Risk Management Analyst

Job Description

• Support in building and promoting a Risk Culture in AXA Egypt.


• Perform/Check data quality checks on data used in different processes.


• Document, review and regularly update risk management procedures and company policies.


• Contribute heavily in the preparation of structured risk management update reports to the ExCom/ARCC/Audit Committee.


• Contribute heavily to the implementation of the Maturity Models.


• Produce/check a risk management opinion on large accounts, partnerships, bancassurance deals and annual strategic plans.


• Participate heavily in work required to set up the risk appetite framework in line with the local requirements and AXA group standards.


• Conduct quantitative studies of risk and profitability as well as review pricing tools in the context of Product Approval Process.


• Conduct reserving calculations to ensure the appropriateness of reserves.


• Contribute heavily to the review of reinsurance programs to confirm retention and cover appropriateness through stress tests.


• Contribute heavily to the process of measuring accumulation of exposure and monitoring it on a regular basis.


• Review and challenge profitability reports and key metrics of the in force business.


• Develop second opinion on Asset Liability Management (ALM), Strategic Asset Allocation (SAA) and Investment Approval Process (IAP) studies.


• Review the capital allocation and solvency requirements in line with AXA Group and local requirements through stress tests.


• Facilitate the identification, categorization, assessment, prioritization, creation of action plans and regular update of potential and emerging local risks in line with the regulatory requirements and AXA group standards.


• Coordinate heavily the regular reporting of Loss Data Collection (LDC)


• Work on the establishment and monitoring of Key Risk Indicators.


• Coordinate with IT regarding implementation of information security, business continuity and disaster recovery plans.


• Produce a risk management opinion on critical IT projects.


• Coordinate with the communication department on management of reputation risk.


• Conduct/check qualitative assessment of operational risks in the context of Product Approval Process.


• Conduct Internal Control Processes review.


• Assist other areas of the business with tasks/projects as required.


• Perform all other duties assigned by manager.

Skills

• Bachelor Degree in Mathematics, Statistics, Actuarial Science (preferable) or Engineering.


• ‎3-‎6 years in Risk Management, Actuarial or another technical functions in an insurance, reinsurance or consulting company


• ‎3-‎5 Actuarial exam passes


• Highly numerate, analytical and attentive to detail.


• Intermediate technical skills with the ability/willingness to learn different aspects of risk management.


• Excellent English and Arabic language skills (Verbal and Written)


• Intermediate knowledge of Enterprise Risk Management( (ERM) concepts and insurance industry risk management requirements.


• Basic knowledge of insurance industry dynamics and operational intricacies.


• Basic knowledge of Egypt risk management regulations.


• Basic understanding of the current and developing regulatory capital framework (e.g. Solvency II)


• Intermediate knowledge of financial analysis


• Intermediate understanding of all AXA Egypt's products and policy conditions


• Basic knowledge of systems and business operations.


• Intermediate knowledge of MS Office (especially Excel)


• Knowledge of Access, VBA, SAS and R is a plus


• Intermediate Awareness of emerging risks arising out of business practices or from the country


• Intermediate judgment on regulatory changes that has any direct impact on the company's risk management initiatives


• Intermediate understanding of Life and P&C actuarial concepts, analysis and modeling


• Intermediate knowledge of risk assessment and quantification methodologies followed to manage enterprise risks
  Soft Skills :


• Customer focus.


• Team work with proactive attitude


• Strong Communication & Professionalism (Verbal and Written)


• Solution oriented and self-organized


• Highly motivated and able to work on various projects, in a highly demanding environment with various stakeholders


• Basic ability to challenge various teams and express valid arguments to support findings, opinions and recommendations


• High agility to learn quickly, become productive in new environment and capitalize on past experiences


• Ownership of assigned work and high level of commitment


• Time management skills


• Relationship management skills to deal with the different stakeholders locally and across the Group.

Job Details

Job Location
Cairo, Egypt
Job Role
Information Technology

Preferred Candidate

Career Level
Mid Career
Years of Experience
Min: ‎3 Max: ‎6