Capital Analyst in London

Location: London
Salary: Hidden
Recruiter: AXA Group
Job Hours: Full-time

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Capital Actuary (Division)

London, UK

AXA XL is the Property & Casualty risk division of AXA, created from the acquisition of XL Catlin in 2018. We partner with mid-sized to multinational clients to take their business further, with more than 30 lines of business to offer solutions for existing and emerging risks. With 9,000+ colleagues based in approximately 30 countries we are able to serve clients in more than 200 countries*.

The key purpose of the role is to support the Head of Capital Modelling – Division in ensuring that the risk profile of the AXA XL Division is adequately modelled and communicated.This includes supporting engagement with AXA Group and the ACPR on capital issues in respect of the AXA XL Division such as the annual SCR assessment process.

DISCOVERyour opportunity

What will your essential responsibilities include?

  • Support the Head of Capital Modelling – Division in the development and maintenance of an internal capital model for AXA XL that reflects AXA Group standards.This includes support, review and challenge of parameterisation processes, validation of model output maintenance and optimisation of model code and model documentation.
  • Subject matter expert on the manmade catastrophe modelling, responsible for leading the expert judgment processes including the maintenance of backtesting tools and liaising with teams across AXA XL to set, review and challenge the parameters and assumptions.
  • Oversee the modelling processes which produce output for the risk appetite framework, the business plan second opinion and the future year end projections of required capital.
  • Manage the main risk category aggregation processes of the internal capital model, including the production of presentations for clearance meetings.
  • Coordinate our engagement with third party validators of the internal capital model, including organising findings, gathering evidence, forming ways to address findings and liaison with the validators.
  • Coordinate our engagement with AXA Group and across AXA XL on formally governed model changes for the internal capital model.
  • Communicate the output and methodology with other parts of AXA XL, including those with a non-technical background.
  • Develop and optimise the model output shared with key model stakeholders and ensure these are fit for purpose, meet the requirements of the business, and used appropriately.
  • Respond to queries or ad hoc investigations regarding the capital or underlying risk position of the AXA XL.
  • Support for other entities within AXA XL using output from the internal capital model.
  • You will report to Head of Capital Modelling - Division.

    SHARE your talent

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

  • Demonstrable track record in capital modelling or other simulation-based modelling role
  • Curious, inquisitive, innovative and open to new ideas
  • Excellent attention to detail
  • Competent ReMetrica user (preferred, but could have skills in other equivalent modelling software)
  • Highly numerate and analytical with very good academic record
  • Good written and verbal communication skills
  • SQL and R coding skills beneficial
  • A self-starter with organizational skills
  • FIND your future

    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.

    Inclusion & Diversity


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