Investment Risk Senior Manager

Are you an inquisitive and tenacious individual? Are you interested in how one of the UK’s biggest insurers manages investment risk and makes credit lending/risk decisions? We are looking for an Investment Risk Senior Manager to join our team and develop in an important Risk oversight role in a 2nd line team!

This is a great opportunity to join a market leading investment risk oversight team in one of the UK’s biggest insurers! This is a great job for someone with investment and credit risk experience with the ability to evidence adaptability, fast learning, how to distil complex matters into succinct points, along with the ability to influence senior stakeholders.

A bit about the job:

The team handles the credit risk appetite and limit methodology of the IWR Credit Risk Framework Management. This includes helping design the controls around a £70 billion credit risk book of assets, determining concentration limits and credit risk appetite. The team also fulfils the second line oversight of the investment, credit and liquidity risk management of all of Aviva’s Life insurance activity with a particular focus on the growing Annuity market. In addition, the team oversights IWR’s approach and progress in achieving its climate and sustainability ambitions.

The role reports to the Head of Investment Risk Oversight and you’ll be reviewing and challenging IWR’s management of exposure to credit and investment risk, including their approach to risk identification and measuring risk impacts. You’ll be helping to ensure that first line are managing these risks in accordance with stated policies and Board approved risk appetite measures. You’ll be responsible for researching initiatives and change that help to mitigate financial risks in several complex areas, including the rapidly growing Bulk Purchase Annuity business. In so doing you’ll be reviewing the approach to asset management of £billions of investment activity and you’ll be involved in oversighting the risk management of innovative annuity propositional activity, including Mega BPA deals.

Your role is to provide Risk’s independent opinion of the risk exposures, investment decisions and strategy, helping to advise the business on how best to manage and mitigate these exposures and also ensure that out-sourced fund managers are managing UKL investment risk effectively and with best practice.

Skills and experience we’re looking for:

• A good understanding of the workings of the financial markets. A knowledge of statutory, legal and regulatory frameworks, risk management and corporate governance
• General knowledge of insurance company products, organisation and structures and an ability to contribute in a fluid and matrix style team structure
• A high impact individual, who provides confident and credible challenge to stakeholders within the business including the Investment and Finance teams
• Professional qualification e.g. CFA/ Qualified Actuary/ Accountant, but these are not essential
• Ability and drive to quickly acquire a deep understanding of the strategies, plans and performance in the relevant areas of Aviva’s Investment and Finance functions

What you’ll get for this role:

Our purpose - with you today, for a better tomorrow – is a promise we make to our colleagues too. And one of the ways we live up to that promise is by investing in you. We have so much to offer when it comes to being an Aviva colleague.

• Starting salary between £90,000 and £95,000 (depending on location, skills, experience, and qualifications)
• Bonus opportunity - 12% of annual salary Actual amount depends on your performance and Aviva’s
• Generous pension scheme - Aviva will contribute up to 14%, depending on what you put in.
• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
• Make your money go further - Up to 40% discount on Aviva products, and other retailer discounts
• Up to £1,200 of free Aviva shares per year through our Matching Share Plan and share in the success of Aviva with our Save As You Earn scheme
• Brilliantly supportive policies including parental and carer’s leave
• Flexible benefits to suit you, including sustainability options such as cycle to work
• Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others
• We take your wellbeing seriously with lots of support and tools