Assets & ALM model standards, Market & Credit Risks,
Whatever 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. Provide 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.
Historically, the IMR team was only focused on the local entities. 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.
Develop a methodology to review the Group ́s models, with a similar approach to what is done currently with the local entities.
Review 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.
Conduct technical meetings with the experts from the Group and from the local entities and deploy the testing procedures.
Ensure the appropriate implementation of the remediation plans and the model changes, both at local and Group levels.
Degree in financial mathematics, engineering, statistics and / or actuarial sciences (ideally with an IT component around the analysis of codes / algorithms)
Minimum 3-4 years in an investment / actuarial or risk management department or actuarial consulting.
Experience with programming languages as developer notably with Python and R. Knowledge of other programming languages such as VBA and C is desirable.
Experience with Dynamic Financial Analysis (DFA) models is appreciated.
Insurance accounting and regulatory frameworks
Life risks & Financial risks assessment (Lee-Carter for longevity, CAT mortality & pandemic models, Monte Carlo simulations, replicating portfolios, credit risks tools, etc)
IT related skills, if possible : analysis of codes, detection of errors in the models.
Ability to conduct interviews in English.
Capacity 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.
Capacity to write in English detailed reports, and / or to summarize findings / recommendations.
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. Are you ready to be part of a high-calibre, multidisciplinary team at AXA GRM, with a global presence in Paris, Zürich, and Madrid?
A company promoting internal mobility and the training of its employees.
A flexible company, allowing hybrid work, in the office and from home.
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