We have a fantastic opportunity for a tenacious Credit Risk Manager to join our group Credit Risk team within Group Financial and Sustainability Risk. This role is ideal for an experienced Credit Risk Manager with a genuine interest in the economy, seeking to work with like-minded professionals in the UK’s leading Insurance, Retirement, and Wealth business.
About the job:
Credit risk is one of the largest risks faced by Aviva. Managing this risk is central to our strategy to protect our customers and support sustainable growth. This involves setting credit limits within the Board Risk Committee's appetite, optimizing returns through asset class analysis, and aiding better decision-making, such as creating reinsurance contracts to mitigate credit risk during stress.
Responsibilities include:
* Supporting analysis of Aviva’s Credit position, including development of the Credit Limit Framework and credit data systems (e.g., Clearwater and Qlik).
* Ensuring timely delivery of financial and non-financial credit risk information for internal and external reporting, including during financial stress.
* Producing counterparty and exposure risk assessments, including for reinsurers/reinsurance.
* Responding to events affecting credit risk, whether idiosyncratic or systemic.
Skills and experience:
* Experience in building models and coding is highly preferred.
* Knowledge of investment markets, asset classes, and their risk-return profiles, especially in relation to insurance investment strategies and asset-liability management.
* Strong analytical, interpretative, and modelling skills with meticulous attention to detail.
* Ability to manage workload and relationships proactively in a dynamic environment.
* Effective prioritization and planning skills.
What you’ll get:
We are committed to investing in our colleagues. Benefits include:
* Salary: circa £70,000 in the UK, circa £80,000 in London (dependent on skills and experience).
* Bonus opportunity: 10% of annual salary, performance-dependent.
* Generous pension scheme: Up to 14% contribution from Aviva.
* 29 days holiday plus bank holidays, with options to buy or sell days.
* Discounts on Aviva products and retailer offers.
* Up to £1,200 of free Aviva shares annually via our Share Plan and Save As You Earn scheme.
* Supportive policies including parental and carers’ leave.
* Flexible benefits, including sustainability options like cycle to work.
* Paid volunteering days and community involvement.
* Support for wellbeing with various tools and resources.
Learn more and calculate your total Aviva Reward by entering your salary into our calculator.
Our commitment to inclusivity:
We welcome applications from all backgrounds and experiences. Even if you don’t meet every requirement, we encourage you to apply. We support flexible working arrangements, including part-time and job share options, and adapt locations and hours to suit our colleagues and customers.
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