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Investment Risk Specialist

York, United Kingdom
Closing date
Jun 14, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Investment Risk Specialist - Salary circa £60,000

A bit about the job:

This is a 2nd line role taking a position supporting the Risk challenge to the 1st line management of these risks, reporting to a Senior Manager Investment Risk Oversight.

Our team manages the credit risk appetite and limit methodology of the IWR (Insurance, Wealth & Retirement) 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.

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 is managing these risks in accordance with stated policies and Board approved risk appetite measures.

Your role is to help support the provision of 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 ensure that out-sourced fund managers are managing investment risk effectively and with best practice.

Skills and experience we're looking for:
  • An understanding of the workings of the financial markets and some experience of corporate credit risk management.
  • Highly numerate and analytical with a developed capability to interpret data and establish alternatives and solutions to complex problems
  • General knowledge of insurance company products, organization and structures and an ability to contribute in a fluid and matrix style team structure
  • A knowledge of statutory, legal and regulatory frameworks, risk management and corporate governance
  • Ability to work under pressure and to deadlines and an energy, drive and a 'can do' attitude

What you will 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.
  • Salary circa £60k (depending on location, skills, experience, and qualifications)
  • Bonus opportunity - 10% 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 well being seriously with lots of support and tools.

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