Senior Investment Risk Oversight Manager, Aviva
£102-120k
+ Bonus
Insurance, wealth and retirement business
Be an early applicant
Insurance, wealth and retirement business
1001+ employees
Be an early applicant
£102-120k
+ Bonus
1001+ employees
Company mission
With you today, for a better tomorrow. Aviva exist to be with people when it really matters, throughout their lives.
Role
Who you are
- A strong understanding of multi-asset funds, financial markets and climate risk considerations
- 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
- Ability and drive to quickly acquire a deep understanding of the strategies, plans and performance in the relevant areas of Aviva’s Investment and Finance functions
- 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 in a fluid and matrix style team structure
- This role may be suited to an individual with a professional qualification e.g. CFA / Qualified Actuary / Accountant, but these are not essential
What the job involves
- The role reports to the Head of Financial Risk Oversight
- You’ll be reviewing and challenging IWR’s management of investment risk from customer investment funds, including their approach to risk identification and measuring risk impacts
- You’ll be helping to ensure that first line are managing these risks in accordance with stated policies and Board approved risk appetite measures
- In addition, you’ll also carry out oversight of IWR’s approach and progress in achieving its climate and sustainability ambitions
- 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 auto-enrolment business
- In so doing you’ll be reviewing the investment strategy approaches to asset management of £billions of investment activity
- 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 also ensure that out-sourced fund managers are managing UKL investment risk effectively and with best practice
Salary benchmarks
Our take
With 18 million international customers, Aviva is the largest provider of insurance and leading life and pension funds in the UK. With a history that dates back to the founding of Hand in Hand Fire & Life Insurance Society in 1696, Aviva’s current form is thanks to a merger between Norwich Union and CGU plc in the year 2000.
Over the noughties, Aviva grew its market out to Europe and established a high-profile foothold in America thanks to the most expensive advertising campaign of the time that included celebrities Alice Cooper and Bruce Willis. Into the 2010s, the insurance broker was forced to restructure and close a large number of its non-core businesses in a bid to increase its shareholder returns and streamline its focus. In 2012 it sold its US wing to Athene Holding to further this goal.
Now stripped back after sell-offs of subsidiaries in Indonesia, Italy, and many more countries, Aviva is refocusing on pensions. In the wake of a Pensions Dashboard Programme delay in the UK, Aviva is in the running to take over the programme thanks to its pre-existing private systems. This exemplifies Aviva’s renewed focus on the fintech sector, all whilst playing national analyst during the cost of living crisis thanks to its annual Age of Ambiguity study.
Steph
Company Specialist at Welcome to the Jungle
Insights
2% employee growth in 12 months
Company
Company HQ
City of London, London, UK
Leadership
Amanda Blanc
(CEO, not founder)Currently Group Board Non-Executive Director at BP. Previously Chairman of the Welsh Rugby Union, Senior Advisor at Trov, CEO at Zurich Insurance Company.
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