Risk Manager, Aviva
£63.8-75k
+ 10% Bonus opportunity & Free shares
Insurance, wealth and retirement business
Be an early applicant
Insurance, wealth and retirement business
1001+ employees
Be an early applicant
£63.8-75k
+ 10% Bonus opportunity & Free shares
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
- This is a great job for someone with risk management, finance or actuarial experience within the insurance industry
- If you enjoy working independently, have strong communication skills, and are able to see the big picture, we would love to hear from you!
- Excellent written and verbal communication skills, with strong experience in report writing, including ability to present to Management Committee meetings
- Experience within the insurance industry is necessary, focussing on risk management and/or actuarial, accounting, audit or strategy experience
- Qualified actuary, accountant or similar professional qualification (or working towards qualification)
- Knowledge of relevant regulatory frameworks for insurers, in particular Solvency II
- Ability to rationalise and consolidate large quantities of information, highlighting most material points
What the job involves
- The role will focus on a wide variety of activities supporting effective risk management and oversight for AII (Aviva International Insurance), Aviva’s internal reinsurer
- You will be challenged to apply your skills innovatively and creatively to solve complex problems, thinking with a global mindset and actively seeking out ways to enhance the value of the Function in line with Aviva's purpose and values
- You will be responsible for working with the AII Head of Risk and AII Senior Risk Manager to support the AII Chief Risk Officer in the discharge of their responsibilities
- The role is particularly focussed on enterprise-wide risks and the Risk Management Framework within AII, with some involvement of actuarial aspects
- That includes providing support in capital and actuarial risk areas, including setting and monitoring risk appetites
- Produce quarterly CRO (Chief Risk Officer) report to the AII Board and any further risk reporting to Group, with support from AII Head of Risk
- Support AII Head of Risk in reporting on emerging risks, including regular deep dives
- Provide support, oversight, and challenge to 1st line in implementing and maintaining the risk management framework, including operational risk management
- Carry out risk review of RCSAs (risk and control self-assessment) and input into management of risks outside tolerance
- Produce risk opinions on business decisions throughout the year and input into annual review of the Business Plan
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 values
- Care
- Commitment
- Community
- Confidence
Company HQ
City of London, London, UK
Articles
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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