Munich Re of Malta p.l.c. - Financial Risk Analyst (m/f/d)*

Munich Re of Malta p.l.c. (MRoM) is a subsidiary of the Munich Re Group with a portfolio of more than € 3.5 billion premium. The book of business stems from group-internal retrocessions and third party reinsurance in life, health and non-life from markets all over the world and is written in close cooperation with various units in the Munich Re Group.

MRoM is a fast growing, extremely efficient company looking to strengthen the Risk Management team with the addition of a highly skilled and motivated individual in Malta as part of the enterprise risk management function. As a Financial Risk Analyst you will be reporting to the Chief Risk Officer. The role will work in close collaboration with responsible business owners as well as with the Group's Integrated Risk Management in Munich.

The successful candidate will be occupying a role providing excellent opportunity for development and growth in a first class international reinsurance company.

YOUR JOB

Contribute to the Company's financial risk management framework, supporting the identification, assessment, measurement, monitoring, control, and reporting of all material financial risks.
Execute key elements of the annual capital model cycle, including quarterly model updates, calibration, validation, analysis of results, and documentation.
Support the Own Risk and Solvency Assessment (ORSA) process, including stress and scenario testing, risk strategy reviews, and the development of risk appetite recommendations.
Contribute to regulatory, Board, Committee, and Group risk reporting, ensuring timely and accurate communication of risk exposures and developments.
Support the operational risk management framework, including business continuity management, information security, outsourcing oversight, data protection and privacy risks, and environmental, social and governance (ESG) risk assessments.
Assist the Senior Risk Manager and Chief Risk Officer (CRO) in the execution of the risk management function, providing independent risk oversight and supporting advisory activities to the Board of Directors.
Participate in local and Group-wide projects, conducting ad hoc risk analyses and providing risk expertise on strategic initiatives and business decisions.
Maintain and enhance risk governance processes, policies, procedures, and documentation to ensure compliance with regulatory requirements and internal standards.
Engage proactively with stakeholders across the business and Group functions to promote effective risk management practices and a strong risk culture.
Monitor emerging risks and industry developments, assessing their potential impact on the Company and recommending appropriate risk management actions.

YOUR PROFILE

University degree in a finance related subject, mathematics, statistics or actuarial science, ideally complemented with further training in risk management or finance
Relevant professional experience or internships within insurance, risk management, actuarial, finance, or related fields. Exposure to Solvency II and enterprise risk management frameworks is considered an asset.
Excellent analytical and problem solving skills, with the ability to evaluate complex issues and translate them into clear and actionable insights.
Ability to learn quickly, challenge constructively, manage competing priorities, and work effectively both independently and within a team
Strong communication skills, able to present complex matters logically and with transparency, and to provide high-quality reporting tailored to management needs
Strong interpersonal skills and intercultural awareness, enabling effective collaboration across diverse teams, in an international environment, and within a hybrid setting.
Experience in risk modelling or with coding languages would be an advantage
Excellent command of English, both written and spoken

For any further information or clarification on this position please do not hesitate to contact Thomas Gleixner directly at

*DIVERSITY STATEMENT

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer.

ABOUT US

Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to pandemic, we take care of risk, so our clients can take care of their business.

Munich Re of Malta p.l.c. (C45422) is authorized and regulated by the Malta Financial Services Authority to carry on business of reinsurance in terms of the Insurance Business Act, 1998. The Company's registered office is situated at Level 4, Whitehall Mansions, Ta' Xbiex Seafront, Ta' Xbiex´, XBX 1026, Malta.

Financial Risk Analyst

Job Description