At a Glance
- Tasks: Lead initiatives to enhance operational risk frameworks and methodologies.
- Company: Join AXA XL, a leader in risk management with a commitment to diversity.
- Benefits: Enjoy competitive pay, flexible working, and comprehensive health benefits.
- Other info: Be part of a culture that values sustainability and inclusion.
- Why this job: Make a real impact on risk management while collaborating with diverse teams.
- Qualifications: Strong leadership and analytical skills with experience in operational risk.
The predicted salary is between 60000 - 80000 £ per year.
AXA XL is looking for an Operational Risk Manager to join the Risk Governance, Internal Control and Operational Risk Centre of Excellence team.
Responsibilities
- Lead various initiatives and mature the Operational risk framework and methodology, including the qualitative Risk Assessment.
- Complete quantitative Operational Risk scenarios in line with AXA Group requirements and support the AXA XL Internal Model.
- Lead operational risk loss event reporting, promote risk awareness and culture, review root causes of loss events, and recommend prevention actions.
- Provide guidance and support to legal entity Risk Managers to ensure robust application of the Operational risk methodology across the Division.
- Engage with business to monitor operational risk profile, develop risk mitigation strategies and ensure compliance with risk appetite thresholds.
- Produce reporting and escalated operational risk issues.
- Collaborate with Information risk, Internal control, Compliance, Operational Resilience and other functions to present a robust, holistic view of Operational risk.
- Engage with AXA Group on operational risk topics as required.
- Represent Operational Risk Management at Committee meetings and key projects run by the Risk Governance, Internal Control and Operational Risk team.
- Engage in Operational risk Second Opinion Reviews and influence senior management to close mitigation actions.
- Support usage of the risk management tool within AXA XL and ensure data quality related to Operational risk information.
Qualifications Required Skills and Abilities
- Demonstrated leadership qualities and ability to deliver high‑quality outputs.
- Expertise and practical experience in operational risk frameworks.
- Effective analytical skills to review data and understand operational risk exposures and trends.
- Proficiency in utilising risk management tools and systems.
- Excellent report‑writing skills and commercial acumen.
- Stakeholder management skills at Board level, Leadership Team, and business, with ability to secure pragmatic solutions.
- Robust experience of risk management in the second line and experience dealing with difficult situations, especially in contract risk management.
Desired Skills and Abilities
- Fluent spoken and written English; French is an advantage.
- Pro‑active in obtaining appropriate training, both soft skills and hard skills.
- Collaborative, team‑working and passionate about creating a positive work culture.
Benefits Inclusion
- Five Business Resource Groups focused on gender, LGBTQ, ethnicity and origins, disability and inclusion with 20 Chapters globally.
- Robust support for Flexible Working Arrangements.
- Enhanced family‑friendly leave benefits.
- Named to the Diversity Best Practices Index.
- Signatory to the UK Women in Finance Charter.
Total Rewards
AXA XL’s reward program provides competitive compensation and comprehensive benefits covering health, wellbeing, lifestyle and financial security.
Sustainability
Our 2023‑26 Sustainability strategy – Roots of resilience emphasizes protecting natural ecosystems, addressing climate change, and embedding sustainable practices.
- Valuing nature: protecting and restoring biodiversity.
- Addressing climate change: initiatives toward net‑zero strategy and sustainable insurance products.
- Integrating ESG across internal processes and reporting.
- AXA Hearts in Action programs: matching gifts, volunteering leave, and annual volunteering day.
Operational Risk Manager: Governance & Framework Lead in Ipswich employer: AXA XL
AXA XL is an exceptional employer, offering a dynamic work environment in London or Ipswich where innovation and collaboration thrive. With a strong commitment to diversity and inclusion, employees benefit from flexible working arrangements, comprehensive health and wellbeing packages, and robust opportunities for professional growth. The company's focus on sustainability and community engagement further enhances its appeal, making it a rewarding place to build a meaningful career in operational risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Risk Manager: Governance & Framework Lead in Ipswich
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Operational Risk Manager role.
✨Tip Number 2
Prepare for interviews by researching AXA XL and understanding their operational risk framework. We recommend practising common interview questions and having examples ready that showcase your leadership skills and experience in risk management.
✨Tip Number 3
Showcase your analytical skills! During interviews, be ready to discuss how you've tackled operational risk scenarios in the past. We want to see your thought process and how you’ve contributed to risk mitigation strategies.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Operational Risk Manager: Governance & Framework Lead in Ipswich
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Operational Risk Manager role. Highlight your experience with operational risk frameworks and methodologies, as well as any leadership roles you've held. We want to see how your skills align with what we're 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 management and how you can contribute to our team. Be sure to mention specific initiatives or experiences that relate to the job description.
Showcase Your Analytical Skills:Since this role requires effective analytical skills, make sure to include examples of how you've used data to understand operational risk exposures. We love seeing concrete examples that demonstrate your ability to analyse and mitigate risks.
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 XL
✨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 previous roles, especially in relation to qualitative and quantitative risk assessments. This will show that you understand the core responsibilities of the role.
✨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 acted on them. This will highlight your ability to think critically and make informed decisions.
✨Engage with Stakeholders
Since stakeholder management is key, come prepared with examples of how you've successfully engaged with various levels of stakeholders, including Board members. Discuss how you secured pragmatic solutions in challenging situations, as this will reflect your leadership qualities.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving abilities in operational risk management. Prepare a few examples of loss events you've dealt with, the root causes you identified, and the prevention actions you recommended. This will showcase your practical experience and proactive approach.
