Internal Financial Controller – Solvency II

Location 75-PARIS, France
Experience level Experienced Hire
Job details sector Finance, Control and Strategy
Apply before 09/30/2017
The role of the Group Internal Financial Control (IFC) team is to ensure the effectiveness of internal control over financial reporting for the AXA Group (under IFRS), and manage its yearly certification. The Group IFC programme covers the main entities of the Group in terms of assets, operating income and risk exposure.
Since 2014, the Group IFC team has extended the IFC framework to Solvency II topics, i.e. processes participating to the calculation of AFR (Available Financial Resources) and STEC (Short Term Economic Capital), including governance aspects such as Use Test, Model Change Policy or Data Quality. At FY15, 24 entities were in scope for IFRS and Solvency II. 
Job position
Within the Group IFC team, the candidate will be part of the Solvency II team, in charge of monitoring the IFC Solvency II programme. The role of the team is to provide an independent opinion of the effectiveness of internal control over Solvency II that will be part of the internal model validation framework. 
Main responsibilities
As the part of the IFC Solvency II team, the candidate will have to:
  • Actively participate to the monitoring of the IFC framework on Solvency II Pillar I topics (AFR and STEC processes):
    • Be in charge of assigned AFR/ STEC stream(s) (i.e. Life, P&C, Market and Credit. Operational and Aggregation), appropriate the ownership, participate to the review and the improvement of the control framework (Risk and Control Matrices- RCMs) together with the teams in charge of different streams (mainly risk management and PBRC teams)
    • Support and monitor the entities in the overall review of their local control framework as well as in in the remediation of their deficiencies
    • Be a liaison manager for the entities assigned, become the main point of contact with regards to Pillar I, Pillar II and IT related and all transversal topics, and monitor them via a dedicated monthly reporting during the certification period
    • Support the manager of the team in terms of training preparation, knowledge sharing and communication on IFC/Solvency II topics
    • Participate to the set-up of ICON for the IFC/Solvency II framework at both Group and entity levels
  • Be in charge of dedicated Pillar II streams (Use Test, Data Quality, Model Change and ORSA) depending on the experience and the expertise
  • In addition to the IFC / Solvency II framework, be involved in the traditional IFC / IFRS program in order to understand the methodology, the principles and quickly be able to support the rest of the team; the objective being after a period of adaptation to become a “liaison manager” for one of the entities in the IFC scope
  • Participate and organize communication actions to raise IFC awareness within the Group (e.g. IFC working days, IFC manual, IFC induction course) and facilitate IFC extension projects

  • At least 4-5 years’ experience in transversal project management within Finance or Risk Management, an audit background is an advantage;


Technical and professional skills (technical expertise):

  • Knowledge of the insurance business (organization, processes and financial reporting)
  • Good understanding on Solvency II aspect
  • Good understanding of the Internal Model of AXA would be appreciated
  • Good understanding of internal control concepts
  • Effective communication and writing in English (including conference meetings, presentation, reports, guidance, standards)
  • Proven experience in an international and transversal project;


Soft skills and competencies:

  • Appetence to work within an international and intercultural environment
  • Organizational skills
  • Reliable, proactive, flexible and curious.
  • Result-oriented, able to anticipate and timely solve problems
  • Team spirit is a must, as well as positive mind-set.
  • Project management and change management capacities
  • Ability to interact with multiple stakeholders

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.
The headquarters of the AXA Group, based in Paris 8th, brings together the Group's corporate activities. It coordinates the various entities with the Group's strategy, and is responsible for managing international projects. The headquarters has approximately 800 employees and is distinguished by its strong international culture (39 nationalities).