Alternative Credit - ILS Analyst Intern (March '25)

At AXA IM, we act for human progress by investing for what matters, actively and responsibly. Join us and you'll build a career in a truly diverse, entrepreneurial organization. You'll be part of a mission to tackle some of the world's most stimulating challenges, pushing boundaries and exploring fresh ideas that aim to deliver long-term prosperity.

1. AXA IM Alts
AXA IM Alts is a global leader in alternative investments with over €185 billion of assets under management comprising c.€91 billion of primarily private real estate, over €85 billion of private debt and alternative credit, as well as c.€9 billion in Infrastructure and private equity.

We take a 360° approach to real estate & infrastructure investing with over €132 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow.

AXA IM Alts employs over 830 people located in 17 offices around the world and serves the needs of more than 600 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe, and one of the largest worldwide.

We pride ourselves on fostering a culture of high performance, which means we seek to recruit and retain people who are not only technically qualified, but also open to the world, innovative and able to harness their unique perspectives and life experiences to support our success as a business.

2. Description of the department
The structured and securitized origination team is part of the Alternative Credit department which manages more than €50Bn in assets. The ILS team, part of the structured and securitized origination team, is made of 4 investment individuals and is responsible for managing Insurance Linked Securities (ILS) strategies in various instruments (Cat Bonds, Industry Loss Warranties, Sidecars...).

3. The main responsibilities of the role

Assistance to the ILS team in monitoring natural catastrophes and analyzing the exposure of counterparties to these events.

The main tasks will be:

• For the analysis of the cat bonds: perform quantitative and qualitative analysis on insurance linked securies (cat bonds) in the primary market and organize investment committees with ILS team, risk management and traders. Monitor secondary market activities to look for the potential investment opportunity.
• For the pricing of the instruments: selecting a pool of similar assets, use the selected pool of assets to price the new deal
• For the natural catastrophes: getting characteristics of the events and losses for the (re)insurers and the market using webscrapping, text mining, NLP... to extract the information, format it and import it in the front office tool called Ouranos. This could be done with R and/or Python.
• For the monitoring of ILS instruments: getting reports (for example reset reports) using webscrapping, extract the data (text mining, NLP...), perform data cleaning and formatting using various inputs. This could be done with R and/or Python.

Depending on the intern's appetite, assistance to the ILS team in enhancing AXA IM's responsible investment framework. Main responsibilities on this subject would consist of improving the ESG analysis methodology for the ILS asset class by developing further the ESG-scoring and sustainability risk assessment:

• Enhance the ESG questionnaires sent to the counterparties
• Improve the scope of the Sustainability Risks and the methodology applied on ILS instruments
• Comparing internal and external score to improve our methodology

Your Profile

4. Profile

Education/Qualifications

• University or Engineering/Actuarial school degree from a top institution with background in Math, Physics, Finance, Actuarial or Computer/Data Science

Experience

• Proven quantitative analysis experience gained in an insurance, asset management or financial markets environment

Competencies

• Candidate must be efficient, proactive, well organised and have high attention to detail
• Candidate will be asked to demonstrate some degree of autonomy to be able to respond in a timely fashion to urgent requests
• Excellent communications and presentation skills
• Team player, multi-tasking and ability to work under pressure, very thorough mind and capacity for synthesizing
• Fluent in English
• Agile in data management (R, Python, VBA)
• Curious
• Rigorous

5. What does this internship offer

• This internship is an excellent opportunity to discover an international working environment. Due to our leading position on the market you can gain a strong exposure to an interesting asset class.
• You will be fully integrated to our team and you will have the opportunity to work together and discover other departments such Risk Management, IT and Portfolio Controls
• You will join a growing platform which will allow you to take-over real responsibilities rapidly

Please join us to realize your potential to drive progress, for yourself, our clients and the world in which we live.

#JoinUs

About AXA

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.

About the Entity

At AXA IM we are investing with a clear purpose - to make the world a better place. We act for human progress by investing for what matters. Our conviction-led approach enables us to uncover what we believe to be the best global investment opportunities across alternative and core asset classes. We are already entrusted by our clients with more than €887 billion in assets.

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AXA IM is an Equal Opportunity Employer, and we encourage candidates with disabilities or any other protected characteristic to apply. We are committed to providing reasonable accommodation to qualified applicants and employees with disabilities, when needed, to apply for a position or to perform essential job functions.

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What We Offer

We are committed to offer you an environment where you can:
• Grow your potential: be part of a forward-thinking business with internal opportunities and personalized learning paths available to help constantly develop your skills and abilities.
• Shape the way you work: work for a company which is highly committed to providing flexibility & balance to its employees, offering you a large range of benefits (hybrid working, competitive health benefits, among many others.).
• Thrive within a diverse community: play a role within a responsible company that actively recognizes and values individual differences in a diverse and inclusive workforce.
• Move the world forward: join a responsible employer that acts in favor of societal and environmental causes as an investor, insurer and company, notably through the AXA Heart in Action association. As part of our commitment to sustainability and environmental responsibility, we will celebrate your arrival by planting a tree.

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Location: Puteaux, FR

Posted Date: 11/5/2024