Product, Pricing & Underwriting Risk Manager

AXA; Greater Manchester; Hybrid; GBP 65,000 - 90,000; Full time

Job summary

AXA UK is seeking a Product, Pricing and Underwriting Risk Manager to support Distribution, Product, Pricing and Underwriting teams. You will embed risk practices, ensure effective controls, and promote a risk-aware culture across the business.

Key responsibilities include maintaining risk libraries, delivering risk MI, and supporting risk initiatives. The role requires experience in insurance, strong analytical skills, and the ability to influence senior stakeholders.

Qualifications

• Proven experience in risk management within insurance or financial services.
• Understanding of product development, pricing strategies and underwriting risks.
• Knowledge of FCA/PRA requirements and risk frameworks.

Responsibilities

• Embed risk management framework within Product, Pricing and Underwriting teams.
• Maintain risks, controls and action plans in risk libraries.
• Facilitate RCSAs and drive risk-informed decision making.
• Develop risk MI and reports for senior management.

Skills

Risk management

Insurance/FS knowledge

FCA/PRA knowledge

Stakeholder influence

Data analysis

MI reporting

Coaching/leadership

Organisational skills

Communication

Job description

About AXA:

AXA is a global leader in insurance and financial services, dedicated to helping customers protect what matters most to them. As the sixth-largest insurance company in the world, we provide a wide range of services, including health, car, home, and business insurance. We support millions of customers worldwide, helping them navigate life's uncertainties with confidence.

AXA Insurance UK, formed by uniting our Commercial and Retail teams under a single leadership, strengthens our core capabilities and our commitment to exceptional customer service

Job overview:

We're seeking a Product, Pricing and Underwriting Risk Manager to support AXA Insurance's Distribution, Product, Pricing and Underwriting teams. Reporting to the Product, Pricing and Underwriting Risk Lead, you'll help embed effective risk practices, ensure controls are fit for purpose and promote a risk-aware culture across our Insurance Product, Pricing and Underwriting Teams. Your role will focus on managing risks across product lifecycle, pricing strategies and underwriting activities, to support fair customer outcomes and strengthen risk maturity across the business.

Key responsibilities:

• Support the implementation and ongoing embedding of the AXA UK Enterprise Risk Management Framework within Product, Pricing and Underwriting teams, ensuring controls, policies and processes are consistent and effective.
• Assist in maintaining risks, controls and action plans within the UK Risk Library, ensuring timely updates and transparency.
• Facilitate completion of Risk and Control Self Assessments (RCSAs), working with risk owners to assess risk tolerance and develop appropriate path-to-tolerance actions.
• Collaborate with Product, Pricing and Underwriting teams to identify, assess and mitigate risks, supporting the design and testing of controls to manage risk exposure.
• Develop and deliver risk MI and reports to support decision-making, risk prioritisation and activity planning.
• Support the delivery of initiatives from the FutureGen Risk programme, ensuring they meet milestones and enhance risk maturity.
• Work with Line 2 Risk to ensure consistent application of the risk framework, promote best practices and embed a proactive risk culture.
• Support risk owners in managing third-party oversight and ensure controls are aligned with policies and standards.

Work arrangements:

At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least two days a week (40%) away from home, moving to three days a week (60%) from January 2027. Away from home means attending the office, visiting clients or attending industry events.

Your skills & experience:

• Proven experience in risk management within insurance, financial services or Product, Pricing and Underwriting functions.
• Strong understanding of product development, pricing strategies, underwriting risks and associated controls.
• Knowledge of FCA/PRA requirements and operational risk frameworks related to conduct and product risks.
• Ability to influence senior stakeholders and build collaborative relationships across multiple teams.
• Excellent data analysis and MI development skills, capable of translating large data sets into clear insights.
• Skilled in coaching and developing teams, fostering a risk-aware and customer-centric culture.
• Strong organisational skills with attention to detail, capable of managing multiple priorities effectively.
• Confident communicator, able to facilitate discussions and deliver impactful reports at senior management forums.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics.

If you have a long-term condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge.

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