GRS Strategic Stress & Scenario Manager
Description
As the Global Risk Solutions (GRS) Strategic Stress & Scenario Manager, you will be responsible for the development, implementation, and continuous enhancement of the GRS Stress & Scenario Testing (SST) Framework across Global Risk Solutions. This role is critical in strengthening GRS’s resilience to adverse events by delivering systematic, forward-looking risk insights that inform purposeful risk-reward decision-making and support capital and liquidity management strategies.
As a senior leader within the Strategic Risk Team, you will champion the integration of stress testing and scenario analysis across all GRS segments, regions, and legal entities globally by ensuring a consistent and scalable approach to scenario development, execution, and reporting that aligns with LMG Group guidance and supports proactive risk mitigation and business resilience.
Responsibilities:
Leadership & Governance
Lead on management and delivery of the GRS SST Framework, ensuring alignment with GRS strategic risk management objectives.
Collaborate with GRS Risk (including Product, Segment and Legal Entity leads) and cross-functional partners to coordinate scenario design, stress testing activities, and results analysis across diverse risk categories.
Framework Development & Execution
Develop and maintain a core inventory of scenarios that reflect a comprehensive range of severe but plausible events relevant to GRS’s risk profile, including:
Systemic Scenarios: broad events that have the chance to impact the entire GRS portfolio. E.g., geopolitical, macroeconomic, climate, etc.
Targeted Risk Scenarios: insurance risk accumulation, cyber, casualty, credit, and terrorism risks. Collaborate with GRS Product leads on their delivery of the Product Scenarios.
Ensure scenarios cover both sudden onset shock events and slow-onset phenomena, incorporating qualitative and quantitative assessments of likelihood, impact, duration, and interconnectedness.
Design scalable scenario analysis approaches, balancing top-down and bottom-up methodologies, leveraging models and data to assess impacts on P&L, balance sheet, and work with partners to consider the impact to capital adequacy, and liquidity positions.
Systemic Stress & Scenario Delivery
As part of the Strategic Risk Team, contribute to the assessment of new emerging or systemic risks, across relevant industry, economic, and academic resources, which supports GRS analysis.
Responsible for leading the design and delivery of systemic scenarios across GRS including Climate, Geopolitical and Macroeconomic and any that are prioritised from the Emerging Risk Framework.
Engage with subject matter experts across Risk Management and within business functions during scenario analysis, to validate reasonableness of results and define appropriate risk response strategies, where needed.
Deliver insightful reporting on stress and scenarios undertaken to all stakeholders, tailoring analysis towards specific requirements of deliverables.
Stakeholder Engagement & Communication
Serve as the subject matter expert and key point of contact for SST-related activities within GRS, facilitating communication and collaboration with business units, regional teams, and LMG Group risk functions.
Continuous Improvement
Monitor evolving risk landscapes and regulatory developments to refine and enhance the SST Framework.
Integrate lessons learned from stress event responses, internal reviews, and external best practices to advance framework robustness and effectiveness.
Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviors as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the center of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviors at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing
Skills and Experience:
Proven leadership experience in enterprise risk management, stress testing, scenario analysis, and/or related risk functions within the insurance industry.
Deep understanding of global insurance risk profiles, including market, credit, underwriting, and emerging risks.
Expertise in designing and implementing scalable scenario analysis frameworks aligned with regulatory and industry standards.
Strong analytical skills with the ability to interpret complex risk data and translate into actionable insights.
Excellent stakeholder management and communication skills, capable of influencing senior executives and cross-functional teams.
Familiarity with sustainability and climate-related risk assessments is highly desirable.
Relevant professional qualifications (e.g., FRM, CFA, Actuarial credentials) and/or advanced degree in finance, risk management, economics, or related disciplines.
Qualifications
Competencies typically acquired through a Bachelor`s degree in a quantitative field and professional qualification in one or more areas of risk management or its equivalent, and 8-10 years of relevant experience
Advanced degree (MBA or equivalent) and or professional risk management or finance qualification is highly preferred, in addition to industry experience in underwriting or finance
Management experience is highly preferred
Strong written and verbal communication skills in both formal and informal settings, as well as proven ability to effectively present technical concepts to non-technical individuals within and outside of the organization are highly preferred
Ability to foster and encourage teamwork and productive working relationships with stakeholders at all levels and across organizational lines highly preferred
About Us
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally. At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow. We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers. We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law. Fair Chance Notices
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GRS Strategic Stress & Scenario Manager
Description
As the Global Risk Solutions (GRS) Strategic Stress & Scenario Manager, you will be responsible for the development, implementation, and continuous enhancement of the GRS Stress & Scenario Testing (SST) Framework across Global Risk Solutions. This role is critical in strengthening GRS’s resilience to adverse events by delivering systematic, forward-looking risk insights that inform purposeful risk-reward decision-making and support capital and liquidity management strategies.
As a senior leader within the Strategic Risk Team, you will champion the integration of stress testing and scenario analysis across all GRS segments, regions, and legal entities globally by ensuring a consistent and scalable approach to scenario development, execution, and reporting that aligns with LMG Group guidance and supports proactive risk mitigation and business resilience.
Responsibilities:
Leadership & Governance
Lead on management and delivery of the GRS SST Framework, ensuring alignment with GRS strategic risk management objectives.
Collaborate with GRS Risk (including Product, Segment and Legal Entity leads) and cross-functional partners to coordinate scenario design, stress testing activities, and results analysis across diverse risk categories.
Framework Development & Execution
Develop and maintain a core inventory of scenarios that reflect a comprehensive range of severe but plausible events relevant to GRS’s risk profile, including:
Systemic Scenarios: broad events that have the chance to impact the entire GRS portfolio. E.g., geopolitical, macroeconomic, climate, etc.
Targeted Risk Scenarios: insurance risk accumulation, cyber, casualty, credit, and terrorism risks. Collaborate with GRS Product leads on their delivery of the Product Scenarios.
Ensure scenarios cover both sudden onset shock events and slow-onset phenomena, incorporating qualitative and quantitative assessments of likelihood, impact, duration, and interconnectedness.
Design scalable scenario analysis approaches, balancing top-down and bottom-up methodologies, leveraging models and data to assess impacts on P&L, balance sheet, and work with partners to consider the impact to capital adequacy, and liquidity positions.
Systemic Stress & Scenario Delivery
As part of the Strategic Risk Team, contribute to the assessment of new emerging or systemic risks, across relevant industry, economic, and academic resources, which supports GRS analysis.
Responsible for leading the design and delivery of systemic scenarios across GRS including Climate, Geopolitical and Macroeconomic and any that are prioritised from the Emerging Risk Framework.
Engage with subject matter experts across Risk Management and within business functions during scenario analysis, to validate reasonableness of results and define appropriate risk response strategies, where needed.
Deliver insightful reporting on stress and scenarios undertaken to all stakeholders, tailoring analysis towards specific requirements of deliverables.
Stakeholder Engagement & Communication
Serve as the subject matter expert and key point of contact for SST-related activities within GRS, facilitating communication and collaboration with business units, regional teams, and LMG Group risk functions.
Continuous Improvement
Monitor evolving risk landscapes and regulatory developments to refine and enhance the SST Framework.
Integrate lessons learned from stress event responses, internal reviews, and external best practices to advance framework robustness and effectiveness.
Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviors as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the center of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviors at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules ,Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing
Skills and Experience:
Proven leadership experience in enterprise risk management, stress testing, scenario analysis, and/or related risk functions within the insurance industry.
Deep understanding of global insurance risk profiles, including market, credit, underwriting, and emerging risks.
Expertise in designing and implementing scalable scenario analysis frameworks aligned with regulatory and industry standards.
Strong analytical skills with the ability to interpret complex risk data and translate into actionable insights.
Excellent stakeholder management and communication skills, capable of influencing senior executives and cross-functional teams.
Familiarity with sustainability and climate-related risk assessments is highly desirable.
Relevant professional qualifications (e.g., FRM, CFA, Actuarial credentials) and/or advanced degree in finance, risk management, economics, or related disciplines.
Qualifications
Competencies typically acquired through a Bachelor`s degree in a quantitative field and professional qualification in one or more areas of risk management or its equivalent, and 8-10 years of relevant experience
Advanced degree (MBA or equivalent) and or professional risk management or finance qualification is highly preferred, in addition to industry experience in underwriting or finance
Management experience is highly preferred
Strong written and verbal communication skills in both formal and informal settings, as well as proven ability to effectively present technical concepts to non-technical individuals within and outside of the organization are highly preferred
Ability to foster and encourage teamwork and productive working relationships with stakeholders at all levels and across organizational lines highly preferred
About Us
Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally. At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow. We are dedicated to fostering an inclusive environment where employees from all backgrounds can build long and meaningful careers. By actively seeking employee feedback and amplifying the voices of our seven Employee Resource Groups (ERGs), which are open to all, we create an environment where every individual can make a meaningful impact so we continue to meet the evolving needs of our customers. We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law. Fair Chance Notices