Risk Management Lead (Richmond, VA) at Markel

| Richmond, VA
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Company Information:

What we look for
Our exceptional and motivated employees are our greatest strength. Our employees provide the highest level of

customer service and help maintain our position as a leader in the global marketplace.

Markel Style
The Markel Style is what makes us stand out from our competitors. It's our core value which should underpin how we do business, while influencing our behavior and performance. We are looking for people who have potential and share our passion to live the Markel Style, which is described in more detail below.

If you think you have these core attributes we want to hear from you.

Job Summary:
The Markel Risk & Capital Team is responsible for implementing an effective Enterprise Risk Management ("ERM") strategy and framework that is responsive to the organization's risk profile, business strategies, material risk exposures and risk tolerance thresholds. The Risk & Capital Team, reports up to Markel's Chief Risk Officer, and to the Risk Management Committee ("RMC"). RMC is comprised of Executive Management and chaired by the Chief Financial Officer. ERM activities cover the entirety of Markel Corporation, although there is more of a day to day focus on traditional insurance operations. The risk & Capital team also report into other Committees and Boards and partners closely with business unit risk management teams.

The Risk Management Lead role requires the ability to absorb and analyze information, liaise with stakeholders of all levels within the organization and propose strategies and solutions to monitor, manage and mitigate risk, focusing not just on managing downside risk but also optimizing risk adjusted returns. Strong influential, interpersonal and presentational skills are essential, as well as an ability to absorb and address complex issues quickly. Many of the areas of work are confidential and therefore a high level of integrity and sensitivity are required. Inquisitiveness about the business and risk topics is necessary as well as continued ability to step outside the comfort zone.

The role could be based in any Markel office location. Some flexibility regarding attending video meetings in different time zones may be required. Some occasional business travel may be necessary.

Job responsibilities
  • Manage the regular process for assessment, analysis and reporting of various areas of Risk across the Corporation - including timely delivery from stakeholders, and verify information provided
  • Identify potential risk management "gaps" and propose process and reporting enhancements. Actively take the initiative to enhance efficacy and efficiency of the team
  • Manage stakeholder relationships on a day-to-day basis. Advocate for the function and promote awareness across the organization. Viewed as a "go-to" subject matter expert for designated risks
  • Support the timely production of Quarterly Risk Management Committee materials
  • Lead various projects to analyse areas of risk and propose practical, pragmatic and cost effective solutions
  • Oversee work by members of the team on certain specific activities, being comfortable with remote oversight of team members on these specific activities and providing guidance, instruction, mentoring and leadership, with appropriate performance management feedback.
  • Support regulatory and rating agency ERM related requirements, as appropriate.
  • Support raising the profile of the function across the Company through presentations and production of materials
  • Other tasks, as required

  • Degree level in a finance, business, or other analytical discipline desired but not essential

  • Insurance, Risk Management, Accounting, or another professional qualification (or progress towards qualification) preferred but not essential

Work experience
  • Experience of working collaboratively with various functions to "make things happen" and influencing stakeholders where appropriate
  • Experience and knowledge of Operational Risk Management desirable but not essential
  • Knowledge of basic concepts behind insurance, accounting or actuarial concepts desirable but not essential
  • Understanding of the key features of insurance contracts beneficial.

  • Embodying the Markel Style
  • Excellent communication, in presentations and in writing. Ability to communicate complex topics confidently and concisely.
  • Strong analytical and numerical skills
  • Able to understand new or unfamiliar topics by asking well-targeted questions and identify and relay key risk factors
  • Strong organizational and time management skills
  • Logical, naturally inquisitive and diplomatic
  • Strong interpersonal skills: can liaise with staff at every level and function
  • A "team player", more concerned about the success of the overall team than their own profile
  • Strong desire for continuous improvement

Please note: Markel has a phased approach for re-entry into our buildings that is designed to balance the ongoing health, safety, and well-being of our employees with operational considerations and regulatory/ governmental requirements and recommendations. Effective 10/1/21 we have implemented a hybrid return to work strategy that allows for three days in the office every week.

"Why work for us?"

Diversity and inclusion
Markel is truly a global and diverse company. We believe that diversity makes us better business partners and that embracing people's differences can bring amazing results and fuel innovation. We have a portfolio of businesses and product lines that operate around the world.

Community involvement
Markel has a rich heritage of supporting communities across the world where our customers and employees live and work. Giving back is part of our history and our future. Our employees share in this philosophy through volunteering, mentoring and fundraising.

Commitment to open doors

Markel is committed to creating the best work environment. Our open-door policy is essential in recognizing business issues as they rise and to address the changing needs of our diverse and global workforce. Challenging management is a component of the Markel Style-some of our best ideas start from a conversation between a manager and an employee.

Entrepreneurial spirit

As the Markel Style states, we pursue excellence, strive for a better way, and share the success of others. Markel associates proactively seek new business opportunities, bringing further success to Markel.
More Information on Markel
Markel operates in the Insurance industry. The company is located in Glen Allen, VA. Markel was founded in 1930. It has 3519 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Dental Benefits, Health Insurance Benefits, 401(K), Employee Stock Purchase Plan and Performance Bonus. To see all 34 open jobs at Markel, click here.
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