Risk Management Executive

Sompo Sigorta A.Ş., a subsidiary of Sompo Group, one of the world's leading insurance organisations, is a pioneer in the Turkish market with its technological infrastructure, its product range built around customer needs and its customer-centered service approach. We are looking for a Risk Management Executive to take part in our growing team.

The role sits within Sompo's international risk management community and works directly with the Group's risk, capital modelling, cat modelling and exposure management teams, offering exposure to global risk management practice alongside the local regulatory agenda.

Qualifications

• Bachelor's or Master's degree from a reputable university, preferably in business, actuarial science, finance, engineering or a related discipline,
• Minimum 5 years of experience in Risk Management, Internal Control, Finance, Actuary or Reinsurance departments of insurance companies or banks,
• Sound knowledge of the Regulation on Internal Systems in the Insurance and Private Pension Sectors and of local capital adequacy requirements,
• Self-motivation, excellent analytical (including synthetization of detailed data into high level summaries), organizational and communication skills, and the ability to work independently as well as in a team environment,
• Ability to establish relationships across all business areas and multiple stakeholders locally and in Group, a communicative and collaborative mindset,
• Ability to think critically through issues and focus the attention of the business on the most impactful decisions,
• High level of commitment and interest to work in a dynamic and demanding environment,
• Advanced level of written and verbal English and Turkish skills,
• Proficiency in MS Office applications (especially mid-to-advanced level of Excel proficiency).

Job Description

• Support the Head of Internal Systems in operating the risk management system in line with the Regulation on Internal Systems and Group risk policies,
• Identify, assess and monitor the Company's risks against the defined risk strategy, risk appetite and risk limits, including financial risks such as interest rate, currency and counterparty default risk,
• Monitor and review local regulatory capital requirements and apply stress tests and scenario analyses,
• Monitor natural catastrophe exposures and limits in coordination with the Group's cat modelling and exposure management teams,
• Develop effective operational risk management practices through the risk and control self assessment and loss data collection processes,
• Provide quarterly and ad-hoc risk reporting to the Board, the Audit Committee and the Group (Quantitative/Qualitative Risk Report, etc.),
• Collaborate with the 1st Line in the identification of top and emerging risks, including appropriate measures in line with the risk appetite of the Company,
• Support key reinsurance, underwriting and planning cycle processes from a risk perspective.