Group Operational Risk Officer
Group Operational Risk Officer
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Job Description
Why AXA Every day we work together for human progress by protecting what matters. A mission that puts a smile on your face and makes you want to get up in the morning !
One of the worlds leading insurers in the protection of property people and assets AXA is 145000 employees and contributors who are committed to our customers on a daily basis 51 countries in which we distribute our products and services and more than 90 million customers who place their trust in us worldwide. As a responsible corporate citizen AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you Then come and change the world with us !
You will join:
- A responsible company towards people including its employees and customers and towards the planet
- A company with strong values
- A company promoting internal mobility and the training of its employees
- A company offering many benefits (learn more here: Reward & Benefits AXA Group
- A flexible company allowing hybrid work in the office and from home.
The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only.
Whatever their stage of life we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection and savings to wealth management no matter the need were always there for them. And were always there for our employees. In 50 countries we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them inspire them and reward them. And to create a culture thats open supportive and empowering. Because we know thats the real secret to success and the best way for us to keep building a better world for both our customers and the talented people who put them first.
Your work environment:
The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world to ensure the coordination and monitoring of the Groups global strategy the application of its standards the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture 45 nationalities) which makes it a rich and stimulating place to work.
Within the Group you will join the Group Operational Risk Management department. Collaborators in this department have to define and lead the appropriate framework to ensure Operational Risks are contained within strategic risk appetite and that expectations are set at the adequate level to preserve clients interest meet expectations of regulators and protect longterm sustainability.
You will be part of a team of circa 100 FTE across the whole AXA group. As part of this team you will have the opportunity to:
Lead and Coordinate Operational Risk Management Activities: Animate and coordinate operational risk network ensure harmonization of practices and implementation of Group guidelines promote best practices exchange.
Contribute to Capital Optimization and Risk Monitoring: Ensure the qualitative and quantitative assessment of the major operational risk amongst the AXA entities and compute the Group Operational risk STEC quantification. Optimize the capital charge within the AXA Group and monitor the implementation of actions plans against the main operational risks.
Drive Local and Global Coordination: Be a privileged contact point with the local Operational Risks Managers define methodological principles and ensure consistency of local practices with Group requirements.
Your job and daily missions:
JOB PURPOSE : The Operational Risk Manager is acting as a safeguard of AXA capabilities to serve our customers ensuring that main Operational Risks are appropriately identify measure monitor and mitigate.
DIMENSION :
Support the Operational Risk Management framework across the Group
Ensure the accuracy of the Operational Risk Internal Model application over #10 entities
CONTEXT AND MAJOR CHALLENGES
Ensure operational risk decisions are made consistently across the organization
Understanding of Risk and Controls Frameworks and business processes
Necessity to influence preferred outcomes across all business areas of the Company and spread risk culture
KEY ACCOUNTABILITIES
1. Methodology
Define and spread the Groups qualitative and quantitative Operational Risk principles and requirements.
Support and challenge the operational risk scenarios identified and assessed by the AXA Entities on both quantitative and qualitative aspects.
Challenge share and followup the action plans on major operational risks in close coordination with the relevant Professional Family
2. Internal Model Validation / Production
Ensure entities are in line with internal operational risk modelling approach and contribute to the related justification vis vis regulators
Participate to the annual Group Operational risk capital charge consolidation
Participate of the evolution and maintenance of Group Operational Risk Software
Apply validation policy requirements at Group level and ensure entities are in line with local requirements.
Prepare reports on the Group entities operational risk profile to the Group Executive Management the regulator and rating agencies
3. Local Coordination
Privileged contact point with the Local Operational Risks Managers of #10 entities
Define methodological principles with regards to identification measurement and reduction of operational risk
Ensure the roll out of these methodologies within the Operational risk community
Followup on action plans.
Ensure that local specificities are well reflected in the local operational risk profile.
Ensure consistency of local practices with Group requirements.
Lets talk about you:
MAIN COMPETENCIES AND EXPERIENCES
Relevant Experience: 5 years ideally in risk management in insurance or bank industry
Knowledge of internal and external requirements (regulators rating agencies) with regards to the risk management and assessment within the frame of Solvency II.
Understanding of insurance financial and operational risk management and mitigation controls; risk transfer methodologies; corporate governance regulatory controls and compliance
Ability to manage local and international correspondents network with enthusiasm and commitment.
Strong communications skills to liaise with a wide range of correspondents at various level of management.
Understanding of insurance financial and information risk management and mitigation controls; risk transfer methodologies; corporate governance regulatory controls and compliance; and vendor risk management
Rigor and reliability especially in the production and validation of Group Operational risk capital charge.
Ability to work well under pressure while completing timely executive level deliverable.
Ability to maintain an active awareness of operational risk industry best practices and regulatory developments.
The headquarters of the AXA Group is based in Paris and brings together the Groups corporate activities. It is distinguished by its strong international culture.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
