CRS Dublin Head of Risk - Canada Life Reinsurance (CL Re is also known as Capital & Risk Solutions)

• Full Time, Permanent position
  
• Hybrid role based in our City Centre offices

What we offer

We have embraced a hybrid working model for most of our positions, which means that you can enjoy a balanced approach of working from home for part of the week and working from the office for the remainder of the week.

We offer a comprehensive benefits package including competitive salaries and bonuses, robust Learning and Development support, excellent Defined Contribution pension and comprehensive Wellbeing initiatives and support to name but a few. 

Further details on our benefits package can be accessed here Benefits (life-careers.com)

Team Overview

Following a restructuring of the senior management team, the role of “CRS Head of Risk – Dublin” has been created. The successful candidate will lead the Dublin CRS Risk Team and will report to the AVP, Reinsurance Risk Management who is based in the CRS Toronto office. 

The successful candidate will work as part of the CRS risk team which provides oversight of all risks at CRS, covering multiple locations and a wide array of risk types. The Dublin-based risk team is primarily responsible for providing risk function oversight in relation to:

• Reinsurance transactions originated by the Dublin business development teams, covering life and non-life transactions,
• Solvency II and board requirements associated with CLReI, the Irish operating entity of CRS and
• Operational Risk oversight across CRS 

The Role

The role represents an excellent opportunity to gain experience of working with senior management at CRS including the AVP, Reinsurance Risk Management and the CRS Chief Actuary & CRO. In addition, the role will offer the opportunity to work closely with the Dublin-based CRS Business Development teams, to present to CRS-level management committees and to support and oversee the CLReI Chief Risk Officer (PCF14). 

More specifically, the role will involve:

• Responsibility to provide second line oversight for strategic decisions including reinsurance transactions developed by the Dublin-based business units. These transactions will be comprised of both life and non-life reinsurance treaties
• Engage with the Dublin Head of Office to understand and provide second line oversight of relevant issues that may arise within the Dublin Reinsurance Office
• Oversight of regular risk reporting requirements including risk budgets, risk limit reviews and committee-level reporting
• Oversight and support to be provided to the CLReI CRO (PCF position)
• Oversight of budgets & costs for the Dublin Risk team
• Responsibility for overseeing the CRS Operational Risk second line function
• Responsibility to oversee and lead risk-related projects which may arise
• Oversight of a team of 5 people in Dublin 
• Required to manage relationships with multiple, senior stakeholders including CRS CEO, CRS Chief Actuary & CRO, Dublin-based business unit leaders, CRS Dublin Head of Office, Head of the CRS risk team in Toronto, group level financial and operational risk leads

The Person

The successful candidate will ideally have/be: 

• Qualified actuary with 7+ years’ experience in a life and\or non-life insurance or reinsurance environment (not essential but highly desirable) 
• Ability to understand complex transactions and identify the most important considerations from a risk perspective.
• Well-developed verbal and written communication skills, and in particular, an ability to effectively communicate complex concepts
• Assertive, self-motivated with the capacity to work autonomously, as part of a team and across teams including experience of planning and leading projects or initiatives
• Strong analytical skills and problem-solving abilities, including an ability to derive and apply pragmatic solutions to complex problems
• Experience of leading and developing a highly motivated team
• Risk, Valuations, Pricing or Internal Audit experience is beneficial
• Competent user of MS Excel, MS Access, MS Word and MS PowerPoint

Key Competencies

• Leadership
  
• Communication and Influencing
  
• Planning and Organising
  
• Problem Solving and Decision-making
  
• Risk Control and Regulatory Environment
  
• Commercial Awareness

About us

Canada Life Reinsurance (CL Re) is a division of Great-West Lifeco Inc. (Lifeco) and a leading provider of client focused reinsurance solutions in the United States, Europe and Asia. CL Re offers a range of innovative risk and capital management solutions covering mortality, longevity, health, lapse, investment, non-life and P&C risk for insurers, reinsurers, and pension funds. CL Re is continuing to expand the solutions it offers to new and existing clients in many global markets.

CL Re has offices in Dublin, Toronto, Philadelphia, Bermuda, Barbados, and Regina. The Dublin office is the base for CL Re’s European and Asian operations as well as the Irish reinsurance entity, Canada Life Re Ireland dac (CLReI). It comprises approximately 170 reinsurance professionals, including 120 actuaries and trainee actuaries. It is a proactive, inspiring, and friendly environment where talent and hard work are recognised and rewarded.

Lifeco is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. Lifeco and its companies have approximately 32,000 employees, $3.2 trillion in consolidated assets under administration and a capital ratio (LICAT) of 130% (as at 31/12/2024).

As a Company we are committed to a diverse and inclusive workplace where employees can thrive and reach their full potential.

The company reserves the right to draw up a shortlist as part of the selection process.  Where Agency assistance is required the Canada Life Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Canada Life Reinsurance by Recruitment Agencies will not be accepted for this role.

Canada Life Group Services is proud to be an Equal Opportunities employer. We have created an environment of inclusion and growth to help people achieve their potential, to ensure they can bring their whole selves to work and to feel valued.  We celebrate diversity of thought and perspective and want all of our employees to feel valued, respected and supported.  We have built a culture that promotes equality and inclusion for all of our current and future employees and strive to ensure that our behaviours, processes and practices are aligned to this culture.

If you require any accommodations during the recruitment process please contact Lifecareers@irishlife.ie and we will be delighted to ensure you are fully supported to be your best.   

CLGS supports Equal Opportunity and is regulated by the Central Bank of Ireland.