Capital Actuary - London, United Kingdom - AXA XL

Description

Capital Actuary

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 our XL Bermuda legal entity is adequately modelled and communicated. In particular this includes supporting engagement with the BMA for an Internal Model Approval Process.

DISCOVER your opportunity

What will your essential responsibilities include?

• Achieve and maintain approval of the Internal Model with the BMA.
• Manage delivery of regulatory capital assessments for XL Bermuda, including engagement with the BMA as required.
• Analyse and present such information from the Capital Model as may be required to support the decision making of the XL Bermuda, including bridging and explaining differences between Solvency II approaches and those of the BMA.
• Ensure adaptions to the AXA XL Divisional Internal Model meet the ongoing requirements of the BMA and maintain all relevant documentation.
• Identify potential areas of improvement for the model and ensure it continues to reflect the risk profile of the Bermuda entity.
• Support other Centres of Excellence within the Risk Management Department with analysis from the Capital Model as may be required to inform their processes.
• Communicate the output and methodology with other parts of AXA XL, including those with a non-technical background.
• Ensure governance processes are appropriately followed and data quality standards are met.
• Provide ad-hoc support to the divisional capital modelling team.

You will report to Head of Capital Modelling - Division.

SHARE your talent

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
• 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 strong 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 strong 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.

At AXA XL we are happy to talk flexible working. We are committed to building a diverse and inclusive workforce and consider flexible ways of working for every role. Talk to us about how we can make flexibility work for you.

Learn more at

Inclusion & Diversity

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It's about helping one another - and our business - to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
• Robust support for Flexible Working Arrangements
• Enhanced family friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at . AXA XL is an Equal Opportunity Employer.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our Sustainability strategy, called "Roots of resilience", focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We're committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action : We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.

For more information, please see