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Credit Analyst Fund Finance / Risk Underwriter (m/f/d)*
senior · Risk & Compliance
Munich Re is writing business mainly with global banks by insuring credit risks originated by the banks – either on single risk basis (Global Credit Solutions – GCS) or on basis of structured portfolio transactions (Structured Portfolio Solutions – SPS). Your role as Credit Analyst is to support both business streams with the risk analysis of funds and its finance transactions. The role also requires to take or prepare independent credit decisions in conjunction with the Client Relationship & Risk Manager (CRRM).
Your tasks:
- Independently analyse the creditworthiness of funds and evaluate innovative or complex financing structures (esp. capital call and NAV finance facilities) - both in the context of single risk as well as portfolio transactions (the latter with focus on underwriting quality of the bank)
- Prepare internal credit applications, making informed recommendations and providing internal stakeholders with reasoned explanations for decisions
- Determine the maximum risk appetite for large single transactions involving multiple cedents
- Monitor existing (sub) portfolios and identify significant risks at an early stage and initiate appropriate risk measures
- Cooperate closely with Relationship Management and participate in client meetings on specific deals and in due diligence meetings
- Take initiative with regard to the examination and development of strategic growth initiatives and new business opportunities
- Support efforts to enhance existing tools, credit risk management systems and processes
Your profile:
- University degree, preferably in business or economics or with a scientific focus, or equivalent training (banking traineeship followed by relevant further education)
- At least 7 years’ professional experience in fund finance incl. insights in predominant underlying asset classes (e.g. Project and Infrastructure Finance; Commercial Real Estate, Corporate Credit, etc.)
- Additional expertise in the analysis of financial institutions (incl. banks and NBFI) is a clear advantage
- In-depth knowledge of credit risk management in banks (incl. rating methodologies) and banking regulation, especially with respect to the capital relief effect of credit risk mitigation and structured portfolio transactions (based on the Basel III securitisation framework)
- Excellent analytical skills combined with a pronounced risk awareness and sense of responsibility, independent and result-oriented working style, ability to justify decisions in a clear and comprehensible manner
- Strong team player and confident demeanour, able to contribute in a dynamic and collaborative environment
- Sound conduct of MS-Office (especially Excel and Power BI) and AI tools
- Very good written and verbal command of English; additional business-relevant languages are an advantage
Application Instructions
In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.
About us
As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.
Sounds like you? Push boundaries with us and be part of Munich Re.
Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.
Unlock your potential
- Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
- Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
- Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.
Rewards & Recognition
- Competitive salary: appropriate compensation for your high level of commitment.
- Retirement provision: state of the art in-house pension solutions.
- Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
- Health management: focus on your physical and mental health far beyond legal requirements.
- Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.
* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.
Münchener Rückversicherungs-Gesellschaft
Yamina Djurisic
Talent Acquisition Partner