At a Glance
- Tasks: Lead initiatives to enhance operational risk management and promote a culture of risk awareness.
- Company: Join AXA XL, a global leader in insurance and reinsurance with a dynamic work environment.
- Benefits: Competitive salary, diverse career opportunities, and a supportive team culture.
- Other info: Collaborative environment with opportunities for professional growth and development.
- Why this job: Make a real impact by shaping risk management strategies in a global business.
- Qualifications: Proven leadership in operational risk and excellent communication skills required.
The predicted salary is between 60000 - 80000 € per year.
AXA XL is an Equal Opportunity Employer. London, UK / Ipswich, UK
Are you an experienced leader, risk professional with specialist operational risk expertise looking for your next role? How would you like to work for a dynamic global business who takes an active approach to risk management? At AXA XL, we see risk management as an important means of supporting value creation for our customers and our business and an integral part of the service delivery offered.
AXA XL is looking for an Operational Risk Manager to join the Risk Governance, Internal Control and Operational Risk Centre of Excellence team. The successful candidate will assist AXA XL to continue embedding a forward looking, robust risk management culture across the business and ensure existing and emerging threats are identified, understood and managed within appetites in order to support the delivery of the business strategy. The candidate will have excellent communication skills and work with teams across the globe on a daily basis.
What you’ll be doing:
- Lead various initiatives and continue to mature the Operational risk framework and methodology at AXA XL, including the qualitative Risk Assessment.
- Complete the quantitative Operational Risk scenarios in line with AXA Group requirements, including supporting documentation, and provide input into the AXA XL Internal Model.
- Lead Operational risk loss event reporting and promotion of risk awareness and culture of risk management across the Division.
- Review and analyse root causes of loss events and recommend actions to prevent future occurrences.
- Provide guidance and support to legal entity Risk Managers to ensure robust application of the Operational risk methodology across the Division.
- Engage in discussions with the business to continually ensure appropriate monitoring of the Operational risk profile and developing risk mitigation strategies, including that on emerging risks, action completion, incidents and key risks indicators.
- Work with business units to develop and implement risk mitigation plans to minimise operational risks and ensure compliance with risk appetite thresholds.
- Produce reporting and elevate Operational risk issues.
- Collaborate with Information risk and Internal control, as well as other functions (including for example, Compliance, Operational Resilience), to ensure robust and holistic view of Operational risk is presented.
- Engage with AXA Group, as required, on Operational Risk topics.
- Represent Operational Risk Management at various Committee meetings as required.
- Engage in key projects run by Risk Governance, Internal Control and Operational Risk team.
- Engage in Operational risk Second Opinion Reviews and influence senior management in action closure to mitigate key risks.
- Support the usage of the risk management tool within AXA XL, including ensuring data quality related to Operational risk information.
You will report to Head of Operational Risk.
What you’ll bring:
Required Skills and Abilities:
- You demonstrate leadership qualities and are able to work resiliently to deliver high-quality outputs.
- You are an expert and will have a solid understanding and practical experience of operational risk frameworks.
- Effective analytical skills to review data to ensure understanding of operational risk exposures and trends.
- Proficiency in utilising risk management tools and systems.
- You will need to demonstrate excellent report writing skills, along with having a robust commercial acumen.
- This role will require communication with a wide array of stakeholders from Board Level Directors, Leadership Team members, the business, so outstanding stakeholder management skills at all levels is a necessity.
- Ability to find and agree pragmatic solutions in conjunction with stakeholders.
- Robust experience of risk management in the second line as well as experience of dealing with difficult situations, particularly in the context of managing risks.
Desired Skills and Abilities:
- Languages: English (fluent, verbally and written). French would be an advantage.
- Pro-active in obtaining appropriate training, both in soft skills and hard skills.
- You are collaborative, team working and passionate about creating a positive work culture.
Risk Manager - Operational Risk in Ipswich employer: AXA Group
AXA XL is an exceptional employer that fosters a dynamic and inclusive work environment, where employees are encouraged to develop their skills and advance their careers. With a strong commitment to risk management and a global presence, employees benefit from diverse opportunities for collaboration and professional growth, all while contributing to meaningful projects that support value creation for clients. Located in vibrant cities like London and Ipswich, AXA XL offers a unique blend of corporate culture and community engagement, making it an attractive place for professionals seeking rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Manager - Operational Risk in Ipswich
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and engage on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We recommend practising common interview questions and tailoring your answers to highlight your operational risk expertise. Show them you’re the perfect fit for their team!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in making you memorable. We suggest reiterating your interest in the role and mentioning something specific from the conversation to keep you fresh in their minds.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re always looking for passionate individuals who want to make a difference in risk management.
We think you need these skills to ace Risk Manager - Operational Risk in Ipswich
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Risk Manager role. Highlight your operational risk expertise and any relevant experience that aligns with what AXA XL is looking for. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your skills can help AXA XL. Keep it engaging and make sure to connect your experiences to the job description.
Showcase Your Communication Skills:Since this role involves working with various stakeholders, it's crucial to demonstrate your excellent communication skills. Whether in your CV or cover letter, give examples of how you've effectively communicated complex ideas in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at AXA Group
✨Know Your Risk Frameworks
Make sure you brush up on operational risk frameworks and methodologies. Be ready to discuss how you've applied these in your previous roles, as well as any initiatives you've led that matured these frameworks.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills by discussing specific examples where you've reviewed data to identify operational risk exposures. Think about trends you've noticed and how you've addressed them in the past.
✨Master Stakeholder Management
Since this role involves communication with various stakeholders, practice articulating your experience in managing relationships at different levels. Be ready to share examples of how you've navigated difficult situations and found pragmatic solutions.
✨Engage with Real Scenarios
Familiarise yourself with common operational risk scenarios and be prepared to discuss how you would approach them. This could include loss event reporting or developing risk mitigation strategies, so think through your responses ahead of time.
