Morgan Stanley

Insurance Risk Manager - Corporate Insurance - Director

Morgan Stanley$120K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 4+ years of Risk and Insurance Management or related industry experience
  • Bachelor's degree in business field, preferably in accounting, finance, or risk management
  • Proficient in Microsoft Office software, especially PowerPoint and Excel
  • Associate of Risk Management (ARM) designation or intent to obtain
  • Excellent written and verbal communication skills
  • Strong organizational abilities
  • Proactive mindset to enhance and improve processes

Responsibilities

  • Lead the renewal process for diverse insurance policies, including professional liability and ERISA programs
  • Coordinate and manage the preparation of renewal applications for the firm’s business units
  • Create and deliver presentations to Business Units, Fund Boards, and senior management
  • Maintain and support claims administration and the database for insurance claims
  • Oversee the insurance policy renewal calendar and coordinate strategy meetings
  • Assist in due diligence for mergers and acquisitions
  • Conduct audits of insurance files to ensure proper documentation and consistency

Benefits

  • Opportunity to work in a global financial services firm
  • Chance to enhance skills in risk and insurance management
  • Involvement in high-level negotiations and policy implementations
  • Exposure to multiple policy lines, expanding industry knowledge
  • Supportive work environment promoting process improvement and collaboration
Full Job Description
We're seeking someone to join our team as an Insurance Risk Manager reporting to an Executive Director in the management of various policy lines focusing on professional liability, directors' & officers' liability, surety/ERISA bonds and commodities-related policies (property & liability). This position will provide an opportunity to learn the risk and insurance management discipline and be part of a Risk and Insurance Management Department (RIMD) with global responsibilities for a world-class financial services company.

In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. This is a Director level position within the position within Corporate Insurance, which specializes in the overall administration of insurance programs aimed at minimizing and/or distributing the risk of loss. We are responsible for negotiating and implementing all property and casualty insurance policies, and insurance settlements, as well as Firmwide insurance risk.

What you'll do in the role:

  • Manage and lead the renewal of various insurance policies including but not limited to Business Unit specific professional liability programs (D&O/E&O), ERISA program, and International Fund programs
  • Coordinate and manage the preparation of renewal applications for various business units in the firm; assist in the gathering of exposure data for various insurance policies, review submissions for consistency with previous years' applications, review inconsistencies with managers, then submit applications to insurance underwriters
  • Create and present PowerPoint presentations to Business Units, Fund Board and Senior Management where required
  • Maintain claims database and assist in claims administration and settlement of claims associated with the group's responsible insurance policies
  • Manage and maintain the group's insurance policy renewal calendar and set up strategy meetings where necessary
  • Assist in due diligence process (mergers & acquisitions)
  • Carry out and review/audit of responsible insurance policies to ensure files are fully documented with insurance binders, program schematics, summaries and policies and are accurately reflected as per the renewal
  • Responsible for all aspects of policy documentation
  • Maintain and assist insurance allocation procedure and processes
  • Review various contracts and agreements for adherence to required insurance policies and issuance of Certificate of Insurance to clients and vendors as required
  • Input and maintain information in a Risk Management Information System (RMIS), a database and analytical software that captures policy and premium information and tracks claims data information including pending, open, and closed claims


What you'll bring to the role:
  • At least 4 years of Risk and Insurance Management (RIM) and/or insurance industry experience
  • 4-year college degree (business preferred e.g. business accounting, finance, risk management, etc.)
  • Strong knowledge and application of software and appropriate technology, e.g., Microsoft office (PowerPoint, excel spreadsheets, etc.)
  • Associate of Risk Management (ARM) or willingness to obtain
  • Strong oral and written communication
  • Strong organizational skills
  • Proactive, look to change or improve processes


To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

About Morgan Stanley

Morgan Stanley Investment Management are active managers of capital, working to outperform the market and deliver results for their clients. Morgan Stanley Investment Management's long-tenured professionals apply their experience and expertise across public and private markets, in single-sector, multi-asset and custom solutions.

Morgan Stanley Careers

Joining Morgan Stanley today means becoming part of a global team dedicated to strengthening communities, pioneering innovation, and fostering diversity. As a leading global financial services firm, Morgan Stanley offers unparalleled job opportunities, career growth, and a culture of leadership that together create an exceptional employment experience. Work You’ll Do At Morgan Stanley, you will collaborate with knowledgeable professionals to drive innovation and deliver solutions in financial services. Our team is composed of diverse, talented individuals who bring their unique skills and perspectives to work every day, setting the standard for leadership in the global market. Morgan Stanley is not just a company; it's a place where ambitious, creative, and skilled individuals can build a rewarding career. Here, you can experience the benefits of a vibrant culture dedicated to professional growth and diversity training. Internship Programs Kickstart your career with Morgan Stanley’s internship programs. These positions offer invaluable industry insights and professional experience to students and recent graduates. Interns at Morgan Stanley gain hands-on experience, working alongside seasoned experts in a dynamic, supportive environment. Innovation and Professional Growth We believe in the power of innovation to solve complex problems and encourage our team to think differently and act boldly. Morgan Stanley supports your career development through comprehensive training, development programs, and leadership workshops, ensuring that every employee has the tools they need to succeed. Join Our Team Explore the various job opportunities at Morgan Stanley, from entry-level positions to executive roles. We are hiring individuals who are passionate about finance and eager to contribute to a team that values integrity, excellence, and a forward-thinking mindset. Enhance your skills through our networking events, mentorship opportunities, and ongoing professional development. Stay Connected Keep up to date with the latest from Morgan Stanley Careers by subscribing to our job alert emails. Tailor your preferences to receive updates about new postings, career tips, and exclusive insights from our team leaders. Apply Now Ready to take the next step in your career? Search open positions that match your skills and interests on the Morgan Stanley Jobs portal. Prepare your resume, refine your interview techniques, and join a company that values innovation and leadership. At Morgan Stanley, we’re not just building careers—we’re developing leaders. Discover how far your talents can take you by joining our team today.
Learn more about Morgan Stanley
Size
77,000 employees
Market Cap
$144.1 billion
Industry
Net Income
$10.9 billion
Founded
1935
5 Year Trend
+10%
Revenue
$52 billion
NASDAQ

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