AXA XL is the Property & Casualty risk division of AXA, created from the acquisition of XL Catlin in 2018. We partner with mid-sized to multinational clients to take their business further, with more than 30 lines of business to offer solutions for existing and emerging risks. With 9,000+ colleagues based in approximately 30 countries we are able to serve clients in more than 200 countries*.

• The Senior Risk Analyst is key in supporting the Financial Risk Center of Excellence (FRM COE). This role reports to the Risk Manager – Market Risk team lead. The focus is on Market Risk in the multi asset class (though largely Fixed Income) $40bn investment portfolio, working closely with the Investment Department and other Risk COEs and legal entity Risk teams. This hire will be a key representative for FRM at various portfolio reviews and senior level committee meetings

What will your essential responsibilities include?

Reporting & Stress Testing:

• Ensure accurate reporting and communication of market risk exposures to senior level investment and risk committees
• Gain expertise in Market Risk Appetite Frameworks (Exposure Per Asset Class, Duration Gap, FX Risk, Sovereign Risk, Fixed Income Concentration, Liquidity Risk, Net Income Volatility) and take ownership as assigned
• Work with Investment Operations and other teams on automating/streamlining the reporting of Risk Framework exposures, allowing the team to spend more time on forward looking risk analysis
• Work with the first line risk owners to understand changes in positioning and communicate in reporting
• Regulatory and ad-hoc stress testing and sensitivity analysis of the investment portfolio
• Develop Climate (Physical and Transition Risk) stress testing
• Oversight of legal entity reporting exposures

Internal Model Analysis & Oversight:

• Work closely with Investment ALM (Asset Liability Management) team and Capital Modeling on the Internal Model Short Term Economic Capital (STEC) VaR process
• Ensure Market Risk is well captured by the model and critically evaluate output
• Ensure data controls are followed and signoff on quality of asset/liability data in the model
• Ad-hoc tasks/reporting related to market risk to support the Capital Modeling team to fulfil all SII requirements (P&L risk factor attribution, STEC stress testing
• Represent FRM in the Real Estate Calibration committee
• Support Credit Risk CoE as needed regarding Investment Credit Risk

Risk Governance:

• Risk Appetite Framework for Market Risk limit setting and monitoring
• Maintain dialog with the Investment team on risk positioning on an asset only and ALM basis and challenge as appropriate
• Actively participate in monthly portfolio reviews with the Investment department
• Represent FRM at senior level committee meetings and present risk dashboard positioning
• Work closely with key teams within the Investment Department, such as the Fixed Income team, ALM/SAA team, Investment Steering, and Operations/Compliance

Other:

• Support the Market Risk team lead with special projects and ad hoc duties as assigned

We’re looking for someone who has these experiences, abilities and skills:

Required Skills and Abilities:

• Comprehensive knowledge of investment risk management and ALM concepts

• In depth knowledge of Fixed Income (Govies, Corporate Credit, Agency MBS/CMBS, CLOs, Real Estate Debt) and alternatives (Private Credit, Private Equity, Infrastructure Equity, Real Estate)
• Ability to collaborate with and challenge Investment teams as appropriate

• Ability to collaborate effectively to find solutions within a matrix/complex organization
• Continuous improvement mindset and desire/ability to streamline processes
• Excellent verbal and written communication skills
• Critical thinking, analytical skills, attention to detail, and proactive nature

Desired Skills and Abilities:

• Bachelor and/or master’s degree in Finance/Investments, Risk Management, Mathematics, or Economics. CFA or FRM designation preferred
• Further multi asset class experience a plus (Real Estate Equity, Private Equity, Infrastructure Equity, Listed Equity)
• 3+ years of experience related to Investment Risk, preferably in the context of a (re)insurance company
• Familiarity with capital modeling and/or model validation
• Excellent technical skills with Excel, SQL Server, VBA (others are a plus as well)

FIND your future

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com.

Inclusion & Diversity

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

Our enterprise I&D mission is to become the most inspiring company to work for. We’ll achieving this through our three areas of focus:

• Drive an Inclusive Culture—create a global workplace that works for everyone, with a culture that values all individuals, backgrounds and ideas, and where every colleague feels safe, valued and respected.
• Diversify Our Workforce—increase the representation of women in leadership, achieving 50% by 2023, and focus on underrepresented populations by region, positioning AXA XL as an employer of choice for all talent.
• Support Our Marketplace & Communities—support our communities and visibly and thoughtfully champion equity around the globe.

At AXA XL we are happy to talk flexible working. We are committed to building a diverse and inclusive workforce and consider flexible ways of working for every role. Talk to us about how we can make flexibility work for you.

AXA XL is an Equal Opportunity Employer. Learn more at axaxl.com/about-us/inclusion-and-diversity.

The pay range for this position is $92,500- 182,000. Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.