Senior Business Risk Officer

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Our organisation

Ageas is a listed international insurance Group with a heritage spanning of 200 years, offering Retail and Business customers Life and Non-Life insurance, and is also engaged in reinsurance activities.

 

As an international insurance company, Ageas concentrates its activities in Europe and Asia through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors.

 

Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of over EUR 18,5 billion in 2024.

 

Ageas aims to be a Great place to Grow for all its people, while always staying true to its four values: care, share, deliver and dare. It fosters an inclusive culture, that values diversity and encourages everyone to get the best out of their talents. 

 

Ageas has been re-certified as Top Employer in 2026.

 

The vibrant Ageas Corporate Centre in Brussels is home to a variety of Group level functions including, amongst others, Risk, Finance, Legal & Compliance, Investor Relations, Human Resources, Strategy, Business Development and Corporate Communications. It sets out the long-term strategy for Ageas and coordinates numerous initiatives across the Group to help realise the strategic ambitions. The Corporate Centre also facilitates knowledge and skills sharing amongst its local operating entities and JV’s, creating strong connections and leveraging on local strengths. It represents the Ageas Group towards external parties, managing relations with analysts, retail and institutional investors, regulators, rating agencies and the media.

Our team

Ageas Group Risk is based in central Brussels and is composed of risk officers (M/F/X) with a variety of technical areas of competence and diverse backgrounds.

 

Business Risk Management is an important linking actor between the Subsidiaries and Group Risk with following mission:

 

• We prepare and deliver timely and robust risk insights to management, board, supervisor and other stakeholders.
• We give assurance that the Group complies with the group’s risk appetite, and contribute to informing management’s decisions with the objective of optimising the group’s solvency and removing risk-related impediments to executing Ageas strategy.
• We team up with risk teams and other functions at Corporate Centre and across subsidiaries.
• We prioritise continuous improvement to be agile and pro-active. We take accountability as a team, having each others back.

Your function

Within the team Business Risk Management (BRM), Group Risk is looking for a senior Business Risk Officer combining deep knowledge of the insurance business with strong quantitative risk and reporting skills to contribute to the Group’s internal model project.

 

Your primary responsibility will be to ensure the BRM Team’s readiness to consolidate the Group’s risk profile with the new internal model and leverage the model’s output to deliver risk insights to management.

 

Specific responsibilities include:

• Facilitate and coordinate internal model dry-runs during the project phase, with focus on Ageas Group risk consolidation. You will ensure effective collaboration among all stakeholders and contribute to a smooth risk consolidation process.
• Analyze lessons learned from dry-run exercises to identify and implement necessary improvements, and contribute to the development of a sustainable target operating model for Ageas Group risk consolidation and management’s risk and capital reporting.
• Develop robust risk reporting processes and supporting controls that deliver timely, accurate, and actionable risk insights derived from the internal model.
• Design and implement internal model-based tools to support sensitivity analyses and what-if scenario analyses, enabling proactive risk management and informed decision-making.
• Develop internal model-based tools to support Ageas’ business development, including the evaluation of mergers and acquisitions, by providing quantitative risk assessments and scenario analyses that inform strategic initiatives.
• Support the BRM team’s readiness to use the internal model, ensuring that team members are equipped with the necessary knowledge, tools, and processes to leverage the internal model effectively in their activities.

 

You will work closely with the internal model Project Team, the other Teams within Group Risk involved in the Project, Group Finance and local subsidiaries Your role will be pivotal in supporting the internal model approval process and driving its adoption and use in risk management capabilities. As the internal model Project phases out, you will gradually transition within the BRM Team to new responsibilities.

Your profile

• You are an actuary or have a Master degree in finance or business administration combined with risk/actuarial related trainings;
• You are fluent in the key elements of the Solvency II regulation;
• You have at least 8 years of relevant working experience in risk management within the insurance industry; ideally, you have a quantitative risk background focused on one or more of the risks in scope of the internal model (underwriting life or non-life, market and/or credit risk);
• You have experience with developing and/or operating a (partial) internal model;
• You can demonstrate an excellent analytical mind-set and are passionate about solving complex risk challenges; experience successfully managing small projects would make a difference;
• You have a proven track-record running complex risk processes and translating outputs into clear management messages;
• You are very thorough and the quality of your deliverables is your top priority; For this, you prefer working in well-structured ways to deliver on time;
• You do not hesitate to try new ways to continuously improve the ‘how’, helping the team strengthening our risk reporting capabilities;
• You are aware of cultural differences and are able to work in a team of people with diverse backgrounds;
• You are a team player building trusted relations with all stakeholders;
• You are fluent in English, both verbally and in writing. Knowledge of a language spoken in countries where Ageas operates is a plus.

Our offer?

• The possibility of (maximum 50%) home working;
• A dynamic, multicultural working environment;
• An interesting and extensive salary package (including meal vouchers, eco vouchers, hospitalisation, disability and group insurance, additional child benefit, mobile allowance and intervention in the internet reimbursement, ...);
• The possibility to optimise part of your salary package through a flexible income plan;
• A corporate culture where you are encouraged to share your views and opinions;
• A flat organisational structure with close collaboration and communication with management and cross departments;
• An extensive range of learning & development opportunities through our online learning platform;
• The opportunity to further develop yourself and to be part of a great team at a Top employer in Belgium. Find out more about it here.
  
  

Interested?

Please apply online. We are looking forward to talking to you!