Financial Risk Analyst

About the role
It's an exciting time to join our Risk and Compliance team here at AXA. To be a leading contributor to the Financial Risk Management Department covering AXA UK & Ireland entities. To lead & participate in a range of risk management projects for AXA UK & Ireland, in cooperation with AXA Group Risk Management and UK & Ireland Operating Companies, providing a second line oversight of market, credit and investment risks. To support the UK & Ireland Head of Financial Risk and the wider team in maintaining the Financial Risk capital model and running the quarterly capital measurement and reporting process.
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team, and our customers. You'll work at least 40% of your week away from home, either at one of our office locations, visiting clients or attending industry events.
What you'll be doing:
Provide 2nd line risk oversight for financial and investment risks for AXA UK & Ireland and feed relevant analyses into local/Group governance forums.
Further develop the risk appetite framework for financial and investment risks (including policies, limits, and associated reporting) ensuring this remains appropriate and satisfies the Committee/Board requirements.
Monitor market, liquidity and credit risk exposures versus risk appetite and ensure that appropriate mitigation actions are agreed with the 1st line Investments team and implemented in case of breaches.
Run the quarterly process of producing Market and Credit SCR (alongside the aggregation process with other sub-risks).
Produce reports for local management and AXA Group, as well as contribute to model validation activities for these risks.
Carry out 2nd line reviews of the Strategic Asset Allocation (SAA) and investment proposals for operating entities.
Contribute to the production of regulatory reports (e.g., ORSA/ SFCR/ RSR).
Undertake ad-hoc analyses on financial and investment risks as needed and contribute to project delivery.
Ensure that appropriate controls are embedded in the processes undertaken by the Financial Risk Management team and provide input as needed to other relevant teams (e.g., Internal Controls team).
Due to the number of applications we expect to receive for this role, we reserve the right to close this advert earlier than the listed closing date to ensure we're able to effectively manage interest. Therefore, if you're interested in joining us at AXA, please don't hesitate to apply.
About you
What we're looking for:
Part-qualified actuary (or having pursued qualifications such as CFA and/or FRM) with experience in areas such as financial and investment risk management / capital reporting / ALM (ideally within an insurance company, rating agency or quantitative consulting).
Solid understanding of all / some of the following areas is a distinct advantage: 1) capital modelling in a Solvency II context, 2) market, credit, and liquidity risk and 3) asset classes (including derivatives) alongside their pricing and role in effective ALM implementation.
Knowledge of risk management frameworks and risk quantification tools and techniques including stress testing.
Solid experience in Excel/VBA (or other similar quantification tools) is essential.
Relationship management skills - ability to manage key relationships and act independently.
Excellent written and verbal communication skills - able to interact with executives/senior management and to clearly articulate the 2nd line Risk view in deliverables submitted to the relevant Committees/Boards
Ability to work well in a team environment and under time pressure.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.
What we offer
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.
Annual company & performance-based bonus.
Contributory pension scheme (up to 12% employer contributions).
Life Assurance (up to 10 x annual salary).
25 days annual leave plus Bank Holidays.
Opportunity to buy up to 5 extra days leave or sell up to 5 days leave.
AXA employee discounts.
Gym benefits.
To apply, click on the 'apply for this job' button, you'll then need to log in or create a profile to submit your CV. We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics. If you have a long term health condition or disability and require reasonable adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to .
About AXA
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.
AXA UK Support Functions power AXA's three customer-facing business units, providing the infrastructure, support and expertise to ensure our customers can always count on us. Whether you've got heaps of experience and qualifications behind you, or you're just starting out, we'll give you the support and opportunities to help you grow and develop with confidence.