Gurgaon, Haryana, IndiaWe 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. Currently, the collection and dissemination of information to our risk transfer counterparties (traditional reinsurers and alternative capital providers) is ad hoc and distributed. We would like to centralize the activity to improve the quality of the data and the efficiency of the process. The expectation is for more than just “data gathering” - the desire is for someone who can consider the disparate way in which we share information with our external risk transfer counterparties and improve the quality, consistency, and overall relevance of what is presented - our data “face” to the outside world.
What You’ll Be DOING
What will your essential responsibilities include?
- Execute, support and coordinate TRPM assessment and continuous monitoring service-related activities, including checking, reporting, tracking of corrective actions/status and related updates.
- Support the Head of TPRM Assessments & Monitoring in the overall management of third-party and outsourcing risk to support a continuous view of our third-party risk landscape across AXA XL; further developing your knowledge and specialist expertise in third party and outsourcing regulatory matters, to support AXA XL business areas in third party risk management controls and practices, while working to improve the third-party risk culture and strategies across the company.
- Document, maintain, refine and support execution of our TPRM Audit Review Plan that encompasses three different types of reviews (i.e., regulatory, pre-determined and red-flag) leveraging our supporting tools and processes; this includes developing all associated final reports, remediation plans/actions status, and reporting to various local/divisional 3rd governance committees.
- Document, maintain and coordinate execution of our TPRM risk-based, pre-determined audit reviews/assessments for our most critical third party, outsourcing/ICT arrangements and drive focused, corrective action as required to meet regulatory standards (e.g., DORA/CBI/FCA) and AXA.
- Document, manage and coordinate execution and continuous refinement of our TPRM continuous monitoring capabilities and supporting dashboards, tools, operational processes, risk tolerances and reporting; execute, support and coordinate escalations for any identified red-flag risk tolerance breaches, investigations, reporting and required remediation plans; harmonize the monitoring across the business to ensure we are focused on the right critical third-parties and playback the risk landscape to inform/support ongoing business strategies via the Vendor Management Office.
- Provide support and coordination with Legal & Compliance leads, ensure timely mitigation and reduction of third-party/outsourcing risk resulting from changing related regulatory requirements, audits and other gaps identified; facilitate gap analyses and spin up projects to ensure compliance; manage multiple stakeholders and engagement in these projects to ensure timely actioning; ensure third party/outsourcing regulatory horizon scanning process is in place.
- Close collaboration with TPRM Gov & Controls, GSP Sourcing/Ops, Vendor Management Office, Legal & Compliance and key regional COOs/CROs and business stakeholders.
- Engage and influence AXA XL business colleagues and stakeholders to ensure an adequate third-party risk culture is embedded across the business. Develop appropriate training material and support in the delivery of training sessions through various mediums to the relevant functions, colleagues and stakeholders as determined appropriate (e.g., GSP, SMEs, COOs).
- Document and maintain operational framework and supporting processes/procedures to ensure appropriate tools, automation, data, and analytics are in place to support and sustain our critical assessment/monitoring capabilities.
- Review and identify improvements in all process touch-points relative business feedback/requests and new/relevant industry standards, regulatory requirements, and best practices to remain agile/efficient in supporting the business.
- Document, maintain and support ongoing review/refinement of the key external data suppliers supporting our Continuous Monitoring Dashboard components (e.g., financial health, cybersecurity, sustainability and adverse media).
- Identify, promote and coordinate AXA Group Procurement TPRM related improvement themes and actions for AXA XL in this space.
You will report to Global Head of Third Party Risk Management.
What You Will BRING
We’re looking for someone who has these abilities and skills:
Required Skills And Abilities
- Highly knowledgeable in third party risk management (TPRM) domains and disciplines.
- Highly experienced in developing, assessing and monitoring compliance to established TPRM policies and related internal controls.
- Experience in implementing/maintaining TPRM assessment and continuous monitoring framework, capabilities and supporting operational controls and processes/procedures across key risk vectors (e.g., financial health, cyber security, sustainability, adverse media) in a highly regulated industry.
- Ability to effectively manage activities/collaborate globally across diverse teams, cultures and languages in a highly matrixed, smart working environment.
- Broader experience in risk management, advisory, consulting or audit disciplines is a plus.
Desired Skills And Abilities
- Ability to work with the following stakeholders: AXA Group Procurement/Risk Mgmt, GSP Sourcing & Ops Teams, Vendor Management Office, Business stakeholders/regional COO/CROs.
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.
