Risk Manager

The Risk Manager supports the Reinsurance Risk Management team by providing strategic oversight and technical expertise to ensure the effective operation of the risk management framework for Bermuda and North America Reinsurance entities. Reporting directly to the CRO Bermuda & North America, the position plays a key role in risk governance, reporting, and operational risk oversight - while ensuring adherence to AXA Group Standards, Policies, and regulatory requirements. The role involves collaborating across teams to refine risk frameworks, offering expert insights, and driving continuous improvement.

What you’ll be doing

What will your essential responsibilities include?

• Oversee and contribute to the preparation and review of risk reports, including Own Risk & Solvency Assessment (ORSA), stress testing and risk dashboards, ensuring accurate and comprehensive analysis of risk positions, developments and emerging threats.
• Collaborate with cross-functional teams (e.g., actuarial, underwriting, investments, finance, and compliance) and Risk Management centers of excellence to review, refine, and implement risk frameworks.
• Lead or contribute to the annual review and refinement of risk policies, risk appetite frameworks, and internal controls, ensuring they remain aligned with evolving risk environments and strategic objectives.
• Monitor and advise on regulatory guidance, collaborating with Compliance, and supporting the integration of regulatory requirements into risk frameworks.
• Lead or support key risk initiatives, including the review and enhancement of elements of the risk management framework, providing expert insights and strategic recommendations to the CRO.
• Support the continuous improvement of risk management processes through automation, data analysis, innovative solutions, and technological advancements. Proactively identify opportunities to streamline processes and promote operational efficiencies across risk functions.
• Provide self-supported risk assessments and second opinions on business strategies and profitability, contributing to strategic decision-making.
• Facilitate risk governance activities, including risk committee support, reporting, and documentation.
• Mentor and support junior members of the Risk team to foster their development and enhance team capabilities.
• Support the CRO in special projects, strategic initiatives, and risk management activities, as needed.
  
  

You will report to CRO Bermuda & North America, Reinsurance.

What you’ll bring

We’re looking for someone who has these abilities and skills:

Required Skills And Abilities

• Bachelor and/or Master’s degree in insurance/risk management, actuarial studies, finance, economics, mathematics or business administration
• Experience in the (re)insurance industry, preferably in risk management, underwriting, claims and/or actuarial
• Solid understanding of risk management techniques and practices
• Robust knowledge of ERM-related regulatory frameworks and requirements
• Critical thinking, analytical skills and meticulous attention to detail
• Excellent verbal and written communication skills
• Ability to coordinate and deliver cross functional projects involving multiple stakeholders across the group
• A continuous improvement mindset
  
  

Desired Skills And Abilities

• Proven experience managing a CISSA or ORSA submission process
• Robust technological skills including proficiency in data analysis and visualization tools such as Power BI
  
  

Who we are

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 comprehensive 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.

Learn more at axaxl.com

What we offer

Inclusion

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 enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and 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 axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

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 2023-26 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 axaxl.com/sustainability.

The U.S. base salary range for this position is USD 115,500 - 182,000.

Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.

At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details about AXA XL’s benefits offerings, please visit US Benefits at a Glance 2025.