Whatever their stage of life, we provide over 108 million customers with the products and services they need to progress. From insurance to personal protection, and savings to wealth management, no matter the need were always there for them. And were always there for our employees. In 50 countries, we work hard to inspire pride and a sense of belonging in our people. To provide opportunities that challenge them, inspire them, and reward them. And to create a culture thats open, supportive, and empowering. Because we know thats the real secret to success and the best way for us to keep building a better world for both our customers and the talented people who put them first. Your work environment : GIE AXA SUCURSAL EN ESPANA is a branch of GIE AXA (Group headquarters) located in Spain. The entity is hosted in AXA''s facilities in Madrid, but is fully independent from other Spanish entities. The Internal Model Review (IMR) department, is part of Group Risk Management. The team was created to provide an independent opinion to the regulator and to the board of directors on the compliance and consistency of our Internal Model with Solvency II directives. IMR has the following objectives: Provide a gap analysis on the compliance of local entities practices with Groups instructions and/or with Solvency II principles. Provide AXA Groups management with an appropriate level of comfort on the quality and adequacy of solvency II metrics reported by entities. Ensure the consistency of local methodologies, processes and tools used across entities. Contribute to the improvement of the metrics by sharing best practices. The team is structured in five different areas: Assets & ALM standards, Market & Credit Risks, Liabilities standards, Best Estimates and Life Risks, P&C Risks, Operational Risks, IFRS17 Your Mission: As part of IMR team, the candidate will participate in in depth reviews of the Internal Model among AXA entities. The candidate will be responsible for performing detailed analysis on the Internal Model, focusing on assets and ALM projected cash flows in Life products. The candidate will also participate in the analysis of Market, Credit and Aggregation risks, ensuring the alignment between the local practices and the Group requirements. Recently, the scope of the activities of the team has been extended to the review of the Group models. Key accountabilities: Analysis of the Assets and ALM projection in the DFA (Dynamic Financial Analysis) model for Life business. Focusing on: Assets projection: Assets model points; Simulations on Risk Neutral environment (Market value evolution, Market consistency adjustment); Projection of different components of investment income; Investment fees. Detailed analysis of the implementation in the Internal Model of the main ALM strategy components: Investment Strategy and Strategic Assets Allocation; Profit sharing; Management