Enterprise Risk Manager

Overview

Join to apply for the Quantitative Enterprise Risk Manager role at MSIG USA

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

MSIG USA continues to grow!

• Lead the company’s capital modeling and risk-adjusted return analytical processes.
• Parametrize and maintain the company’s internal capital model using Igloo, ensuring it reflects current risk exposures across underwriting, reinsurance, investments, operations, and reserving. Product lines include Property, Traditional Casualty, Marine, Financial Lines, Political Risk & Credit, Surety and Cyber.
• Perform ongoing capital adequacy analysis under regulatory and rating agency frameworks (e.g., AM Best, NAIC RBC, Solvency II).
• Translate model outputs into actionable insights to support strategic and financial decision-making.
• Develop new solutions and improvements to statistical models and processes.
• Maintain model documentation and controls in line with model governance standards.
• Design and execute comprehensive stress tests and scenario analyses to assess net aggregations across various risk types and the impact of adverse events on capital, liquidity, and earnings.
• Develop underwriting, investment, operational, and emerging risk scenarios for use in strategic planning and the Own Risk and Solvency Assessment (ORSA).
• Collaborate with finance and actuarial teams to interpret and communicate scenario results to senior stakeholders.
• Conduct risk-based evaluation of reinsurance structures, assessing effectiveness in capital relief and earnings protection.
• Support reserve variability and tail risk analyses to enhance understanding of technical provisions and associated capital needs.
• Produce clear and insightful risk reports for senior management, the Risk Committee, and regulatory audiences.
• Contribute to the enhancement of the Risk Appetite Framework and overall Enterprise Risk Management (ERM) strategy.
• Ensure capital model integration into broader ERM activities and risk-based decision processes.

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field; ASA/FSA or equivalent credentials strongly preferred.
• 5+ years of experience in capital modeling, insurance financial risk management, or actuarial risk roles.
• Proficiency in Igloo or similar capital modeling tools (e.g., Tyche, Remetrica).
• Experience in regulatory stress testing (e.g., ORSA, AM Best, NAIC) and risk quantification.
• Strong technical skills with Excel; knowledge of R, Python, or SQL is a plus.
• Excellent analytical, communication, and presentation skills.

The base pay range is $ - . Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law.

In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.