Chief Risk Officer - Zurich EuroLife

About the role

Zurich is recruiting a Chief Risk Officer for Zurich EuroLife (ZEL) in Luxembourg. The role carries second-line-of-defense responsibility for risk assessments, advisory and control of all material risks for the entity, and for implementing the Group Risk Management (GRM) frameworks. It also provides support, review and challenge to the first line of defense.

Key responsibilities

• Lead the ZEL Risk function, including organizing the ZEL Risk and Control Committee
• Drive risk awareness across the organization and assist senior management in identifying, analyzing and mitigating risks quantitatively and qualitatively
• Ensure the ZEL Risk and Control Framework aligns with Zurich Group policies and interact with the CAA on risk topics such as Solvency II
• Advise management on regulatory standards and prepare risk-related regulatory reports (Solvency II, ORSA)
• Review and challenge the first line's risk responses and risk appetite, and support the adoption of GRM tools and templates
• Contribute to governance documents, risk monitoring and assurance activities, and deliver a 360-degree risk report to committees
• Develop and facilitate training to promote a disciplined risk culture

Required profile

• At least 15 years of professional experience in risk-related matters in financial services
• Expertise in actuarial life risk and operational risk management
• Understanding of the insurance industry and its challenges
• Experience managing regulatory topics and the Board of Directors
• Track record of leading through change and implementing digital initiatives
• Demonstrated knowledge of Solvency II and other regulatory frameworks, and of interaction with regulators
• Academic degree in actuarial science, risk management, economics, law or another relevant subject
• Fluent English, spoken and written

What we offer

• Full-time position in a team in Luxembourg
• High-standard compensation and group health insurance and pension plan
• Flexible working policy and career opportunities within the Zurich Group
• Training and development programs