Credit Risk Manager

TN United Kingdom; Bristol; On-site; GBP 70,000 - 80,000; Full time

Job summary

Join a leading Insurance, Retirement and Wealth business as a Credit Risk Manager. You'll manage credit risk, support analysis, and help the business make informed decisions. This role offers a competitive salary and excellent benefits.

Benefits

Pension Scheme

29 Days Holiday

Discount on Aviva Products

Free Aviva Shares

Flexible Benefits

Paid Volunteering Days

Wellbeing Support

Qualifications

• Experience in building models/coding preferred.
• Knowledge of investment markets and asset classes.

Responsibilities

• Support analysis of Aviva’s Credit position.
• Assist with counterparty and exposure risk assessments.
• Participate in response to credit risk events.

Skills

Analytic Skills

Attention to Detail

Modeling Skills

Relationship Management

Prioritization

Job description

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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 get 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).

Additionally, you will:

• Support quality, pro-active analysis of Aviva’s Credit position, including development of the Credit Limit Framework and the credit data systems (currently Clearwater and Qlik).
• Support the effective & timely delivery of financial & non-financial information for internal and external publication purposes, related to Credit Risk, for both regular reporting and during times of financial stress.
• Assist with the production of counterparty and exposure risk assessments, including for reinsurers/reinsurance.
• The effective & timely delivery of financial & non-financial information for internal and external publication purposes, related to Credit Risk. Production of counterparty and exposure risk assessments, including for reinsurers/reinsurance.
• Participate in the response to events, covering both idiosyncratic events (where only one credit counterparty is involved) or systemic credit risk events that affect one or more market sectors.

Skills and experience we’re looking for:

• Experience in building models/coding is strongly preferred.
• Knowledge of a range of investment markets and asset classes, their key risk and return drivers, and their application to insurance company investment strategy and asset-liability management.
• Brings sound judgment to facts/data, with strong analytic, interpretative, and modelling skills with a meticulous mindset and strong attention to detail.
• Able to manage workload & relationships in a flexible, dynamic, and proactive manner.
• Ability to prioritise and plan activities in the face of conflicting demands.

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.

• National salary circa £70,000, London salary circa £80,000 (depending on location, 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.