We have a fantastic opportunity for an experienced Credit and Sustainability Risk Manager to be a part of our Credit and Sustainability Risk Team, that sits within Group Financial Risk. We are flexible with location and the role can be based at one of our offices convenient to your location or home based. However, travelling to London periodically would be required.  

As a multinational Insurance company, Aviva faces a range of risks across all regions. These include credit risk, equity risk, inflation risk, interest rate risk and other market risks. Group Financial Risk has the role of ensuring that the risks are managed in accordance with our stated risk appetite at both a Business Unit and Group level. The risk appetite aims to provide the right balance between risk and return for our customers and our shareholders. The Credit and Sustainability team provides advice and oversight to the Business Units and Group Centre in relation to financial risk management specifically credit risk.

As the Credit and Sustainability Risk Manager, you will support with the management and development of the Credit Limit Framework and the credit data system (currently CWRT) and support the effective and timely delivery of relevant and accurate financial and non-financial information for internal and external publication purposes, related to credit risk. You will utilise your relationship building skills by developing rapport with internal and external stakeholders, including BU ALM and Financial Risk Management Teams, regulators and other Group Capital Teams (particularly Group Actuarial, Group Treasury and Group Reinsurance).

What will you be doing:

• Work with BU CIO teams and represent Group risk on fora such as Net Zero Execution Unit and Net Zero Advisory to drive consistency across Aviva

• Support quality and pro-active analyses of the credit position

• Assess individual credit-related proposals in support of local risk teams or on behalf of Group (depending on size/escalation criteria)

• Identify, own and manage the specific key risks and/or key controls that the credit and sustainability are owners of on iCARE.  Report and escalate the status of the relevant risks and controls as appropriate

• Participate in event response in case idiosyncratic or systemic credit risk

• Develop a deep understanding of the source of credit risk and return across the Group and the impact of potential management actions on these exposures and key group metrics

• Proactively manage climate and ESG related risks including development of measurement techniques, assessment, and reporting

• Support the development and maintenance of methodology underpinning climate risk metrics supporting TCFD, risk reporting, risk appetite and strategy, business plans and remuneration

• Support the development and maintenance of methodology of broader ESG metrics as appropriate

What do we need from you:

• Prior credit or other experience in a financial /investment risk management area is essential

• Experience in financial reporting/Solvency II

• Reinsurance knowledge and experience

• Knowledge of a range of investment markets and asset classes, their key risk and return drivers and their application to insurance company investment and asset-liability management portfolios.  Experience in derivatives markets as well as with cash market investments, including alternative fixed income asset classes

• Have a good judgement to facts/data, with strong analytic, interpretative and modelling skills

• Experience with managing workload and relationships in a flexible, dynamic and proactive manner.  Ability to prioritise and plan activities in the face of conflicting demands

• Ability to work successfully in virtual teams and to build relationships/trust/network with wide range of virtual team members

• Excellent communication (both written, oral and presentational) and interpersonal skills with stakeholders of all levels

• Some knowledge with insurance business experience covering both investments and insurance liabilities and reporting

• Good experience with using Excel

The following experience or knowledge is desirable but not essential:

• Experience in coding

• Experience in sustainability/climate

• Recognised accounting, Risk, Investment Management, or Actuarial qualification

What will you get for this role?

• Salary up to £70,000 depending on location, skills, experience and qualifications

• A generous defined contribution pension scheme

• Annual performance related bonus and pay review

• A holiday allowance of 29 days plus bank holidays and the option to buy/sell up to 5 additional days

• 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 responsibility, 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 Lacey Lane Mckoy a call on 0207 255 0884 or send an email to lacey.lane-mckoy@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.