Vice President Enterprise Risk Management

MSIG Holdings•New York City, NY

About The Position

The Vice President, Enterprise Risk Management serves as the quantitative risk partner across MSIG USA and leads the strategic development of the company’s quantitative enterprise risk management function. The role oversees model development, solvency assessments, stress testing, and risk analytics to support capital management, portfolio optimization, risk appetite implementation, and strategic decision-making. It works across Underwriting, Finance, Actuarial, Claims, Operations, and Investments to turn complex risk dynamics into actionable insights that strengthen balance sheet resilience, improve risk-adjusted returns, and inform growth strategy. The position engages with executive leadership, the Board, regulators, and rating agencies, and leads the continued build-out of the ERM team. The position leads the development and enhancement of economic capital models, aggregation analyses, and stress-testing capabilities across underwriting, reserving, catastrophe, market, credit, and operational risks. It directs solvency assessments, quantifies diversification benefits, supports economic capital allocation and risk-adjusted performance measurement, and operationalizes quantitative risk appetite across business decisions. The role also manages enterprise risk components of ORSA, rating agency submissions, regulatory capital reporting, model governance, and related requirements; presents analyses to senior stakeholders; improves risk data infrastructure and analytical tools; and develops the ERM team. This position provides direct leadership, mentorship, and professional development. Initial responsibilities include oversight of an offshore resource supporting capital modeling, with the team expected to grow as business needs evolve. MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., a global property and casualty insurance group with a presence in more than 40 countries and regions.

Requirements

At least 10 years of experience supporting a property and casualty insurance risk management function.
Deep expertise in economic capital modeling, solvency assessment, stress testing, aggregation, and quantitative risk analytics.
Demonstrated ability to translate technical modeling and analytical outputs into practical business and executive-level recommendations.
Experience influencing underwriting strategy, evaluating reinsurance structures, and supporting capital deployment and portfolio decisions.
Strong understanding of complex commercial insurance exposures and interactions among underwriting, reserving, catastrophe, market, credit, and operational risks.
Experience collaborating with senior executives, product leaders, Finance, Underwriting, Actuarial, Claims, Operations, Investments, regulators, and rating agencies.
Experience with ORSA, rating agency submissions, regulatory capital reporting, model governance, documentation, validation, and controls.
Experience leading teams, developing talent, and working effectively within a fast-moving and growing insurance organization.
Ability to connect analytics, modeling, underwriting, data, technology, and business strategy.
Strong financial and strategic acumen, including portfolio analysis, capital allocation, and risk-adjusted performance measurement.
Ability to balance technical depth with clear, concise, and persuasive communication for non-technical audiences.
Excellent written, verbal, presentation, relationship-building, and executive-influence skills.
Ability to synthesize complex issues and deliver clear insights, recommendations, and decisions.
Entrepreneurial, collaborative, adaptable, accountable, and comfortable operating in an evolving environment.
Strong listening skills and ability to build credibility with internal and external stakeholders.
Ability to use advanced analytical techniques and programming to improve modeling, automation, and insight generation.

Nice To Haves

ACAS, ASA, or an equivalent professional credential.
Experience developing or scaling a quantitative ERM function within a commercial property and casualty insurer.

Responsibilities

Lead development, maintenance, and enhancement of economic capital models, aggregation analyses, and stress-testing capabilities across underwriting, reserving, catastrophe, market, credit, and operational risks.
Direct solvency assessments and quantify diversification benefits across lines of business and geographies to inform portfolio optimization.
Translate quantitative outputs into executive-level narratives, recommendations, and decision support.
Define and operationalize quantitative risk appetite, including limits related to volatility, capital drawdown, concentration, and risk-adjusted returns.
Embed risk appetite metrics into underwriting strategy, growth initiatives, reinsurance decisions, and enterprise risk governance.
Support economic capital allocation across products, segments, and business units, and develop risk-adjusted performance metrics to evaluate profitability by line of business.
Partner with Finance and Underwriting on quantitative assessments and advise senior business and executive leaders.
Provide analytical support for strategic decisions, including product launches, geographic expansion, portfolio actions, and capacity deployment.
Build cross-functional partnerships across Actuarial, Finance, Underwriting, Claims, Operations, Investments, and other functions.
Manage enterprise risk components of ORSA, rating agency submissions, regulatory capital reporting, and related governance requirements.
Prepare and present risk analytics to rating agencies, regulators, executive leadership, the Board, and governance committees.
Lead risk initiatives arising from new regulatory requirements and support their implementation and integration into business practices.
Oversee model governance, documentation, validation, controls, and monitoring in accordance with internal standards and regulatory expectations.
Improve risk data infrastructure, analytical tools, automation, and programming-based modeling efficiency.
Build and develop a high-performing ERM team, including oversight of resources supporting capital modeling.
Participate in Enterprise Risk Committee meetings, lead risk-related discussions, and communicate ERM strategy, risk positions, and emerging concerns to senior leadership.
Perform other duties and lead additional risk-related initiatives as assigned.
Provide direct leadership, mentorship, and professional development to ERM team members; initially oversee an offshore capital-modeling resource.