United Kingdom Job Openings
AXA UK
Head of Third Party Assurance – Risk
Birmingham
August 28, 2024
About the role
The 1st line Enterprise Risk team is responsible for driving the Risk and Control agenda across the UK Health business. You'll play a key role in driving a robust and resilient risk culture, deepening the capability of the Health business to understand and manage its risk, particularly over third parties, whilst maintaining a strong and pervasive focus on positive business and customer outcomes.You'll lead in the oversight of third parties and the strengthening of the wider AXA Health control environment to ensure conduct and operational risks are managed. This'll include co-ordinating and conducting audits and deep dives over third parties and existing controls, strengthening and developing processes and controls, analysing key MI and reporting findings to the Executive Committee.
At AXA we work smart, empowering our people to balance their time between home and the office in a way that works best for them, their team and our customers. You'll work at least 40% of your week away from home at one of our office locations.
What you'll be doing:
- Responsible for co-ordinating an assurance plan and leading audits and deep dives across AXA Health departments.
- Provide responsive and agile support to the Health Ex Com on emerging risks, areas of concern and new third party strategic relationships.
- Mature the enterprise-wide controls assurance approach to deliver and continuously improve procedures, monitoring, reporting and governance processes to create and maintain consistent and best in class assurance protocols and testing programmes.
- Provide advice and guidance on best practice processes, controls and documentation with a focus on strengthening, simplifying and automating.
- Lead root cause analysis to assess systemic issues, high rated risk incidents and trends in KRIs. Provide recommendations for remediation approaches and enhancements to the processes and/or the control framework. Keep action owners accountable to ensure changes to processes and controls are made timely.
- Develop the team's skills and abilities by facilitating the sharing of best practice and knowledge.
- Form strong stakeholder relationships across the business, to ensure consistent understanding of risk, control and conduct related matters and engage across the three lines of defence, as appropriate, for topics under review.
- Lead engagement of Committees and Working Groups across the business and other relevant senior management teams in matters relating to third party risk management, controls development and assurance, using effective escalation when needed.
About you
What we’re looking for:- Demonstrated expertise in risk and control, supervision, quality assurance, control, internal audit and compliance monitoring processes.
- Deep understanding (or willing to build) of AXA’s control and third-party oversight standards and policies.
- Experience of managing IT General controls and third party assurance audits.
- In-depth understanding of relevant insurance/ Healthcare regulation and supervisory expectations for large complex financial institutions.
- Proven stakeholder management and influencing skills up to and including Executive level – ability to engage business teams on the value of assurance activity and influence buy-in of proposed solutions to issues.
- Superior verbal and written communication skills, and in particular ability to design and contribute to the content of key risk and control reporting.
- Commercial and pragmatic outlook, able to work at pace, respond quickly to change and remain delivery focussed.
- People management experience would be an advantage.
What we offer
At AXA UK, we’re appreciative of the people who work for us and our rewards package is reviewed regularly to reflect that. You can expect to receive:- Competitive annual salary circa £70,000 dependent on experience
- Annual company & performance-based bonus
- Contributory pension scheme (up to 12% employer contributions)
- Life Assurance (up to 10 x annual salary)
- 25 days annual leave plus Bank Holidays
- Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
- AXA employee discounts
- Gym benefits
#LI-Hybrid
About AXA
With a presence in over 60 countries, and 165,000 employees serving the needs of 107 million customers, AXA is big.But never too big to care for every single person who works here. So when you join us, we promise to put our collective might behind you and your career.
You’ll work in an open and supportive environment where you’ll be developed, challenged and encouraged to move around to achieve even bigger and better things – nationally and internationally. You’ll learn directly from senior leaders, from the best in our business. And you’ll enjoy real responsibility, really early on.
Every large company today talks about supporting diversity and inclusion. But at AXA UK, these values form an integral part of everything we do. For us, it’s about bringing together the best talent, helping people to realise their full potential by being 100% themselves at work and delivering outstanding service to everyone – regardless of difference.
At AXA Health, we help our members be the best version of themselves by providing access to health and wellbeing support for mind and body. We’re transforming our business by developing easy, efficient, digital experiences for our customers. We’re a collective of specialists passionate about helping our members flourish, whether that’s individuals and families, small businesses or huge corporates.
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