Risk Management – Manager/Supervisor

Milli Re: 95 Years of Leadership and Contribution

Founded in 1929 to nationalize Türkiye’s insurance market, Milli Re is one of the world’s oldest reinsurance companies. As the world’s first and only privately owned company that managed a compulsory reinsurance system across all lines of business, Milli Re has played a pivotal role in shaping and advancing the insurance industry in Türkiye. Milli Re has also managed major reinsurance pools and was instrumental in establishing the Turkish Catastrophe Insurance Pool (TCIP/DASK), serving as its manager from 2000 to 2005. Following the termination of the compulsory reinsurance system, the Company redefined its strategic goals, focusing on expansion into international markets. In line with this vision, the Company opened its Singapore Office in 2007. Milli Re today continues to be the leading reinsurer of the Turkish Market, while providing capacity and risk mitigating solutions to its international clients as a prestigious and trusted reinsurer. In this connection, the Company plays a critical role in the insurance market by offering reinsurance protection to insurance companies, enhancing their capacity to underwrite policies, enabling them to manage their exposures and facilitating their claims handling procedures.

Beyond its core reinsurance operations, Milli Re has also been pioneering in the development of the insurance industry through initiatives such as the Turkish Insurance Institute Foundation and Reasürör Magazine, a quarterly academic publication featuring research, interviews and statistical analyses on re/insurance since 1991.

Committed to sustainable growth, innovation and social responsibility, Milli Re also organizes industry events such as the International Insurance Tennis Tournament and fosters cultural engagement through its art gallery and chamber orchestra.

Our workforce is our greatest asset.

With one of the most experienced leadership teams in the industry, supported by highly skilled professionals in reinsurance, we are dedicated to empowering young talent and promoting gender equality in the workplace. We foster an inclusive environment where individuals can thrive without limitations. As a proud holder of the Equal Opportunity Model (FEM) Certificate, Milli Re remains committed to advancing women’s empowerment in business and contributing to a more equitable society.

Career Opportunities

Risk Management – Manager/Supervisor

Job Description:

The Risk Management Manager/Supervisor will be responsible for developing, implementing, and managing the overall risk management framework and risk culture of Milli Re and its designated affiliated companies. This role involves identifying, assessing, and mitigating risks that could potentially impact the organization’s objectives. The successful candidate will report to the Chief Risk and Internal Control Officer and work closely with senior leadership and various departments to ensure that risk management policies and strategies are integrated into the company’s strategic planning and decision-making processes.

Responsibilities:

• Develop, implement and manage Milli Re’s risk management framework.
• Establish and maintain risk management policies and procedures.
• Ensure that Milli Re’s risk management practices align with local and international regulations, standards and frameworks.
• Identify, assess, and prioritize risks across all business units and functions, including but not limited to financial, operational, regulatory, IT and strategic risks.
• Develop and implement risk mitigation strategies and action plans to minimize potential negative impacts on the organization.
• Provide the business with effective and timely risk management review, challenge and advice, represent a risk management viewpoint in risk identification, measurement, mitigation and reporting of risks.
• Support Board of Directors, Audit Committee and senior management while ensuring timely escalation and reporting.
• Liaise with the parent company to meet the consolidated reporting needs.
• Engage with external stakeholders, including regulators, auditors, and industry partners, to ensure effective communication and compliance with risk-related requirements.
• Promote a risk-awareness culture through the organization and provide guidance to employees on risk ownership and risk-related-responsibilities.
• Support the design and testing of business continuity and disaster recovery plans to determine crisis response and evaluate post-incident reviews.
• Develop and deliver risk management training programs and workshops to enhance risk awareness and capability across the organization.

Qualifications:

• Bachelors degree in related fields,
• MSc in Financial Mathematics or Risk Management or professional certification (e.g., CRMA, FRM, or equivalent) is a plus.
• Minimum 10 years of professional experience in risk management in insurance, private pension, finance, internal control, risk management, actuarial, or audit.
• Strong knowledge of financial markets and insurance regulations.
• Excellent command of written and spoken English.
• Deep understanding of risk management standards and principles and awareness of key developments in risk management best practice.
• Excellent analytical, problem-solving, decision-making, verbal & written communication skills and reporting & presentation abilities.
• Experience in crisis management and business continuity planning is a plus.
• Agile learner, open to new ways of thinking and new ideas; focused on continuous learning and bringing new information into your work.
• Great teammate, willingness to share knowledge and experience within and across team and other functions.

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