About Great Lakes Insurance SE
Great Lakes Insurance SE is a specialty provider of primary insurance services in the UK, operating as part of Munich Re Group. The UK branch, Great Lakes London Branch (GLLB), works closely with the reinsurance core business and innovation opportunities.
About the role
As Senior Risk Manager (Risk Reporting) you will lead and coordinate key Risk Management deliverables such as the quarterly Risk Report and the ORSA, ensuring the risk strategy remains fit for purpose and supports risk‑based decision‑making.
Key Responsibilities
- Lead and coordinate GLLS’s annual and ad‑hoc ORSA processes, including Stress & Scenario and Sensitivity Testing, and produce the ORSA report.
- Lead and coordinate Great Lakes’ annual and ad‑hoc Risk Strategy.
- Produce the quarterly Risk Report, monitor risk triggers in line with the Risk Strategy, and provide risk‑based business steering advice to the Board.
- Contribute to regulatory reporting (Annual Report, Solvency and Financial Condition Report) for risk management sections.
- Ensure ongoing risk governance by maintaining documentation and approval procedures and implementing new risk management processes.
- Provide risk assessments and risk opinions on business and strategic decisions.
- Support the development of a risk management framework for emerging or new risks.
- Coordinate or participate in strategic projects.
- Present Risk Management results to relevant GLLS governance committees.
- Maintain liaison with the Great Lakes and Group IRM teams.
Competencies
- Strategic mindset – plan and move into the future with clear intentions and purposeful actions.
- Ensures accountability – hold yourself and others accountable to meet commitments.
- Managing complexity – make sense of complex information to solve problems.
- Sponsors work – lead when necessary, delegate, and empower others.
- Develops talent – foster capability at individual and organisational levels and promote diversity and inclusion.
- Being resilient – recover quickly, seek feedback, learn, and move forward with courage.
Key Skills & Experience – Essential
- Solid experience in the (re)insurance industry.
- Good knowledge of risk management frameworks, Solvency II and other regulatory frameworks.
- Excellent analytical and organisational skills.
- Ability to communicate complex matters logically and transparently.
- Full command of MS Office suite.
- Fluency in spoken and written English.
Key Skills & Experience – Desirable
- Experience in regulatory reporting and submissions.
- Good presentation skills.
- Experience with Power BI and R.
- Intermediate German knowledge.
Desired Qualifications and Educational Background
- University degree, ideally in insurance‑related fields such as actuarial studies.
- Collaborative mindset and experience working with a matrix international team.
- Ability to work in a fast‑paced, ever‑changing environment.
Regulatory & Conduct Requirements
- Satisfy all regulatory requirements in collaboration with the reporting function.
- Ensure compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.
Benefits
You will receive a competitive compensation package, on‑target bonus, 25 days annual leave (with the option to purchase more), private medical insurance, and an employer‑contributory pension of 10%. Additionally, the role offers fully paid six‑month family leave when needed.
Equal Opportunity Statement
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
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