60% Part-Time Chief Risk Officer Zurich Legacy Solutions ("ZLS")

60% Part-Time Chief Risk Officer Zurich Legacy Solutions (“ZLS”)

Location: Remote/Hybrid working with some office presence in either United Kingdom – London or United States - Schaumburg

Closing date for applications: 24th February 2026

The opportunity: 

We are looking for a senior leader within Group Finance who will assume responsibility as Chief Risk Officer for Zurich Legacy Solutions (ZLS) either based in UK (London) or US (Schaumburg) and reporting directly to the Risk Business Partner, Group Finance and a matrix reporting line to the CEO ZLS.

ZLS is the trusted partner for run-off and exit solutions relating to Zurich Insurance Group’s legacy businesses and under-performing, non-core portfolios. Our current portfolio stands at USD 4bn and covers P&C and life insurance exposures across the US, Europe, and APAC.

ZLS works closely with relevant Business Units to find strategic solutions for legacy issues, aiming to accelerate capital redemption and maximize economic value. Engagement can include executing portfolio disposals, as well as managing the ongoing run-off and future performance of portfolios or legal entities. ZLS is a management entity with a reporting line into the Head of Group Reinsurance, within Group Finance.

In this role you will be the accountable Chief Risk Officer for ZLS within the 2nd line of defence with responsibility for risk assessments, advisory and control of all material risks (including compliance) for ZLS and for the implementation of Group Risk Management frameworks. Acts as the Risk Business Partner to the local ExCo members. This is an individual contributor role with contributions provided from within Finance and Operations teams.

You will support ZLS management team in its task of identifying and assessing risks at an early stage and support the business to address management measures or consciously taking risks. You enable the management team to be properly informed about the risk profile through risk reports and the Risk & Control Committee and contribute to informed decision-making. In addition, you are responsible for risk-related regulatory reporting and support management in complying with regulatory and legal requirements.

What will you be doing? 

As Chief Risk Officer for ZLS your main responsibilities will be:

• Providing consistent and reliable information management needs for a 360° view of risks and risk-related decision-making. It includes overseeing the regulatory reporting requirements for US and Bermuda based legal entities.
• Timely escalation of material local risk items to the Risk Business Partner, Group Finance and if required the Group CRO
• Advising management with the risks associated with ZLS projects to onboard and dispose of portfolios
• Conducting risk assessments (Total Risk Profiling) and analyses to identify risks and problems early and ensuring that measures are defined and monitored for both projects and ongoing portfolios under ZLS management
• Overseeing the production of relevant policies and other governance documents
• Ensuring the appropriate implementation of internal controls under the Group’s ICIF (Internal Control Integrated Framework)
• Ensuring adherence to the Group’s Zurich Risk Policy and Group Compliance policies
• Reviewing and challenging the risk appetite and tolerance for areas of responsibility
• Overseeing assurance activities, validating findings and observations with relevant stakeholders and reviewing results
• Supporting and monitoring of the operational risks (e.g. business resilience, third party risks, data risks etc)
• Reporting risk topics to a local risk and control committees, local ExCo and local Boards
• Advising management on regulatory standards/regulations and preparing risk-related regulatory reports (e.g. ORSA)

What are we looking for?

As a Chief Risk Officer for ZLS, you ideally have the following skills and qualifications:

• Extensive professional experience in the insurance industry, preferably with strong experience in P&C insurance or actuarial; knowledge regarding the management of run-off portfolios, M&A transactions and operational migrations an advantage.
• Strong experience in control functions (Compliance, Audit, Risk, or other internal control and governance function)
• Good knowledge of regulatory reporting an advantage
• Demonstrated ability to work with senior leaders and has progressed with positions of increasing responsibility
• Strong focus on execution and delivery, showing strategic ability combined with sound operational skills, and an ability to support change, displaying both persistence and resilience
• Able to manage ambiguity, different requirements and challenging deadlines
• Self-starter with the ability to work effectively and both independently
• Strong collaboration skills
• Excellent communication, influencing and negotiation skills
• Demonstrated commitment to corporate values
• Master’s degree (e.g. business administration, law, mathematics or actuarial) or equivalent.
• Working language English

As an inclusive employer we want to ensure that all candidates feel comfortable and are able to perform at their best during the interview. You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply.

What will you get in return?

Everyone’s different. That’s why at Zurich, we offer a wide range of employee benefits so our people can choose what fits them and their life. Our benefits provide real flexibility so our people can make considered choices and tailor their benefits throughout the year. Our benefits include 12% defined non-contributory pension scheme, annual company bonus, private medical insurance and the option to buy up to an additional 20 days or sell some of your holiday.

Follow the link for more information about our benefits - Employee benefits | Working at Zurich Insurance UK

Who we are:

At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet.

With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry.

We’ve made a promise to each other and every employee; to focus on sustainable impact, to care about each other’s wellbeing, to use our diverse expertise to be curious and optimistic and to develop the skills needed for our future.

If you're interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. Be part of something great.

Our Culture:

At Zurich, our sense of community is strong and we’re particularly passionate about diversity and inclusion, which we’ve won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture. We want our employees to reflect the diversity of our customers, and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic.

We’ve an environment that places a real importance on our people’s wellbeing from a physical, mental, social and financial perspective. We work with our wellbeing partners and industry experts to provide the best advice and access to a wealth of lifestyle support. We’re also committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities.

We’re passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity. Our charitable arm, Zurich Community Trust, is one of the longest-established corporate trusts in the UK. In that time, we’ve awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us. #LI-Hybrid