ALM Hedging Manager – Salary is competitive
Location – York or Bristol
The ALM & Hedging Technical Shared Services team is the centre of excellence for Asset Liability Management in the Aviva Group.
The team is responsible for Asset Liability and Hedging Management across the UK Life, UK GI, Ireland, and Group Centre businesses, covering a diverse range of With-Profits funds, Matching Adjustment Portfolio (‘MAP’) annuity funds, and other non-profit funds.
A bit about the job:
The role involves producing, managing, and delivering ALM and Hedging insights across the businesses. The key responsibility is to optimise the balance sheet while controlling risk.
The role holder will support activities including:
1. The development and implementation of asset allocation strategies (SAA) across the Group, including With-Profits funds, to operate at the efficient frontier of risk/reward for optimal customer outcomes.
2. Development and management of hedging strategies.
3. Understanding and managing market risks with robust processes.
4. Supporting capital management initiatives through ALM solutions.
5. Providing management information for various forums and committees on asset allocation, hedging, and investment activities.
Skills and experience we’re looking for:
* Good relationship management skills and comfortable with SMART working.
* Excellent written and oral communication skills, with the ability to work across teams and stakeholders.
* Ability to work flexibly, proactively, and prioritize effectively.
* Strong understanding of the Solvency II balance sheet and its components, including stress behaviors.
* Analytical and problem-solving skills, with proficiency in IT tools like Excel, VBA, Power-query, Python, or R.
* Interest or understanding of financial markets and investment options for insurers.
What you’ll get for this role:
Our purpose — with you today, for a better tomorrow — reflects our commitment to investing in our colleagues. Benefits include:
* Competitive salary (dependent on skills and experience)
* Bonus opportunity of 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 other retailers
* Up to £1,200 of free Aviva shares annually through our Matching Share Plan and Save As You Earn scheme
* Supportive policies including parental and carer’s leave
* Flexible benefits, including sustainability options like cycle to work
* Paid volunteering days and participation in Aviva Communities
* Wellbeing support and tools
To learn more, use our salary calculator to see your total Aviva Reward.
Aviva is for everyone:
We promote inclusivity and welcome applications from all backgrounds. 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.
Most of our staff work around 50% in the office, blending flexibility with collaboration.
More about working at Aviva can be found here.
We interview every disabled applicant who meets the minimum criteria. Please notify us after applying if you have a disclosed disability.
For alternative application methods, contact Dylan Wood at 07385 426164 or Dylan.wood@Aviva.com.
About Us
We serve 19.5 million customers, helping them save for the future and manage daily risks. We aim to be the employer of choice for talented, diverse individuals committed to making a difference.
Our 23,000 employees are passionate about enabling others to do their best work and positively impact our customers’ lives.
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