Head of Credit Risk Oversight – Private Asset

Location: York / Perth

Head of Credit Risk Oversight – Private Asset
Salary circa £120,000

This is a great job for someone who thrives on bringing clarity to complex financial risk and enjoys influencing high stakes decisions. 

 
If you’re experienced in private asset, credit/investment risk, actuarial or financial risk oversight—and you’re ready to step into a visible role where your expertise shapes how Aviva manages complex credit exposures—this could be a brilliant next move. 
It would particularly suit someone who has worked in a UK Life insurance environment or who is excited to take on leadership of a specialist team in an inclusive, collaborative way. 

A bit about the job: 

This role exists to provide independent, expert oversight of Aviva’s exposure to complex credit risks within our UK Insurance, Wealth & Retirement (IWR) business. You will play a key part in ensuring Aviva remains resilient and well positioned as we manage material credit risks linked to our annuity and investment portfolios. 

You will be joining our Finance & Investment Risk Business Partnering team—working closely with senior stakeholders across Investment, Risk, Actuarial and Finance. Your work will help ensure credit risks are well understood, well governed, and managed within our stated risk appetite. 

In this role, you will be accountable for delivering high quality challenge and oversight on areas such as new asset approvals, credit structuring, modelling, rating approaches, Matching Adjustment compliance, and oversight of Aviva’s asset managers. 

You will also lead a small team of specialists, helping them succeed while ensuring Aviva maintains a strong, values led risk culture. 

Skills and experience we’re looking for: 

• A deep understanding of credit, liquidity and market risk in the sourcing of private asset, ideally in the context of a long-term insurer. 

• Knowledge of Solvency UK Matching Adjustment regulations and how they interplay with sourcing assets for a long-term insurer, would be ideal. 

• An understanding of the key risks and oversight required of outsourced asset management services.  

• A high impact independent thinking leader, who provides confident and credible challenge and advice to senior stakeholders within the business including the Chief Investment Officer and Chief Finance Officer.  

• Ability to form trusted relationships across a large diverse organisation with an adaptable and flexible style. Ability to work under pressure and to deadlines and an energy, drive and a ‘can do’ attitude.  

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.  And one of the ways we live up to that promise is by investing in you.  We have so much to offer when it comes to being an Aviva colleague.

• Salary circa £120,000 (depending on location, skills, experience, and qualifications)
• Bonus opportunity – 25% of annual salary Actual amount depends on your performance and Aviva’s.
• Generous pension scheme - Aviva will contribute up to 14%, depending on what you put in.
• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
• Make your money go further - 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 the success of Aviva with our Save As You Earn scheme
• Brilliantly supportive policies including parental and carer’s leave
• Flexible benefits to suit you, including sustainability options such as cycle to work
• Make a difference, be part of our Aviva Communities and use your 3 paid volunteering days to help others
• We take your wellbeing seriously with lots of support and tools

Take a look to learn more.  Put a salary into this calculator to see what your total Aviva Reward could be.

Aviva is for everyone:

We’re inclusive and welcome everyone – we want applications from all backgrounds and experiences. Excited but not sure you tick every box? Even if you don’t, we would still encourage you to apply. We also consider all forms of flexible working, including part time and job shares.

We flex locations, hours and working patterns to suit our customers, business, and you. Most of our people are smart working – spending around 50% of their time in our offices every week - combining the benefits of flexibility, with time together with colleagues.

To find out more about working at Aviva take a look here

We interview every disabled applicant who meets the minimum criteria for the job. Once you’ve applied, please send us an email stating that you have a disclosed disability, and we’ll interview you.

We’d love it if you could submit your application online. If you require an alternative method of applying, please send an email to beatrix.rozsa@aviva.com