Financial Risks Validation Analyst â Internal Model Review (Madrid)

Gie Axa; Paris; Hybride; EUR 45 000 - 60 000; Plein temps

Résumé du poste

Au siège du GIE AXA, vous ferez partie de l'équipe IMR, participant à l'analyse des risques financiers pour le secteur de l'assurance. Ce rôle implique de travailler sur des projections ALM et de participer à des revues de modèles internes, ce qui vous permettra de contribuer à une gestion efficace des risques dans le groupe AXA. Rejoignez une entreprise innovante avec des valeurs fondamentales et un engagement envers la diversité.

Prestations

Mobilité interne et formation

Environnement de travail flexible

Culture d'entreprise forte et internationale

Qualifications

• Minimum 2 ans d’expérience en gestion des investissements ou des risques.
• Connaissances en assurance-vie, modélisation des risques et projections ALM.
• Capacité à travailler dans des équipes multiculturelles, autonome et proactif.

Responsabilités

• Analyser les projections des actifs et l’ALM dans le modèle d'analyse financière dynamique.
• Examiner les stratégies ALM dans le modèle interne.
• Conduire des discussions techniques avec des entités locales.

Connaissances

Analyse des risques financiers

Compétences en programmation (VBA, C, Python, R)

Gestion des actifs et ALM

Capacité d’analyse et de reporting

Formation

Diplôme en Mathématiques Financières, Ingénierie, Statistiques ou Études Actuarielles

Description du poste

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. We aim to provide opportunities that challenge, inspire, and reward them, creating a culture that's open, supportive, and empowering. We believe this is the secret to success and the best way to build a better world for 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 worldwide 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), making it a rich and stimulating place to work.

AXA is built around diversity and unity, which is why we promote collective success through inclusion.

GIE AXA SUCURSAL EN ESPAÑA is a branch of GIE AXA (Group headquarters) located in Spain. It is hosted in AXA's facilities in Madrid but operates independently from other Spanish entities. The Internal Model Review (IMR) department is part of Group Risk Management. The team was created to provide an independent opinion to regulators and the board of directors on the compliance and consistency of our Internal Model with Solvency II directives. IMR's objectives include:

• Providing a gap analysis on the compliance of local practices with Group instructions and Solvency II principles.
• Offering management an appropriate level of confidence in the quality and adequacy of Solvency II metrics reported by entities.
• Ensuring consistency of methodologies, processes, and tools across entities.
• Sharing best practices to improve metrics.

Your Mission :

As part of the IMR team, the candidate will participate in in-depth reviews of the Internal Model among AXA entities. Responsibilities include performing detailed analysis on assets and ALM projected cash flows in Life products, and analyzing Market, Credit, and Aggregation risks, ensuring alignment with Group requirements. The scope has recently expanded to include review of Group models.

Key accountabilities :

• Analyzing Assets and ALM projection in the DFA (Dynamic Financial Analysis) model for Life business, focusing on assets projection, risk-neutral simulations, investment income components, and investment fees.
• Reviewing the implementation of main ALM strategy components in the Internal Model, including Investment Strategy, Asset Allocation, Profit sharing, Management actions, and Time Value Options.
• Reviewing Market and Credit risk calculations for Life and P&C businesses, as well as the aggregation methodology for subrisk streams, including scope and local calibrations.
• Conducting technical discussions with local entities.
• Updating team methodology regularly, suggesting improvements, and designing new tests.
• Participating in follow-ups with reviewed entities.
• Contributing to Group Risk Management work streams.

Why AXA? Every day, we work together for human progress by protecting what matters — a mission that brings satisfaction and motivation.

AXA is a leading global insurer with 145,000 employees, operating in 51 countries, serving over 90 million customers. We are committed to social and environmental causes, promoting inclusion and diversity. If these ambitions resonate with you, join us in making a difference!

You will join :

• A responsible company committed to people and the planet
• A company with strong values
• An organization promoting internal mobility and training
• A company offering numerous benefits
• A flexible workplace with hybrid work options

The information provided by applicants will be treated confidentially and used solely for recruitment purposes.

The AXA Group headquarters fosters a strong international culture and brings together our corporate activities.

Qualifications

Education :

• Degree in Financial Mathematics, Engineering, Statistics, or Actuarial Studies

Experience :

• Minimum 2 years in Investment or Risk Management in an Actuarial/Valuation team or actuarial audit.
• Good knowledge of financial risks, risk models, and Life insurance business, especially Assets/ALM projections and Market & Credit risk valuation.
• Exposure to internal models, DFA tools, and regulatory environments (Solvency II, IFRS, etc.).
• Familiarity with programming languages like VBA, C, Python, or R is valuable.
• Ability to work in multicultural teams, proactive, autonomous, and capable of conducting interviews in English.
• Strong analytical and reporting skills, with a willingness to travel within AXA entities.

Key Skills

Employment Type: Full-Time

Experience: 2+ years

Vacancy: 1