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Liberty Mutual Insurance · 5 hours ago

Head of Cyber Exposure Management

United States

Full-time

Remote

Director/Executive

10+ years exp

Liberty Mutual Insurance is seeking a Head of Global Risk Solutions Cyber Insurance Risk Management. This role is responsible for developing and implementing risk-based oversight of Cyber re/insurance risk globally, requiring collaboration with various teams and significant experience in Cyber underwriting standards.

FinanceFinancial ServicesInsurance

Responsibilities

Maintain and enhance the GRS Cyber “View of Risk,” which details the approved methodology and approach to Cyber risk measurement

Lead strategic analysis and monitoring of Cyber exposures to provide insights into risk accumulations, market and risk trends and developments

Coordinate with key stakeholders to identify, assess, and improve understanding of the Cyber accumulation scenarios or clash events that have the greatest potential to cause a material loss to GRS

Advise key stakeholders on underwriting appetite, risk limits, underwriting guideline considerations and best practices, and other product management actions

Perform independent underwriting and pricing quality reviews to evaluate adherence to GRS standards and guidance, assess the reasonableness of key assumptions and selections, and review for appropriate use of approved pricing tools

Provide risk-based validation of loss models and new pricing tools including review of, and challenge to, key assumptions and parameters

Contribute to knowledge sharing through participation on the Financial Lines Product Board, and other related underwriting and portfolio steering initiatives

Provide, or contribute to, regular reporting to governance bodies (e.g. the GRS ERM Committee, the Financial Lines Product Board) as required

Lead and contribute to Cyber projects and initiatives as required

Coordinate with Underwriting and Operations to develop data standards that improve quality and breadth of the Cyber exposure information collected to facilitate transparent and informed risk taking

Qualification

Cyber underwriting standardsRisk aggregation modellingQuantitative analysisTeam managementCommunication skillsStakeholder engagementData standards development

Required

Competencies typically acquired through a Bachelor`s degree in a quantitative field and 10+ years of relevant experience

Experience managing a team is required

Ability to foster and encourage teamwork and productive working relationships with stakeholders at all levels and across organizational lines required

Preferred

Additionally, excellent quantitative analysis and modeling skills, and significant experience in an analytical capacity (eg financial analysis, product management, actuarial, underwriting, etc.) is highly preferred

Strong written and verbal communication skills in both formal and informal settings, as well as proven ability to effectively present technical concepts to non-technical individuals within and outside of the organization are highly preferred