Product & Pricing Senior Risk Manager

Axa; Bolton; Hybrid; GBP 50,000 - 90,000; Full time

Job description

Job Description

Do you have working knowledge of product and pricing strategies, and how to manage the specific risks and issues they pose? We're seeking an expert Product and Pricing Senior Risk Manager, to support our Head of Operational Risk in making effective risk management simple and accessible to all staff within AXA Commercial. You'll communicate risk management concepts in a way that is simple and accessible, coupled with a good understanding of insurance risk and how this can transition in a diversified commercial insurance portfolio.

You'll lead and develop a team of risk experts, working closely with colleagues across all lines of defence to understand the key components of the AXA UK Risk Framework, how they apply to AXA Commercial and implementing these in a simple and clear way. You'll take accountability for the implementation and continued embedding of the AXA UK Enterprise Risk Management Framework (ERMF) and associated UK and Group requirements within the Underwriting, Pricing and Product Team. This includes ensuring robust and well thought out controls, processes and policies are in place across the business areas.

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, moving to the majority of your working week from September 2025. Away from home means either attendance at one of our office locations, visiting clients or attending industry events.

What you'll be doing:

1. Work with Line 2 Risk team to ensure AXA Commercial Product and Pricing teams fully embed the requirements of the Risk Framework in a way that is proportionate and effective.
2. Work closely with UPP Teams supporting the Head of Operational Risk to maintain a holistic view of the Risk and Control profile of the business units and ensure this remains up to date.
3. Deliver timely and insightful risk reporting to the UPP leaders within AXA Commercial to enable risk owners to recognise risk exposure and prioritise activity to manage risk in line with appetite.
4. Understand all key strategy and change activity within UPP and ensure effective support for these initiatives.
5. Lead the planning, prioritisation and coordination of key risk activity being delivered through the Product and Pricing Risk team.
6. Be the voice of the customer within UPP and ensure that business decision making is centred around the delivery of good and fair outcomes for customers.
7. Assist the business unit leadership team to ensure a solid awareness of and effective management of key risks.
8. Coach and partner with in-scope business areas to ensure Exec / Risk Owners can discharge their accountabilities, specifically accurate data-driven risk assessment and management towards tolerance.

What you'll bring:

1. Ability to process, collate, and present data in a clear and consistent manner and use this information to drive meaningful action.
2. Proven record of delivering through others and coaching and developing direct reports and staff in wider risk roles.
3. Knowledge of FCA/PRA requirements and expectations, including conduct and operational risks involved in product and pricing design and implementation.
4. Commercial and pragmatic outlook, able to work at pace, solution oriented and delivery focused.
5. Evidence of providing oversight of, and ensuring adherence to, risk and control frameworks, policies, standards, etc.
6. Keen attention to detail and organisational skills, ability to influence in support of a risk-aware and customer focused culture.
7. Confident and articulate communicator with the ability to facilitate discussions at key risk / management forums with excellent report writing skills.
8. Collaborative engagement style, you'll need to work with multiple stakeholders to solve issues and challenges.

As a precondition of employment for this role, you must be eligible and authorised to work in the United Kingdom.

What we offer:

1. Competitive annual salary
2. Annual company & performance-based bonus
3. Private health insurance
4. Contributory pension scheme (up to 12% employer contributions)
5. Life Assurance (up to 10 x annual salary)
6. 28 days annual leave plus Bank Holidays
7. Opportunity to buy up to 5 extra days leave or sell up to 5 days leave
8. AXA employee discounts
9. Gym benefits

To apply, click on the 'apply for this job' button, you'll then need to log in or create a profile to submit your CV. We're proud to be an Equal Opportunities Employer and don't discriminate against employees or potential employees based on protected characteristics. If you have a long-term condition or disability and require adjustments during the application or interview process, we're proud to offer access to the AXA Accessibility Concierge. For our support, please send an email to [e-mail].

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Who we are:

AXA Commercial protects businesses, from multinationals to micro start-ups, giving them the confidence to thrive. We're currently making our biggest ever investment to develop the expertise and skills we need to be the best. We're a vibrant community where everyone is supported to learn, develop, and take ownership of their work.

Salary

Dependent on experience