Risk Management Analyst
Job Description
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.
Skills
Education / Certifications: Bachelor's Degree in Mathematics, Statistics, Actuarial Science (preferable) or Engineering. Actuarial exam passes are a plus. 0-3 years in Risk Management, Actuarial or another technical functions in an insurance, reinsurance or consulting company.
Job Qualifications:
Highly numerate, analytical and attentive to detail. Basic technical skills with the ability/willingness to learn different aspects of risk management. Excellent English and Arabic language skills (Verbal and Written) Basic knowledge of Enterprise Risk Management (ERM) concepts and insurance industry risk management requirements. Basic knowledge of financial analysis Basic understanding of all AXA Egypt’s products and policy conditions Basic knowledge of MS Office (especially Excel) Knowledge of Access, VBA, SAS and R is a plus Basic Awareness of emerging risks arising out of business practices or from the country. Basic judgment on regulatory changes that has any direct impact on the company's risk management initiatives. Basic understanding of Life and P&C actuarial concepts, analysis and modeling. Basic knowledge of risk assessment and quantification methodologies followed to manage enterprise risks.
Soft Skills & Behavioral Competencies:
Customer focus & Time management skills. Teamwork 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. Relationship management skills to deal with the different stakeholders locally and across the Group.
Job Location Egypt Job Role Accounting/Banking/Finance Years of Experience Max: 3 Residence Location Cairo, Egypt
