Asset Liability Manager

Aviva plc; York, Bristol; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

An established industry player is seeking an Asset Liability Manager to join their dynamic team. This role focuses on producing and delivering insights in Asset Liability Management, optimizing balance sheets, and managing hedging strategies. You'll work in a collaborative environment, utilizing your analytical skills and understanding of financial markets to support capital management initiatives. With a competitive salary and generous benefits, including a pension scheme and flexible working arrangements, this is an exciting opportunity for those looking to make a significant impact in the insurance and financial services sector.

Benefits

Bonus opportunity up to 10%

Generous pension scheme

29 days holiday plus bank holidays

Discounts on Aviva products

Free Aviva shares

Flexible benefits

Paid volunteering days

Wellbeing support

Qualifications

• Strong relationship management and effective communication skills.
• Understanding of Solvency II balance sheet and asset/liability behavior.

Responsibilities

• Produce and manage ALM and Hedging insights across businesses.
• Optimize balance sheet while controlling risk through asset allocation.

Skills

Relationship Management

Communication Skills

Analytical Skills

Excel

Python

VBA

R

Understanding of Solvency II

Tools

Power-query

Job description

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Claims, Risk, Underwriting & Actuarial Speciality Recruiter at Aviva

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 funds including With-Profits, 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 main responsibility is to optimize the balance sheet while controlling risk.

The role supports activities such as:

• The development and implementation of asset allocation strategies (SAA) across the Group, including With-Profits funds, to operate at the risk/reward frontier for optimal outcomes.
• Development and management of hedging strategies.
• Understanding and managing market risks with robust processes.
• Supporting capital management initiatives through ALM solutions.
• Providing management information for various forums and committees regarding asset allocation, hedging, and investment activities.

Skills and experience required:

• Strong relationship management skills and effective communication (written and oral).
• Ability to work flexibly and proactively, with good prioritization and planning skills.
• Understanding of the Solvency II balance sheet and how assets and liabilities behave under stress.
• Analytical skills, including proficiency with 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:

• Competitive salary (depending on experience and qualifications).
• Bonus opportunity up to 10% of salary based on performance.
• Generous pension scheme with contributions up to 14%.
• 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 through 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 opportunities.
• Wellbeing support and resources.

Learn more and use our salary calculator to see your total reward.

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 sharing.

Most employees work around 50% of their time in the office, combining flexibility with collaboration.

For more about working at Aviva, visit our website. We interview all disabled applicants who meet the minimum criteria and encourage you to disclose your disability when applying.

For alternative application methods, contact Dylan Wood at 07385 426164 or [e-mail].

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Other

Industries

• Insurance and Financial Services