Risk Management Actuary - (M/F)

Job description

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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 we’re always there for them. And we’re 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 that’s open, supportive, and empowering. Because we know that’s 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 Group's 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.

Job purpose

The position exists to help the AXA SA Risk Management department to delivers regulatory reports on annual basis (contribution to ORSA and Validation report) and quarterly metrics production process such as Standard Formula, STEC and Risk Appetite framework. The position is based in the Financial Risks and Transversal Processes team, in charge of Market and Credit risk metrics production, Financial risks monitoring (Risk Appetite indicators, Sensitivities, Second Opinion on Investments), Production of ORSA and validation report in addition to transversal risk projects coordination such as Model Review, External Audit and Internal Model application file.

Context & Major challenges

AXA SA is a young regulated company (reinsurance agreement obtained in 2022). This required to put in place and run on a regular basis processes driven by the regulation, within pre-defined time constraints, and requiring validations at the very senior level of the Group.

For the position the person in charge must have a good technical expertise (Solvency II, financial risks, risk modelling), capacity to lead studie, good communication and synthesis skills at the same time.

Key accountabilities

• <-- [if supportLists]-->Contribute to annual regulatory reports (ORSA and Model Validation report) by participating in ORSA risk projections, performing validation tests on market and credit (Fixed income) risk.
• Produce Solvency II risk metrics (Standard Formula SCR and Internal Model STEC) by ensuring the production process from data upload and data quality checks to the analysis of variation by risk module and sub module.
• Perform the sensitivity analysis of Eligible Own Funds to market and credit risk factors.
• Produce the Profit and Loss look-through and its analysis for main market risks.
• Lead studies relative to reinsurance asset portfolio and financial risks globally.
• Calculate and monitor main monthly portfolio risk indicators (Duration gap, issuer concentration, Sovreign risk, derivative exposure...)
• Participate in Internal Model Application File on market risks and Credit risks.
• Ensure the update of Market and Credit technical documentation.
• Prepare and establish risk opinions on strategic asset allocation and ALM as well as investment plan suggested by the ALM team.

Desired profile

Qualifications :

Technical and professional skills

·  Strong expertise in asset / investment management and ALM, or in financial risk management for the insurance industry;
·  Good knowledge of Solvency II metrics, balance sheet and good understanding of Solvency II regulation;
·  Good knowledge of R or Python and VBA languages;
·  A Knowledge of (re)insurance business would be a plus;
·  Project management capacities;
·  At ease to work in English or fluent in English.

Soft skills

·  Proven high reliability, quality and timeliness of deliverables;
·  Ability to work autonomously as well as with a team;
·  Organizational skills;
·  Ability to interact with a wide range of correspondents at various levels of management including Financial , reporting and ALM teams in addition to auditors;
·  Proficient writing and communicating skills (delivery of presentations, documentations);
·  Ability to build strong relationships and business partnering.