Citi Group Corporate Insurance Risk Executive Group Manager 

United States, New York, New York 

808140691

Responsibilities:

• Leads Citi’s Corporate Insurance and Risk Management (CIRM) function, a specialized unit that protects Citi’s global assets and continuity of business from fortuitous loss through risk analysis, financing, placement and administration of property/casualty insurance programs, and captive insurance company management.
• Develop strategy and execute risk financing activities including placement and administration of property/casualty insurance programs and management of captive insurance company.
• Develop strategy and execute insurance claims management, appointment and oversight of third-party administrators, actuarial reviews, loss engineering and risk control activities.
• Insurance support to business units and senior/business risk managers for various business specific insurance needs including political risks and specific credit insurance placements.
• Risk management advisory services to business units, approval/monitoring of local insurance purchasing, insurers, and insurance brokers.
• Accurate and timely financial and regulatory reporting and compliance deliverables for CIRM and captive insurance legal entity.
• Accountable for capital and investment management related to self-insured program.
• Appropriately assess risk when making business decisions, taking into consideration the firm's reputation, and safeguarding the company, its clients, and assets.
• Drive compliance with applicable laws, rules, and regulations, adhere to company Policy.
• Apply sound ethical judgment regarding personal behavior, conduct, and business practices.
• Escalate, manage and report control issues with transparency.
• Supervise the activity of others effectively and create accountability with those who fail to maintain these standards.
• Handle full management responsibility of CIRM and captive business activities, including management of people, budget and planning.
• Ensure appropriate staffing and organizational structures are in place for their area.
• Negotiate and make independent decisions on property/casualty insurance related issues/activities that have critical impact or influence on company revenues, capital, or business operations.

Qualifications:

• 15+ years relevant experience at a senior decision-making level;
• Managerial experience
• Experience in insurance industry

Education

• Bachelor’s/University degree
• Master’s degree preferred,
• ARM/CPCU preferred

Anticipated Posting Close Date: