Enterprise Risk Lead

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

Future focused and always one step ahead!

The Enterprise Risk Lead serves as a recognized subject matter expert within Integrated Risk Management (IRM), independently leading complex risk initiatives and advancing specialized capabilities, methodologies, governance practices, and organizational effectiveness. The role operates with substantial autonomy, provides expert guidance and constructive challenge to stakeholders and senior leadership, and influences outcomes across multiple functions, business units, and organizational areas.

The initial area of specialization for this position is IT operational risk. The Enterprise Risk Lead will establish and execute second-line oversight of IT operational risks for ERGO NEXT. The role will leverage the Operational Risk and Control System (ORCS) framework and relevant risk, control, audit, incident, resilience, and project information to develop a forward-looking view of material IT and ICT risks, control effectiveness, governance gaps, and required management actions. The role will partner with ERGO NEXT and multiple other Munich Re stakeholders to promote a proportionate and coordinated approach that avoids unnecessary duplication and aligns with applicable regulatory expectations and Munich Re requirements.

After initial construction of IT oversight, the Enterprise Risk Lead will support an orderly transition of IT ORCS activities, documentation, open actions, and governance dependencies to the responsible IT function. As organizational priorities and team needs evolve, the role may also lead or contribute to other integrated risk domains and enterprise initiatives, including Information Security Management (ISM), Business Continuity Management (BCM), operational risk, control governance, and other cross-functional risk capabilities.

Responsibilities

• Serve as a recognized subject matter expert and trusted advisor within assigned enterprise risk domains, providing expert guidance, consultation, and constructive challenge to stakeholders and senior leadership.
• Lead the design, execution, and continuous improvement of second-line IT operational risk oversight for ERGO NEXT, aligned with the ORCS framework, applicable regulatory expectations, and relevant Munich Re requirements.
• Assess material IT and ICT risks by leveraging available risk and control assessments, control-owner self-assessments, audit and regulatory findings, incidents and loss events, technology resilience and disaster recovery information, major programs and projects, risk scenarios, and other relevant sources.
• Provide independent review and challenge of risk and control assessments, including the quality of risk descriptions, control conclusions, supporting evidence, ownership, remediation plans, risk acceptance decisions, and escalation of material issues.
• Consolidate complex information into a clear, forward-looking view of material IT operational risks, control and governance themes, emerging concerns, and management priorities.
• Lead recurring IT ORCS assessment, governance, monitoring, and reporting activities, including risk workshops, executive and committee materials, action tracking, and follow-up with accountable stakeholders.
• Collaborate across ERGO NEXT, IRM, IT, BCM, Compliance, Internal Audit, Legal, TPRM, and business functions to clarify responsibilities, resolve gaps, and support risk-based decision making.
• Interpret relevant regulatory requirements, industry standards, policies, and frameworks; identify gaps and recommend practical, proportionate improvements to risk governance, controls, assessment processes, and reporting.
• Deliver executive-ready reporting, insights, and recommendations to senior leadership, governance forums, boards, auditors, regulators, and other key stakeholders.
• Lead or support significant integration, regulatory, audit, remediation, disruption, and technology risk activities within the scope of the role.
• Plan and support the transition of IT ORCS responsibilities to the responsible IT function after initial oversight has been established, including knowledge transfer, documentation, open action handoff, and alignment of ongoing governance interfaces.
• Lead or contribute to other priority IRM domains and cross-functional initiatives as team needs evolve, including ISM, BCM, operational risk, control governance, and enterprise risk capability enhancements.

Qualifications

Successful candidates will possess the following skills/capabilities:

• 7-10 years of progressive risk management or related experience, including enterprise-level leadership, governance, and oversight of significant risk initiatives or programs.
• Experience in IT operational risk, technology risk, internal audit, information security, controls, business continuity, compliance, or a related discipline.
• Experience presenting to senior leadership and leading complex assessments, projects, programs, or cross-functional initiatives.

Education, Credentials, & Certifications:

• Required

* Bachelor's degree in a related discipline.

• Preferred

* Relevant professional certification(s) aligned with the role or area of specialization.

* Advanced degree in a related field, particularly for specialized or leadership-focused roles.

The Company is open to considering candidates in Ohio (OH).

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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