Chief Risk Officer (CRO)

UNIQA Insurance Company – a leader of the Ukrainian insurance market and part of the Austrian UNIQA Insurance Group, one of Europe’s largest insurance groups – invites a Chief Risk Officer (CRO).

Your key responsibilities:

Risk Management Strategy and Policy

• Develop, update, and submit for Supervisory Board approval the Risk Management Strategy, Risk Appetite Statement, and Risk Management Policy, including risk limits
• Establish and maintain the company’s Enterprise Risk Management (ERM) framework as the second line of defense
• Coordinate the implementation of a risk-based approach within the internal control system, ensuring risk identification, assessment, and monitoring, and providing recommendations to enhance the effectiveness of controls and risk management practices

Risk Identification, Assessment, and Monitoring

• Identify and assess risks using both quantitative and qualitative methodologies, including insurance (underwriting), market, liquidity, operational, and reputational risks
• Conduct stress testing, scenario analysis, and capital adequacy assessments considering the company’s risk profile
• Monitor compliance with approved risk appetite and risk limits; escalate breaches, material deviations, and significant risk events

Reporting and Governance

• Prepare regular risk management reports for the Management Board, Risk Committee, and Supervisory Board
• Participate in Management Board and Supervisory Board meetings on matters related to the company’s risk management framework
• Review new products, underwriting policies, and investment strategies from a risk management perspective

Regulatory and Cross-Functional Cooperation

• Liaise with the National Bank of Ukraine (NBU) on risk management matters, support supervisory reviews, and coordinate responses to regulatory requests
• Collaborate with Compliance, Internal Audit, and the Appointed Actuary to ensure alignment of governance, risk management, and internal control systems
• Promote a strong risk culture across the organization and deliver risk management awareness initiatives and training

What is important for this role:

• Higher education in Economics, Finance, Mathematics, Actuarial Science, or a related field
• At least 5 years of experience in risk management, insurance, or financial services, including leadership responsibilities
• Proven experience in developing, implementing, or enhancing risk management frameworks
• In-depth knowledge of Ukrainian insurance legislation and National Bank of Ukraine requirements for insurers' risk management systems
• Hands-on experience with quantitative and qualitative risk assessment methodologies
• Strong analytical, strategic thinking, and leadership skills
• English proficiency sufficient to work with international standards, professional documentation, and communicate with UNIQA Group colleagues
• Impeccable business reputation and eligibility to meet NBU fit-and-proper requirements for key persons of an insurance company, including potential regulatory assessment and/or interview

Preferred Qualifications

• Experience within an international insurance or financial services group
• Practical experience working with the National Bank of Ukraine
• Knowledge of international frameworks and standards, including Solvency II and IFRS 17
• Understanding of actuarial methodologies, technical reserve calculations, and insurance capital management

What you will get by joining UNIQA:

• Competitive salary with stable and timely payments
• Hybrid working model: office-based work with up to 50% remote work
• Professional development: free access to the Corporate University with dozens of learning programs
• International professional environment: as part of UNIQA Insurance Group, participation in cross-country projects with colleagues from 14 countries, gaining valuable international experience and development opportunities
• Health care support: free medical insurance and accident insurance, with the option to insure family members on preferential terms
• Mental health support: free psychological assistance service with a corporate psychologist
• Modern and safe office: fully equipped for comfortable work, with two shelters; pet-friendly environment — you can come to work with your pet
• Parental support: employees may come to the office with their child when needed — a dedicated children’s room is available
• Social responsibility as part of our culture: systematic support of charitable initiatives and foundations, including those helping children, people with Down syndrome, and individuals affected by the war — this is a consistent stance, not one-off actions
• Additional benefits: discounts on company products and work in an environment that values expertise, partnership, and accountability

UNIQA has been operating in Ukraine for over 32 years, developing the insurance market and taking care of millions of customers.