Risk Manager

Risk Manager

City of London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join AXIS Capital as a Risk Manager, implementing and maintaining the Risk Management Framework.
  • Company: AXIS Capital is a global leader in specialty lines insurance and reinsurance, known for exceptional client service.
  • Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
  • Why this job: Be part of a top-tier team, contributing to meaningful risk management practices in a supportive culture.
  • Qualifications: Bachelor's degree plus 3-5 years in risk management or related fields; strong analytical and project management skills required.
  • Other info: Ideal for those passionate about risk management and looking to make an impact in a reputable company.

The predicted salary is between 43200 - 72000 £ per year.

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

An opportunity for a Risk Manager has arisen in the Enterprise Risk Management team at AXIS Capital in the London office. The purpose of the role is to support the implementation and maintenance of the Risk Management Framework across the Group and Legal Entities.

KEY DUTIES and RESPONSIBILITIES:

  • Implement and develop the Group’s ERM framework and embed risk management principles throughout the business
  • Deliver risk and control assessments and ensure all entity specific risks and controls are adequately documented in the risk registers and risk systems
  • Development and monitoring of other components of the risk register including key risk indicators
  • Engage with legal entity Risk Owners to promote risk management practices and culture across their respective areas
  • Preparation of quarterly internal risk reporting materials including for the Board Risk Committees, Executive Risk Committees and other related risk groups for both Group and relevant Legal Entities
  • Support the external reporting process for regulatory, rating agency and other purposes; specifically including production of risk disclosures, BMA, and SII Pillar 3 reporting requirements across Group and Legal Entities;
  • Involvement in the production of the annual ORSA report for Group and Legal Entities
  • Support the review, development and monitoring of the Group and Legal Entity Risk Limit Framework including Target Capital Range
  • Assist with the development and delivery of Stress & Scenario Testing and Capital Adequacy Testing
  • Maintain and update relevant risk policies and procedures
  • Facilitate the emerging risks process, including the production of the Emerging Risk Committee pack
  • Support the operational loss event and near-miss reporting and process
  • Support relevant Group risk activities and projects, as required

EDUCATION/TRAINING and EXPERIENCE:

  • Bachelor’s degree with successful completion of a higher degree (MBA or MA, MS, or PhD) or professional qualification in underwriting (CPCU, CII), actuarial (FIA or FCAS), finance, or accounting (CFA or CPA)
  • At least 3-5 years of experience in property/casualty (re)insurance companies or consulting firms in underwriting, actuarial, risk, finance, or investment functions
  • Risk experience with in-depth knowledge of implementing enterprise risk frameworks, including risk identification, risk assessment control oversight and risk governance
  • Experience of capital management frameworks and approaches
  • Experience with delivery of Board and executive level risk reporting, risk policies, risk appetite and limit frameworks
  • Knowledge of regulatory requirements in relation to ERM

DESIRED SKILLS & CHARACTERISTICS:

  • Strong project management skills – Ability to work to deadlines, prioritize and multi-task
  • A strong aptitude for problem solving and strong execution skills
  • Enthusiastic, pro-active and positive attitude
  • Ability to build relationships with diverse roles and levels in the organization
  • Ability to work independently and support team goals
  • Attentive to details whilst having a broader ‘big picture’ view
  • Excellent writing ability and strong analytical skills

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Risk Manager employer: AXIS Capital

AXIS Capital is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and ethical practices thrive. Employees benefit from a strong focus on professional development, with opportunities to engage in meaningful projects that shape the future of risk management. The company's commitment to a collaborative culture ensures that every team member's contributions are valued, making it an ideal place for those seeking a rewarding career in the insurance and reinsurance sector.
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Contact Detail:

AXIS Capital Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Risk Manager

✨Tip Number 1

Familiarise yourself with AXIS Capital's corporate culture and values. Understanding their commitment to client service and ethical practices will help you align your approach during interviews and discussions.

✨Tip Number 2

Network with professionals in the risk management field, especially those who have experience in insurance or reinsurance. Engaging with industry peers can provide insights into the role and may even lead to referrals.

✨Tip Number 3

Stay updated on current trends and regulatory changes in enterprise risk management. Being knowledgeable about the latest developments will demonstrate your commitment to the field and your readiness for the role.

✨Tip Number 4

Prepare to discuss specific examples of how you've implemented risk management frameworks in previous roles. Highlighting your hands-on experience will show that you can contribute effectively to AXIS Capital's objectives.

We think you need these skills to ace Risk Manager

Enterprise Risk Management (ERM)
Risk Assessment and Control Oversight
Regulatory Compliance Knowledge
Capital Management Frameworks
Board-Level Reporting
Risk Appetite and Limit Frameworks
Project Management Skills
Analytical Skills
Problem-Solving Skills
Attention to Detail
Stakeholder Engagement
Communication Skills
Ability to Work Independently
Team Collaboration
Proactive Attitude

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly in the insurance or consulting sectors. Emphasise your project management skills and any specific frameworks you've implemented.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of AXIS Capital's values and how your background aligns with their needs. Mention your experience with enterprise risk frameworks and your ability to engage with diverse teams.

Highlight Relevant Qualifications: Clearly list your educational qualifications and any professional certifications related to risk management, underwriting, or finance. This will demonstrate your commitment and expertise in the field.

Showcase Analytical Skills: In your application, provide examples of how you've used analytical skills to solve problems or improve processes in previous roles. This is crucial for a position that involves risk assessment and reporting.

How to prepare for a job interview at AXIS Capital

✨Understand the Risk Management Framework

Familiarise yourself with AXIS Capital's Enterprise Risk Management (ERM) framework. Be prepared to discuss how you would implement and develop this framework, as well as your experience in embedding risk management principles in previous roles.

✨Showcase Your Analytical Skills

Highlight your analytical skills by discussing specific examples of risk assessments you've conducted. Be ready to explain how you documented risks and controls in risk registers and systems, as this is a key responsibility of the role.

✨Demonstrate Strong Communication Abilities

Since the role involves preparing materials for Board Risk Committees and engaging with various stakeholders, practice articulating complex risk concepts clearly and concisely. Prepare to discuss how you have effectively communicated risk information in past positions.

✨Prepare for Scenario Testing Discussions

Be ready to talk about your experience with stress and scenario testing, as well as capital adequacy testing. Think of examples where you contributed to these processes and how they impacted decision-making within your previous organisations.

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