Risk Manager – Operational Risk

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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