Credit Risk Manager

Aviva; Bristol; On-site; GBP 70,000 - 80,000; Full time

Job summary

Join a forward-thinking company as a Credit Risk Manager, where you will play a vital role in safeguarding our customers through effective risk management. This position offers the chance to work with a dedicated team, focusing on credit risk analysis and strategy development. You will be instrumental in ensuring the company operates within its risk appetite while fostering a sustainable growth environment. With generous benefits, including a competitive salary and a strong pension scheme, this role is perfect for those looking to make a significant impact in the insurance sector.

Benefits

Generous Pension Scheme

29 Days Holiday

Product Discounts

Free Shares

Paid Volunteering Days

Wellbeing Support

Flexible Benefits

Qualifications

• Experience in credit risk management and model building.
• Strong analytical skills and attention to detail.

Responsibilities

• Support proactive analysis of Credit position and development of Credit Limit Framework.
• Assist with production of counterparty risk assessments.

Skills

Model Building

Investment Market Knowledge

Analytical Skills

Relationship Management

Prioritisation Skills

Education

Relevant Degree

Tools

Clearwater

Qlik

Job description

We have a fantastic opportunity for a tenacious Credit Risk Manager to join our group Credit Risk team that sits within Group Financial and Sustainability Risk. This is a great job for an experienced Credit Risk Manager with a genuine interest in the economy seeking to work with likeminded people in the UK’s leading Insurance, Retirement and Wealth business!

A bit about the job:

Credit risk is one of the largest risks Aviva faces. Managing this risk is a key part of our strategy to protect our customers and plays a vital role in helping Aviva grow in a safe and sustainable manner. We do this by ensuring we are within the credit risk appetite of the Board Risk Committee (e.g., through setting credit limits), helping businesses in getting the right return from the risk being taken (e.g., through asset class analysis), and helping the business make better decisions (e.g., creating reinsurance contracts that mitigate credit risk in stress).

Responsibilities include:

1. Supporting quality, proactive analysis of Aviva’s Credit position, including development of the Credit Limit Framework and credit data systems (currently Clearwater and Qlik).
2. Supporting the effective & timely delivery of financial & non-financial information related to Credit Risk for internal and external publication, including during times of financial stress.
3. Assisting with the production of counterparty and exposure risk assessments, including for reinsurers/reinsurance.
4. Participating in responses to credit events, covering both idiosyncratic and systemic credit risk events affecting market sectors.

Skills and experience we’re looking for:

• Experience in building models/coding is strongly preferred.
• Knowledge of investment markets and asset classes, their key risk and return drivers, and their application to insurance investment strategy and asset-liability management.
• Strong analytical, interpretative, and modelling skills with meticulous attention to detail.
• Ability to manage workload and relationships proactively and flexibly.
• Excellent prioritisation and planning skills.

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. We invest in you and offer:

• Salary: circa £70,000 in the UK, circa £80,000 in London (depending on skills, experience, and qualifications).
• Bonus opportunity - 10% of annual salary, performance-dependent.
• Generous pension scheme - up to 14% contribution from Aviva.
• 29 days holiday plus bank holidays, with options to buy or sell up to 5 days.
• Up to 40% discount on Aviva products and other retailer discounts.
• Up to £1,200 of free Aviva shares annually via our Matching Share Plan and Save As You Earn scheme.
• Supportive policies including parental and carer’s leave.
• Flexible benefits including sustainability options like cycle to work.
• Paid volunteering days and community involvement opportunities.
• Wellbeing support and tools.

Additional information:

We are inclusive and welcome applications from all backgrounds. We consider flexible working arrangements and encourage candidates who may not meet every requirement to apply. For more about working at Aviva, please visit our careers page.

We interview every disabled applicant who meets the minimum criteria. Please notify us via email if you have a disclosed disability.

To apply, submit your application online. For alternative application methods, contact Tawana Chin at 07789 624461 or [e-mail].

About the company

We’re here to protect our 33 million customers from life’s unexpected twists and turns. As a leading composite insurer, we offer life, general, and health insurance, along with asset management. Our focus is on putting customers at the heart of everything we do, creating a sustainable future for our customers, employees, and communities.