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Type of Role: InvestmentsRisk

Experience Level: Managing Director/CIO

Location: Greenwich, Connecticut

Salary: $423K - $648K

Axa is a French multinational insurance company headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services. The Axa Group operates primarily in Western Europe, North America, the Indian Pacific region, and the Middle East, with a presence also in Africa. Axa is a conglomerate of independently run businesses, operated according to the laws and regulations of many countries. It is a component of the Euro Stoxx 50 stock market index.

As a future US Chief Risk Officer, you will report to Global Head of Senior Expertise Risk Managers CORE, and you will be part of AXA IM General Secretary.

DISCOVER your opportunity

As part of the SERMs team, regional CROs are independent risk management experts within the independent Global Risk Management (GRM) team, specialised by investment platform and by regional regulatory environment, with a broad mandate to provide an independent oversight of all key risks in each investment platform and region which they may be directly or indirectly exposed to, and to act as the key contact point between the platform, the local organisation and the rest of GRM. Within this mandate, Regional CROs provide risk assessments on existing and new business, review investment processes, perform liquidity, capacity and performance reviews, and report on significant risk matters to relevant governance bodies.

The US Chief Risk Officer conducts local oversight over the US Core (US Fixed Income) and Alt activities (Structured Finance and Real Assets). The US CRO collaborates with the Paris based risk team covering Alternatives to have a shared view of the Structured Finance and Real Asset activities in the US.

Your role and responsibilities will include:

  • Ensures that the risk management framework is implemented across the full scope of activities conducted in the US, covers all regulatory and internal requirements and conforms to industry best practices, including local and global requirements which the business operates.
    • Manages the risk management program, according to global and local standards, highlights key risks of the US investment platform and provides appropriate reporting to the relevant local and global governance committees.
    • Coordinates investment risk management oversight, including portfolio management activities and periodic investment reviews with the investment teams covering US Fixed Income and participates in relevant first line investment or controls committees. Ensure full and systematic coverage of Investment risks such as liquidity, counterparty, as well as valuation and best execution risks. Escalates potential risks to both local and global governance/senior management (e.g. in relation to changes in the macro backdrop)
    • Reviews and validates new business or new product proposals covering US Fixed Income. Provides an independent assessment of the risk / return profile of new funds and mandates as well as the funds/mandate compliance with investment processes.
    • Coordinates operational risk management in relation to the Americas business, including periodic risk assessments, risk heat maps and controls plans; incident escalation and resolution; internal and external audit matters, review of critical business processes; and business continuity. Contribute actively to Global Operational Risk initiatives.
    • Collaborates with the Alternatives SERM team to have a full understanding of the risk team approach on Americas Alternatives business, both receiving the necessary information in order to represent the Risk view to local governance, and providing local back-up/ support/ information to the Alternatives SERM team on the relevant activities in the US.
  • In collaboration with the compliance and legal functions, maintains an appropriate risk management framework, address regulatory requests and audits, anticipates and implements changes to the regulatory and business environment, and ensures consistency with the AXA Group and AXA IM Standards and any applicable risk related regulations.
  • Contribute to the continuous Target letter process for the US Fixed Income scope.
  • Provides senior management both within GRM and the local entity with an independent view of consolidated risks under scope. Reports periodically to the US Board on risk management matters and to Global Risk Committee and represents Risk Management in relevant local governance committees.
  • Oversees the Investment Guidelines activity in Greenwich and liaises with the global IG team on the scope and service delivered to the platform in scope.
  • Manages, supports, grows the team of Risk and Investment Guidelines professionals responsible for investment, operation and business risk management.

Relationship with Investment/management teams

  • Be the GRM link with the investment teams and regional senior management of the Investment Platform and entities
  • Represent GRM at 1st and 2nd level control committees / forums to which the CRO is a participant or attendee
  • Channel GRM’s position on the asset classes under scope at relevant global and local governance committees and boards.

Leadership role within GRM

  • Provide Operational Risks teams, Investment Risks Analysts and relevant SERMs with high-level insight on key risk areas, mitigation plans, methodologies and frameworks in relation to the scope of assets under oversight by the CRO
  • Drive risk teams’ analysis in coordination with Department Heads or relevant hierarchical managers
  • Develop and maintain “investment platform understanding” within GRM teams
  • Be the Global Risk Management contact for US regulators and represent Risk in client pitches and due diligence meetings
  • Manage and develop the team risk and IG professionals in the US. Provide support and provide feedback in the appraisal and compensation setting process for the US risk team.

Your Profile

SHARE your unique expertise

We Welcome Different Combinations Of Skills & Experiences.

Your qualifications and experience:

  • Master Degree educated, ideally in a subject with a strong financial and/ or quantitative element
  • Deep knowledge of various investment products and strategies (at least fixed income, with knowledge of Structured Finance and Real Assets a strong plus)
  • Significant experience in the Asset Management industry (ideally 10 years plus); previous experience in a hands-on risk role mandatory, while prior experience as an investment manager would be a plus

Your knowledge and skills:

  • Excellent interpersonal and communication skills, displaying confidence and integrity
  • Pragmatic outlook to managing risk, balancing the requirement to be independent with the proven ability to work with the first line to achieve solutions in a risk appropriate manner
  • Ability to learn very quickly and act in a self-sufficient manner
  • Ability to articulate and present complex issues to a non-expert audience
  • The US CRO must demonstrate a high degree of ethics, should be comfortable representing an independent Risk Management view and challenging the business as well as have the interpersonal skills to do this in a productive manner.

We would love to know more about you. Let’s connect! Send us your resume.

About AXA

Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life? Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA – a leading global brand and one of the most innovative companies in our industry – onto even greater things. In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.

About The Entity

At AXA IM we are investing with a clear purpose – to make the world a better place. We act for human progress by investing for what matters. Our conviction-led approach enables us to uncover what we believe to be the best global investment opportunities across alternative and core asset classes. We are already entrusted by our clients with more than €887 billion in assets.

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AXA IM is an Equal Opportunity Employer, and we encourage candidates with disabilities or any other protected characteristic to apply. We are committed to providing reasonable accommodation to qualified applicants and employees with disabilities, when needed, to apply for a position or to perform essential job functions.

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What We Offer

We are committed to offer you an environment where you can:

  • Grow your potential: be part of a forward-thinking business with internal opportunities and personalized learning paths available to help constantly develop your skills and abilities.
  • Shape the way you work: work for a company which is highly committed to providing flexibility & balance to its employees, offering you a large range of benefits (hybrid working, competitive health benefits, among many others.).
  • Thrive within a diverse community: play a role within a responsible company that actively recognizes and values individual differences in a diverse and inclusive workforce.
  • Move the world forward: join a responsible employer that acts in favor of societal and environmental causes as an investor, insurer and company, notably through the AXA Heart in Action association. As part of our commitment to sustainability and environmental responsibility, we will celebrate your arrival by planting a tree.