Risk modeling Officer Internship

Job description

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La mission d’AXA est de « donner à chacun les moyens de vivre une vie meilleure ». Nous souhaitons alors passer du rôle de payeur à celui de partenaire. La mission de notre division, Group Operations (GO), est de soutenir et responsabiliser l’ensemble des équipes d’AXA afin de concrétiser cette ambition commune.

L’innovation et l’exécution sont nos principaux leviers pour atteindre cet objectif. Ils guident l’ensemble des équipes de GO au quotidien :

<-- [if supportLists]-->- <--[endif]-->Innovation : créer et fournir les bases et opportunités aux équipes d’AXA qui développeront des solutions innovantes afin de répondre aux besoins de nos clients actuels et futurs ;

<-- [if supportLists]-->- <--[endif]-->Exécution : créer l’environnement qui permettra à nos équipes à travers le monde, de donner vie à leurs idées et de tenir les promesses faites à nos clients.

Nos objectifs concrets sont de :

<-- [if supportLists]-->- <--[endif]-->Renforcer la création de valeur pour l’ensemble du groupe AXA ;

<-- [if supportLists]-->- <--[endif]-->Soutenir et encourager l'innovation au sein d'AXA, en collaboration avec la division Group Business Innovation ;

<-- [if supportLists]-->- <--[endif]-->Automatiser et intégrer la simplicité dans notre travail quotidien, en nous assurant de contribuer efficacement à la mission et stratégie d’AXA.

Les équipes de Group Operations sont alors composées de :

<-- [if supportLists]-->- <--[endif]-->Group Security : protège les salariés, nos parties prenantes et la marque AXA en sécurisant les informations et gérant les cyber sécurité, la sécurité physique ainsi que la résilience des opérations ;

<-- [if supportLists]-->- <--[endif]-->IT : définit la stratégie IT globale d’AXA ; favorise la convergence de l’IT au sein des entités et leur fournit des services partagés ;

<-- [if supportLists]-->- <--[endif]-->GETD définit les ambitions concernant la maturité des données du Groupe ; construit et gère la communauté ; conduit la recherche et l’expertise ; assiste les entités les moins matures en termes de données ; REV identifie les technologies de pointe et en développe des disruptives pour les entités ; crée des cas d’usage sur des technologies spécifiques avec les entités ;

<-- [if supportLists]-->- <--[endif]-->Group Procurement : définit la stratégie d’achats d’AXA, ses lignes directrices et les normes du Groupe ; gère les relations avec nos fournisseurs stratégiques et accélère les achats métiers ;

<-- [if supportLists]-->- <--[endif]-->Group Strategic Program Management : s’assure de la cohérence des projets globaux avec la stratégie du Groupe ; veille à la mise en œuvre et performance des projets stratégiques ;

<-- [if supportLists]-->- <--[endif]-->AXA GOBO : offre des services partagés alignés aux priorités commerciales d’AXA ;

<-- [if supportLists]-->- <--[endif]-->Group Operations Transformation : accélère la transformation agile au sein de Group Operations ; établit et met en œuvre une communication et stratégie RH commune à notre division.

PRESENTATION OF THE CONTEXT AND THE RISK TEAM

Under Group Strategic Programs, Group Operations Finance and Risks, the Risk Team mission is to support AXA Group Operations mission and strategy through the promotion of a Risk culture, to ensure Risk is managed in key decisions, Projects, Application Products & IT (Information Technology) operations with the full knowledge of the Risk profile.

The main objectives for the CRO team are:

<-- [if supportLists]-->· <--[endif]-->To optimize our shareholder’s investments and resources in innovation.

<-- [if supportLists]-->· <--[endif]-->To provide an independent and Risk-based view of Group Operations Strategy.

<-- [if supportLists]-->· <--[endif]-->To provide early Risk assessments on new products launch, both internally and from a customer perspective.

<-- [if supportLists]-->· <--[endif]-->To secure and to optimize the execution of Group Operations key projects, the delivery of products and services for the benefit of the entities.

<-- [if supportLists]-->· <--[endif]-->To reduce our Risk exposure and potential impacts through transfer, diversification, mitigation or avoidance.

<-- [if supportLists]-->· <--[endif]-->To contribute as a key player to ensure compliance with regulations through Group Standards deployment.

The Risk Team is also accountable for Audit issues remediation process in adherence with Risk reduction objectives:

<-- [if supportLists]-->· <--[endif]--> The first mission is to ensure Audit reports roadmaps and attached remediation plans are delivered on time and are meeting the defined closure criteria with high quality of services.

<-- [if supportLists]-->· <--[endif]-->The second mission is to define the right governance, good practices and processes, providing a tool to track and to report consistently and timely all along the Audit issue remediation life cycle, to achieve an effective and efficient Audit remediation process for Group Operations.

The team is organized as follows:

<-- [if supportLists]-->· <--[endif]-->A central team of 7 people, reporting to the Chief Risk Officer (CRO).

<-- [if supportLists]-->· <--[endif]-->A distributed team of around 15 people to address local Risks at country level and to work closely with the entities, with a functional reporting line to the CRO.

<-- [if supportLists]-->· <--[endif]-->A team of Risk champions in the various functions, working in close collaboration with the CRO and with a functional reporting line to the CRO.

POSITION MAIN ACTIVITIES

The Alternant is supporting the Quantification yearly process by taking ownership on activities performed by the Proces lead and support other activities if needed:

Assurance Quality on GO and Group assets

<-- [if supportLists]-->· <--[endif]--> Perform Quality Checks on Risk scenario templates sourced by each Risk Officer.

<-- [if supportLists]-->· <--[endif]-->Ensure that results of Quality checks (on statistical parameters, completeness of data, on consistency of formula on the template) are taken into account by each Risk Officer.

<-- [if supportLists]-->· <--[endif]-->Deliver Group Risk final deliverables on standalone phase (mainly consolidation of scenarios and evidences related to reporting and formalization of expert judgement).

Monitoring of Quantification Activities

<-- [if supportLists]-->· <--[endif]--> Follow up the achievement of Quantification excercice relying of risk management tool and proven Key Performance Indicators (KPIs).

Desired profile

Qualifications :

PROFILE, SKILLS & COMPETENCIES

Experience

· Master’s degree M1 or M2 minimum.

· Basic Knowledge in regulation (Solvency II)

· Knowledge of Risk management framework, processes and governance.

· Knowledge in statistics ( random variables & distribution laws ).

· Knowledge in and operational Risk quantification (computation of the value at Risk* ).

· Languages: full fluency in English required.

( * ) Value at risk is basically the amount of capital charge to provision to face with the unexpected amount of losses attached to a risk scenario.

Analysis and Reporting Abilities

· Ability to read, analyze, understand, interpret and communicate on a wide variety of routine-to-complex documents and agreements.

· Comprehensive Risk management knowledge and ability to effectively identify issues (Conversant with probability and mathematics).

Project Management and Communication Capacities

· Good interpersonal, facilitation, coordination and communication skills.

· Good vision on what is asset management (folders & documents management) including naming convention (labelling of documents) and configuration management (defining rules to establish folders in alignment with a process)

Tools

· Advanced knowledge of and experience with Microsoft Office, including advanced Excel (e.g., pivotable, macros).

· Basic usage of Phoenix * to generate extracts for manipulating in Excel and be able to perform quality checks.

( * ) Phoenix is a Group statistical tool supporting the quantification process.

Autonomy

· Ability to work effectively / well-organized, both independently and as a team member