Senior Manager – Credit Ratings Senior Manager – Credit Ratings …

in London, England, United Kingdom
Permanent, Full time
Last application, 24 Sep 19
competitive salary depending on skills, experience and qualifications
in London, England, United Kingdom
Permanent, Full time
Last application, 24 Sep 19
competitive salary depending on skills, experience and qualifications
A key driver for Aviva’s growth is its annuity business. Aviva is a crucial player in both the individual and bulk annuity markets, with much of the growth in new business volumes coming from bulk purchase annuities where transaction volumes tripled from 2016 to 2017, with new highs reached in 2018

Aviva utilise both Internal and External Credit Assessment Institution (ECAI) methodologies for credit rating purposes, responsibility for which resides with 2nd Line Risk, supported by 1st Line Credit. This new position will perform a meaningful role in terms of the associated assessment and oversight processes.

This position will take the lead on Credit Rating Methodologies in order to support investment activity and management of portfolio risks. This will include owning the review of all new rating methodologies, material adjustments, efficiency of existing approaches, and showcasing findings to key vital business partners. It will be a highly visible role involving engagement with all functions involved in the investment lifecycle. The role holder will therefore could make a major contribution to ensuring a “Best in Class” approach is maintained.

Some aspects of the role will include:

  • Assessing and developing new internal credit rating methodologies to support the expansion of investment activity into new asset classes, sectors and geographies
  • Providing SME input and challenge into the existing methodologies, including the annual review and assessment of the efficiency of the same
  • Presenting findings to pivotal governance forums and committees that span the approval of new investments, management of existing exposure and regulatory compliance
  • Liaising with ECAIs, the PRA and auditors/consultants on rating methodology related matters and acting also as a focal point for related projects and requests

What knowledge, skills & experience are we looking for?

  • Extensive experience of working with credit rating methodologies, ideally gained from working within ECAIs, and if not, then large financial institutions.
  • Either a relevant degree (economics finance, accounting or related discipline) or relevant post-graduate qualification (e.g. CFA)
  • A detailed understanding and experience of credit risk across multiple asset classes, products and risk profiles
  • Experience across all segments of the credit lifecycle from origination to portfolio management, and performing to non-performing status
  • The ability to apply conceptual thinking to identify and resolve critical issues
  • A high level of proficiency in accounting principles and techniques
  • The ability to give advice and mentorship within specialisation to staff at all levels
  • Excellent organisational skills with the ability to prioritise, plan and adapt
  • Strong interpersonal and communication skills with a proven ability to influence decision-making at senior levels
  • A desire to build and maintain positive relationships with internal and external contacts
  • Knowledge of regulatory capital requirements and the management of credit risk for financial services firms

What will you get for this role?

  • A competitive salary depending on skills, experience and qualifications
  • Generous defined contribution pension scheme
  • Annual performance related bonus and pay review
  • Holiday allowance of 29 days plus bank holidays and the option to buy/sell up to 5 additional days
  • Up to 40% discount for some Aviva products through “My Aviva Extras” plus discounts for Friends and Family (some exclusions apply)
  • Excellent range of flexible benefits to include a matching share save scheme

We care about the well-being of our employees!

How you feel at home, work and all aspects of your life are important to us. Our programme – ‘Be Healthy’, ‘Be Mindful’, ‘Be Secure’ and ‘Be Awesome’ supports your physical, mental, financial and social well-being.

Here are just a few highlights:

  • Download Aviva Digital GP - a 24/7 personal GP service that enables a video consultation with a GP and pharmacy service at the touch of a button
  • We offer all UK employees subscriptions to Headspace for free!
  • We have subsidised 70% off the normal gym membership prices, meaning for a reduced monthly fee giving access to a wide range of fitness venues

Additional Information and Equal Opportunity

One of Aviva’s core values is Care More, and this is brought to life through the flexible ways we love to work. This may include working from home some of the time, or flexible work schedules to accommodate parent and carer responsibilities, further studies and hobbies.

Our diversity and inclusion policies and initiatives are crafting an environment where everyone feels welcome regardless of age, disability, race, ethnicity, gender, gender identity, religion, culture, sexual orientation, national origin, marital status, pregnancy, maternity or those with other caring responsibilities. Our approach helps to ensure Aviva as a place which values difference and provides equal opportunities for all.

As a disability confident employer, we guarantee to interview anyone with a disability (as defined in The Equality Act 2010) whose application meets the minimum criteria for the post. (By ‘minimum criteria’ we mean that you should provide us with evidence which demonstrates that you generally meet the level of competence required, as well as meeting any of the qualifications, skills or experience defined as essential). Please apply through the website and then email the contact listed in the advert to notify us that you meet the conditions for the guaranteed interview scheme.

We prefer all applications to be submitted online, however if you require an alternative method of applying please contact Daniela Krol in the Resourcing team on 0121 234 7660 or