Job Description

Risk ManagerSingaporeThe Risk Manager- Singapore will be responsible for identifying, measuring and overseeing financial, insurance, operational (including information and technology) risks in accordance with AXA XL Policies, processes and methodologies together with the Centres of Excellence (COEs); building a favorable environment \xe2\x80\x93 in terms of metrics/ standards but also culture - for business lines to write risks within defined Risk Appetite limits and ensure good relationship with local regulators and the local country manager on risk topics.DISCOVER your opportunityWhat will your essential responsibilities include?\xc2\xb7 Ensure full implementation of risk governance, in line with AXA XL guidelines and local regulatory requirements for Singapore branch.\xc2\xb7 Coordinating the 2nd line of defense to ensure a consistent approach is used on the various risk assessments performed in Singapore Branch.\xc2\xb7 Identifying, measuring and overseeing local financial, insurance, operational (including information and technology) risks in accordance with the AXA XL policies, processes and methodologies together with the COEs (Centre of Excellence) and the regional Head of Risk Management.\xc2\xb7 Supporting on the risk activities, as and where required, across the Asia region.\xc2\xb7 Defining and monitoring of Risk Appetite framework on all risks categories based on a local decision process within local operating units, consistently with AXA XL Risk Appetite and local regulatory requirements to minimise losses and negative impact.\xc2\xb7 Supporting the head office in providing relevant risk reporting to the head office risk monitoring committee.\xc2\xb7 Building a favourable environment in terms of metrics, standards and culture to write risks within defined Risk Appetite limits.\xc2\xb7 Ensure adherence to AXA XL\xe2\x80\x99s risk management policies and for the development of the local ERM framework, participating in local and regional management committees, as applicable as required.\xc2\xb7 Ensure risk management practices are well implemented in Singapore branch, including own local specificities/regulations.\xc2\xb7 Define alert and limits for each category of risk through macro-statements and functional indicators, together with local specific stress scenarios, to be monitored on a quarterly basis within the Risk Appetite Framework in line with AXA XL framework and local needs.\xc2\xb7 Support, when needed, independent second opinions on AXA XL\xe2\x80\x99s material decision processes, like P&C new product/business, Transformation projects and Strategic Plan (to be completed as part of the Together for Asia strategy).\xc2\xb7 Carry out an annual process to identify key operational risks considering all current and future activities envisaged in the strategic plan, to be monitored to ensure that the risk remains within operational risk appetite / tolerance levels and ensure a documented process is in place in order that all operational losses and incidents are escalated to head office.\xc2\xb7 Follow-up on action plans deriving from internal and external independent reviews.\xc2\xb7 Coordinate the Own Risk and Solvency Assessment (ORSA) process locally and contribute to regulatory local reports.\xc2\xb7 Ensure constant dialogue with the business and supported by the emerging risks management framework for early detection of risks.\xc2\xb7 Deliver Risk Training to key people and awareness campaign to employees.\xc2\xb7 Support the roll-out and implementation of the Internal Control framework (governance, policy, procedures and processes) with the reinforcement of the second line of defense controls, in line with COE initiative, to identify key controls in all areas to be regularly monitored for decision.\xc2\xb7 Build a solid relationship with local regulator (MAS).You will report to Senior Risk Manager- APACQualificationsSHARE your talentWe\xe2\x80\x99re looking for someone who has these abilities and skills:\xc2\xb7 Bachelor\xe2\x80\x99s degree in risk management, statistics, actuarial, economics, business administration or other related majors\xc2\xb7 Proficiency in all Microsoft Office applications\xc2\xb7 7 years and above of work experience in the Insurance industry or similar relevant experience will be desirable\xc2\xb7 Excellent networking and influencing skills\xc2\xb7 Strategic thinker\xc2\xb7 Ability to work within a complex regulatory environment\xc2\xb7 Excellent negotiation skills\xc2\xb7 Ability to interact with senior level leaders of the organization at multiple levels (AXA XL Division, legal entities)\xc2\xb7 Ability to communicate with impact to senior level members of the organization\xc2\xb7 Ability to collaborate effectively to find solutions within a matrix/complex organization\xc2\xb7 Proactive nature to identify issues and opportunities and formulate/execute solutions\xc2\xb7 Demonstrated experience in a complex matrix organization with numerous stakeholders, taking ownership and collaborating effectively to find solutions\xc2\xb7 Proven ability in identifying and analyzing problems, creating good solutions, deploying sound decision making skills.\xc2\xb7 Excellent verbal and written communication skills.in English\xc2\xb7 Demonstrated ability to deliver quality results with tight deadlinesFIND your futureAXA 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\xe2\x80\x99t just provide re/insurance, we reinvent it.How? By combining a strong 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 \xe2\x88\x92 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.comDiversity & InclusionWe know that a diverse workforce and inclusive culture enable business growth and are critical to our success. That\xe2\x80\x99s why we have made a strategic commitment to attracting and retaining the most diverse workforce possible, while creating a strong, inclusive culture where everyone is welcome and can contribute and reach their highest potential.\xc2\xb7 Named to the Diversity Best Practices Index \xe2\x80\x93 2017, 2018\xc2\xb7 Signatory to the CEO Action for Diversity\xc2\xb7 Signatory to the UK Women in Finance Charter\xc2\xb7 Twelve Colleague Resource Groups around the Globe\xc2\xb7 Robust support for Flexible Working Arrangements\xc2\xb7 Enhanced family friendly leave benefitsCorporate ResponsibilityAt AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world\xe2\x80\x99s most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy \xe2\x80\x93 Our Impact. Our Future. \xe2\x80\x93 aligns key issues that are pertinent to our business \xe2\x80\x93 climate, water and financial resilience - and contributes to AXA Group\xe2\x80\x99s purpose to \xe2\x80\x9cAct for human progress by protecting what matters.\xe2\x80\x9d.\xc2\xb7 Climate: We\xe2\x80\x99re reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.\xc2\xb7 Water: We\xe2\x80\x99re developing water resilience where it is \xe2\x80\x94 and will be \xe2\x80\x94 needed most.\xc2\xb7 Financial resilience: We\xe2\x80\x99re helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.\xc2\xb7 Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our \xe2\x80\x9cHearts in Action\xe2\x80\x9d programs.For more information please see the on our website.

AXA XL