Senior Financial Risk Manager

About AXA:

AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them. As the sixth-largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance. We support millions of customers worldwide, helping them navigate life's uncertainties with confidence.

AXA UK Support Functions look after our three customer-facing business units, providing the infrastructure and expertise to make sure we can be there for our customers.

Job overview:

We are seeking a Senior Financial Risk Manager to join the Financial Risk Management Department at AXA UK. You'll play a pivotal role in overseeing and enhancing our risk management activities for market, credit and liquidity risk across AXA UK & Ireland. Supporting the Head of Financial Risk and our wider team, you'll ensure that the financial risk capital model accurately reflects the risks associated with our investment strategies, while thoroughly analysing and reporting the evolving financial and investment risk profile. This vital role involves developing, implementing, and maintaining AXA UK & Ireland's financial risk oversight framework for our P&C and Health operations, as well as supporting the production and reporting of regulatory capital for market and credit risks, contributing to our commitment to robust risk management and financial stability.

Key responsibilities:

• Provide 2nd line risk oversight for financial and investment risks of the AXA UK & Ireland 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 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/hedging proposals for the various operating entities.
• Contribute to the production of annual regulatory deliverables such as the ORSA and the Recovery Plan from a financial and investment risk perspective.
• 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.
Work arrangements:

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 two days a week (40%) away from home, moving to three days a week (60%) in the future. Away from home means attending the office, visiting clients or attending industry events.

Your skills & experience:

• Professional with significant experience in financial and investment risk management, ideally within an insurance company, rating agency, or quantitative consulting. Possessing a CFA and/or FRM qualification is a distinct advantage. Qualified actuaries with relevant experience are also encouraged to apply.
• Demonstrated strong communication, relationship-building, and influencing skills, with the ability to effectively and independently engage with senior stakeholders to ensure seamless interaction between the Financial Risk Management team, AXA UK & Ireland Investments & Treasury, the Actuarial & Finance teams of the operating companies and AXA Group.
• In-depth understanding and solid experience in asset classes (including private assets) and derivatives, ALM, financial risk capital modelling within a Solvency II / Solvency UK framework, as well as expertise in market, credit, and liquidity risks.
• Solid knowledge of risk management frameworks and techniques to support robust risk assessment and decision-making.
• Strong analytical problem-solving skills with extensive experience in Excel/VBA or similar quantification tools; practical knowledge of Python is a distinct advantage.
• Ability to work effectively within a team environment, manage competing priorities under time pressure, and offer guidance and support to other team members as needed.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

How to apply:

To apply, click on the 'apply now' 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 condition or disability and require 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 martin.eels@axa-uk.co.uk.

We encourage you to apply for this opportunity as soon as possible, as we may close this advert earlier than the listed closing date.

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