Careers

Credit risks are the main underwriting focus in EULA5. In Direct Credit (EULA 5.2) business is mainly written with global banks by insuring credit risks originated by these banks. Thereby, the team assumes the role of a primary insurer. Your task as a Client Relation Risk Manager is to attract new and manage existing bank clients and proactively write business within your responsibility. You will take credit decisions in close collaboration with the responsible Risk Underwriter (RUW) and/or the responsible Portfolio Manager (PM).

Your tasks:

• Expand our global business by binding new transactions with new and existing clients, thereby focussing on large, globally operating financial institutions.
• Establish new and foster existing client relationships by identifying the relevant stakeholders and establishing personal and permanent relationship to them.
• Negotiate and finalize the relevant insurance documentation with your clients.
• Assess the inherent and relevant risks within the transactions offered by these banks, especially for Counterparty (Credit) Risk stemming from their derivatives business.
• Evaluate the banks capabilities in originating and managing these risks.
• Be an expert and function as a Centre of Competence for derivatives products and corresponding risks within the team of EULA 5.2.

Your profile:

• University degree, preferably in Business Administration, Economics, or equivalent training (banking traineeship followed by relevant further education).
• Several years of professional experience in the Capital Markets division of a large, internationally operating bank; ideally in the field of derivatives, ideally Structured Credit, Solutions, or CDS.
• Long standing professional experience in Relationship Management and/or Sales within the relevant fields of business.
• Extensive professional experience in the signing of risk transfer products between banks and/or with insurance companies.
• Exceptional knowledge of regulatory requirements for internationally operating banks, especially for CVA.
• Superior analytical skills in conjunction with a pronounced risk awareness and sense of responsibility, along with a willingness and ability to justify decisions in a clear and comprehensible manner.
• Team player, entrepreneurial spirit, and ability to work independently in a solution-oriented way.
• Business-level English required; additional excellent foreign-language skills advantageous.
• Confident manner, and high degree of social skills when interacting with people.

Application Instructions

In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.

About us

As the world's leading reinsurance company with more than 16,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.
Sounds like you? Push boundaries with us and be part of Munich Re.
Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.
• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

Münchener Rückversicherungs-Gesellschaft
Yamina Djurisic
Talent Acquisition Partner

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