Credit Risk Senior Manager – Private Asset

AXA UK; York; On-site; GBP 95,000 - 120,000; Full time

Job summary

Join a leading UK insurer as a Credit Risk Senior Manager, overseeing a significant credit risk portfolio. The role involves managing the credit risk appetite and ensuring compliance with regulatory frameworks, while providing independent risk assessments. Ideal candidates will have expertise in private asset credit risk and relevant professional qualifications.

Benefits

Bonus opportunity of 12%

Up to 14% pension contribution

29 days holiday plus bank holidays

Discounts on Aviva products up to 40%

Free Aviva shares through Matching Share Plan

Paid volunteering days

Flexible benefits including sustainability options

Wellbeing support and tools

Qualifications

• Expertise in private asset credit risk management.
• Familiarity with risk appetite and limit-setting methodology.
• High-impact individual with stakeholder engagement skills.

Responsibilities

• Managing credit risk appetite and limit methodology.
• Oversight of investment and credit risk management strategies.
• Advising on risk exposures and investment decisions.

Skills

Private asset credit risk experience

Ability to challenge stakeholders

General knowledge of regulatory frameworks

Education

CFA/Qualified Actuary/Accountant

Job description

Credit Risk Senior Manager – Private Asset

National salary: up to £95,000 (DOE)

London salary: up to £120,000 (DOE)

A great opportunity to join a market leading investment risk oversight team in one of the UK’s biggest insurers. We have a senior manager opportunity in the second line oversight of investment risk management of Aviva’s c£80bn shareholder credit risk portfolio.

If you have investment and credit risk, especially private asset experience, and an accounting or actuarial background, we would love to hear from you!

A bit about the job:

The team manages the credit risk appetite and limit methodology of the IWR Credit Risk Framework Management. This includes helping design the controls around a £80 billion credit risk book of assets, determining concentration limits and credit risk appetite.

The team also fulfils the second line oversight of the investment and credit risk management of all of Aviva’s Life insurance activity with a particular focus on the growing Annuity market. This includes equity release mortgages and other private asset classes.

The role reports to the Head of Complex Credit Risk Oversight and you’ll be reviewing and challenging IWR’s management of exposure to credit and investment risk, including their approach to risk identification and measuring risk impacts. You’ll be helping to ensure that first line is managing these risks in accordance with stated policies and Board approved risk appetite measures.

You’ll be responsible for researching initiatives and change that help to mitigate financial risks in a number of complex areas, including the rapidly growing Bulk Purchase Annuity business. In so doing, you’ll be reviewing the approach to asset management of £billions of investment activity and you’ll be involved in oversighting the credit risk management of innovative annuity propositional activity, including Mega BPA deals.

Your role is to provide Risk’s independent opinion of the risk exposures, investment decisions and strategy, helping to advise the business on how best to manage and mitigate these exposures and ensure that out-sourced fund managers are managing UKL investment risk effectively and with best practice.

Skills and experience we’re looking for:

• Private asset credit risk experience is essential from a sourcing or oversight perspective.
• Familiarity with credit risk appetite and limit setting and methodology is a big advantage.
• This role may be suited to an individual with a professional qualification e.g. CFA/ Qualified Actuary/ Accountant or qualified by experience.
• A high impact individual, who provides confident and credible challenge to stakeholders within the business including the Investment and Finance teams with the ability to present complex information in a straightforward and clear manner facilitating the right actions and responses.
• A general knowledge of statutory, legal and regulatory frameworks, risk management, corporate governance, and insurance company products, organisation and structures with the ability to contribute to a fluid and matrix style team structure.

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: up to £95,000, London salary: up to £120,000 (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 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.

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