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ALM Manager - Aviva(1 Post)
Aviva now have a superb opportunity for a ALM Manager to join our Group ALM Team, reporting to our Head of ALM and Group ALM & Treasury Director.
In the context of the Group Capital function, this Group ALM team work to optimise the ALM position of the Group to achieve the best balance between market, credit risk and return (thereby maximising return on capital) whilst protecting balance sheets from downside market & credit risk. These exposures form the largest risks to Aviva's capital position, but also represent a key source of return and profitability.
Optimising our ALM position involves key day-to-day decisions on asset allocation, the market & credit risks embedded in new business, bonus strategy in participating funds and derivative hedging. It relies on establishing and maintaining a detailed understanding of the asset & liability profile, and reporting this understanding on a regular basis to the Group ALCO, CFO, CRO, Executive Committee and the Board. This role is a key position in this close, collaborative team, with influential engagement internally and externally, but also the capacity to explore new assets/internal governance for Aviva.
This team is based in our London office, but as Aviva introduced "smart-working" in 2020, and the person in this role can be based anywhere in the UK, as long as they are comfortable regularly travelling to our London offices.
The role's duties & responsibilities:
Providing insight on ALM exposure and their impact on Aviva's capital position
Supporting Group shareholder evaluation and challenging on asset allocation, and investment decisions in businesses - including shareholder opinions and review/support/challenge for BU proposals
Prioritising the Group objectives, metrics and constraints for ALM decision-making across the Group
The ongoing development and implementation of a robust strategic asset allocation framework
Controlling investment into new asset classes, ensuring suitability and the operational capability to invest across Group
Skills & experience required:
Reporting and engaging regularly with a spectrum of stakeholders on behalf of insurance investment - CRO, CFO, Executive Committees, Board, etc.
Appropriate business experience including insurance, asset management or trading experience
Good understanding of financial markets, risk, the insurance industry and the investment universe available to insurers
A habit of analysing situations from a number of perspectives, balancing short- and long-term considerations; combining judgement with experience
A degree plus a recognised investment or actuarial qualification
Track record of working in an international environment
Experience in asset and liability exposure management and hedging is desirable
Change management ability would be beneficial
Willingness to explore new business areas
What will you get for this role?
A competitive salary based on location, 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