Quantitative Enterprise Risk Manager - Mitsui Sumitomo Insurance Group : Job Details

Quantitative Enterprise Risk Manager page is loadedQuantitative Enterprise Risk ManagerApply remote type Hybrid locations NY-NYC (Ave of Americas) NJ-Warren time type Full time posted on Posted 5 Days Ago job requisition id JR-000480

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary ofMS&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.

Position Summary:

The Quantitative Enterprise Risk Manager plays a key role in advancing the company's financial risk framework, with a primary focus on capital modeling, solvency assessment, and stress testing. Collaborating closely with experts in underwriting, actuarial, catastrophe modeling and investment management, the role supports enterprise-wide risk analysis, including reinsurance structures, reserve variability, and scenario development. The ideal candidate brings a strong actuarial or quantitative background and has hands-on experience with the Igloo capital modeling platform or similar capital modeling tools.

Key Responsibilities:

Capital Modeling & Solvency Assessment

• 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.

Stress Testing & Scenario Analysis

• 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.

Reinsurance & Reserve Risk Support

• 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.

Reporting & Governance

• 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.

Qualifications:

• 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.

Salary: The base pay range is $150,000.00 - 170,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

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.

Each employee plays an important role which contributes directly to the success and continued growth of MSIG.

MSIG Holdings (U.S.A.), Inc. (MSIG) is a wholly owned subsidiary of the MS & AD Insurance Group Holdings, Inc. – one of the top ten property-casualty insurance groups world-wide. Our Group has capital in excess of $25 Billion, operations in more than 40 countries and nearly 40,000 personnel located globally.

MSIG in the U.S. is comprised of three insurance companies with licenses in all fifty states as well as Puerto Rico and the District of Columbia. These companies and five other subsidiaries, deliver state of the art risk financing programs, insurance products, risk engineering and claims management services that enable our clients to effectively and efficiently manage their risks. Our insurance companies share the A.M Best's A+ XV Rating and Standard & Poor's A+ Rating of our Japan-based parent.

Our clientele runs the gamut from small and mid-sized, sole-proprietorships, partnerships and corporations, up to some of the largest and most sophisticated multinational corporations operating in the U.S. and globally.

The vast majority of clients seek our support related to Commercial Lines insurance products including Commercial Property and Liability Insurance products. However, through our subsidiary – Seven Hills Insurance Agency, LLC. – we are able to provide Personal Lines Insurance products including homeowners, renters, automobile, etc.

All Risk Property, Commercial Liability, Automobile, Workers Compensation, Management Liability, Marine, Excess & Umbrella, Claims Management, Risk Engineering services, etc.

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