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Asset Liability Manager

Aviva

York

Hybrid

GBP 50,000 - 90,000

Full time

14 days ago

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Job summary

An established industry player is seeking an ALM Hedging Manager to optimize balance sheets while controlling risk across various businesses. This role involves developing robust asset allocation strategies and hedging management, ensuring market risks are well understood and managed. You will provide management information for various forums, supporting capital management initiatives through ALM solutions. Join a forward-thinking company that values flexibility and offers a competitive salary, generous pension contributions, and a supportive work environment that prioritizes your wellbeing and development.

Benefits

Generous pension scheme
29 days holiday plus bank holidays
Up to 40% discount on Aviva products
Bonus opportunity
Free Aviva shares
Flexible benefits
Paid volunteering days
Wellbeing support

Qualifications

  • Strong understanding of the Solvency II balance sheet and its components.
  • Ability to work in a flexible and proactive manner.

Responsibilities

  • Produce, manage and deliver ALM and Hedging insights.
  • Develop and implement asset allocation strategies across the Group.

Skills

Relationship Management
Analytical Skills
Problem Solving
Communication Skills
Understanding of Solvency II
Excel
VBA
Python
R
Interest in Financial Markets

Job description

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 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 is required to produce, manage and deliver ALM and Hedging insights across the businesses. Overall the key responsibility of the role will be to optimise the balance sheet while controlling risk for the businesses they are working with.

The role holder will be required to support a range of activities, which depending on the skills and background of the candidate, will include:

  • The ongoing development and implementation of a robust asset allocation strategies (SAA) across the Group, core businesses and including With-Profits funds to ensure that the group overall operates at the efficient frontier of risk/reward and the best outcomes for the customer.
  • Development and management of hedging strategies.
  • Ensuring market risks are understood and managed, with robust and well-controlled processes.
  • Supporting capital management initiatives and activities through ALM solutions
  • Provide management information for various forums and committees on asset allocation, hedging and investment activity across the Group businesses.

Skills and experience we're looking for:
  • Good relationship management skills. Comfortable with SMART working. We are looking for a good communicator (written and oral), comfortable working across the team, and comfortable working with a wide variety of different stakeholders in the business.
  • Ability to work in a flexible, dynamic and proactive manner. Ability to prioritise and plan.
  • Strong understanding of the Solvency II balance sheet, its components and how they relate to underlying assets and liabilities, and how they behave under stress.
  • Strong analytical and problem solving skills including the ability to use IT effectively (e.g. Excel). VBA, Power-query, Python or R skills would be useful.
  • Good understanding or interest in financial markets and the investment universe available to insurers

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.
  • Salary is Competitive (depending on 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 wellbeing seriously with lots of support and tools

Take a look to learn more. Put a salary into this calculator to see what your total Aviva Reward could be.

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 around 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

We interview every disabled applicant who meets the minimum criteria for the job. Once you've applied, please send us an email stating that you have a disclosed disability, and we'll interview you.

We'd love it if you could submit your application online. If you require an alternative method of applying, please give Dylan Wood a call on 07385 426164 or send an email to Dylan.wood@Aviva.com
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