AI Model Risk & Governance Lead

Aviva plc; United Kingdom; On-site; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Bonus opportunity 12%

Generous pension scheme

Private Medical Benefit

Matching Share Plan (Aviva shares)

Job summary

Aviva plc in the UK seeks an AI Model Risk & Governance Lead to oversee independent validation of advanced analytics and AI models across pricing, reserving and customer segmentation. You will partner with model owners and risk teams to challenge and strengthen governance and regulatory compliance.

The role focuses on validating models, developing tooling and methodologies, and shaping Aviva's approach to responsible data and AI under Solvency UK considerations.

Qualifications

• Significant experience in model validation, model risk management, model review or quantitative risk roles.
• Strong knowledge of advanced analytics, machine learning and AI models, including experience providing independent challenge and oversight.
• Ability to analyse complex quantitative methods and communicate findings clearly to both technical and non-technical stakeholders.
• Experience building effective relationships across multidisciplinary teams, including risk, analytics, technology and business functions.
• Qualified actuary or equivalent quantitative professional experience would be highly desirable. Knowledge of Solvency UK requirements and capital modelling would be beneficial.

Responsibilities

• Provide independent oversight and assurance across a broad range of business-critical models.
• Validate and review advanced analytics and AI models, including pricing, reserving, customer segmentation and productivity-enhancing solutions.
• Assess model performance, governance and regulatory compliance, delivering independent challenge.
• Contribute to development of validation tools, methodologies and challenger models to strengthen analytics oversight.

Skills

Model risk management

Independent oversight

Advanced analytics

Machine learning & AI

Communication to stakeholders

Cross-functional collaboration

Actuary qualification (Desirable)

Education

Actuary qualification (desirable)

Job description

AI Model Risk & Governance Lead – Salary c. £90,000 to c. £120,000

Locations – UK Flexible (Excluding London)

Are you someone who enjoys challenging complex models and helping organisations use data, analytics and AI responsibly?

This is a great opportunity for an experienced quantitative professional with a strong background in model validation, model risk management or independent model review. You'll bring expertise in advanced analytics, machine learning or AI models and enjoy working with a wide range of stakeholders to provide insightful challenge and oversight. Qualified actuaries or professionals with equivalent quantitative and risk management experience would be particularly well suited to this role.

A bit about the job:

You’ll join Aviva's Group model validation centre of excellence team, helping to provide independent oversight and assurance across a broad range of business-critical models. The role focuses on the validation and review of advanced analytics and AI models, including pricing, reserving, customer segmentation and productivity-enhancing solutions.

Working alongside model owners, risk specialists and senior stakeholders across the business, you’ll assess model performance, governance and regulatory compliance, delivering independent challenge and supporting effective model risk management. You’ll also contribute to the ongoing development of validation tools, methodologies and challenger models, helping strengthen Aviva's approach to overseeing emerging analytics and AI capabilities.

Skills and experience we’re looking for:

• Significant experience in model validation, model risk management, model review or quantitative risk roles.

• Strong knowledge of advanced analytics, machine learning and AI models, including experience providing independent challenge and oversight.

• Ability to analyse complex quantitative methods and communicate findings clearly to both technical and non-technical stakeholders.

• Experience building effective relationships across multidisciplinary teams, including risk, analytics, technology and business functions.

• Qualified actuary or equivalent quantitative professional experience would be highly desirable. Knowledge of Solvency UK requirements and capital modelling would be beneficial.

What you’ll 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.

• Starting salary between c. £90,000 and c. £120,000 (depending on location, skills, experience, and qualifications)

• Bonus opportunity - 12% of annual salary, (actual amount depends on your performance and Aviva’s.)

• Generous pension scheme - e.g. if you put in 8%, Aviva adds 14%

• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days

• Aviva-funded Private Medical Benefit to help you get expert support when you need it

• 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 wellbeing seriously with lots of support and tools

Aviva is for everyone:

We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending at least 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.

To find out more about working at Aviva take a look here