Risk Management Specialist

4 weeks ago


Dubai, Dubai, United Arab Emirates GIG Gulf Full time
Job Title: Risk Manager

GIG Gulf is seeking a highly skilled Risk Manager to join our team. As a Risk Manager, you will play a critical role in ensuring the appropriateness of reserves for Life and P&C Loans, conducting pricing peer reviews and sensitivity analysis exercises on large deals and new products, and performing stress tests on different risk factors to set risk appetite limits and regularly monitor exposure against these limits.

Key Responsibilities:
  • Reserve Management: Conduct a 2nd opinion on reserves for Life and P&C Loans to ensure their appropriateness.
  • Pricing and Risk Analysis: Conduct pricing peer reviews and sensitivity analysis exercises on large deals and new products.
  • Risk Management: Perform stress tests on different risk factors to set risk appetite limits and regularly monitor exposure against these limits.
  • Model Development: Update, maintain, and develop stochastic models for CAT and Large losses for the purpose of reinsurance modeling, pricing, and optimization.
  • Financial Risk Management: Contribute to financial risk management activities such as Asset Liability Matching, Credit Risk Assessment, and liquidity monitoring.
  • Operational Support: Support on a need basis the internal control and operational risk activities.
Operational & Technical Responsibilities:
  • Technical Expertise: Challenge on technical, actuarial, financial, operational, and reinsurance topics and express valid arguments to support findings, opinions, and recommendations.
  • Operational Excellence: Proactively suggest pragmatic solutions to enhance operations and business.
Essential Requirements:
  • Actuarial Background: Actuarial background with a graduate degree in any discipline, preferably mathematics, statistics, or engineering.
  • Experience: 2-5 years as an actuary, Risk Manager, or holding a technical function in an insurance or reinsurance company or in a consulting environment.
  • Skills: Sound knowledge of actuarial concepts and analysis, strong skills on actuarial modeling and coding on R and VBA, and relationship management skills to deal with different stakeholders locally and across the Group.
  • Communication: Ability to identify the salient points in complex topics and formulate clear and straight-to-the-point communication to business executives.
  • Adaptability: Ability to understand and utilize established solutions and various new tools and systems.
  • Attention to Detail: Detail-oriented and at the same time have the global picture in mind.
  • Motivation: Highly motivated and able to work on various projects in a highly demanding environment with various stakeholders.


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