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- Tasks: Manage credit risk, set limits, and analyse asset classes to protect customers.
- Company: Join Aviva, a leading UK Insurance, Retirement, and Wealth business.
- Benefits: Enjoy a competitive salary, bonus opportunities, generous holidays, and flexible working options.
- Why this job: Be part of a dynamic team focused on sustainable growth and customer protection.
- Qualifications: Experience in model building or coding, with strong analytical skills required.
- Other info: Diversity and inclusivity are valued; flexible working arrangements supported.
The predicted salary is between 42000 - 84000 £ per year.
Join to apply for the Credit Risk Manager role at Aviva.
Location: London, Bristol, Norwich, and York.
We have a fantastic opportunity for a tenacious Credit Risk Manager to join our group Credit Risk team within Group Financial and Sustainability Risk. This role is ideal for an experienced Credit Risk Manager with a genuine interest in the economy, seeking to work with like-minded professionals in the UK’s leading Insurance, Retirement, and Wealth business.
About the job:
Credit risk is one of the largest risks faced by Aviva. Managing this risk is central to our strategy to protect customers and support sustainable growth. Responsibilities include setting credit limits, asset class analysis, and creating reinsurance contracts to mitigate credit risk during stress scenarios.
Key responsibilities:
- Support analysis of Aviva’s Credit position, including development of the Credit Limit Framework and credit data systems (currently Clearwater and Qlik).
- Ensure timely delivery of financial and non-financial information related to Credit Risk for internal and external reporting, including during financial stress.
- Assist with counterparty and exposure risk assessments, including for reinsurers/reinsurance.
- Participate in responses to credit events, both idiosyncratic and systemic.
Skills and experience:
- Experience in model building or coding is strongly preferred.
- Knowledge of investment markets, asset classes, and their application to insurance strategy and asset-liability management.
- Strong analytical, interpretative, and modelling skills with meticulous attention to detail.
- Ability to manage workload and relationships proactively in a dynamic environment.
- Excellent prioritisation and planning skills.
What you’ll get:
- Salary circa £70,000 in most locations, circa £80,000 in London, depending on experience.
- Bonus opportunity of 10% of annual salary, performance-dependent.
- Generous pension scheme, with contributions up to 14%.
- 29 days holiday plus bank holidays, with options to buy or sell days.
- Discounts on Aviva products and other retailers.
- Up to £1,200 of free Aviva shares annually through our Share Plan and Save As You Earn scheme.
- Supportive policies including parental and carer’s leave.
- Flexible benefits, including sustainability options like cycle to work.
- Paid volunteering days and community involvement opportunities.
- Comprehensive wellbeing support and tools.
We value diversity and inclusivity. Applications from all backgrounds are encouraged, and flexible working arrangements are supported.
For more information about working at Aviva, please visit our careers page.
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Credit Risk Manager employer: Aviva plc
Contact Detail:
Aviva plc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Manager
✨Tip Number 1
Network with professionals in the insurance and finance sectors. Attend industry events or webinars where you can meet people who work at Aviva or similar companies. Building these connections can give you insights into the company culture and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends in credit risk management and the economic factors affecting the insurance industry. Being well-versed in current events will help you engage in meaningful conversations during interviews and demonstrate your genuine interest in the field.
✨Tip Number 3
Prepare for technical questions related to model building and coding, as these skills are strongly preferred for the role. Brush up on relevant software like Clearwater and Qlik, and be ready to discuss how you've applied analytical skills in previous roles.
✨Tip Number 4
Showcase your ability to manage relationships and workload in dynamic environments. Think of specific examples from your past experiences where you successfully navigated challenges, as this will highlight your suitability for the fast-paced nature of the role.
We think you need these skills to ace Credit Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management, model building, and analytical skills. Use specific examples that demonstrate your ability to manage credit limits and assess exposure risks.
Craft a Compelling Cover Letter: Write a cover letter that showcases your genuine interest in the economy and how it relates to the role. Mention your understanding of Aviva's strategy and how your skills align with their needs in managing credit risk.
Highlight Relevant Skills: Emphasise your strong analytical and modelling skills in your application. Provide examples of how you've successfully managed workloads and relationships in dynamic environments, as these are key for the Credit Risk Manager role.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is crucial for this position.
How to prepare for a job interview at Aviva plc
✨Understand Credit Risk Fundamentals
Make sure you have a solid grasp of credit risk concepts, especially as they relate to the insurance industry. Be prepared to discuss how credit limits are set and the importance of asset class analysis in managing risk.
✨Showcase Analytical Skills
Highlight your analytical and modelling skills during the interview. Be ready to provide examples of how you've used these skills in previous roles, particularly in relation to financial data and risk assessments.
✨Familiarise Yourself with Relevant Tools
Since the role involves using systems like Clearwater and Qlik, it’s beneficial to familiarise yourself with these tools beforehand. If you have experience with similar software, be sure to mention it.
✨Demonstrate Proactive Relationship Management
Discuss your approach to managing relationships in a dynamic environment. Provide examples of how you've successfully navigated challenges and maintained effective communication with stakeholders.
