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 opportunities to engage globally.
- Why this job: Make a real impact in a dynamic business focused on innovative risk management.
- 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 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:
- 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 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 employee growth, AXA XL offers extensive training opportunities and encourages collaboration across global teams, ensuring that every team member contributes to a robust risk management culture. Located in vibrant cities like London and Ipswich, employees enjoy a supportive atmosphere that values innovation and proactive problem-solving, making it an ideal place for professionals seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Leader, Governance & Strategy
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. 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. Understand their approach to risk management and think about how your experience aligns with their needs. We want you to walk in feeling confident and ready to impress!
✨Tip Number 3
Practice your pitch! You should be able to clearly articulate your experience and how it relates to the role of Operational Risk Leader. We recommend rehearsing with a friend or in front of a mirror to nail down your delivery.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. Plus, it keeps you on their radar. And remember, apply through our website for the best chance at landing that role!
We think you need these skills to ace Operational Risk Leader, Governance & Strategy
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Operational Risk Leader role. Highlight your relevant experience and skills that match the job description. We want to see how you can bring value to AXA XL!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your leadership in risk management and how you've tackled operational risks in the past.
Showcase Your Communication Skills:Since this role involves engaging with various stakeholders, make sure to demonstrate your excellent communication skills in your application. We love seeing candidates who can articulate their thoughts clearly and effectively!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at AXA XL!
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, especially in leading initiatives or maturing frameworks. This shows you're not just familiar with the theory but have practical experience too.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills by discussing specific examples where you've reviewed data to identify operational risk exposures. Bring along any relevant reports or case studies that highlight your ability to analyse trends and recommend actionable solutions.
✨Master Stakeholder Management
Since this role involves communication with various stakeholders, practice articulating your experiences in managing relationships at different levels. Think of examples where you've successfully navigated difficult conversations or found pragmatic solutions with stakeholders.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving abilities in operational risk situations. Prepare by thinking through potential loss events and how you would approach root cause analysis and mitigation strategies. This will show your proactive mindset and readiness to tackle challenges head-on.
