Head of Credit Risk Management

Zurich is currently looking for a Head of Credit Risk Management to work out of our North American headquarters in Schaumburg, Illinois or to be based virtually.
 

As the Head of Credit Risk for Zurich North America, you will lead the development, implementation, and oversight of credit risk management strategies and frameworks. You’ll ensure that Zurich’s credit exposures are effectively identified, assessed, monitored, and managed in line with regulatory requirements, business objectives, and Zurich’s risk appetite.  This is a strategic leadership role with significant impact on business growth, customer relationships, and Zurich’s overall risk profile.

In this role you will be responsible for:

• Develop and drive the regional credit risk vision, strategy, and policies in alignment with Zurich’s global risk framework and business goals.  This includes getting approval from Zurich Insurance Group when exposures exceed regional limits.
• Partner with business leaders, underwriters, actuaries, finance, and legal teams to embed a strong credit risk culture and support decision-making.
• Deliver customer centric credit/collateral solutions to Zurich’s brokers and customers that align with the overall credit strategy.
• Oversee the identification, measurement, monitoring, and reporting of credit risk exposures across all lines of business.
• Ensure compliance with relevant regulatory standards and internal risk policies. Lead credit risk governance forums and represent the North America region in global risk committees.
• Manage the credit risk portfolio, including counterparty risk and reinsurance exposures.
• Lead, inspire, and develop a high-performing credit risk team. Foster growth, learning, and collaboration.
• Oversee the design and implementation of robust credit risk reporting tools and analytics to provide actionable insights to senior management.
• Stay ahead of industry trends, emerging risks, and best practices to continuously enhance Zurich’s credit risk framework.

Basic Qualifications:

• Bachelors Degree and 10 or more years of experience in the Financial Planning area
  AND
• Experience collecting and managing qualitive and quantitative data

Preferred Qualifications:

• Credit Risk Management
• Insurance industry experience
• CPA, CPCU, CFA or MBA
• Strong analytical skills
• Strong verbal and written communication skills

At Zurich, compensation for roles is influenced by a variety of factors, including but not limited to the specific office location, role, skill set, and level of experience. In compliance with local laws, Zurich commits to providing a fair and reasonable compensation range for each role. For more information about our Total Rewards, please click here. Additional rewards may encompass short-term incentive bonuses and merit increases. We encourage candidates with salary expectations beyond the provided range to apply as they will be considered based on their experience, skills, and education. The compensation indicated represents a nationwide market range and has not been adjusted for geographic differentials pertaining to the location where the position may be filled. The proposed salary range for this position is $149,500.00 - $244,900.00, with short-term incentive bonus eligibility set at 25%.

As an insurance company, Zurich is subject to 18 U.S. Code § 1033.

A future with Zurich. What can go right when you apply at Zurich?

Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please click here to learn more.

Zurich in North America is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. 

Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission. 

Location(s): AM - Schaumburg, AM - Remote Work (US)
Remote Working: Hybrid
Schedule: Full Time
Employment Sponsorship Offered: No  
 
Linkedin Recruiter Tag: #LI-GR1 #LI-EXECUTIVE #LI-REMOTE