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CDI - CRO - Regulatory Affairs Project Manager

Date: Jun 8, 2021

Location: Paris, FR

Company: SCOR

     EMEA     

Paris France (FR) 

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CDI - CRO - Regulatory Affairs Project Manager 

Permanent 

Risk Management 

 

 

          About SCOR         

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

 

- Department

The Prudential and Regulatory Affairs Department is in the Chief Risk Officer Direction. It monitors the prudential regulations and advises the Group.

It ensures the Group actively positions itself vis-a-vis the different jurisdictions and requirements to which it is exposed or could be exposed, notably by coordinating SCOR’s actions to comply with regulatory requirements for the supervision of (re)insurance companies and Groups in France and SCOR’s interactions with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and by monitoring SCOR’s interactions with (re)insurance supervisors worldwide through regular contacts with the SCOR teams in charge locally.

It also coordinates the Group’s efforts to adapt to new major prudential regulations, such as Solvency II or ComFrame.

 

- Job Summary

  • Coordinate SCOR’s to comply with regulatory requirements for the Group supervision actions and to answer to the Autorité de Contrôle Prudentiel et de Resolution (ACPR) requests and on a very wide range of topics
  • Participate to SCOR’s interactions with SCOR’s Group supervisor (ACPR) on any topic discussed with the ACPR

 

- Key duties and responsibilities

 

Within the Group Regulatory Affairs team of the Prudential and Regulatory Affairs Department, the role of the Regulatory Affairs Project Manager is to 

 

  • For topics raised by ACPR or to be addressed with ACPR (applications, inspections…), manage or participate in regular committees or set up ad hoc projects to define SCOR’s approach and answer with relevant stakeholders in due time and with appropriate governance; for major projects, prepare GPO report (including monitoring budget approval process and expenses
  • Coordinate efficient communication to internal stakeholders to prepare all meetings with ACPR in particular monthly Copil (briefing note, minutes); organize the meetings with ACPR and coordinate follow-up on actions
  • Report to and get steer from SCOR’s management on the interactions with ACPR and strategy for the implementation of regulatory evolutions, having assessed their forecasted impact
  • Participate in coordinating position on Solvency II vis-à-vis European supervisors and stay informed of topics involving ACPR; participate in market discussion forum and working groups when relevant
  • Contribute to the company’s knowledge management on the regulatory and supervisory matters related to Solvency II (e.g. newsletter, training or education sessions, position papers, etc),
  • Coordinate ad hoc studies/data collections requested by EIOPA and ACPR on a broad range of issues (governance, cyber, climate change etc.)
  • Support requests or projects stemming from other departments or local entities on regulatory matters as necessary

 

- Required experience and competencies

  • “Can do attitude”, practical and resourceful; strong ability to apprehend a new topic quickly  
  • Interpersonal and communication skills, critical sense and strong analytical capabilities. Ability to structure impactful messages for delivery at executive level.
  • Demonstrated skills in transversal project management
  • Strategic skills
  • Ability to build a synthesis, construct an argumentary and convince based on facts and rigor of reasoning
  • Ability to work in a multi-cultural environment
  • Excellent command of written and oral French and English
  • 5-10 years of experience required in a relevant area such as risk management, insurance law, actuarial science, insurance economics or investors relationship
  • Excellent command of Excel

 

- Required education

MA degree required in one of the above areas, or from top engineers or management schools