Internal Control and Operational Risk Officer, Descartes Underwriting
CDI
Parametric insurance for climate, cyber & emerging risks
Job no longer available
Parametric insurance for climate, cyber & emerging risks
201-500 employees
Job no longer available
201-500 employees
Company mission
To help companies and communities build resilience in a world at risk.
Role
Who you are
- Graduated from a Business or University or Insurance school with a specialization in audit and/or in internal control
- 2 or 3 years’ experience in internal control and for the insurance (non life) industry is valued
- Eye for quality, autonomous and attention to detail
- Pragmatic, Analytic, team player
- Good communication skills (written and verbal)
- Fluency in French and English
- Motivated by insurance and innovation with the ability to work in a dynamic and multi-cultural environment
- Ability to work in small teams, take initiatives and communicate with business team to support them
- Willingness to work with business team or engineers to support them and explain risk concepts
- Ability to assess risk and suggest solutions
- Eagerness to work in an international and fast growing environment
- Flexibility and capacity to work on different types of tasks
What the job involves
- You will report to the Chief Risk Officer and you will be a key contributor of the deployment of an enterprise risk framework within the entities of the Group, Descartes Insurance and Descartes Underwriting and their affiliates outside France
- Providing support to 1st line managers to design and operate controls
- Participating to working groups with business functions to review controls and monitor the risk mitigating action plans
- Participating to 2nd line control activities for providing independent opinion on the design and operating effectiveness of controls set out by the 1st line
- Operational risk identification and assessment through workshops with first lines
- Operational risk scenarios definition and quantification
- Monitoring Operational Risk Appetite and alert on any breaches
- Loss data and incident collection on a regular basis, Key Risk Indicators monitoring and reporting on a regular basis, Reporting on top operational risks
- Updating and reviewing operational risk policies
- Monitoring Information risks with specific Key Risk Indicators, action plans
- Develop Risk Management second opinions on key projects
- And others potential tasks to follow the growth of the company:
- Business Continuity Assessment
- Solvency II production or reporting
- Train Descartes employees to develop the Risk Culture
Our take
The corporate insurance market is undergoing a momentous shift driven by a changing climate, the growing impact of natural catastrophes, and a rise in emerging risks. Climate change has become a real risk to businesses - one nature report, for example, found that the US alone could lose over $500 billion across 22 sectors if rising global temperature predictions materialise. The need for effective corporate insurance has never been higher.
Descartes Underwriting is looking to revolutionise how we approach insurance. Taking on one of the insurance industry’s traditional methods - catastrophe (CAT) risk modelling - Descartes is leveraging new data sources and fusing them with a host of AI algorithms. This provides what it describes as a “product offering which covers the full spectrum of natural catastrophes and emerging risk exposures.” Its AI-driven parametric insurance model is highly disruptive, and has proven highly successful - just a few years after its founding, Descartes had already become the leading InsurTech player worldwide.
Following major funding, Descartes is looking to scale up its approach to corporate and public entity risk exposures, growing its technology platform, expanding into new lines of business and targeting larger deals. With an existing client base spanning hundreds of corporations including a host of Fortune 500 companies, Descartes looks set for big things in the coming years.
Freddie
Company Specialist at Welcome to the Jungle
Insights
56% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jan 2022
$120m
SERIES B
Sep 2020
$18.5m
SERIES A
Total funding: $140.9m
Company HQ
Plaine-Monceau, Paris, France
Leadership
Tanguy Touffut
(Co-Founder & CEO)Previously Global Head of Parametric Insurance at AXA Corporate Solutions, then CEO of AXA Global Parametrics.
Sebastien Piguet
(Co-Founder & Chief Underwriting Officer)Previously Head of On-Demand Insurance Products at AXA Global Parametrics.
Kevin Dedieu
(Co-Founder & Chief Scientific Officer)Previously a Senior Consultant at MPG Partners. Also a visiting lecturer at École Polytechnique.
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