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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, the biggest department of the branch, reports directly to Group Risk Management (GRM) and PBRC in Paris.

This job is based in Madrid only

The Internal Model Review (IMR) team is an internal Risk and Actuarial controlling activity created in the context of Solvency II application. It has the following objectives:

-  Provide a gap analysis on the compliance of local entities’ practices with Group instructions and/or with Solvency II directives.

-  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.

The main missions :

-  Review the local deployment of P&C Group model structure (Harp + Remetrica)

-  Review the local calibration of the model.

-  Check the exhaustiveness of modeled business.

-  Review the reconciliation exercise.

-  Statistical quality tests, calibration tests, ensuring that the fitted parameters represent the risk reflected in the historical data, taking into account trends and outliers, (statistical tests and back testing of result distributions, review evidence of fit tests) for parameterization of losses, pricing, inflation, and reserve volatilities.

-  Back testing, stress testing, “mirror modeling” to sense check IM outputs

-  Conclusion on a “suitability assessment” of the P&C Group model to local specificities in a written report to be completed by action plan from the entity.

-  Review of the local Cat modeling, including challenge the data used, the Cat projection factor and the robustness of approach.

-  Review local reinsurance treaties in order to check the appropriateness and exhaustiveness of the modeling.

-  Review the granularity of the modeled lines of business.

-  Express a second opinion on Group model changes that impact P&C risks.

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 -    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.

Your profile and skills

Educated with a Master Degree

Financial Mathematics, Statistics and/or actuarial studies.

Experience:

3-4 years practical experience in the P&C area of a Risk Management or Technical departments, or in an actuarial audit firm.

Good knowledge of :

-  Solvency 2 principles, notably P&C risks modules

-  P&C reserving technics and P&C business analysis

- AXA’s internal model (STEC) (valuable)

-  Programming (coding)

-  IFRS17.

Tools:

-  Good knowledge of AXA Group Internal model tools (valuable).

-  Good knowledge of P&C actuarial tools (e.g. Remetrica) would be a plus.

-  MS Office (Excel, Word, PowerPoint).

Interpersonal skills:

-  Ability to conduct interviews in English.

-  Capacity to challenge local entities and to ensure the correct application of group’s standards / guidelines.

-  Capacity to write in English detailed reports, and/or to summarize findings/recommendations through a few slides.

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