Senior Vice President of Enterprise Risk Management, Aviva
Insurance, wealth and retirement business
Be an early applicant
Insurance, wealth and retirement business
1001+ employees
Be an early applicant
1001+ employees
Company mission
To be with people when it really matters, throughout their lives.
Role
Who you are
- Bachelor’s degree and relevant professional designation (e.g., FCAS, FCIA, FSA, CRM) or equivalent combination of education and experience
- 15+ years of progressive risk leadership experience within the insurance and/or broader financial services industry
- Deep expertise in Enterprise Risk Management, including risk governance, risk appetite, risk culture, ORSA, stress testing, capital management, and regulatory compliance
- Strong understanding of insurance risks, including underwriting, pricing, claims, reserving, reinsurance, investments, and emerging risks
- Experience engaging with Boards, Board Risk Committees, and regulators (OSFI and/or equivalent regulatory bodies)
- Proven ability to develop and execute risk strategies that support business objectives, customer outcomes, and sustainable growth
- Exceptional leadership and stakeholder management skills, with the ability to build high-performing teams and influence executives, regulators, and cross-functional partners
- Strong strategic, analytical, and communication capabilities, including the ability to translate complex risk, actuarial, and financial information into clear business insights and drive organizational change
What the job involves
- The SVP, Enterprise Risk Management is a key member of the Aviva Canada Senior Risk Leadership Team, responsible for providing enterprise-wide leadership across risk business partnering, quantitative risk, insurance and financial risk, capital, model risk, and risk analytics
- The role supports the effective performance of Aviva Canada by overseeing the implementation of the Risk Management Framework, providing independent oversight and challenge to the first line, and ensuring the organization operates within its Board-approved risk appetite
- Working closely with the Chief Risk Officer, Executive Committee, and business leaders, the SVP delivers commercially focused risk insight and independent challenge on strategic and business decisions
- The role acts as a trusted advisor to senior stakeholders, ensuring robust governance, effective risk management, and a strong risk culture that support Aviva Canada's strategic objectives, regulatory obligations, and long-term resilience
- Partner with the ACAN CRO to shape and execute Aviva Canada's risk strategy and ensure the effective operation of the Risk Management Framework
- Provide independent, commercially focused risk insight and challenge to support strategic decision-making, growth objectives, and long-term value creation
- Ensure the organization operates within Board-approved risk appetite and maintains effective risk governance, oversight, and risk culture
- Support Executive Committee, Board Risk Committee, and ACAN Board reporting on key risk exposures, emerging risks, and risk management effectiveness
- Lead independent oversight of Aviva Canada's aggregate risk profile, including insurance, financial, capital, model, technology, data, change, and operational risks
- Provide effective review and challenge of business plans, capital deployment decisions, reinsurance strategies, material transactions, product development, pricing, and other significant business initiatives
- Monitor emerging risks and material changes in risk exposure, ensuring appropriate mitigation strategies are identified and executed
- Escalate significant risk issues and risk appetite breaches, providing clear recommendations for remediation and management action
- Provide enterprise leadership for insurance risk, financial risk, capital risk, risk modelling and risk analytics
- Accountable for overseeing Internal Model Independent Validation (IMIV) and material model governance across Aviva Canada
- Oversee independent validation activities and provide challenge on capital adequacy, economic capital, liquidity, financial resilience, and risk-return optimization
- Drive the evolution of quantitative risk capabilities and risk analytics to enhance business decision making and risk insights
- Lead the Risk Business Partnering team, ensuring Risk is a trusted advisor and constructive challenger to business leaders across Aviva Canada
- Build strong relationships with EC, regulators, Board members, Group Risk teams, and external stakeholders
- Represent Risk on key governance committees, industry forums, and global initiatives, promoting effective risk management practices and influencing outcomes
- Foster a culture of transparency, collaboration, and proactive risk management across the organization
- Lead and develop a high-performing team across Risk Business Partnering and Quantitative Risk
- Establish clear priorities, performance expectations, and accountability for delivery of high-quality risk outcomes
- Build organizational capability in risk management, business partnering, analytics, and technical risk disciplines
- Promote a culture of continuous improvement, talent development, and succession planning while ensuring Risk operates as a cohesive and high-performing function
Application process
- End Date: December 4, 2026
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 selling off subsidiaries in Indonesia, Italy, and many other countries, Aviva is refocusing on pensions. In the wake of a Pensions Dashboard Programme delay in the UK, Aviva partnered with the likes of Scottish Widows, Legal & General and Standard Life to participate in the programme as a leader in its field. This exemplifies Aviva’s renewed focus on the fintech sector, all whilst serving as a 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
(Group CEO)Currently Group Board Non-Executive Director at BP. Previously Chairman of the Welsh Rugby Union, Senior Advisor at Trov, CEO at Zurich Insurance Company.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 3 more jobs at Aviva