Credit Rating Senior Manager

TN United Kingdom; Bristol; Hybrid; GBP 95,000 - 115,000; Full time

Job summary

Join a forward-thinking company dedicated to building a robust internal credit rating team. This role offers an exciting opportunity for professionals with a strong understanding of credit ratings and methodologies to contribute to a vital function within the organization. You will work closely with various teams, ensuring compliance with regulatory requirements while developing and assessing credit methodologies. With a competitive salary and generous benefits, including a substantial pension scheme and flexible working arrangements, this position is perfect for those looking to make a significant impact in a dynamic environment.

Benefits

Generous Pension Scheme

29 Days Holiday Plus Bank Holidays

Discounts on Aviva Products

Free Aviva Shares

Paid Volunteering Days

Flexible Benefits

Supportive Wellbeing Policies

Qualifications

• Strong understanding of credit ratings across various asset types.
• Experience in corporate credit within asset management or financial institutions.

Responsibilities

• Develop and assess internal credit methodologies for compliance.
• Conduct annual reviews of internal and external asset managers.

Skills

Credit Ratings Understanding

Credit Analysis Fundamentals

Credit Rating Methodologies

Corporate Credit Experience

Education

Undergraduate Degree in Economics

Undergraduate Degree in Finance

Undergraduate Degree in Accounting

Job description

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Are you someone who has good understanding of credit ratings across several types of assets and experience working in Corporate credit within an asset manager, rating agency or financial institution?

Aviva is building out its internal credit rating team within the IWR Finance Function. This role will work closely with a range of colleagues from the Annuity Asset Origination, Chief Investment Officer and Aviva Investor teams depending on the particular asset class. The internal credit rating team reports into the IWR Actuarial Reserving Lead who supports the UK IWR Chief Actuary, who has regulatory responsibility for the appropriateness of the internal credit ratings used.

A bit about the job:

Assessment and development of new and existing internal credit methodologies, to ensure they remain compliant with the UK IWR Credit Rating Policy and all relevant regulatory requirements. You will achieve this by undertaking regular reviews of existing methodologies, including appropriate assurance testing, to evidence ongoing compliance, presenting output of reviews to expert judgement panels and key forums/committees who are formed to support the discharge of the Chief Actuary’s responsibilities regarding approval of internal credit ratings. You will also undertake annual review of Aviva’s internal and external asset managers, undertake deep dive reviews as proposed by the IWR Actuarial Reserving Lead to provide assurance that operational controls and governance arrangements are working effectively, recommending actions to address and/or mitigate gaps.

Skills and experience we’re looking for:

Good understanding of credit ratings across several types of assets

Relevant undergraduate degree in economics, finance, accounting, or related discipline

Solid understanding of credit analysis fundamentals

Strong knowledge of credit rating methodologies

Experience working in Corporate credit within an asset manager, rating agency or financial institution

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 National Circa £95,000 London Circa £115,000 (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 - 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 people with diverse backgrounds and experiences.

Excited but not sure you tick every box? Research tells us that women, particularly, feel this way. So, regardless of gender, why not apply. And if you’re in a job share just apply as a pair.

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.