Risk Specialist

AlphaLife Insurance Company S.A. is a dynamic life insurance company in Greece, specializing in savings, investment, and pension solutions designed to meet medium- and long-term financial needs. Established in 2010, the company develops modern and flexible insurance products that help individuals build capital and secure their financial future.

At Alpha Bank Group we are shaping the future of banking in Greece.

Through our large-scale Transformation Program, we are changing the way we operate, the way we deliver results and the way we service our Customers.

• We understand our Customers’ needs and design experiences around them.
• We work in partnership and invite diversity of skills and perspectives.
• We are forward-thinking and drive continuous improvement.
• We make things happen; we execute quickly and focus on what is essential.

If you are a change enthusiast who sets ambitious goals and works with a sense of purpose, we want to get to know you!

Join our team #AlphaBank

#WeAreAlpha #EnablingProgress #AlphaCulture #ValuesThatLead #OneTeamOnePurpose

Purpose

As a Risk Specialist, you will contribute to the design and implementation of the Risk Management Framework, supporting the identification, monitoring, and reporting of risks. Your role will support the protection of stakeholders’ interests and the sustainability of the Company’s available capital, through sound risk assessment, regulatory compliance, and forward-looking analysis.

What you will be doing

• Perform calculations of regulatory capital requirements, including Solvency Capital Requirements
• Prepare and support regulatory reporting, including Quantitative Reporting Templates (QRTs) and the Solvency and Financial Condition Report, as well as reporting to other stakeholders
• Conduct Own Risk and Solvency Assessment (ORSA), performing both qualitative and quantitative assessments of the Company’s risk profile
• Support business planning activities by performing forward-looking assessments of capital requirements
• Contribute to the definition of Risk Appetite and Risk Tolerance and support the setting and monitoring of relevant limits
• Define and monitor Key Risk Indicators (KRIs) to track risk exposure
• Perform stress testing across various risk categories
• Support New Product Development activities, participating in profit testing processes and the definition of underwriting strategy
• Act as a liaison between the Risk Function, the Actuarial Function, and the Finance Division, supporting the understanding of Technical Provisions, performing data quality controls, and contributing to actuarial figures included in the financial statements under International Financial Reporting Standards (IFRS 17 and IFRS 9)
• Support the implementation of risk management policies and appropriate methodologies for managing risks
• Lead projects related to risk management topics within the scope of the role

What you need to have

• A Bachelor’s degree in Risk, Actuarial Science, Finance, Accounting, Economics, Mathematics, Business Administration, or a related discipline
• A Master’s degree or professional qualification in Risk, Actuarial Science, or Finance (strongly desired)
• At least three (3) years of professional experience in Risk, Actuarial, or Finance roles, preferably within the insurance sector, or alternatively in banking or asset management
• Excellent knowledge of Microsoft Office applications, primarily Excel
• Strong analytical and problem-solving skills, supporting sound risk assessment and reporting
• Ability to manage multiple priorities and perform effectively under tight deadlines and pressure
• Strong team spirit and professional work ethic
• A continuous improvement and lifelong learning mindset

What we offer

It’s all about our people. At Alpha Bank Group, you will enjoy:

• A friendly and collaborative working environment that supports taking initiative and action
• A culture that centers around learning and continuous development and encourages everyone to bring their best self to work
• The opportunity to challenge your thinking through your participation in complex tasks and transformation projects
• Being part of a large organization with a leading role in the Greek economy and a strong presence in the community
• Flexible working options
• A competitive salary and benefits

All applications will be acknowledged and treated in utmost confidence.