At a Glance
- Tasks: Lead initiatives to enhance operational risk frameworks and promote risk awareness across the business.
- Company: Join AXA XL, a dynamic global leader in insurance and reinsurance.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Collaborative culture with opportunities to engage with stakeholders at all levels.
- Why this job: Make a real impact by shaping risk management strategies in a global business.
- Qualifications: Proven experience in operational risk management and strong communication skills.
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 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 grow within the organisation. With a strong focus on risk management and a commitment to employee well-being, AXA XL offers comprehensive benefits and opportunities for professional development, making it an ideal place for those seeking meaningful and rewarding careers in the heart of London or Ipswich.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Manager - Operational Risk
✨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 operational risk strategies. Tailor your responses to show how you can contribute to their goals.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. We want to ensure we’re presenting our best selves when it counts.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping us top of mind. Plus, it shows our enthusiasm for the role and the company.
We think you need these skills to ace Risk Manager - Operational Risk
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 relevant experience. We want to see how you can contribute to our dynamic team at AXA XL!
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 align with our needs. Let us know what excites you about working with AXA XL.
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 candidates who can convey complex ideas 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. We can’t wait to see what you bring to the table!
How to prepare for a job interview at AXA Group
✨Know Your Risk Frameworks
Make sure you brush up on your knowledge of operational risk frameworks. Be ready to discuss how you've applied these in previous roles and how they can be adapted to AXA XL's needs. This shows you're not just familiar with the theory but can also implement it effectively.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills by discussing specific examples where you've reviewed data to identify operational risk exposures. Use metrics or outcomes to illustrate your impact, as this will resonate well with the interviewers looking for someone who can make data-driven decisions.
✨Engage with Stakeholders
Since this role involves communication with various stakeholders, think of examples where you've successfully managed relationships at different levels. Highlight your ability to find pragmatic solutions and how you’ve navigated difficult situations, as this will show your leadership qualities.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving abilities in operational risk management. Prepare by thinking through potential risks and mitigation strategies relevant to AXA XL. This will help you articulate your thought process and demonstrate your expertise in real-world applications.
