It Security Risk Specialist

Munich Re is a global market leader in re-insurance, global specialty insurance and digital solutions. New technologies are disrupting the insurance value chain. Our innovative minds in IT spearhead the transformation and make change happen. We support clients with a comprehensive range of insurance and risk management products. Our goal is to become even more digital through the expertise of our IT & Tech specialists, and by leveraging data and insights to support innovation and client service. We are therefore making targeted IT investments and helping our insurance clients and partners to tackle problems in the modern digital world with innovative and forward-looking solutions.

Munich Re’s IT Risk and Security Identity and Access Management team is responsible for the processes to manage identities, entitlements and privileged access in our global organization. The Munich Re group cyber program ‘RISEnext’ shall bring the organization to a higher maturity level – the ONE Group Cyber Ambition. We are therefore looking for a highly qualified information security expert with professional experience in Identity and Access Management processes. The Senior IT Risk & Security Risk Specialist for Identity and Access Governance is part of the global ITRS Identity and Access Management team. The ITRS Service Delivery organization supports all entities in the global Munich Re reinsurance segment. This position has the responsibility to consult and communicate on IT security strategies, guidelines and standards. It works closely with IT Business Solution and IT Business Technology Teams and provides guidance and advise in the area of Identity and Access Management. The IT Senior Risk & Security Specialist will be responsible for Segregation of Duties a product owner and subject matter expert (SME) role and support the stakeholders in the global Munich RE organization.

Your Job:

• Support internal and external audits
• Provide advice and guidance to line managers across the organization up to board level to resolve or mitigate SoD conflicts in their area of responsibility
• Establish metrics and reporting to monitor the risk exposure and establish processes to act on the results
• Manages the life cycle of SoD rules including training and communication campaigns
• Establishes / develops guidelines and controls together with the global ITRS Identity and Access Management team
• Consult application owners on the appropriate classification of their applications
• Consult business and application teams on Identity and Access management norms and standards
• Define processes and standards for cross-application Segregation of Duties (SoD) conflict detection and remediation in close collaboration with Munich RE’s risk management function

Your Profile:

• Expert knowledge in
• A highly motivated person focusing on personal development, enablement with cultural awareness
• Demonstrated ability to oversee and handle multiple requests at the same time
• Confidence in engaging with senior (business) stakeholders
• Identity and Access Management
• Data Protection and Privacy principles and practices
• IT/Cyber Security
• University degree with more than 5 years of professional background as an IT Security & Risk Specialist in the respective area
• Deep understanding of regulatory requirements and control frameworks (NIST) in the area of Identity and Access Management
• Calmness and clarity of thought under pressure, ability to maintain confidentiality
• Extensive expertise in relevant laws and regulations, applicable to financial service organizations/reinsurers
• Applicable Risk or Security-based certifications
• Financial services industry and IT audit experience is strongly favoured
• Privileged Access Management
• Proven experience in successfully managing relevant business and partner relationships, including in transformation programs

About Us

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
• Employee Referral Program, Recognition & Rewards Platform
• A great compensation package including annual company bonus
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Market leading company-paid flexible health and dental benefits, starting on your first day
• Maternity, Parental & Adoption Leave top-up program
• An engaging and collaborative environment that promotes continuous learning and development
• Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus optional company match
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
• A hybrid work environment that combines weekly in-office and remote days with Meeting-Free lunch hours and Focus Friday afternoons

Munich Re Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact [email protected] as soon as practical so that suitable accommodations can be arranged.