AXA XL is an Equal Opportunity Employer. London, UK/Ipswich, UK
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
AXA XL is an Equal Opportunity Employer.
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