Senior Insurance Risk Manager

Aviva; York and North Yorkshire; On-site; GBP 66,000 - 110,000; Full time

Benefits offered by this job

Salary up to £110k

Bonus opportunity 12%

Generous pension

29 days holiday

Private Medical Benefit

Discount on Aviva products

Matching Share Plan

Save As You Earn

Parental and carer’s leave

Flexible benefits (cycle to work)

Volunteer days

Wellbeing support

Job summary

Aviva in the United Kingdom is seeking an experienced Senior Insurance Risk Manager to provide independent oversight within the Global Life Insurance Risk team. The role focuses on life insurance risks, working with pricing, product, and finance to challenge assumptions and support risk governance.

Candidates should be a qualified actuary (FIA/FFA) or equivalent, with deep knowledge of life insurance products and risk management disciplines.

Qualifications

• Qualified actuary (FIA/FFA) or equivalent experience.
• Knowledge of life insurance products and operations.
• Understanding of life insurance risks (mortality, morbidity, longevity, persistency).
• Experience influencing business decisions through stakeholder engagement.
• Ability to work independently and manage priorities.

Skills

Qualified actuary (FIA/FFA)

Life insurance knowledge

Risk management

Stakeholder engagement

Independent work

Education

FIA/FFA or equivalent

Job description

Senior Insurance Risk Manager – Salary up to Circa £110,000

Locations York or Bristol

This is a great job for someone who is an experienced qualified life insurance actuary looking to broaden their experience within a Risk function. This role may particularly suit someone with experience in product, pricing, finance business partnering or internal audit who enjoys working closely with the business to help achieve its objectives in a safe and controlled way. It would be a great opportunity for someone looking to take the next step in their actuarial or risk career and develop their experience in independent risk oversight.

A bit about the job:

This role sits within the Global Life Insurance Risk team and is responsible for providing independent oversight and challenge across a range of life insurance risks. Working closely with pricing and business teams, you’ll help ensure risks are identified, assessed, measured and managed in line with risk appetite and governance requirements. You’ll review actuarial and pricing activity, including new products, distribution opportunities and pricing strategies, providing independent risk opinions and supporting effective risk mitigation. The role also includes assessing emerging risks, supporting oversight of international life insurance businesses, maintaining governance frameworks and helping ensure actuarial work is delivered in line with professional standards.

Skills and experience we’re looking for:

• Qualified actuary (FIA/FFA) or able to demonstrate equivalent experience.
• Knowledge of life insurance products and a strong understanding of how life insurance businesses operate and meet customer needs.
• Strong understanding of life insurance risks, including mortality, morbidity, longevity and persistency, and how these risks can be measured, managed and mitigated.
• Experience reviewing, challenging and influencing business decisions through effective stakeholder engagement and business partnering.
• Ability to work independently and manage priorities effectively within a collaborative environment.

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 up to circa £110,000 (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 - e.g. if you put in 8%, Aviva adds 14%
• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
• Aviva-funded Private Medical Benefit to help you get expert support when you need it
• 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

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 at least 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