Credit Risk Manager

Aviva Plc

We have a fantastic opportunity for a tenacious Credit Risk Manager to join our group Credit Risk team that sits within Group Financial and Sustainability Risk. This is a great job for an experienced Credit Risk Manager with a genuine interest in the economy seeking to work with likeminded people in the UK’s leading Insurance, Retirement and Wealth business!

A bit about the job:

Credit risk is one of the largest risks Aviva faces. Managing this risk is a key part of our strategy to protect our customers and plays a vital role in helping Aviva grow in a safe and sustainable manner. We do this by ensuring we are within the credit risk appetite of the Board Risk Committee (e.g., through setting credit limits), helping businesses get the right return from the risk being taken (e.g., through asset class analysis), and supporting better decision-making (e.g., creating reinsurance contracts that mitigate credit risk in stress).

Additionally, you will:

1. Support quality, pro-active analysis of Aviva’s Credit position, including development of the Credit Limit Framework and the credit data systems (currently Clearwater and Qlik).
2. Support the effective & timely delivery of financial & non-financial information for internal and external publication purposes, related to Credit Risk, for both regular reporting and during times of financial stress.
3. Assist with the production of counterparty and exposure risk assessments, including for reinsurers/reinsurance.
4. Participate in the response to events, covering both idiosyncratic events and systemic credit risk events affecting market sectors.

Skills and experience we’re looking for:

1. Experience in building models/coding is strongly preferred.
2. Knowledge of a range of investment markets and asset classes, their key risk and return drivers, and their application to insurance company investment strategy and asset-liability management.
3. Sound judgement to facts/data, with strong analytic, interpretative, and modelling skills, meticulous mindset, and attention to detail.
4. Able to manage workload & relationships in a flexible, dynamic, and proactive manner.
5. Ability to prioritise and plan activities amid conflicting demands.

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. We invest in you and offer:

• National salary circa £70,000, London salary circa £80,000 (depending on location, skills, experience, and qualifications).
• Bonus opportunity – 10% of annual salary. Actual amount depends on your performance and Aviva’s.
• Generous pension scheme – Aviva will contribute up to 14%, depending on your contributions.
• 29 days holiday plus bank holidays, with options to buy or sell up to 5 days.
• 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 Aviva’s success with our Save As You Earn scheme.
• Supportive policies including parental and carer’s leave.
• Flexible benefits including sustainability options like cycle to work.
• Opportunity to make a difference through our Aviva Communities and use 3 paid volunteering days.
• Focus on wellbeing with available support and tools.

Learn more and calculate your potential total Aviva Reward using our salary calculator.

Aviva is for everyone:

We’re inclusive and welcome applications from all backgrounds and experiences. Even if you don’t tick every box, we encourage you to apply. We support flexible working arrangements, including part-time and job shares.

We adapt locations, hours, and working patterns to suit our customers, business, and you. Most employees work around 50% of their time in offices, combining flexibility with collaboration.

For more about working at Aviva, visit our website.

We interview every disabled applicant who meets the minimum criteria. Please notify us of any disclosed disability when applying.

Apply online or contact Tawana Chin at or for alternative application methods.

About the company

We protect 33 million customers from life’s uncertainties. As a composite insurer, we offer life, general, and health insurance, along with asset management-all in one place. Our focus is on putting customers at the heart of everything we do, ensuring a bright, sustainable future for all.