Senior Credit Risk Analyst
Senior Credit Risk Analyst
Zurich, London or Paris
The Senior Credit Risk Analyst within the Reinsurance Security Department (RSD) will be responsible for performing the counterparty credit risk assessment for Global Programs (including underlying captives) and Facultative reinsurance placements for the UK, Europe and Asia Pacific region. Will provide credit solutions to mitigate current and potential credit risk exposures across the portfolio while remaining in compliance with AXA XL’s Credit Risk Management Framework.
DISCOVER your opportunity
What will your essential responsibilities include?
- Assess the stand-alone financial performance and creditworthiness of counterparties on Global Programs and Facultative reinsurance placements for the UK, Europe, and Asia Pacific region.
- Recommend optimal credit solutions and risk rebalancing strategies to mitigate and diversify counterparty credit risk exposures.
- Support the preparation of monthly and quarterly reports on transaction referrals, collateral, security instruments, and other key data.
- Support and liaise with AXA Group Risk Management on the Short-Term Economic Capital (STEC) requirements for reinsurer credit risk and validate use of RSD internal ratings.
- Assist the Credit Security Officer in the aggregation and variance analysis of AXA XL’s external reinsurance recoverables by legal entity.
- Participate in training presentations to AXA XL underwriting community to support implementation of sound reinsurance security practices.
- Support the Credit Security Officer on special ad-hoc projects within the Risk Management and Ceded Re function.
You will report to the Credit Security Officer who is based in Zurich.
SHARE your talent
We’re looking for someone who has these abilities and skills:
Required Skills and Abilities:
- Qualification in Finance, Accounting or Economics with other professional certifications a plus.
- Extensive relevant work experience, in a financial role preferably from another insurer/reinsurer or a bank/financial institution.
- Detail-oriented team player with good analytical and problem-solving skills.
- Outstanding English communication skills required. Fluency in German and/or French a plus.
- Comfortable in a rapidly changing, dynamic environment.
- Proficiency in Excel, Word, PowerPoint, Access, and Visual Basics.
- Limited travel may be required
Desired Skills and Abilities:
- Good understanding and knowledge with in/reinsurance agreements, collateral instruments (i.e., Stand-by Letters of Credit (SBLC), Bank Guarantees (BG) and other legal financial contracts or documentation.
FIND your future
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
Inclusion & Diversity
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 a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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.
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 are 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
