Senior Risk Manager- Life & Health

Are you a seasoned risk professional with a passion for making the world more resilient? Do you thrive at the intersection of analytical rigor and strategic influence? If so, this is your opportunity to join one of the world's leading reinsurers and play a pivotal role in shaping the future of Life & Health risk management on a global stage.

About the Role

As a Senior Risk Manager within Swiss Re's Life & Health Risk Management team, you will be at the heart of some of the most complex and commercially significant decisions in the reinsurance industry. This is a role where your expertise genuinely matters — you'll provide independent risk oversight, challenge assumptions constructively, and help ensure Swiss Re continues to honor its long-term promises to clients and society. With both an Americas and global focus , you'll collaborate with colleagues across regions, bringing your knowledge to bear on transactions, portfolio strategies, and risk frameworks that have real-world impact.

Key Responsibilities

• Support business steering and monitoring by providing an independent, expert voice that helps business partners balance commercial strategy with sound risk management principles
• Assess portfolio strategies and business plans for risk accumulation, utilization of risk limits, risk trends and mitigants, and operational and monitoring effectiveness
• Represent Risk Management in Smart Circles and provide risk input to the L&H Re CRO on Market Unit business reviews
• Review inbound transactions , in-force optimization activities, external retrocessions, hedging solutions, and core innovation proposals (including distribution partnerships, product development, and sustainability initiatives) to support Risk Management's sign-off
• Provide expert opinion to ensure risk capital is set appropriately, key risks are identified, reflected, and mitigated, and that contractual terms safeguard prudent risk taking
• Lead and support costing assurance activities through participation in Insurance Risk Reviews and Terms of Trade Reviews
• Contribute to a comprehensive risk management framework , including proposing appropriate limits and ensuring transparent reporting of the risk landscape to a variety of stakeholders
• Support infrastructure and methodology improvements , including internal model vetting, risk capital and Risk Adjustment factor reviews, and governance of origination activities
• Investigate key risk issues and topics relevant to L&H business, such as extreme risk analysis, pandemic risk and monitoring, and L&H accumulations
• Foster strong relationships with stakeholders across the Market Unit, global L&H functions, and other risk management, legal, and compliance teams

About the Team

Swiss Re's Risk Management function is uniquely positioned to help make Swiss Re itself more resilient — enriching risk taking by drawing on accumulated risk knowledge, perspective, and experience. In a world defined by turbulence and uncertainty, Risk Management helps identify risks worth taking and steers the business away from those that could destabilize it. The team delivers accurate valuations, ensures appropriate reserves, and provides in-depth views on business performance — all in service of Swiss Re's long-term profitability and its promise to clients.

Within this broader function, the Life & Health Risk Management team operates with a bold vision: "Boldly tackle tomorrow's challenges today." Whether performing due diligence on a material transaction or preparing a report for a Senior Management Committee, the team brings this vision to life every day. Working globally, team members leverage each other's strengths, learn from one another, and champion conscious, transparent risk-taking. The team partners proactively and challenges constructively — working closely with the first line to help avoid surprises, support commercial best practices, and promote a culture of risk awareness that enables Swiss Re to challenge risk from every angle.

About You

You are a confident, curious, and commercially minded risk professional who brings both technical depth and the interpersonal savvy to influence across a complex, global organization. You are comfortable navigating ambiguity, working across multiple functions simultaneously, and making sound judgements with minimal supervision. You bring a collaborative spirit and a genuine commitment to fostering a risk-aware culture.

We are looking for candidates who meet these requirements:

• Actuarial qualifications (FSA, FCIA, FIA, FFA, or a recognized equivalent) demonstrating a strong technical foundation in Life & Health
• 5–8 years of experience in an Actuarial or Risk Management function, with demonstrated exposure to L&H reinsurance or insurance products and services
• Extensive technical and commercial knowledge of L&H business, including a solid understanding of key products, services, and market dynamics across Swiss Re and its competitors
• Undergraduate university degree in Actuarial Science, Mathematics, Statistics, Finance, or a related discipline

These are additional nice to haves:

• Experience in transaction review and due diligence , including assessment of retrocessions, hedging solutions, or product innovation proposals
• Familiarity with internal models, risk capital frameworks, and Risk Adjustment methodologies
• Track record of managing multiple stakeholders across different functions, geographies, and seniority levels
• Demonstrated ability to communicate complex risk topics clearly and persuasively — both in writing and verbally — to technical and non-technical audiences
• Experience with extreme risk analysis , pandemic risk monitoring, or accumulation risk in a Life & Health context
• Proven ability to work under pressure and prioritize effectively across competing demands
• A collaborative, growth-oriented mindset with experience mentoring or supporting less experienced colleagues

The role is open to our Fort Wayne, New York City, or Armonk offices. Our company uses a hybrid work model requiring at least three days in the office each week, with the option to work onsite full0time if preferred.

For Fort Wayne, the estimated base salary range for this position is $146,000 to $244,000. For Armonk and New York City, the estimated base salary range for this position is $154,000 to $256,000. The specific salary offered for this, or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short- and long-term incentives, and benefits offered), in setting individual compensation.

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

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