Head of Group Life Insurance Risk

Head of Group Life Insurance Risk – Salary £125,000 - c. £135,000

This is a great job for someone who wants to shape the life insurance risk agenda of one of the UK's leading insurers and play a direct role in supporting Insurance, Wealth & Retirement (IWR)'s ambitious growth plans

We're looking for a commercially minded risk leader to join our UK Insurance, Wealth & Retirement (IWR) Risk team as Head of Group Life Insurance Risk. This role would suit a qualified actuary with deep life insurance expertise, a strategic mindset and a track record of leading high-performing and inclusive teams in a regulated financial services environment. You'll enjoy working across the business, helping to enable sustainable growth while maintaining strong risk discipline and delivering good customer outcomes.

A bit about the job:

As Head of Group Life Insurance Risk, you'll support the delivery of UK IWR's strategic ambitions by providing independent oversight, challenge and insight across the life insurance risks that underpin the business. Reporting to the IWR Enterprise Risk Director, you'll lead second-line oversight of longevity, mortality, morbidity, persistency and reinsurance risks, helping to ensure they are effectively understood, managed and optimised to support sustainable growth, capital efficiency and strong customer outcomes. Working closely with senior leaders across Risk, Finance and the business, you'll provide expert challenge and insight on strategic initiatives, pricing decisions, business opportunities, reinsurance arrangements and emerging risks. You'll lead a team of insurance risk specialists and help foster a culture of technical excellence, constructive challenge, continuous improvement and inclusion. The role also provides oversight of life insurance risk management across other parts of the Aviva Group, giving you the opportunity to influence strategic thinking and risk management practices beyond UK IWR.

Skills and experience we’re looking for:

• Extensive experience in life insurance risk, actuarial, pricing, product development or financial management, with strong expertise across longevity, mortality, morbidity, persistency and reinsurance risk.

• Strong knowledge of enterprise risk management, regulatory requirements and governance frameworks within the life insurance sector.

• Excellent communication and stakeholder management skills, with the ability to influence, support and provide constructive challenge to senior leaders across Risk, Finance and the wider business.

• Commercially astute and strategically minded, able to balance robust risk management with business growth objectives while translating complex issues into clear, actionable insights.

• Qualified Actuary (FIA/FFA) or equivalent experience, with proven leadership capability, a collaborative approach and a track record of building high-performing and inclusive teams and effective cross-functional relationships.

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.

• Starting salary between £125,000 and c. £135,000 (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 - e.g. if you put in 8%, Aviva adds 14%
• 29 days holiday plus bank holidays, and you can choose to buy or sell up to 5 days
• Aviva-funded Private Medical Benefit to help you get expert support when you need it
• 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 at least 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'd love it if you could submit your application online. If you require an alternative method of applying, or if you have any queries in relation to the vacancy, please email seema.rana@aviva.com