PWhatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need we’re always there for them. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first. /ppbr/ppstrongYour work environment /strong /ppbr/ppWithin GIE AXA, Internal Model Review (IMR) team 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: /ppbr/pulliProvide the AXA Group’s top management with an appropriate level of comfort on the quality and the adequacy of the risk’s models used by the Group and by the local entities to assess the required capital. /liliEnsure the robustness and the consistency of the methodologies, processes and tools used across the Group for the risks assessment. /liliContribute to the improvement of the models and risks metrics by tracking potential errors and sharing best practices. /li /ulpbr/pp The IMR team is structured in different areas: /ppbr/pulliAssets ALM model standards, Market Credit Risks, /liliLiabilities standards, Best Estimates and Life Risks, /liliPC Risks, /liliOperational Risks, /liliIFRS17. /li /ulpbr/ppHistorically, the IMR team was only focused on the local entities. Recently, the scope of the team was extended to also cover the models run and developed at Group level. This recruitment takes place in the context of this extension of the missions of the team. Don´t lose this opportunity to join a team that keeps growing, with a large diversity of topics. /ppbr/ppstrongYour Mission: /strong /ppbr/ppAs part of the IMR team, the candidate will lead some of the in-depth reviews of the Internal Model, focusing on the first two areas listed above (financial risks and LS technical risks). These reviews can take place both in the local entities and at Group level (in case of models developed and run by central teams), with more focus on the Group reviews given the recent creation of this activity. The candidate will be responsible for performing detailed analysis on the Internal Model, focusing on the modelling choices/approaches, the appropriateness of the codes, the assumptions/calibrations, and the results. /ppbr/ppKey accountabilities: /pulliDevelop a methodology to review the Group´s models, with a similar approach to what is done currently with the local entities. /liliReview the Life and Financial risks (Market/Credit), as well as the aggregation of the various components. Analysis of the scope, the calibrations, and the application of the shocks, with a particular focus on the models developed and run at Group level. /liliAnalyse the BEL calculations of the Life business, including assets/liabilities projections, ALM interactions, best estimate assumptions. /liliReview of the codes of the models and challenge of the modelling approaches. /liliConduct technical meetings with the experts from the Group and from the local entities and deploy the testing procedures. /liliWrite technical reports summarizing the main deficiencies and areas of improvement identified and present the conclusions to the risk owners and to the top management. /liliEnsure the appropriate implementation of the remediation plans and the model changes, both at local and Group levels. /liliParticipate to the governance around the validation of the Internal Model (S2 committees, STEC working groups, experts’ communities, technical workshops, etc). /li /ulpbr/ppstrongQualifications: /strong /ppbr/ppEducation: /pulliDegree in financial mathematics, engineering, statistics and/or actuarial sciences (ideally with an IT component around the analysis of codes/algorithms) /li /ulpbr/ppExperience: /pulliMinimum 3-4 years in an investment / actuarial or risk management department or actuarial consulting. /liliExperience with programming languages as developer notably with Python and R. Knowledge of other programming languages such as VBA and C is desirable. /liliExperience with Dynamic Financial Analysis (DFA) models is appreciated. /liliGood knowledge of Solvency 2 principles /liliInsurance accounting and regulatory frameworks /liliRisk neutral environment applied to Solvency 2 /liliRisks identification and risks measurement processes /liliEligible Own Funds (EOF) and Solvency Capital Requirements (SCR) /liliIdeally, exposure to Internal Models at AXA or in other insurance Groups /liliGood knowledge of the life financial models: /li /ulpbr/ppem(We understand that the candidate's expertise may be more balanced between life and technical or financial risks, but we are looking for a profile that is as transversal as possible, with a willingness to learn and work in both areas) /em: /ppbr/pulliLife business valuation techniques, including DFA tools (e.g. ALM models, Moses/Risk Agility, Prophet, Sunrise, etc.) /liliLife risks Financial risks assessment (Lee-Carter for longevity, CAT mortality pandemic models, Monte Carlo simulations, replicating portfolios, credit risks tools, etc) /liliIT related skills, if possible: analysis of codes, detection of errors in the models. /li /ulpbr/ppSoft skills: /pulliMulticultural mindset and ability to work in transversal multinational team. /liliPro-active and autonomous. /liliAbility to conduct interviews in English. /liliCapacity to challenge experts from the Group central teams and from the local entities to ensure the robustness of the models and the correct application of the standards / guidelines. /liliCapacity to write in English detailed reports, and/or to summarize findings/recommendations. /liliGood analytics and formalization skills. /liliAppetite for short time travels throughout the AXA Group. /li /ulpbr/ppstrongAbout the Entity: /strong /ppbr/ppThe headquarters of the AXA Group (GIE AXA) brings together our corporate activities. It provides guidance and support to subsidiaries around the world, to ensure the coordination and monitoring of the Group's global strategy, the application of its standards, the consistency of commercial approaches and the sharing of best practices. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work. /ppbr/ppAre you ready to be part of a high-calibre, multidisciplinary team at AXA GRM, with a global presence in Paris, Zürich, and Madrid? /ppbr/ppstrongWhat We Offer /strong /ppbr/ppYou will join: /pulliA responsible company, towards people, including its employees and customers, and towards the planet. /liliA company with strong values /liliA company promoting internal mobility and the training of its employees. /liliA company offering many benefits (learn more here: aReward Benefits | AXA Group /a) /liliA flexible company, allowing hybrid work, in the office and from home. /li /ulpbr/ppAt AXA we actively promote Diversity and Inclusion by offering equal opportunities. Possession of a Disability certificate will be positively valued. /ppbr/ppWhat are you waiting for? Join the AXA family and contribute to the progress of society! /p