Risk Manager, Singapore

at  AXA

RISK MANAGER

Singapore
The Risk Manager- Singapore will be responsible for identifying, measuring and overseeing financial, insurance, operational (including information and technology) risks in accordance with AXA XL Policies, processes and methodologies together with the Centres of Excellence (COEs); building a favorable environment – in terms of metrics/ standards but also culture - for business lines to write risks within defined Risk Appetite limits and ensure good relationship with local regulators and the local country manager on risk topics.
DISCOVER your opportunity

What will your essential responsibilities include?

• Ensure full implementation of risk governance, in line with AXA XL guidelines and local regulatory requirements for Singapore branch.
• Coordinating the 2nd line of defense to ensure a consistent approach is used on the various risk assessments performed in Singapore Branch.
• Identifying, measuring and overseeing local financial, insurance, operational (including information and technology) risks in accordance with the AXA XL policies, processes and methodologies together with the COEs (Centre of Excellence) and the regional Head of Risk Management.
• Supporting on the risk activities, as and where required, across the Asia region.
• Defining and monitoring of Risk Appetite framework on all risks categories based on a local decision process within local operating units, consistently with AXA XL Risk Appetite and local regulatory requirements to minimise losses and negative impact.
• Supporting the head office in providing relevant risk reporting to the head office risk monitoring committee.
• Building a favourable environment in terms of metrics, standards and culture to write risks within defined Risk Appetite limits.
• Ensure adherence to AXA XL’s risk management policies and for the development of the local ERM framework, participating in local and regional management committees, as applicable as required.
• Ensure risk management practices are well implemented in Singapore branch, including own local specificities/regulations.
• Define alert and limits for each category of risk through macro-statements and functional indicators, together with local specific stress scenarios, to be monitored on a quarterly basis within the Risk Appetite Framework in line with AXA XL framework and local needs.
• Support, when needed, independent second opinions on AXA XL’s material decision processes, like P&C new product/business, Transformation projects and Strategic Plan (to be completed as part of the Together for Asia strategy).
• Carry out an annual process to identify key operational risks considering all current and future activities envisaged in the strategic plan, to be monitored to ensure that the risk remains within operational risk appetite / tolerance levels and ensure a documented process is in place in order that all operational losses and incidents are escalated to head office.
• Follow-up on action plans deriving from internal and external independent reviews.
• Coordinate the Own Risk and Solvency Assessment (ORSA) process locally and contribute to regulatory local reports.
• Ensure constant dialogue with the business and supported by the emerging risks management framework for early detection of risks.
• Deliver Risk Training to key people and awareness campaign to employees.
• Support the roll-out and implementation of the Internal Control framework (governance, policy, procedures and processes) with the reinforcement of the second line of defense controls, in line with COE initiative, to identify key controls in all areas to be regularly monitored for decision.
• Build a solid relationship with local regulator (MAS).

You will report to Senior Risk Manager- APAC

SHARE YOUR TALENT

We’re looking for someone who has these abilities and skills:

• Bachelor’s degree in risk management, statistics, actuarial, economics, business administration or other related majors
• Proficiency in all Microsoft Office applications
• 7 years and above of work experience in the Insurance industry or similar relevant experience will be desirable
• Excellent networking and influencing skills
• Strategic thinker
• Ability to work within a complex regulatory environment
• Excellent negotiation skills
• Ability to interact with senior level leaders of the organization at multiple levels (AXA XL Division, legal entities)
• Ability to communicate with impact to senior level members of the organization
• Ability to collaborate effectively to find solutions within a matrix/complex organization
• Proactive nature to identify issues and opportunities and formulate/execute solutions
• Demonstrated experience in a complex matrix organization with numerous stakeholders, taking ownership and collaborating effectively to find solutions
• Proven ability in identifying and analyzing problems, creating good solutions, deploying sound decision making skills.
• Excellent verbal and written communication skills.in English
• Demonstrated ability to deliver quality results with tight deadlines

CORPORATE RESPONSIBILITY

At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world’s most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy – Our Impact. Our Future. – aligns key issues that are pertinent to our business – climate, water and financial resilience - and contributes to AXA Group’s purpose to “Act for human progress by protecting what matters.”.

• Climate: We’re reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.
• Water: We’re developing water resilience where it is — and will be — needed most.
• Financial resilience: We’re helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.
• Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our “Hearts in Action” programs.

For more information please see the Corporate Responsibility section on our website.

What will your essential responsibilities include?

• Ensure full implementation of risk governance, in line with AXA XL guidelines and local regulatory requirements for Singapore branch.
• Coordinating the 2nd line of defense to ensure a consistent approach is used on the various risk assessments performed in Singapore Branch.
• Identifying, measuring and overseeing local financial, insurance, operational (including information and technology) risks in accordance with the AXA XL policies, processes and methodologies together with the COEs (Centre of Excellence) and the regional Head of Risk Management.
• Supporting on the risk activities, as and where required, across the Asia region.
• Defining and monitoring of Risk Appetite framework on all risks categories based on a local decision process within local operating units, consistently with AXA XL Risk Appetite and local regulatory requirements to minimise losses and negative impact.
• Supporting the head office in providing relevant risk reporting to the head office risk monitoring committee.
• Building a favourable environment in terms of metrics, standards and culture to write risks within defined Risk Appetite limits.
• Ensure adherence to AXA XL’s risk management policies and for the development of the local ERM framework, participating in local and regional management committees, as applicable as required.
• Ensure risk management practices are well implemented in Singapore branch, including own local specificities/regulations.
• Define alert and limits for each category of risk through macro-statements and functional indicators, together with local specific stress scenarios, to be monitored on a quarterly basis within the Risk Appetite Framework in line with AXA XL framework and local needs.
• Support, when needed, independent second opinions on AXA XL’s material decision processes, like P&C new product/business, Transformation projects and Strategic Plan (to be completed as part of the Together for Asia strategy).
• Carry out an annual process to identify key operational risks considering all current and future activities envisaged in the strategic plan, to be monitored to ensure that the risk remains within operational risk appetite / tolerance levels and ensure a documented process is in place in order that all operational losses and incidents are escalated to head office.
• Follow-up on action plans deriving from internal and external independent reviews.
• Coordinate the Own Risk and Solvency Assessment (ORSA) process locally and contribute to regulatory local reports.
• Ensure constant dialogue with the business and supported by the emerging risks management framework for early detection of risks.
• Deliver Risk Training to key people and awareness campaign to employees.
• Support the roll-out and implementation of the Internal Control framework (governance, policy, procedures and processes) with the reinforcement of the second line of defense controls, in line with COE initiative, to identify key controls in all areas to be regularly monitored for decision.
• Build a solid relationship with local regulator (MAS)

At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world’s most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy – Our Impact. Our Future. – aligns key issues that are pertinent to our business – climate, water and financial resilience - and contributes to AXA Group’s purpose to “Act for human progress by protecting what matters.”.

• Climate: We’re reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.
• Water: We’re developing water resilience where it is — and will be — needed most.
• Financial resilience: We’re helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.
• Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our “Hearts in Action” programs