The role

Responsible for steering and monitoring global surety risk portfolio, including all transaction related workflows at group level, and adherence to our underwriting rules (ASU and Surety rules). Oversees Risk and Commercial Underwriting under new hybrid structure, Claims, SRU, Legal, Sanctions/Embargo & Compliance and ESG processes. Acts as proxy/backup for the Global Head of Surety.

Future challenges

Deliver sustainable and profitable growth of our portfolio over economic cycles. Adapting oour commerical strike zone for inflow of new business in a balanced way to achieve both our growth and profitability targets. Avoiding severity claims that could put our loss ratio budget at risk.

Main tasks

Defines and maintains the Underwriting Rules, Standards and the Surety Handbook
Periodically defines and adjusts the Commercial Strike Zone for Surety Regions & BUs in close alignment with TCI counterparts
Channels BU submissions to Group credit comittees if approval is required
Challanges quality of BU underwriting in line with Global UW Framework
Helps to cascade the Global UW Framework to Surety BUs and function as knowledge center for questions
Supports community building in Surety Underwriting
Steers Regional Heads of Surety UW via dotted line
Performs portfolio management, Underwriting File Reviews and ascertain adherence to Commercial Strike Zone
Represents, presents and votes (when applicable) in various committees: Group CC, GRCC, SCRUM, (Pre)LRC
Stands in for Global Head of Surety when absent (proxy, deputy role, potential successor)
Is leading representative from Surety side on SRU cases.
Liaises with SRU community, designs/executes Surety SRU strategy and reports out on Watchlist/SRU cases
Is involved in setting Surety reserves (prepare submissions and liaise with key functions)
Leads a team that represents other responsibilities: Legal, Claims, ESG, Sanctions/Embargo & Compliance

Profile

Master's degree of education or equivalent (preferably business based)
10-15 years experience in risk management, business analysis and relationship management, with a strong focus in Surety and/or Banking products
Experience in analysis of financial, economic and other information to assess risks
Proven cross-cultural communication skills and international experience
Strong communication skills and good relationship builder
Capability to influence others and present well
Hands-on mentality, result driven and proven customer centric behaviours, strong internal network
Proficient in English and preferably more language(s)

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1 Job for Risk Assessment in France

Group Surety Head of Risk Underwriting F/M