Senior Manager - Rating Methodology Oversight

25 Sep 2020
28 Sep 2020
Contract Type
Full Time
The role is highly visible, involving engagement and collaborative working with various stakeholders within the Life business at different levels of seniority, internal and external Asset Managers, Rating Agencies, Advisors and Regulators.

You will therefore have the opportunity to make a major contribution to ensuring a “Best in Class” approach is developed for credit rating the annuity asset portfolio.

The role sits within the 2nd Line Risk Function, reporting to the Head of Investment Risk Oversight, and will work closely with a range of 1st Line Credit Colleagues depending on the particular asset class.

Key responsibilities of the role include:
  • Assessment and development of new internal credit rating methodologies to support the expansion of investment activity into new asset classes, sectors and geographies
  • Providing SME input and challenge for the existing methodologies, including co-ordinating the annual review and assessment of the effectiveness of the same
  • Presenting findings to key governance forums and committees that span the approval of new investments, management of existing exposure and regulatory compliance
  • Liaising with Rating Agencies, the PRA and auditors/consultants on rating methodology related matters and acting as a focal point for related projects and requests
  • Maintaining an awareness of the wider credit market environment, including changes in economic conditions or other external factors, and any associated trends in rating agency views or approaches

Skills & experience we wish to see:
  • Extensive experience of working with a range of credit rating methodologies, ideally gained from within a Rating Agency or a large financial institution
  • Strong understanding of scorecard-based rating approaches, including the ability to absorb the detail of unfamiliar asset types, their associated risks, and how these are reflected in the scorecard
  • A solid technical background, sufficient to grasp the main features of more complex rating methods and challenge more expert colleagues on whether the complexity is justified, learning more about bespoke UK Life models as the role develops
  • The ability to work collaboratively and communicate effectively with a range of internal & external stakeholders and to build positive relationships
  • Excellent organisational skills with the ability to prioritise, plan and adapt
  • Confidence to take the lead in discussions and take ownership where required, and present proposals to governance committees
  • Either a relevant degree (economics, finance, accounting, or related discipline) or relevant post-graduate qualification

What will you get for this role?
  • A competitive salary depending 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

Working at Aviva

At Aviva, we’re people with a purpose. To be with you today, for a better tomorrow.

We bring this to life by ensuring managing risk is at the heart of the way we all work. We love people who do the right thing for our customers, and our colleagues. We want people who speak up, who take responsibility, and who make good decisions.

The way we do this is important too. We always ‘Care More’. It’s our thing! We’re all about our people â€" that’s you â€" so we can be pretty flexible. If you want to work from home some of the time or change your hours so you can pick up your kids or care for someone in your family, we’re very open to that. In fact, we don’t advertise roles as either part or full time, because we know each person has different needs, just as each business area has different needs. So, it’s up to you to discuss working hours during your interview.

We care deeply about being inclusive and that means we encourage applications from people with diverse backgrounds and experiences. We want our employees to bring their whole self to work and that starts with you!

We interview every disabled applicant* that meets the minimum criteria for the job. Just send us an email once you’ve applied stating that you have a disclosed disability, and we’ll make sure we interview you.

*As defined in The Equality Act 2010*. By ‘minimum criteria’ we mean you should provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.