Job Description

Overview What part will you play? If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! The Chief Risk Officer, US & Bermuda is responsible for overseeing risk for the Wholesale and Specialty and Programs and Solutions divisions and global aggregation of risk exposures and risk reporting. The Chief Risk Officer, US & Bermuda will play a crucial role in supporting the Chief Risk Officer, Markel Insurance in delivering a risk function that is respected inside and outside the company. The aim is to enhance the value created by the business, being efficient but never losing sight of the harm caused to the business when Markel fails to effectively manage its risks. The Chief Risk Officer, US & Bermuda is responsible for understanding what might happen (uncertainty), assessing how it could affect business objectives, and acting accordingly with a focus on US underwriting particularly property exposures. Collaborate across the organization including all front-line leaders and teams and coordinate assurance with Legal & Compliance, Actuarial and Internal Audit. Job Responsibilities Team Leadership: Lead and manage a skilled, agile and responsive risk function for Wholesale and Specialty and Programs and Solutions divisions. Managing a team of professionals, including workflow, capacity, improvement of process, development of individuals and recruitment where necessary. Working extensively with the International risk function and considering Group exposures where appropriate. Risk Identification and Mitigation: Identify internal and external risks to Markel achieving its objectives with a focus as outlined above. Design and execute strategies to mitigate identified risks, ensuring robust controls and processes are in place. Focus these strategies on the areas of highest risk. Annual Planning: Lead on risk analysis of annual business plans identifying opportunities and threats to the execution of the plans, support business leaders in addressing any gaps as collaborative business partner. Return on Capital: Champion the importance of return on capital. Understand and contribute to the Global Capital Model particularly around natural catastrophe, reinsurance and valuation of physical assets. Lead on the Systemic Risk Analysis Survey. Create a specific and developed understanding of the physical impact of climate change. Contribute to the development of return on capital as a key measure of expected performance. Support divisions in making these targets more certain. Global Aggregation: Responsible for the global aggregation of exposure and financial ceded reinsurance across Markel’s insurance platforms including SNC and Nephila to ensure protection of Markel and meet rating agency and other regulatory requirements Data Spine: Contribute to the data spine for risk exposure particularly around known tail risks that cross different classes. Champion and lead on the adoption of the data spine and data governance as a route to greater empowerment. Risk Management Framework: Continue to evolve and mature Markel’s comprehensive risk management framework fully aligned with the company's strategic objectives, with a focus on US underwriting especially property exposures. Provide regular reports and updates to senior leaders, committees and regulators. Risk and Solvency Assessment: Input into the Own Risk and Solvency Assessment for Markel Insurance and subsidiary organizations including stress and scenario testing Insurance Management: Oversee the company's corporate insurance portfolio, ensuring appropriate coverages for all identified risks including D&O, Cyber, Auto etc. AuditBoard: Lead our team’s responsibility for AuditBoard – Governance, Risk and Compliance system ensuring alignment with the overall risk register and coordination between the assurance functions Work Experience / Skillset Experience with significant risk-taking decisions, ideally in an underwriting role Possess a deep experience of underwriting particularly property exposures Proven strategic thinking and influencing to anticipate future risks and opportunities and remain alert to global trends, emerging technologies and geopolitical developments Ability to lead and inspire a diverse team of professionals Strategy execution - ability to drive through an agreed program of work and overcome resistance and challenges Report writing and ability to communicate technical information in a way that is easy to understand, digest and apply Be adept at leading and delivering complex projects Be experienced at advising and communicating with board directors, regulators and key stakeholders Analytical acumen Excellent interpersonal and influencing skills with a pragmatic business-oriented approach US Work Authorization US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future. Pay information Job level and base salary offered for the successful candidate will be based on compensable factors, such as geographic location, job-relevant education and licensure, job-relevant experience, demonstrated competencies and specialized skills relevant to the role, and other factors. Markel reserves the right to propose an alternative career level based on these factors. The national average salary for the Chief Risk Officer, US & Bermuda position is $238,000 - $355,000 with 65% short term bonus potential and 35% long term equity incentive. Who we are Markel Group (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world. We’re all about people | We win together | We strive for better We enjoy the everyday | We think further What’s in it for you In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work. We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life. All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance. We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave. Are you ready to play your part? Choose “Apply Now” to fill out our short application, so that we can find out more about you. Caution: Employment scams Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Please note that: All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings. All legitimate communications with Markel recruiters will come from Markel.com email addresses. We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com. Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. Should you require any accommodation through the application process, please send an e-mail to rarecruiting@markel.com. No agencies please. #J-18808-Ljbffr Markel

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