Senior Risk Management Actuary

2 months ago


York, York City, United Kingdom Aviva Full time

Senior Actuarial Manager

Salary: £90,000 - £100,000

We are pleased to announce a unique opportunity for a Senior Actuarial Manager to become a vital part of our team on a fixed-term contract. This position is ideal for an individual with robust technical expertise who is eager to join our collaborative and determined team focused on enhancing our Credit Risk modelling strategies.

Overview of the Role:

This position is situated within our Group Actuarial & Capital Change (GACC) division, which is dedicated to our Credit Risk Modelling initiatives. The team aims to refine our methodologies for Credit Risk modelling to effectively support the capital reserves on our balance sheet and optimize pricing for our Bulk Purchase Annuities.

Your responsibilities will include analyzing the components of credit risk at a detailed level, assessing Matching Adjustment under stress scenarios, establishing calibration methods, and developing the approach for the Solvency Capital Requirement (SCR). You will also be tasked with producing documentation for expert panels, ensuring adherence to regulatory standards, and evaluating the implications of Solvency UK reforms.

Required Skills and Experience:

  • Qualified actuary with a background in credit risk modelling and annuity portfolios
  • Demonstrated success in technical actuarial roles, including actuarial functions and calibrations
  • Capability to work autonomously
  • Proficient in delivering work that meets the standards set by the PRA
  • Exceptional stakeholder management abilities, with a talent for simplifying and conveying complex information tailored to various audiences

Benefits of Joining Us:

At Aviva, we are committed to investing in our employees, reflecting our purpose - with you today, for a better tomorrow. Here are some of the benefits you can expect:

  • Competitive salary ranging from £90,000 to £100,000, based on location, skills, experience, and qualifications
  • Bonus potential of 12% of annual salary, contingent on individual performance and company results
  • Comprehensive pension scheme with contributions of up to 14% from Aviva, depending on your input
  • Generous leave policy including 29 days of holiday plus bank holidays, with the option to buy or sell up to 5 additional days
  • Financial perks such as up to 40% discount on Aviva products and various retailer discounts
  • Opportunity to receive up to £1,200 in free Aviva shares annually through our Matching Share Plan and participate in our Save As You Earn scheme
  • Supportive policies including parental and carer's leave
  • Flexible benefits tailored to your needs, including sustainability options like cycle-to-work schemes
  • Engage in community initiatives with Aviva Communities and utilize your 3 paid volunteering days to contribute to society
  • A strong focus on wellbeing with extensive support and resources available

Explore more about what we offer and how you can benefit from joining our team.

Aviva's Commitment to Diversity:

We embrace inclusivity and encourage applications from individuals with diverse backgrounds and experiences.

If you feel excited about this opportunity but don't meet every requirement, we encourage you to apply anyway. We understand that many candidates, particularly women, may hesitate to apply if they don't meet all criteria. We welcome applications from all, including those interested in job sharing.

We prioritize flexibility in locations, hours, and working patterns to meet the needs of our customers, our business, and you. Many of our employees enjoy a smart working approach, balancing time in the office with remote work.



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