Risk Management Analyst

Job Purpose:

A Risk Management Analyst is primarily responsible for identifying, assessing, and mitigating potential risks that could impact the company's financial performance, reputation, or operations.

Key Responsibilities & Accountabilities:

• Participate in building and promoting a Risk Culture in AXA Egypt. Perform data quality checks on data used in different processes.
• Document, review and regularly update risk management procedures and company policies.
• Contribute in the preparation of structured risk management update reports to the ExCom/ARCC/Audit Committee.
• Contribute to the implementation of the Maturity Models.
• Produce a risk management opinion on large accounts, partnerships, bancassurance deals and annual strategic plans.
• Participate 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 to the review of reinsurance programs to confirm retention and cover appropriateness through stress tests.
• Contribute to the process of measuring accumulation of exposure and monitoring it on a regular basis. Contribute to the development of 2nd opinion on Asset Liability Management (ALM), Strategic Asset
• Allocation (SAA) and Investment Approval Process (IAP) studies.
• 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 the regular reporting of Loss Data Collection (LDC)
• Support in 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.
• Conduct 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.