With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
Position Overview
The Assistant Vice President, ERM Specialist will play an important Group-level role in the effective implementation of Arch’s Enterprise Risk Management framework. The successful candidate will collaborate with global cross-functional and cross-organizational teams to identify and assess risks, manage risk-related processes, and deliver risk and governance-related material for Arch Capital Group.
Department: Risk Management Services
Reports To: Vice President, Enterprise Risk and Exposure Management (interim reporting to the Chief Risk Officer)
Location: White Plains/Hybrid
Key Responsibilities
Risk Identification, Assessment and Monitoring
Facilitate the current Group-level risk assessment process including the risk register, risk appetite statement and related risk policies.
Ensure the organization's risk management policies align with applicable regulations and the strategic imperatives of the organization.
Risk Reporting and Communication
Support the CRO in preparing comprehensive quarterly risk reporting to executive management and the Arch Capital Group Board of Directors.
Support maintenance and evolution of the Group’s annual reporting including the Own Risk and Solvency Assessment report and Recovery Plan.
Support regulatory financial reporting processes related to risk management including the Bermuda solvency capital reporting.
Project Management
Work in a cross-functional environment to address corporate objectives including Bermuda Monetary Authority (BMA) group supervision and other emerging requirements.
Support the purchasing and maintenance of corporate insurance for property/casualty and certain financial lines of business.
Collaborate with relevant project teams to ensure the timely and successful implementation of risk management-related initiatives.
Qualifications
Strong understanding of finance, risk and exposure management and regulatory standards for a global non-life (re)insurer.
Incumbent should have Bachelor's degree and a minimum of 5 years’ relevant experience in insurance. Advanced degree or relevant certifications (e.g., CRM, CERA, CFA, CPA, CPCU, ARM) is a plus.
Experience with enacting ERM initiatives in a dynamic international insurance environment is a plus.
Demonstrated effective project management skills working across organizational boundaries.
Effective communication and interpersonal skills to collaborate with diverse stakeholders.
Ability to work productively both independently and as part of a decentralized team.
#LI-LH1
#LI-HYBRID
For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible.
$148,000 - $201,000/year
Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future.
Click here to learn more on available benefits.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.
10200 Arch Capital Services LLC
