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About the Role

Support effective risk management across Munich Re’s Australian reinsurance entities, covering P&C Reinsurance and key shared service functions. The role offers broad exposure to enterprise and operational risk, risk systems and data, and senior stakeholder engagement, with strong development opportunities within the Risk function.

Responsibilities

• Lead the identification and assessment of risks in the P&C Reinsurance business unit and shared service functions.
• Conduct and facilitate risk and control self-assessments (RCSAs), including assessing control design and effectiveness.
• Maintain and enhance risk registers, control libraries and related documentation.
• Manage risk events including triage, root cause analysis and monitoring remediation actions.
• Support the development and rollout of local risk policies, standards and procedures aligned with Group frameworks and regulatory expectations.
• Lead the development and enhancement of the in-house Governance, Risk & Compliance (GRC) system.
• Support system configuration, testing and user enhancements in line with Munich Re practices.
• Develop and maintain processes and controls supporting strong data governance, including data quality checks, reconciliations and validation routines.
• Maintain oversight of risk-related data flows to ensure information is accurate, complete and timely.
• Contribute to analytics initiatives, including dashboards, automated reporting and data-driven risk insights.
• Prepare high-quality, timely and accurate risk reporting for management and governance forums.
• Analyse risk and control data to identify trends, emerging risks and key risk indicators (KRIs).
• Draft clear, concise and well-structured commentary to support executive-level discussions and decision making.
• Build and maintain effective working relationships with P&C Reinsurance teams and shared service functions.
• Provide guidance and support on risk identification, control design and risk management practices for new initiatives, process changes and system projects.
• Support the delivery of risk training and awareness activities, including sessions for staff and governance forums.
• Actively contribute to CRO team initiatives and continuous improvement activities.
• Support the organisation in strengthening and embedding Munich Re’s target risk culture.

Requirements

• 3–6 years’ experience in claims, underwriting, reinsurance operations, finance, actuarial or internal audit within insurance or reinsurance.
• First line business experience strongly preferred, particularly within claims, underwriting, portfolio management or finance.
• Experience in a second line risk or internal audit role is beneficial but not essential.
• Working knowledge of P&C (Non-Life) reinsurance and related operational or financial processes is highly desirable.
• Strong interest and capability in risk systems, data analytics, data governance and process controls.
• Practical experience working with data, including extracting, reconciling, validating and analysing operational or financial information.
• Experience contributing to dashboards, automated reports or analytics tools (e.g. Excel, BI tools, SQL or similar) is desirable.
• Strong analytical, documentation and organisational skills.
• Ability to communicate clearly with both technical and non-technical stakeholders.
• Comfortable managing competing priorities and working with a broad range of stakeholders.

Skills

• Risk management
• Risk frameworks
• Risk assessment
• Control oversight
• Risk registers
• Control libraries
• Risk events management
• Root cause analysis
• Risk policies
• Risk standards
• Risk procedures
• GRC system development
• GRC system enhancement
• System configuration
• System testing
• Data governance
• Data quality checks
• Reconciliations
• Validation routines
• Risk data flows
• Risk analytics
• Dashboards
• Automated reporting
• Data-driven risk insights
• Risk reporting
• Key risk indicators (KRIs)
• Stakeholder engagement
• Risk training
• Risk awareness activities
• Excel
• BI tools
• SQL

Location

• Australia

Work Type

• Full-time

Experience Level

• 3-6 years

Education Level

• Tertiary qualifications in risk, finance, business, actuarial, data or a related field preferred.

About the Company

• Munich Re embraces and values the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.