At a Glance
- Tasks: Lead initiatives to enhance operational risk frameworks and promote a risk-aware culture.
- Company: Join AXA XL, a leader in risk management with a commitment to diversity and inclusion.
- Benefits: Enjoy competitive pay, flexible working, and comprehensive health benefits.
- Other info: Collaborative culture with opportunities for professional growth and sustainability initiatives.
- Why this job: Make a real impact by shaping risk strategies in a dynamic environment.
- Qualifications: Strong leadership skills and experience in operational risk management required.
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.
Risk Manager - Operational Risk employer: AXA XL
AXA XL is an exceptional employer, offering a dynamic work environment in London and Ipswich that fosters collaboration and innovation. 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 Risk Manager - Operational Risk
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their operational risk framework and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your skills and how they relate to the role of Operational Risk Manager. A confident and concise introduction can make a great first impression.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
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 Operational Risk Manager role. Highlight your experience with operational risk frameworks and 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 and how you can contribute to our team. Be sure to mention specific initiatives or methodologies you've worked on that relate to the job.
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 expertise!
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 serious about 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 your previous roles, as well as any initiatives you've led that matured these frameworks.
✨Quantitative Scenarios Are Key
Prepare to talk about your experience with quantitative operational risk scenarios. Think of specific examples where you completed these assessments and how they aligned with group requirements. This will show your analytical skills and understanding of risk exposures.
✨Stakeholder Management Matters
Since you'll be engaging with various stakeholders, practice articulating how you've managed relationships at different levels, especially with senior management. Highlight any successful collaborations that led to pragmatic solutions in risk management.
✨Show Your Passion for Culture
AXA XL values a positive work culture, so be prepared to discuss how you've contributed to this in past roles. Share examples of how you've promoted risk awareness and fostered a collaborative environment within your team.
