At a Glance
- Tasks: Lead initiatives to enhance operational risk frameworks and promote a culture of risk management.
- Company: Join AXA XL, a global leader in property and casualty insurance.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Collaborative team culture with a focus on continuous learning and development.
- Why this job: Make a real impact on risk management strategies in a dynamic global business.
- Qualifications: Proven leadership in operational risk and excellent stakeholder management skills.
The predicted salary is between 70000 - 90000 £ 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 that 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 a leading property and casualty insurer and reinsurer. Our insurance and reinsurance companies provide property, casualty, professional and specialty insurance products to industrial, commercial and professional firms, insurance companies and other enterprises around the world. With about 7,000 employees, we have more than 100 offices and we operate in 29 countries.
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.
Operational Risk Leader, Governance & Strategy in London employer: AXA Group
AXA XL is an exceptional employer that fosters a dynamic and inclusive work environment, where employees are empowered to lead initiatives in operational risk management. With a strong commitment to professional development, employees have access to extensive training opportunities and the chance to collaborate with global teams, enhancing their skills while contributing to a culture of proactive risk awareness. Located in vibrant cities like London and Ipswich, AXA XL offers a unique blend of career growth and meaningful work, making it an attractive choice for those seeking to make a significant impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Leader, Governance & Strategy in London
✨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 land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We should be ready to discuss how our skills align with their goals. Practise common interview questions and think about how you can showcase your operational risk expertise.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. We want to remind them of our conversation and reiterate why we’re the perfect fit for their team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we often have exclusive roles listed there that you won’t find anywhere else. Let’s get that application in!
We think you need these skills to ace Operational Risk Leader, Governance & Strategy in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Operational Risk Leader role. Highlight your experience in risk management and any relevant frameworks you've worked with. We want to see how your skills align with what AXA XL is looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about operational risk and how you can contribute to AXA XL's risk management culture. Keep it engaging and personal – we love a good story!
Showcase Your Communication Skills:Since this role involves liaising with various stakeholders, make sure to demonstrate your excellent communication skills in your application. Whether it's through your CV or cover letter, let us see how you can effectively convey complex ideas.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us that you're keen on joining our dynamic team at AXA XL. We can't wait to see your application!
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 align with AXA XL's approach to risk management.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess by discussing specific examples where you've reviewed data to identify operational risk exposures. Think about trends you've noticed and how you've used this information to influence decision-making.
✨Master Stakeholder Management
Since you'll be communicating with a variety of stakeholders, practice articulating your thoughts clearly and confidently. Have examples ready that showcase your ability to manage relationships and find pragmatic solutions in challenging situations.
✨Engage with Emerging Risks
Be prepared to talk about how you stay ahead of emerging risks. Discuss any proactive measures you've taken in the past to mitigate these risks and how you would apply that knowledge at AXA XL to support their business strategy.
