Head of Risk Management & Compliance

This is a great opportunity to join a growing and dynamic European reinsurance organization. Toa Re Europe (TRE) is a fully-fledged boutique reinsurance operation located in Zurich with app. 25 employees. It is the single European entity of the leading Japanese reinsurer, Toa Re, and serves insurers and brokers of the European, Middle East and African markets.

 At TRE, our value proposition combines Swiss efficiency with Japanese long-term commitment. Our ambition is to be a reliable, technical, and long-term partner to our clients. We also strive to be a fair and socially conscious employer.

Form of employment: Permanent

Level of employment: 60-80%

Location: Zurich

As the Head of the Risk Management & Compliance function, you will be responsible for managing the Risk Management and Compliance framework of the company. The role consists of ensuring that - through an independent assessment - all key risks faced by the company are adequately managed. It also includes ensuring that all activities comply with relevant laws, regulations, and internal policies.

The position is a great opportunity to gain insight into all aspects of our reinsurance organisation and to further upscale the function in line with the requirements of a FINMA category 3 reinsurer.

The Head of Risk Management and Compliance reports to the company’s Executive Management and assumes the regulatory responsibility for the Control function.

Your responsibilities

General

• Develop, implement, and maintain the Risk Management & Compliance framework
• Manage the communication with the regulator (FINMA)
• Lead the agenda of the Risk & Audit Board Committee
• Prepare and present regular reports to various stakeholders including senior Management, Board of Directors and regulator
• Promote the Risk culture within the company and train staff on Risk and Compliance matters

Risk Management

• Identify, evaluate, monitor, manage and report on the key risks of the company
• Manage and maintain the Internal Control System
• Lead the ORSA (Own Risk and Solvency Assessment) process

Compliance Management

• Monitor regulatory changes impacting reinsurance companies and provide guidance to Management and the impacted internal functions on implications
• Ensure compliance with all applicable laws and regulations, incl. AML, sanctions, KYC, data protection, and corporate governance
• Work closely with all functions to ensure adherence to internal policies

Your profile

• Minimum 5 years of experience in Risk Management at a (re)insurance company, ideally within a FINMA-regulated environment
• Solid understanding of (re)insurance business models, risk categories, and regulatory expectations
• Proactive and independent thinker with confidence to challenge and influence
• Strong interpersonal skills and high level of self organisation
• Excellent written and verbal communication skills in English; German or French is a plus

Our offer

Our dynamic team sits in newly constructed offices in the vibrant Seefeld area of Zurich. We offer a competitive benefits package, which includes six weeks of paid holiday per year. We encourage our employees to undertake learning opportunities and further studies to increase and develop their knowledge. We strive to maintain a close-knit, supportive environment with hybrid work model.

If interested, please send your CV to HR by e-mail: stephanie.graf@toare.ch & anna.delcore@toare.ch.

About Toa Re Europe

Toa Re Europe is a Swiss-licensed reinsurance company established in 2002. It is registered under the legal name The Toa 21st Century Reinsurance Company Ltd., a wholly-owned subsidiary of the leading Japanese reinsurer Toa Reinsurance Company Ltd. Toa Re Europe benefits from a parental guarantee for its reinsurance obligation. This guarantee is unconditional. Toa Re Europe offers non-life reinsurance capacity to insurers and brokers of the European, Middle-East and African markets.