Credit Risk Manager

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

Job summary

A leading company in the UK’s Insurance, Retirement, and Wealth sector seeks a Credit Risk Manager. This role involves managing credit risks, analyzing asset classes, and advising on risk mitigation strategies. The ideal candidate will have strong analytical skills and experience in modeling. The company values inclusivity and offers flexible working arrangements.

Benefits

Performance-based bonus

Generous pension scheme

29 days holiday plus bank holidays

Discounts on Aviva products

Free Aviva shares annually

Flexible benefits

Paid volunteering days

Support for wellbeing

Qualifications

• Experience in building models and coding is highly preferred.
• Knowledge of investment markets and asset-liability management.

Responsibilities

• Support analysis of Aviva’s Credit position and develop Credit Limit Framework.
• Produce counterparty and exposure risk assessments.
• Ensure timely delivery of financial credit risk reports.

Skills

Analytical Skills

Modeling Skills

Attention to Detail

Prioritization Skills

Tools

Clearwater

Qlik

Job description

We have a fantastic opportunity for a tenacious Credit Risk Manager to join our group Credit Risk team within Group Financial and Sustainability Risk. This role is ideal for an experienced Credit Risk Manager with a genuine interest in the economy, seeking to work with like-minded professionals in the UK’s leading Insurance, Retirement, and Wealth business.

About the job:

Credit risk is one of the largest risks faced by Aviva. Managing this risk is crucial to our strategy of protecting customers and supporting sustainable growth. Responsibilities include setting credit limits, analyzing asset classes for optimal returns, and advising on risk mitigation strategies such as reinsurance contracts during stress periods.

Key responsibilities include:

1. Supporting analysis of Aviva’s Credit position, including development of the Credit Limit Framework and credit data systems (currently Clearwater and Qlik).
2. Ensuring timely and accurate delivery of financial and non-financial credit risk reports for internal and external stakeholders, including during financial stress.
3. Producing counterparty and exposure risk assessments, including for reinsurers/reinsurance.
4. Responding to credit events, whether idiosyncratic or systemic, affecting market sectors.

Skills and experience required:

• Experience in building models and coding is highly preferred.
• Knowledge of investment markets, asset classes, and their risk-return profiles relevant to insurance investment strategies and asset-liability management.
• Strong analytical, interpretative, and modeling skills with meticulous attention to detail.
• Ability to manage workload and relationships proactively in a dynamic environment.
• Effective prioritization and planning skills amidst conflicting demands.

What you’ll get:

We invest in our colleagues and offer:

• Salary circa £70,000 in the regions and circa £80,000 in London, depending on experience and qualifications.
• Performance-based bonus opportunity of around 10% of salary.
• Generous pension scheme with up to 14% employer contribution.
• 29 days holiday plus bank holidays, with options to buy or sell days.
• Discounts on Aviva products and other retailers, up to 40%.
• Up to £1,200 of free Aviva shares annually through our Share Plan and Save As You Earn scheme.
• Supportive policies including parental and carers’ leave.
• Flexible benefits, including sustainability options like cycle to work.
• Paid volunteering days and participation in Aviva Communities.
• Support for wellbeing through various tools and initiatives.

Learn more and calculate your potential total reward.

Our inclusive culture:

We welcome applications from all backgrounds and experiences. Even if you don’t meet every requirement, we encourage you to apply. We support flexible working arrangements, including part-time and job-sharing options, and adapt locations and hours to suit our employees and customers.