At a Glance
- Tasks: Lead strategic risk management and oversee product approval processes at AXA.
- Company: Join AXA, a global leader in insurance and financial services.
- Benefits: Flexible working arrangements, competitive salary, and career development opportunities.
- Other info: Dynamic work environment with opportunities for professional growth.
- Why this job: Make a real impact on insurance strategies and governance while influencing key decisions.
- Qualifications: Extensive experience in UK general insurance and proven leadership skills required.
The predicted salary is between 58540 - 71548 £ per year.
About AXA: AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them.
As the sixth-largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance.
We support millions of customers worldwide, helping them navigate life's uncertainties with confidence.
AXA UK Support Functions look after our three customer-facing business units, providing the infrastructure and expertise to make sure we can be there for our customers.
Job overview: We're seeking an experienced actuarial professional ready to lead at a strategic level within AXA UK's Risk team to partner with the businesses that we support.
You'll develop and oversee the Product Approval Process for new and material product developments, providing independent second opinions and coordinating with Risk and Compliance for a holistic view.
You'll advise on product design, performance, and strategic alignment.
You'll conduct independent risk reviews of underwriting, pricing, and portfolio strategies, supporting effective challenge and decision making.
This role offers a great opportunity to expand your impact from technical risk to enterprise level strategy, influencing policies and governance to support AXA UK's growth and resilience.
Key responsibilities: Develop and oversee the Product Approval Process (PAP), providing independent second opinions and coordinating Risk and Compliance inputs, while advising senior leaders on product design and performance relative to strategic and financial targets.
Conduct independent risk reviews of underwriting strategies, pricing models, portfolios, and footprint management to support effective challenge and decision-making.
Review strategic initiatives, delivering formal opinions on insurance risk to support senior leadership.
Provide second-line advice on risk considerations for the strategic and financial plans, ensuring activities align with strategies and risk appetite.
Lead the Stress and Scenario Testing process, preparing reports for governance committees.
Maintain and improve the Risk Management Framework for Insurance Risk, monitoring adherence to risk appetite and leading initiatives to strengthen risk practices.
Oversee operational processes including reinsurance mitigation and non-investment credit risk management.
Manage relationships with key stakeholders across business units and risk functions, including senior management and AXA Group counterparts.
Work arrangements: At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers.
You'll work at least two days a week (40%) away from home, moving to three days a week (60%) in the future.
Away from home means attending the office, visiting clients or attending industry events.
We're also happy to consider flexible working arrangements, which you can discuss with Talent Acquisition.
Your skills & experience: Extensive experience in UK general insurance, preferably in Retail P&C and/or Private Medical Insurance (PMI) with a background in pricing.
Experience in UK Commercial markets is also advantageous.
Proven leadership abilities to manage key relationships and influence decision-making at senior levels.
Excellent stakeholder management skills, to engage effectively with executives, senior management, underwriters, and pricing specialists.
Deep product knowledge and understanding of the industry landscape, including regulatory requirements.
Strong business acumen and strategic mindset.
Demonstrates ownership, accountability, and a proactive approach to responsibilities.
Strong analytical and problem-solving skills, with the ability to interpret complex data and situations.
As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.
How to apply: To apply, click on the 'apply now' button, you'll then need to log in or create a profile to submit your CV.
We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics.
If you have a long-term condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge.
For our support, please send an email to adi. stapletonberry@axa-uk. co. uk#LI-Hybrid
Senior Insurance Risk Manager in London employer: AXA Group
AXA is an exceptional employer, offering a supportive and dynamic work environment in Tunbridge Wells for nurses looking to make a meaningful impact. With a strong focus on employee growth, we provide comprehensive training, flexible working arrangements, and the opportunity to work from home, ensuring a healthy work-life balance. Join our dedicated health support team and enjoy the benefits of being part of a global leader in insurance, where your contributions truly matter.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Insurance Risk Manager in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like AXA Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like AXA Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Insurance Risk Manager in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at AXA Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AXA Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at AXA Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AXA Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at AXA Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding AXA Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
