Group IFC S2 Controller

Group IFC S2 Controller (240008ZX)

Primary Location

: FRANCE-92-PUTEAUX

Organization

: GIE AXA

Contract Type

: Regular

Shift

: Day Job

Schedule

: Full-time 

Description

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. And we’re always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture that’s open, supportive, and empowering. Because we know that’s the real secret to success – and the best way for us to keep building a better world for both our customers and the talented people who put them first.

Your work environment:

The headquarters of the AXA Group (GIE AXA) brings together our corporate activities. 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. The headquarters gathers approximately 1000 employees and is distinguished by its strong international culture (45 nationalities), which makes it a rich and stimulating place to work.

Within the Group, you will join the Group Risk Management which develops the risk framework in terms of limits/thresholds (financial, insurance and operational risks), standards, minimum requirements or processes, and oversees the operating entities’ adherence to the framework, supported by the local risk management teams. Risk management is coordinating the second line of defense.

Within the Group Risk Management family, you will be part of the Group Internal Control and Operational Risk team which is responsible for providing reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.

The internal control framework is covering a wide diversity of business areas and related risks with the objective to maintain risks within agreed risk tolerance and reduce operational losses. Each year, risk and control teams through the whole group are dealing with the reporting and management of 20000 controls, 2500 operational incidents and control failures representing €100M to €300M loss impact.

Within this Department, the Group Internal Financial Control (IFC) team is composed of three teams respectively in charge of Solvency 2, IFRS and Sustainability Reporting control programs. You will be part of the IFC Solvency 2 team.

As part of the Solvency II Directive requirements, the Internal Model developed by AXA is subject to the validation activities. The purpose of Validation activities is to provide assurance to the senior executive management and other internal stakeholders who base some decisions on the results of the model, that the Internal Model is fit for purpose and that model outputs and the Solvency Capital Requirement appropriately reflect the company’s risk profile. These validation activities are complemented by independent challenge, notably performed by Internal Financial Control (IFC) team, at local and Group level. The IFC Solvency II program is responsible for the assessment of the effectiveness of the internal control over the Internal Model validation framework based on the independent testing of processes and controls in scope, at least annually and before the numbers are released.

Your job and daily missions:

Core activities:

• Group IFC SII Program:
• Actively contribute to the IFC SII program Management for scoping, timelines, instructions, reporting.
• Take part in the review and improvement of the existing control framework (Risk and Control Libraries), supporting the teams in charge of the different risk modules (Risk Management teams for the STEC, PBRC Actuarial team for the EOF, PBRC Consolidation team for Pillar III)
• Contribute to the redaction of the different IFC SII reports and synthesis and participate to the post campaign analysis
• Ensure the ‘Liaison Manager’ or ‘Program Expert’ role of the entities assigned and develop synergies within the team for the transversal topics. Monitor some entities programs and particularly follow-up the deficiencies remediation (notably for the deficiencies coming from prior years). Support the assigned entities requiring some help in the final stage of their testing, conclusions, projects….
• Contribute to the “Community calls” (preparation and communication of key messages).
• Provide support and challenge to the local IFC functions for the SII program
• Challenge the entities for the enhancement of the data quality through their reports
• Group Support Functions IFC SII activities o Participate to the independent testing of processes and controls (including IT General Controls and EUCs) in scope annually and before the numbers are released, for the Group Support Functions (GRM and PRBC Actuarial) o Support the Group Support Functions Program Management (IT scoping, timelines, reporting).
• Contribute to the analysis of the Group Support Functions IFC SII results and conclusions.
• Support the Head of Group IFC for the regular liaison with external auditors.
• Develop a reinforced approach to improve the capacity to remedy the deficiencies identified and enhance the data quality (identify cross-cutting issues, promote solutions, etc.). Solicit Process Owners.
• Contribute to the support of the internal/external audit missions.
• Project management
• Participate and organize communication actions to raise IFC awareness within the Group (e.g. IC/IFC conference, IC guideline, IFC induction course) and facilitate IFC projects
• Coordination and management
• Support the manager of the team to manage the IFC team based in India, leading IFC work on behalf of AXA Group (defining the testing strategy, following up the testing progress, process and controls transfers…)
• Contribute to the relationship with the service providers (AXA GOBO & AXA GO: Budget, scoping agreement validation, SAS report review); work closely with them to ensure reporting quality and timeliness

Qualifications

Technical and professional skills

• Good understanding of the insurance business (organization, risks, processes and financial reporting) ; for internal candidates, some knowledge on the Internal Model would be a plus;
• Good knowledge on Solvency 2 regulation ;
• At least 3 years of experience in Control function (Audit, Risk Management, Internal Control), preferably in Insurance or Financial Services ;
• Experience in international and transversal project management ;
• Effective communication and writing in English (including conference meetings, presentation, reports, guidance, standards). French is a plus.

Interpersonal skills

• The person must be able to work in an international environment, with a great number of interlocutors ;
• He/she needs to have very strong relationship intelligence, to reach its objectives while maintaining an effective level of communication with his/her interlocutors;
• He/she must be reliable, proactive, flexible and curious;
• He/she must be result-oriented, able to anticipate and timely solve problems;
• Team spirit is a must, as well as positive mind-set.

About AXA Why AXA ? Every day, we work together for human progress by protecting what matters. A mission that puts a smile on your face and makes you want to get up in the morning !

One of the world’s leading insurers in the protection of property, people and assets, AXA is 145,000 employees and contributors who are committed to our customers on a daily basis, 51 countries in which we distribute our products and services and more than 90 million customers who place their trust in us worldwide. As a responsible corporate citizen, AXA is committed to social and environmental causes on a daily basis. We are committed to an inclusive policy that recognizes and values individual differences. Do these ambitions speak to you ? Then come and change the world with us !

The headquarters of the AXA Group is based in Paris – La Défense (Majunga Tower) and brings together the Group’s corporate activities. It is distinguished by its strong international culture.

What We Offer You will join:

• A responsible company, towards people, including its employees and customers, and towards the planet
• A company with strong values
• A company promoting internal mobility and the training of its employees
• A company offering many benefits (learn more here: Reward & Benefits vacanciesin.eu AXA Group)
• A flexible company, allowing hybrid work, in the office and from home.

The information provided by applicants will be treated as strictly confidential and used for recruitment purposes only.

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