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European Risk Analyst (m/f) - International Insurance Company

On-site in Madrid·Added 9 days ago (last checked 12 Oct)

Agency
Michael Page España

1392 open roles

Overview

Contract
Permanent contract
English
Required

Visa options

  • The ad doesn’t mention sponsorship

    Not a refusal, but not a yes. Worth asking in your first message.

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Skills

Nice to have

Requirements

Experience & Qualifications

  • University degree in Risk Management, Finance, Economics, Mathematics, Actuarial Science, Business Administration or a related discipline.
  • 3-5 years' experience in risk management, insurance, internal audit, compliance or a related control function.
  • Experience within the insurance sector and knowledge of Solvency II would be highly desirable.
  • Familiarity with ORSA processes, risk appetite frameworks and corporate governance arrangements.
  • Understanding of insurance risks, including underwriting, operational and strategic risks.
  • Experience preparing management information and Board-level reporting.
  • Advanced Excel skills; experience with data analytics tools would be an advantage.

Knowledge & Technical Skills

  • Good understanding of Solvency II governance requirements, particularly Articles 44 and 45 regarding Risk Management and ORSA.
  • Knowledge of the Three Lines of Defence model.
  • Understanding of risk and control self-assessments (RCSA).
  • Familiarity with stress testing and scenario analysis methodologies.
  • Awareness of operational resilience and outsourcing risk requirements.
  • Strong analytical and report-writing skills.
  • Ability to present complex risk issues in a concise and practical manner.

Personal Attributes

  • Strong analytical and problem-solving skills.
  • Ability to work independently and manage multiple priorities.
  • Excellent attention to detail.
  • Good stakeholder management and communication skills.
  • Collaborative approach and ability to work with international teams.
  • Professional curiosity and interest in regulatory developments affecting the European insurance sector.

Desirable Qualifications

  • Knowledge of multinational insurance structures.
  • Experience working with multiple European jurisdictions and regulators.

Pay & benefits

Carreer development in a multinational environment, in a leading insurance company.

The role

Resumen

We are seeking a Risk Analyst to support the Company's Enterprise Risk Management framework across Europe. The successful candidate will play a key role in the identification, assessment, monitoring and reporting of risks, ensuring alignment with Solvency II requirements and the Company's risk appetite framework.
  • Risk Analyst with experience in insurance industry and high level of English
  • Large multinacional insurance company.

¿Dónde vas a trabajar?

Multinational insurance company, specialized in corporate insurance business (specialties).

Descripción

Key Responsibilities

  • Support the maintenance and enhancement of the Enterprise Risk Management (ERM) Framework.
  • Assist in the preparation and coordination of the Own Risk and Solvency Assessment (ORSA), including risk assessments, stress testing and scenario analysis.
  • Monitor key risk indicators (KRIs) and risk appetite metrics and escalate material breaches or emerging risks.
  • Coordinate periodic risk assessments with business functions and maintain the corporate risk register.
  • Analyse and report on underwriting, operational, conduct, strategic, regulatory, liquidity and emerging risks.
  • Support the production of risk reports for senior management, Boards and Board Committees.
  • Contribute to the assessment of outsourced activities and third-party risk management arrangements.
  • Assist in the review of new products, business initiatives and strategic projects from a risk perspective.
  • Support the monitoring of compliance with Solvency II governance requirements and related regulatory expectations.
  • Assist with internal and external audits, regulatory inspections and information requests.
  • Monitor relevant developments from EIOPA, national supervisory authorities and other regulatory bodies.
  • Support Business Continuity, Operational Resilience and Incident Management processes where applicable.
  • Participate in the development and maintenance of risk policies, procedures and governance documentation.
  • Contribute to ESG and sustainability risk assessments where required.

¿A quién buscamos (H/M/D)?

Experience & Qualifications

  • University degree in Risk Management, Finance, Economics, Mathematics, Actuarial Science, Business Administration or a related discipline.
  • 3-5 years' experience in risk management, insurance, internal audit, compliance or a related control function.
  • Experience within the insurance sector and knowledge of Solvency II would be highly desirable.
  • Familiarity with ORSA processes, risk appetite frameworks and corporate governance arrangements.
  • Understanding of insurance risks, including underwriting, operational and strategic risks.
  • Experience preparing management information and Board-level reporting.
  • Advanced Excel skills; experience with data analytics tools would be an advantage.

Knowledge & Technical Skills

  • Good understanding of Solvency II governance requirements, particularly Articles 44 and 45 regarding Risk Management and ORSA.
  • Knowledge of the Three Lines of Defence model.
  • Understanding of risk and control self-assessments (RCSA).
  • Familiarity with stress testing and scenario analysis methodologies.
  • Awareness of operational resilience and outsourcing risk requirements.
  • Strong analytical and report-writing skills.
  • Ability to present complex risk issues in a concise and practical manner.

Personal Attributes

  • Strong analytical and problem-solving skills.
  • Ability to work independently and manage multiple priorities.
  • Excellent attention to detail.
  • Good stakeholder management and communication skills.
  • Collaborative approach and ability to work with international teams.
  • Professional curiosity and interest in regulatory developments affecting the European insurance sector.

Desirable Qualifications

  • Knowledge of multinational insurance structures.
  • Experience working with multiple European jurisdictions and regulators.

¿Cuáles son tus beneficios?

Carreer development in a multinational environment, in a leading insurance company.

Hiring process

2 steps2 interviews
  1. CV registration

  2. Consultant contact

    With a specialist Michael Page consultant

    If they see that your experience and motivations fit the values and needs of a hiring company, they will contact you to start the selection process: they will learn about your expectations, answer your questions and help you prepare for each stage of the process.

  3. Company interview

    With a client company

    If your application progresses, we will help you prepare for the interview with useful information about the company, its culture and what it looks for in a profile like yours.

  4. Final stage and negotiation · With a client company

  • The final stages are set by the client company: Michael Page acts as an intermediary, and the interview and decision rest with the hiring company.
  • Support continues after the contract is signed.
  • Michael Page cannot support every candidate; registering and keeping your profile up to date opens the door to future processes.

About Michael Page España

Michael Page is a global recruitment consultancy and part of PageGroup, one of the world's leading professional recruitment firms. The company specializes in placing mid-to-senior level professionals across a wide range of sectors, including technology, engineering, finance, sales, and human resources. With a strong presence in Spain, Michael Page operates offices in major cities and offers services such as executive search, temporary staffing, and outsourcing solutions.

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