Aviva are looking for a manager to join our Technical Shared Services ALM and Hedging team.

You’ll assist in structuring, reviewing and supporting Group and business unit hedging programmes and strategic asset allocations. Tasks will include assisting with structuring transactions and performing analysis to measure hedge effectiveness with a view to managing the ALM position of businesses across the Group. You will also be developing relationships with peers within Group Capital, and across Finance and Risk. In addition you will be interacting with Aviva Investors and business units on a regular basis.

This is a specialised technical role which provides the opportunity to play a key and leading role in the development and implementation of hedging strategies within an innovative team for a global, composite insurer.

Aviva has introduced “smart-working”, and the person in this role can be based anywhere in the UK, as long as they are comfortable regularly travelling to our Bristol, London or York offices 3 times a week.

The role’s duties & responsibilities:

The role of the team is to optimise the asset-liability position of the Group to achieve the best balance between financial risk and return (thereby maximising return on capital) whilst protecting the Group’s balance sheet from downside market and credit risk. These exposures form the largest risks to Aviva’s capital position but also represent a key source of return and profitability. The financial decisions associated with the Group’s ALM position can make the biggest difference in the short term to our customers and investors.

You will support a range of activities, which depending on the skills and background you can bring to the role can include:

• Being part of the identification and implementation of efficient and effective derivative hedging programmes throughout the Group including equity, credit and FX hedging programmes

• Assisting with the management of the UK, Ireland and Group ALM positions

• Capital generation analysis to support investment and asset allocation decisions including identification of any capital management optimisation opportunities

• The ongoing development and implementation of a robust strategic asset allocation (SAA) working with Aviva Investors to ensure that the group overall operates at the efficient frontier of risk/reward

• Provide management information for various forums and committees on hedging and derivative activity

• Assist with the development of strategies for asset positions in market stress events

Skills & knowledge we’re looking for:

• Appropriate business experience including insurance, asset management and/or transaction structuring/execution experience across capital markets

• Familiarity with derivatives across a broad range of asset classes

• Significant experience across asset and liability management, hedge structuring and implementation across asset classes

• Strong technical and practical knowledge of financial products and hedging applications

• Understanding of the insurance industry and risk management

• Robust practical analytical skills

• Excellent time managing and organisational skills

• Strong IT skills, including advanced Excel and VBA would be an advantage

• A finance or science degree or a postgraduate finance/business qualification would be an advantage

What will you get for this role?

• A salary of circa £70,000 depending on location, skills, experience and qualifications

• Generous defined contribution pension scheme

• Holiday allowance of 29 days plus bank holidays and the option to buy/sell up to 5 additional days (Pro Rata)

• Up to 40% discount for some Aviva products through “My Aviva Extras” plus discounts for Friends and Family (some exclusions apply)

• Excellent range of flexible benefits to include a matching share save scheme

Working at Aviva

At Aviva, we’re people with a purpose. To be with you today, for a better tomorrow.

We bring this to life by ensuring managing risk is at the heart of the way we all work. We love people who do the right thing for our customers, and our colleagues. We want people who speak up, who take ownership, and who make good decisions.

The way we do this is important too, we’re all about our people – that’s you – so we can be pretty flexible. If you want to work from home some of the time or change your hours so you can pick up your kids or care for someone in your family, we’re very open to that. In fact, we don’t advertise roles as either part or full time, because we know each person has different needs, just as each business area has different needs. So, it’s up to you to discuss working hours during your interview.

We care deeply about being inclusive and that means we encourage applications from people with diverse backgrounds and experiences. We want our employees to bring their whole self to work and that starts with you.

We interview every disabled applicant* that meets the minimum criteria for the job. Once you’ve applied, please send us a separate email stating that you have a disclosed disability and we’ll make sure we interview you.

We’d love it if you could submit your application online. If you require an alternative method of applying, please give Daniel Hopchet a call on 0750 008 7919 or send an email to Guv.Johal@Aviva.com.

*As defined in The Equality Act 2010*. By ‘minimum criteria’ we mean you should provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.