk Officer

Senior Business Risk Officer

Ageas

Brussels, Belgium

Your function

Within the team Business Risk Management (BRM), Group Risk is looking for a senior Business Risk Officer combining deep knowledge of the insurance business with strong quantitative risk and reporting skills to contribute to the Group’s internal model project.

Your primary responsibility will be to ensure the BRM Team’s readiness to consolidate the Group’s risk profile with the new internal model and leverage the model’s output to deliver risk insights to management.

Specific responsibilities include:

• Facilitate and coordinate internal model dry-runs during the project phase, with focus on Ageas Group risk consolidation. You will ensure effective collaboration among all stakeholders and contribute to a smooth risk consolidation process;
• Analyze lessons learned from dry-run exercises to identify and implement necessary improvements, and contribute to the development of a sustainable target operating model for Ageas Group risk consolidation and management’s risk and capital reporting;
• Develop robust risk reporting processes and supporting controls that deliver timely, accurate, and actionable risk insights derived from the internal model;
• Design and implement internal model-based tools to support sensitivity analyses and what-if scenario analyses, enabling proactive risk management and informed decision-making;
• Develop internal model-based tools to support Ageas’ business development, including the evaluation of mergers and acquisitions, by providing quantitative risk assessments and scenario analyses that inform strategic initiatives;
• Support the BRM team’s readiness to use the internal model, ensuring that team members are equipped with the necessary knowledge, tools, and processes to leverage the internal model effectively in their activities.

Your profile

• You are an actuary or have a Master degree in finance or business administration combined with risk/actuarial related trainings;
• You are fluent in the key elements of the Solvency II regulation;
• You have at least 8 years of relevant working experience in risk management within the insurance industry; ideally, you have a quantitative risk background focused on one or more of the risks in scope of the internal model (underwriting life or non-life, market and/or credit risk);
• You have experience with developing and/or operating a (partial) internal model;
• You can demonstrate an excellent analytical mind-set and are passionate about solving complex risk challenges; experience successfully managing small projects would make a difference;
• You have a proven track-record running complex risk processes and translating outputs into clear management messages;
• You are very thorough and the quality of your deliverables is your top priority; For this, you prefer working in well-structured ways to deliver on time;
• You do not hesitate to try new ways to continuously improve the ‘how’, helping the team strengthening our risk reporting capabilities;
• You are aware of cultural differences and are able to work in a team of people with diverse backgrounds;
• You are a team player building trusted relations with all stakeholders;
• You are fluent in English, both verbally and in writing. Knowledge of a language spoken in countries where Ageas operates is a plus.