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Votre environnement de travail

Le siège social du Groupe AXA (GIE AXA) regroupe nos activités corporate. Il assure le pilotage et le support des filiales dans le monde, afin de garantir notamment la coordination et le suivi de la stratégie globale d’AXA, l’application de ses standards, la cohérence des approches commerciales, et le partage des meilleures pratiques. 

Le siège est composé d’environ 1000 employés et se distingue par sa forte culture internationale (45 nationalités), ce qui en fait un espace de travail riche et stimulant.

C’est autour de la diversité et de l’unité que se construit AXA, c’est pourquoi nous nous engageons à promouvoir le succès collectif par l’inclusion.

GIE AXA SUCURSAL EN ESPAÑA is a branch of GIE AXA (Group headquarters) located in Spain. The entity is hosted in AXA's facilities in Madrid, but is fully independent from other Spanish entities. The Internal Model Review (IMR) department, is part of Group Risk Management. The team was created to provide an independent opinion to the regulator and to the board of directors on the compliance and consistency of our Internal Model with Solvency II directives. IMR has the following objectives:

• Provide a gap analysis on the compliance of local entities’ practices with Group’s instructions and/or with Solvency II principles.
• Provide AXA Group’s management with an appropriate level of comfort on the quality and adequacy of solvency II metrics reported by entities.
• Ensure the consistency of local methodologies, processes and tools used across entities.
• Contribute to the improvement of the metrics by sharing best practices.

Your Mission:

As part of IMR team, the candidate will participate in in-depth reviews of the Internal Model among AXA entities. The candidate will be responsible for performing detailed analysis on the Internal Model, focusing on assets and ALM projected cash flows in Life products.

The candidate will also participate in the analysis of Market, Credit and Aggregation risks, ensuring the alignment between the local practices and the Group requirements. Recently, the scope of the activities of the team has been extended to the review of the Group models.

Key accountabilities:

• Analysis of the Assets and ALM projection in the DFA (Dynamic Financial Analysis) model for Life business. Focusing on:
• Assets projection: Assets model points; Simulations on Risk Neutral environment (Market value evolution, Market consistency adjustment); Projection of different components of investment income; Investment fees.
• Detailed analysis of the implementation in the Internal Model of the main ALM strategy components: Investment Strategy and Strategic Assets Allocation; Profit sharing; Management actions; Time Value Options analysis.
• Reviewing Market and Credit risk calculation for Life and P&C businesses as well as the Aggregation methodology for the different sub-risk streams. Analysis of scope and local calibrations produced by the entities.
• Conduct technical discussions with the local entities.
• Implement a regular update of the team methodology, suggesting improvements and designing new tests.
• Participation on regular follow-ups with the reviewed entities.
• Contribute to Group Risk Management transversal work streams. 

Vous rejoignez une entreprise :

-    Responsable, vis-à-vis des personnes, y compris ses employés et ses clients, et de la planète. -    Aux valeurs fortes-    Qui encourage la mobilité interne, et la formation de ses employés-    Qui vous offre de nombreux avantages (en savoir plus ici : Reward & Benefits - french | AXA Group)-    Flexible, qui permet le travail hybride, au bureau et à la maison.

Les informations fournies par les candidat(e)s seront traitées de manière strictement confidentielle et utilisées uniquement à des fins de recrutement.

Qualifications

Education:

• Grade in Financial Mathematics/Engineering, statistics and/or Actuarial Studies

Experience:

• Minimum 2 years practical experience in Investment and/or Risk Management department, in an Actuarial/Valuation team, or in an actuarial audit function.
• Good knowledge of financial risks risk model principles

• Good knowledge of Life insurance business with a focus on:
• Solvency 2 principles.
• Assets/ALM projections and Market & Credit risks valuation
• Risks identification and measurement frameworks.
• AXA’s internal model (STEC) (Valuable).
• Ideally have exposure to internal models in insurance entities, notably on DFA tools (e.g. RAFM, Prophet, R3S, Sunrise, etc) including:      
• Risk neutral environment for Solvency 2 reporting.
• Insurance accounting and other regulatory environments.
• Eligible Own Funds (EOF) framework.
• Model Valuation of various asset classes (e.g. securities, corporate bonds, derivatives, alternative assets)

• Experience with the use of VBA valuation tools, and familiarity with programming in languages like C++, Python or R for data manipulation, and risk analysis. (Valuable)

Soft skills

• Multicultural mindset and ability to work in transversal multinational team.
• Pro-active and autonomous.
• Ability to conduct interviews in English.
• Capacity to challenge local entities and to ensure the correct application of Group standards / guidelines.
• Capacity to write in English detailed reports, and/or to summarize findings/recommendations through.
• Good analytics and formalization skills.

• Attraction for short time travels in the AXA Group entities.