Head of Cyber Exposure Management

The Head of Global Risk Solutions (GRS) Cyber Insurance Risk Management is responsible for developing and implementing GRS’ capability for risk-based oversight of Cyber re/insurance risk globally.

The role requires close working relationships with the GRS Office of Underwriting, and specifically the CUOs and Product Leader, claims, actuarial, and Risk Management teams across GRS and Corporate.

The successful candidate will have significant experience with Cyber underwriting standards, risk aggregation modelling techniques, accumulation management, and emerging risk identification and mitigation.

Responsibilities include:

• Maintain and enhance the GRS Cyber “View of Risk,” which details the approved methodology and approach to Cyber risk measurement.
• Lead strategic analysis and monitoring of Cyber exposures to provide insights into risk accumulations, market and risk trends and developments.
• Coordinate with key stakeholders to identify, assess, and improve understanding of the Cyber accumulation scenarios or clash events that have the greatest potential to cause a material loss to GRS.
• Advise key stakeholders on underwriting appetite, risk limits, underwriting guideline considerations and best practices, and other product management actions.
• Perform independent underwriting and pricing quality reviews to evaluate adherence to GRS standards and guidance, assess the reasonableness of key assumptions and selections, and review for appropriate use of approved pricing tools.
• Provide risk-based validation of loss models and new pricing tools including review of, and challenge to, key assumptions and parameters.
• Contribute to knowledge sharing through participation on the Financial Lines Product Board, and other related underwriting and portfolio steering initiatives.
• Provide, or contribute to, regular reporting to governance bodies (e.g. the GRS ERM Committee, the Financial Lines Product Board) as required.
• Lead and contribute to Cyber projects and initiatives as required.
• Coordinate with Underwriting and Operations to develop data standards that improve quality and breadth of the Cyber exposure information collected to facilitate transparent and informed risk taking.

• Competencies typically acquired through a Bachelor`s degree in a quantitative field and 10+ years of relevant experience
• Additionally, excellent quantitative analysis and modeling skills, and significant experience in an analytical capacity (eg financial analysis, product management, actuarial, underwriting, etc.) is highly preferred
• Experience managing a team is required
• Strong written and verbal communication skills in both formal and informal settings, as well as proven ability to effectively present technical concepts to non-technical individuals within and outside of the organization are highly preferred
• Ability to foster and encourage teamwork and productive working relationships with stakeholders at all levels and across organizational lines required