Group Head of Operational Risk at Axis Capital in London

Job description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations. Group Head of Operational Risk Job Description Job Family Grouping: Risk Job Family: Enterprise Risk Management How does this role contribute to our collective success? You will lead the design, evolution and continued embedding of the Group Operational Risk Framework, helping AXIS identify, govern and manage operational risk in line with Board risk appetite, regulatory expectations and strategic objectives. You will act as the senior authority for operational risk, providing independent oversight, challenge and insight to the Group Chief Risk Officer, senior leadership and the Board Risk Committee. Success will be reflected in a forward-looking, consistently applied framework that strengthens risk ownership, resilience and decision-making across the Group. What will you do in this role? · Own and evolve the Group Operational Risk Framework and operational risk strategy, ensuring alignment with the enterprise risk management framework, business strategy, Board risk appetite and relevant regulatory requirements. · Set Group-wide priorities for operational risk activity, manage supporting resource and strengthen first-line risk ownership through practical guidance, training, constructive challenge and talent development. · Provide independent second-line oversight across business units and legal entities, delivering a clear Group-wide perspective on material exposures, control weaknesses, trends and emerging vulnerabilities. · Define and embed forward-looking approaches for key and emerging operational risks, including cyber, artificial intelligence, third-party and outsourcing risk, technology risk and operational resilience. · Ensure operational risks and controls are identified, assessed, governed and reported consistently across the Group, including through risk and control assessments, key risk indicators, thematic reviews and deep dives. · Lead the Group risk event process, ensuring effective escalation, root-cause analysis, action management, lessons learned and trend reporting. · Chair the quarterly Operational Risk Committee, setting a focused agenda and overseeing presentation materials and reporting that enable informed discussion, constructive challenge and clear decisions. · Own the Group governance, risk and compliance platform for operational risk, including Riskonnect reporting, data quality, system enhancement priorities and the effective use of risk information. · Lead the development of operational risk scenario analysis and provide operational risk input into the internal model, Own Risk and Solvency Assessment and wider enterprise risk management activity. · Lead responses to regulatory reviews relating to operational risk and maintain alignment with applicable expectations across relevant jurisdictions, including the USA, Bermuda, the United Kingdom (inc. Lloyd’s) and Ireland. You may also be required to take on additional duties, responsibilities and activities appropriate to the nature o