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Analyst, Risk & Compliance

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Professional Job ID 14558 Company Munich Reinsurance Company of Canada Employment type Regular Area of expertise Actuarial & Risk Management
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Analyst, Risk & Compliance
We care for humankind – and that starts with our people

Our greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success.  Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.
Overview 
Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders?   We are hiring an Analyst, Risk & Compliance in Toronto who will be responsible for the analysis, reporting, monitoring, and testing of financial and nonfinancial risk management information for Munich Reinsurance Company of Canada (MROC) and Temple Insurance Company (Temple).  
Your job
Key Accountabilities and Tasks:
•    Assist with data input and modelling for organizational risk and solvency assessment and risk control system.
•    Assist in preparing the annual risk and solvency assessment report and climate risk related filings.
•    Assist with the annual risk control system cycle, including reviewing first line risk assessments, providing guidance to business owners, and conducting second line reviews, and preparing final reports.
•    Understand financial data and statements, working closely with the Finance department to extract/obtain capital planning inputs.
•    Compile and deliver submission data to Retro department in Munich for pricing of legal retro/reinsurance protection for MROC and Temple.
•    Support capital modelling and Quarterly Risk Reporting.
•    Support monitoring/testing/assessing nonfinancial risk items.
•    Support on compliance monitoring topics.
•    Monitor earthquake exposures and report to group functions quarterly on catastrophe limits and any adjustment, if required.
•    Maintain a co-operative working relationship with all MR Canada staff.
•    Perform other duties that may be assigned.

Your profile
Required Education:
•    Completed Bachelor’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work.
Preferred Experience:
•    0-1 year of experience as an actuarial analyst in the property & casualty industry is an asset.
Specialized Knowledge and Skills:
•    Excellent written and oral communication skills, with the ability to adjust communication style to audience whether internally or externally.
•    Advanced Software/application knowledge, including MS Word, Excel and PowerPoint.
•    Strong modelling skills and excellent working knowledge of FCT, Risk Explorer, Access, Power Bi or similar software desired.
•    Excellent analytical, problem solving, risk evaluation and decision making skills.
•    Excellent organizational, planning, and time management skills.
•    High degree of flexibility and adaptability to changing environment and situations.
•    Demonstrate accuracy and an eye for attention to detail.
•    Ability to work under pressure and meet deadlines.
•    Ability to work on a small team and build strong relationships with colleagues.

In addition to an exciting job opportunity, we offer the following: 
•    Exposure to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners are available.  
•    A comprehensive total rewards financial program which includes extensive flexible benefits and pension. 
•    A hybrid work environment in an inspiring physical workplace setting.
•    Educational Assistance Programs that continue to recognize your on-going success.

Click on the link to apply…
Munich Re/Temple Insurance is committed to providing a work environment that is inclusive and free of employment barriers and discrimination.  Accommodations will be made for qualified applicants with a disability throughout the recruitment process.  If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.

Our base salary range for this role is between $71,000 and $92,000 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a 3 day in-office hybrid work model. This job posting is for an existing vacancy. 

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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