Risk Manager

DescriptionRisk Manager - Financial Risk Management UK - London, US - Stamford, New York or HartfordThe Risk Manager is key in supporting the Financial Risk Center of Excellence (FRM COE). The position will focus on the identification, assessment, measurement, monitoring, management and reporting of all credit and country risk embedded activities undertaken at AXA XL and ensure their adherence to defined risk appetites. The candidate will closely interact with the Underwriting Businesses, Investments, Treasury, Unsecured Reinsurance Recoverables, AXA XL Legal Entities and the AXA Group Financial Risk Management team.Credit risk is defined as the risk of loss resulting from migration and default. Country risk is defined as the risk of economic loss directly stemming from the actions of a government, adverse economic conditions, war, terrorism and/or political violence.DISCOVER your opportunity What will your essential responsibilities include?·       Identify sources of credit and country risk·       Contribute to risk management policies, authorities, risk budgets and capacity allocations·       Coordinate risk capacity requirements from various risk sources ·       Support regulatory and group reporting requirements·       Collaborate with risk partners to support the establishment and maintenance of risk management policies, tolerances, and authorities·       Establish and maintain appropriate risk assessment methodologies·       Partner with risk sources and legal entities with respect to scenario and PML analysis·       Review selected underwriting portfolios and complex transactions·       Support second opinion analysis related to the Short-Term Economic Capital (STEC) process·       Review transactions that are referred to Risk and recommend viable solutions·       Identify, develop, and implement innovative solutions to enhance the risk framework·       Present the country and credit risk frameworks to various forums·       Support the development of risk/return optimization practices·       Identify risk issues requiring attention and recommend mitigating actions·       Develop robust working relationships with members of AXA XL and AXA Group·       Facilitate the development, implementation, and sharing of best practices in risk managementYou will report to the Vice President, Head of Credit & Country Risk ManagementQualificationsSHARE your talentWe’re looking for someone who has these abilities and skills:Required Skills and Abilities:·       Bachelor and/or master’s degree in insurance/risk management, actuarial studies, finance, economics or mathematics desirable ·       Solid experience in P&C risk management and/or underwriting or actuarial experience·       Understanding of AXA XL (re)insurance and functional area products and risk sources·       Critical thinking, robust analytical skills, and attention to detail·       Excellent verbal and written communication skills and ability to communicate effectively at all levels across the organization.·       Leadership, negotiating and influencing skills·       Demonstrated skills in relationship building across a highly-complex global organization.Desired Skills and Abilities:·       Understanding of risk management principles and philosophy·       Understanding of AXA XL risk management practices, systems, and models·       Experience in presenting/interacting with senior management, auditors, and regulators·       Ability to communicate complex concepts in simple terms·       Bloomberg, S&P IQ, Excel and Power Point expertise ·       Results oriented, collaborative team playerThe U.S. base salary range for this position is $92,500 - $182,000 USD.AXA XL is a global Company.  The salary range noted above is applicable only for US applicants.  Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.FIND your futureAXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.Learn more at axaxl.comInclusion & DiversityAXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe Robust support for Flexible Working Arrangements Enhanced family friendly leave benefits Named to the Diversity Best Practices Index Signatory to the UK Women in Finance CharterLearn more at axaxl.com/about-us/inclusion-and-diversity.  AXA XL is an Equal Opportunity Employer.Sustainability At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations. Our Pillars:Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.AXA Hearts in Action:  We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.For more information, please see axaxl.com/sustainabilityJob Field: RiskJob Type: StandardSchedule: Full-time