ALM Senior ManagerSCOR

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying 'The Art & Science of Risk,' SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by 'The SCOR Way.' Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

Under the responsibility of the Head of ALM, the ALM Senior Manager participates in :
* identifying, quantifying and managing within a defined risk appetite the financial risks (interest rates, FX, inflation, …) of different balancesheet / capital / p/l items (economic value, SCR, SII ratio, …) and liquidity management,
* Preparation and execution of the Group subordinated debt strategy (e.g. RT1 EUR 500m issuance in December 2024, T2 EUR 500m issuance in September 2025) including interaction with banks, discussion of innovative ideas and market trends,
* Execution of the Stock Attribution Plan / Stock Option Plan hedging strategy.
Job Summary
Reporting to the Head of ALM and working closely with other Finance functions (Reserving in particular), Business lines and Risk Department, the Senior ALM Manager participates in:
- Identifying and quantifying the financial risks (interest rates, FX, inflation) embedded within the different financial aggregates of SCOR Group and its branches and subsidiaries, in particular Economic Value (IFRS17), SCR and SII ratio, local capital and solvency ratio;
- Proposing and continuously improving an ALM framework (indicators, risk appetite/limits, governance, tool, reporting/dashboard) to be validated by the Risk Department, the COMEX and the Board;
- Proposing hedging strategies with cash instrument with SCOR IP and derivatives with the market;
- Implementing/executing the hedges validated;
- Taking part actively in the implementation of the ALM Tools in Palantir/Foundry,
- Preparing and executing the SCOR debt issues,
- Hedging the SAP/SOP.
Key duties and responsibilities
* Risk identification:
Ensure that the financial risks embedded in the key financial indicators of the Group are properly identified.
* Risk quantification
Ensure that the risks identified are properly quantified, in particular by designing granular and combined indicators to represent the risks, e.g. interest rates sensitivities by maturity bucket / currency, FX impact by currency, …
* Tools
Develop and maintain a dedicated ALM tool fed from the different golden sources of the Group and computing the required information.
* Hedging strategies
Propose hedging strategies at both local and Group level in compliance with risk appetite;
Implement, mainly with SCOR IP (cash instrument) and the markets (derivatives), the validated hedging strategies.
Improve the framework (booking, accounting, market access, ….) for derivatives.
* Objectives and Risk appetite/limits and thresholds
Propose and update at least on a yearly basis prioritized objectives with associated limit framework around the different indicators, to be validated by the Risk Department, the COMEX and the Board depending on the level of the risks; a particular attention is needed on the articulation of the different objectives as some financial aggregates have opposite risks exposures.
* Reporting
Implement and produce on a regular basis reportings/dashboard to the different instances of the Group (COMEX, Board, ….) at both local and Group level
* Governance
Implement and animate (agenda, secretary, minutes, …) a dedicated governance on ALM topics, preferably integrated in existing instances (Group Treasury Committees)

Required experience & competencies
* A experience in the technical management of reinsurance businesses (reserving, underwrting, regulatory framework);
* Appetite in data management, mainly Python (PySpark, Pandas, SciPy);
* An experience in financial markets (FX, cash instruments and derivatives) and ALM topics (including trades execution);
* Capacity to handle complex/quantitative topics with multiple stakeholders
* Ability to deal with senior management (Comex, Boards, leaders of other functions)
* Ability to develop a strong network internally and externally
Strong communication skills
Required Education
* Master's degree in Finance/Business or MBA or from a Top-Tier Grande Ecole or Actuary