Internship in Asset & Liability Management

Location 75-PARIS, France
Experience level Internships
Job details sector Finance, Control and Strategy
Apply before 02/28/2018

AXA computes its regulatory required capital through an internal model approved by the regulator. It is called the Short Term Economic Capital (STEC). It is a function of numerous risk factors. Financial risk-factors, and therefore the investments, are generating the Financial-STEC, a sub-component of the STEC.

GIA deployed a dedicated proxy tool to estimate and monitor, over the STEC, the capital consumption related to the investments (F-STEC).


The main mission of the candidate will be to operationally support and improve the process of monitoring of the F-STEC in the Group ALM team.

The secondary mission of the candidate will be to support the transformation of the process, as well as the development of other related ALM processes (roll-forward of the Current Asset Allocation, interest risks positioning monitoring…). For this, the candidate will work on elaborating methodologies and building new practical tools.


  • Work closely with the Paris team’s ALM Analyst on the different phases of the monthly monitoring process and bi-annually budgeting exercise
  • Liaise with Group Monitoring & Reporting Team and Group Risk Management Team to have all the necessary inputs
  • Validate all the received inputs and integrate them into the F-STEC tool
  • Analyze and interpret the final F-STEC results
  • Prepare and verify the final reports for each AXA main entity
  • Set up and participate the monthly F-STEC review discussions with the STEC correspondents of all AXA main entities
  • Follow up with the action points and ensure efficient closure
  • Participate in producing the monthly Group Investment Committee document
  • Suggest ways to smoothen and ease the production process
  • Develop his expertise about the STEC treatment of the investments such as to become a referent
  • Elaborate new tools for other related ALM processes (roll-forward of the Current Asset Allocation, interest risks positioning monitoring…)

Background:

o    Financial or actuarial background and strong IT skills (master 2 in finance, actuarial diploma, potentially combined with an IT oriented cursus in an engineering school)

Technical skills:

o    Knowledge in finance/investments, and Assets/Liabilities concepts

o    Strong knowledge of IT tools and of programming languages is required (VBA, SQL…)

o    Excellent knowledge of Microsoft Office tools (Excel, Access,…) is required

 

o    Knowledge of Bloomberg terminal would be a plus

Personal capabilities:

o    English : Written, Spoken

o    Good communication skills

o    Attention to detail

o    Very organized, very rigorous specially with deadlines and organization of collaborative work Self-starter



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 165,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 107 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).

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