We have an exciting opportunity for a new Senior Financial Risk Manager, to support the Head of Financial Risk in maintaining the financial risk capital model and running the quarterly capital measurement and reporting processes. You'll be a leading contributor to the AXA UK Financial Risk Management Department and will lead and participate in a range of projects for AXA UK, in cooperation with AXA Group Risk Management and UK operating Companies, providing a second line of defence for these risks.
At AXA we're adopting a Hybrid way of working, empowering our people to balance their time between home and their local office in a way that works best for them, their team and our customers.
What you'll be doing:
- Analysing financial risks for each Operating Company and feeding this into local risk management frameworks.
- Participate/Analyse the quarterly process of producing STEC numbers and producing reports for local management and Group.
- Ensure the adequacy of ORSA, SFCR and RSR from financial risk point of view.
- Ensure that the framework satisfies requirements from the UK Board (as advised by the UK Risk Committee), Operating Company Boards (as advised by Risk and Investment Committees) and Group Risk Management.
- Develop, implement and embed a flexible risk dashboard framework, which analyses all components of market risk in an asset-liability framework.
- Use model framework to analyse and advise on efficient capital allocation, reflecting Group and UK risk appetites and risk mitigation strategies.
- In line with Group processes, provide a 2ndopinion on material new investments, on asset allocation (ALM) and Strategic Investment plan.
- Scenario Analysis - Define and develop scenarios to assess impact of various adverse events on solvency and ability to meet strategic plan. Identifying key risks to the investment portfolio and propose or comment on mitigation plans.
- In addition to the responsibilities above, lead or participate in a range of diverse risk management projects.
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Qualified actuary with 7-10 years’ experience in risk management / capital reporting / ALM modelling / Investment department ideally within an insurance company, rating agency or quantitative consulting. Preferably with P&C experience.
- In-depth understanding of capital modelling within Solvency II is a must. As is expert knowledge of market, insurance, credit and liquidity risk.
- Excellent written and verbal communication skills, able to interact with Executives, Senior Management and regulators.
- Knowledge of risk management activities, risk quantification tools and techniques including stress testing.
- Relationship management skills, ability to manage key relationships and act independently.
- Ability to work well in a team environment and to work well under time pressure
- Analytical problem-solving skills, self motivation and Business acumen.
One of the best things about joining AXA is our rewards package. At AXA UK, we’re appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:
- Competitive annual salary dependent on experience and qualifications
- Annual company & performance-based bonus
- Company car allowance
- Discretionary company & performance-based bonus
- Contributory pension scheme (up to 12% employer contributions)
- Life Assurance (up to 10 x annual salary)
- 28 days annual leave plus Bank Holidays
- Opportunity to buy up to 5 extra days leave or sell up to 3 days leave
- AXA employee discounts
- Gym benefits
Our ambition is to become one of the most inspiring companies to work for, as such we’re committed to supporting employee needs, providing meaningful career development and celebrating differences. We understand that everyone has individual work and home life responsibilities, therefore we’re happy to discuss flexible working arrangements for this role, should this be a requirement for you.
We look for candidates with the right skills and values to join us and selection is based on a fair and equal process. As a regulated financial services company, all successful candidates will be subject to preemployment checks. We’re committed to providing equal opportunities for all, therefore we welcome and encourage applications from people of all backgrounds. As a disability confident employer, we’re pleased to offer our support and access to the AXA Accessibility Concierge should you require an alternative method of applying or any reasonable adjustments to be made during the recruitment process.
To apply, you’ll be able to upload your profile/CV from there. If you’d like to discuss this role further or would like to engage with our Accessibility Concierge, please send an email to [email protected].
#LI-Hybrid
With a presence in over 60 countries, and 165,000 employees serving the needs of 107 million customers, AXA is big.
But never too big to care for every single person who works here. So when you join us, we promise to put our collective might behind you and your career.
You’ll work in an open and supportive environment where you’ll be developed, challenged and encouraged to move around to achieve even bigger and better things – nationally and internationally. You’ll learn directly from senior leaders, from the best in our business. And you’ll enjoy real responsibility, really early on.
Every large company today talks about supporting diversity and inclusion. But at AXA UK, these values form an integral part of everything we do. For us, it’s about bringing together the best talent, helping people to realise their full potential by being 100% themselves at work and delivering outstanding service to everyone – regardless of difference.
We’re proud to be part of the AXA Group, a global insurance brand and a worldwide leader in financial services, providing corporate support services to a whole range of AXA UK businesses. From how we use the latest technology to exploring new channels to market, our impact is far-reaching, wide-ranging and ever-evolving. We actively encourage our people to think differently. Because only by challenging the status quo will we push AXA onto even greater things.