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Vice President, Insurance Solutions, London
Client:
MUFG
Location:
London, United Kingdom
Job Category:
Other
EU work permit required:
Yes
Job Reference:
2fab51ea3c0f
Job Views:
71
Posted:
18.02.2025
Expiry Date:
04.04.2025
Job Description:
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
MAIN PURPOSE OF THE ROLE
* We are looking for an experienced candidate with a good understanding of insurance financials and previous exposure to insurance solutions either in a bank, an insurance company or a broker, and established connections within the sector to promote MUFG product offering.
* The position involves coverage responsibility in addition to developing solutions, and the successful candidate can expect to take more coverage responsibility as the team continues to expand.
* Cooperation with other MUFG offices - the US in particular is a key part of the role, and the successful candidate should expect to work closely with the Insurance team based in NY.
KEY RESPONSIBILITIES
* Be part of the Insurance coverage team and work with the product teams to grow the revenues in order to gradually establish MUFG as a leading Insurance House globally.
* As First Line of Defense, liaise with credit to build the tools to help the risk analysis of insurance solutions and develop a risk framework.
* The successful candidate will identify the potential for more advanced solutions for insurance clients and take a leading role in origination.
* Work with the Head of NBFI to train, supervise and develop insurance RMs in EMEA and other regions.
WORK EXPERIENCE
* Previous experience in structuring insurance solutions.
* Coverage responsibility.
PREFERRED EXPERIENCE
* Working experience in the capital management or solutions team of an insurance, a reinsurance or an insurance broker.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
* Knowledge of Solvency 2 and BMA regulations.
* Understanding of Consolidator business.
* Understanding of reinsurance.
* Understanding of regulations relating to reserve for P&C and Life.
* Good access to the Lloyd’s market and mid-size insurance carriers across Europe where the team wants to expand.
* Exposure to sidecar financing.
EDUCATION / QUALIFICATIONS
* Finance and derivatives.
PREFERRED
* Actuarial background useful but not necessary.
* Good understanding of the credit process in a bank.
PERSONAL REQUIREMENTS
* Strong team player and ability to integrate in a small but international team dedicated to the growth of the Insurance franchise at MUFG globally.
* Results driven, with a strong sense of accountability.
* Deep understanding of risk and able to take a long-term view of the business.
* Strong decision-making skills, the ability to demonstrate sound judgement.
* Excellent attention to detail and accuracy.
* A calm approach, with the ability to perform well in a pressurized environment.
* Strong numerical skills.
We are open to considering flexible working requests in line with organisational requirements.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
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