Group Internal Auditor – Life Actuarial & Modelling - (F/H)

Job description

The AXA Group, world leader in Financial Protection, supports and advises its individual and corporate customers at every life stage, providing them with the products and services that meet their insurance, personal protection, savings and wealth management needs.

Our areas of expertise are reflected in a range of products and services adapted to the needs of each client in three major business lines: property-casualty insurance, life & savings, and asset management.
Present in 64 countries, the 161,000 employees and distributors of AXA are committed to serving 103 million clients.

AXA Corporate Center's main missions are to:

· Steer the entities to ensure the coherence of the strategies, the consistency of the commercial approaches as well as the optimization of the risks and results;
· Defining and coordinating Group policies, different transversal projects and standards, identifying and sharing best practices;
· Supporting the entities to help them to grow, to develop their offer, their management and steering standards as well as their risk management.

The AXA Group's head office, based in the 8th arrondissement in Paris, accounts for around 900 employees. With 49 nationalities among its staff, a distinguishing trait of the head office is its strong international atmosphere.

Direction Presentation:

Group Internal Audit monitors and reviews the effectiveness of the internal control and risk management framework operated within the Group and directs the global internal audit teams to accomplish its objectives of providing independent and objective assurance on the effectiveness of risk management, internal control and governance processes. The Head Office team performs internal audit reviews of Head Office as well as coordination of transversal reviews performed across the world by local internal audit teams and occasionally performing certain audit missions or investigations in other parts of the Group.

Core activities:

Internal Audit reviews of life actuarial topics

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To conduct internal audit reviews of Corporate Centre (Group functions) covering more particularly Risk Management and life actuarial topics with proactive update and feedback to the manager; The candidate will notably work on market and credit risks solvency capital requirement computation; the review of the Economic Scenarios Generator used to generate both real word and risk neutral scenarios and the process of aggregating risks;

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To perform advanced fieldwork activities including replicating of deterministic cash flows using excel-VBA where required;

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To assist internal audit teams of subsidiaries if needed when auditing life actuarial related topics;

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To document audit work in our internal audit tool in accordance with standards;

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To draft audit report making recommendations on internal controls, operating efficiencies and governance processes being reviewed;

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To communicate audit results to senior management team members and business line management;

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To follow up audit findings and recommendations and monitor management's response and implementation;

Audit Standards:

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Develop and maintain audit programs on Risk Management themes (framework, reporting, models, reinsurance, etc.);

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Help ensuring that the highest operational standards are consistently adopted across the Group;

Other

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Develop and maintain professional relationships with management;

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Assist in developing training programs on Risk Management subjects that may be of wider interest to the audit community;

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Provide assistance to the Business & Risk Audit forum, preparing presentations on relevant topics as needed;

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Partner with the business to identify and analyze the inherent risks in the Corporate Centre of the life, saving and health business; discussions with the Corporate Centre Top Management will also include the adequacy of controls to address inherent risks to ensure that Internal Audit is regarded as a value-added function;

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Identify training needs with respect to Risk auditing approaches, tools and techniques and remain current through an on-going commitment to participation in learning and development;

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Participate in ad-hoc projects bringing technical expertise as determined by the Global Head of Finance and Risk audit

Desired profile

Qualifications :

Education:

Graduate specialising in Finance, Accounting, Actuarial or Auditing

Experience:

Minimum of 5-year experience in a big 4 company or in life Risk Management / life actuarial modelling activities.

Other skills:

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Proficient in nglish and French (both essential)

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Strong technical understanding of life insurance including actuarial models , Risk Management core concepts & methodologies

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Strong analytical skills, with proven ability to perform audits on technical risk management concepts

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Sturdy qualitative risk based thinking and problem-solving skills

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Professional certification would be a +

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High level of computer literacy

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Willing to travel for up to 20% of time

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Good understanding of Solvency and IFRS17 would be highly valued

Soft skills:

The applicant must:

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Show a great ability to listen, a critical mind, a good analytical sense as well as capacity for synthesis;

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Be able to deal with sensitive and confidential audit issues using developed discretion and judgment, while maintaining independence and objectivity;

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Demonstrate capacity to anticipate obstacles and think about next steps;

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Possess strong (oral and writing) communication skills, ability to convince of the value of his / her opinions;

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Be result oriented with ability to focus on detailed tasks to achieve specified outcomes;

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Be concerned with service quality and implementation / follow up;

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Be able to work autonomously, be objective and rigorous in his / her approach.