Senior Financial Risk Manager

It's an exciting time to join our Financial Risk Management team here at AXA, with significant investment planned in all UK&I businesses to transform, deliver new digital services to our customers and streamline and automate our business processes. To help us build our Change capability, accelerate the delivery of our strategic programmes and drive the adoption of unified Agile ways of working and more effective change delivery across UK&I we're looking for an experienced Senior Financial Risk Manager to join the growing team.
Reporting into the AXA UK Head of Financial Risk, you will be the leading contributor to the Financial Risk Management Department covering AXA UK & Ireland (AXA UK&I) entities. You will 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, liquidity and investment risks. You will also support the AXA 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. We're also happy to consider flexible working arrangements, such as part-time or condensed hours, which you can discuss with Talent Acquisition.
What you'll be doing:
As a senior member of the team, you will be responsible for developing, implementing and maintaining the Financial Risk oversight framework of AXA UK&I alongside supporting the production and reporting of regulatory capital for market and credit risks. Activities include but are not limited to:
Providing 2nd line risk oversight for financial and investment risks of the AXA UK&I operating entities and feed relevant analyses into local/group governance forums (incl. presenting these results) as appropriate.
Further develop the risk appetite framework for financial and investment risks (including policies, limits and associated reporting) ensuring this remains appropriate on an ongoing basis 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.
Support/run the quarterly process of producing market and credit SCR (alongside the aggregation process with other sub-risks) and produce reports for local management and AXA Group, as well as lead model validation activities for these risks.
Carry out 2nd line reviews of the Strategic Asset Allocation (SAA) and investment proposals for the various 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 (e.g. stress/scenario testing) and lead project delivery on relevant areas as appropriate.
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).
Deputise for the Head of Financial Risk as appropriate.
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.
Your Profile
We know that some candidates may be discouraged from applying if they don't meet every requirement. If you're excited by this job and the prospect of working at AXA but you're not sure you tick every box, we'd still encourage you to apply.
What we're looking for:
Qualified actuary (or having pursued qualifications such as CFA and/or FRM) with significant experience in areas such as financial and investment risk management / capital reporting / ALM (ideally within an insurance company, rating agency or quantitative consulting).
Strong understanding across the following areas: 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.
Solid knowledge of risk management frameworks and risk quantification tools and techniques including stress testing.
Analytical problem-solving skills and experience in Excel/VBA (or other similar quantification tools) are essential.
Relationship management skills - proven 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.
Ability to provide guidance/support to more junior team members as appropriate.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.
About AXA
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About the Entity
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.
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
Private Medical Insurance
Car Allowance
Annual 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 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 .