Hedging Manager- Group Asset Liability Management (ALM)
The salary banding for the role ranges from £34,900 to £74,100 and is flexible depending on experience.
Aviva are looking for a Manager to join their Hedging and Complex Assets team. The team optimises the Asset Liability Management (ALM) position of the Group to achieve the best balance between risk and return (thereby maximising return on capital) whilst protecting the Group's balance sheet from downside market and credit risk.
Reporting into the Hedging Complex Assets Director, you'll assist in structuring, reviewing and supporting Group and business unit hedging programmes. This will ensure the most efficient and effective hedging programmes are put in place, taking advantage of natural diversification within the Group and negotiating with investment banks on potential transactions. Tasks will include structuring and pricing transactions and performing back-testing and statistical analysis to measure hedge effectiveness and estimate capital benefits.
You'll also be responsible for managing and further developing relationships with peers within Group Risk and Capital and with investment banks and asset managers. This will ensure that we stay fully abreast of the latest hedging techniques and opportunities and their applicability within Aviva.
In addition, you'll be interacting with Aviva Investors and business units on a regular basis and in a structured manner. This will help ensure a high standard of implementation for on-going and new hedging programmes across the Group.
This is a specialised technical role with a significant impact on bottom line. It also provides the opportunity to play a key and leading role in the development and implementation of hedging strategies within an innovative team for a global, composite insurer.
Essential skills/ experience:
*Degree
*Appropriate business experience including insurance, asset management and / or transaction structuring experience across capital markets
*Solid demonstrable experience in senior roles focussed on the insurance industry
*Experience in asset and liability management, hedge structuring and execution
*Strong technical and practical knowledge of financial products and hedging
* Strong technical understanding of insurance products and liabilities and their risk management
*Strong IT skills, including advanced Excel and VBA would be an advantage.
*Strong analytical skills, ability to model portfolios of assets and liabilities
*Strong written / oral communicator
Desirable skills/ experience:
*Investment or actuarial qualification
*Good time managing and strong organisational skills
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