Job Description
The Internal Control framework is an important pillar of Risk Management
It helps management understand risks faced and reduces operational risks allowing for targeted actions to mitigate risks in line with the risk appetite framework
It ensures that in each Department, the key internal controls are implemented, documented, assessed and monitored in front of material risks, with clear management accountabilities and a second line function validates and reviews the framework
Within the AXA XL Divisional Risk Management, in the Risk Governance & Control and Operational Risk department, in the Internal Control team (Center of Excellence), you will perform second line control activities and report on the AXA XL Division control framework
You will be responsible for some Finance and Business processes on the Internal Financial Control (IFC) Framework
You will also contribute to the Internal Control Framework on some Finance processes (for AXA XL division worldwide) and provide support to operational managers to define the approach to describe and operate controls
What you’ll be doing What will your essential responsibilities include
Contribute to the maintenance and continuous improvement of AXA XL Internal Control framework on Finance processes and of the Internal Financial Control (IFC IFRS) framework
Ensure that key internal controls are defined, implemented, documented, assessed and monitored in front of material risks
Support and question the first line of defense to ensure that controls are well formalized and regularly updated
Perform Self-directed testing of controls performed by first line of defense (design and operational effectiveness testing)
Support first line of defense quarterly self-assessment
Ensure first line defines action plans on issues and monitor them
Participate in the reporting on the Internal Control and Internal Financial Control frameworks
Coordinate with External Auditors on the testing of Internal Financial Controls
Participating in projects impacting the IFC IFRS framework
You will report to Senior Manager, Internal Control
What you’ll bring We’re looking for someone who has these abilities and skills: Required Skills and Abilities: Degree: chartered accountant Knowledge of control framework for insurance (internal control, audit, operational risks …) and relevant experience in consultancy firms or financial sector companies
Knowledge of P&C Commercial business processes will be preferred
Good communication, negotiation and presentation skills
Ability to ask questions and to share opinions
Ability to interact with senior management and multiple stakeholders
Fluent written and spoken English
Desired Skills and Abilities: Demonstrate high reliability, quality and timeliness of deliverables and presentations
Appetence to work within an international and intercultural environment, in a team-oriented and collaborative environment
Organizational skills
What we offer Inclusion AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic
At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success
That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential
It’s about helping one another — and our business — to move forward and succeed
Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
Robust support for Flexible Working Arrangements Enhanced family-friendly leave benefits Named to the Diversity Best Practices Index Signatory to the UK Women in Finance Charter Learn more at axaxl.com/about-us/inclusion-and-diversity
AXA XL is an Equal Opportunity Employer
Total Rewards AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security
It provides competitive compensation and personalized, inclusive benefits that evolve as you do
We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence
Sustainability At AXA XL, Sustainability is integral to our business strategy
In an ever-changing world, AXA XL protects what matters most for our clients and communities
We know that sustainability is at the root of a more resilient future
Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations
Our Pillars: Valuing nature: How we impact nature affects how nature impacts us
Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future
We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans
Addressing climate change: The effects of a changing climate are far-reaching and significant
Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption
We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions
Integrating ESG: All companies have a role to play in building a more resilient future
Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business
We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting
AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs
These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving
For more information, please see axaxl.com/sustainability
Who we are AXA 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’t just provide re/insurance, we reinvent it
How
By combining a comprehensive 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 − 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.com.