Associate Consultant, Operational Risk

Gurgaon, Haryana, India

We invent the new to help the world move forward. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients' potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. Operational Risk & Control has a mission to help Operations Management effectively identify and manage key operational risks through implementation of an integrated internal control framework and risk management strategy across Operations. Our aim is to support Operations colleagues through targeted, risk prioritized, control activities focusing resources on areas where risk is higher and ensure the value of control efforts is maximised.

What You'll Be DOING
What will your essential responsibilities include?

• Supporting all Middle Office teams in their successful compliance with best practice internal control standards and regulatory requirements (also known internally as Internal Financial Controls ("IFC")), including executing follow-up and tracking procedures.
• Providing key support for Operational Risk activities, particularly monthly Dashboard reporting to Middle Office management.
• Responsible for the operation of and reporting on centralized controls for Middle Office and ESS, such as payment authority levels, write off limits, segregation of duties for system access etc.
• Scoping, testing, and assessing changes to existing IFC or other control reports whether driven by user request, changes in business processes/ systems or external environment e.g., legal entity changes. Key responsibility for data testing, reconciliation, and documentation.
• Responsible for maintaining Business Process Documentation for IFC and other centralized controls and ensuring timely completion/ sign off by stakeholders.
• Supporting Middle Office colleagues in their use of key control tool, including managing accesses, updating team structures and training.
• Participating in and providing support to risk monitoring and control related activities for any processes within Operations functions as required.
• Providing collaborative support and training on day to day activities for less experienced team member(s).

You will report to Operational Risk & Control Lead.

What You Will BRING
We're looking for someone who has these abilities and skills:

Required Skills And Abilities

• Understanding of Operational Risk and principles behind effective control design and operation.
• Excellent Excel skills; sound knowledge of Microsoft Office products including PowerPoint.
• Data handling and analytical skills. Ability to extract and present data effectively, aligned with business priorities to provide appropriate insights to management.

Desired Skills And Abilities

• Good attention to detail, able to analyze and identify discrepancies, and pursue through to adequate conclusion.
• Ability to perform root cause analysis and subsequent remediation planning.
• Ideally knowledge of Policy Admin systems - Frame and GENIUS.

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

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 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 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