Senior Market Risk Manager recruitment

This role sits within the Global Financial Risk function that operates across Aviva Group. The team plays a pivotal role in supporting first line management to identify, measure, manage, monitor and report key risks across the group's assets and liabilities, and associated key controls, to help create better business decisions.

The Global Financial Risk team is part of the Group Risk function and provides exciting opportunities to work closely with the local Financial Risk teams in Europe, UK, North America and Asia Pacific.

The Risk function is forward looking and must have a deep understanding of the strategies, plans and performance of Aviva, to allow for effective support for and challenge to key business decisions. This involves being embedded in all our business areas - all with the intention of helping our businesses perform better through an effective management of key risks.

This role, within the Global Financial Risk function, is attractive for someone who enjoys making a real difference, contributing to better decision making and business performance.

The Market Risk team has a focus on the following asset classes:
* Fixed income/Interest rates/Inflation
* Equities
* Foreign Exchange
* Property/Hedge funds/Commodities

The team is responsible for the reviewing and challenging the management of exposure to the embedded financial risks in these asset classes including the approach to risk identification and measuring risk impacts. In addition, the team is responsible for liquidity risk.

The team will also be involved in researching initiatives and change that helps to mitigate financial risk in a number of complex areas.

In addition the team reviews the approach to capital management and asset and liability management ensuring that the first line are managing these risks in accordance with stated policies and risk appetite measures.

As Senior Risk Manager you will also provide Risk's independent opinion of the risk exposure, helping to advise the business on how best to manage and mitigate these exposures.

You will be part of a Market Risk team of 3

Key Responsibilities
Risk Profile Insight Analysis
* Pro-actively providing specialist insight and analysis of market risk profile monitoring
* Escalating breaches in risk appetite/limits and material issues
* Independently advising the senior management on risk issues and providing analysis of risk profiles to inform decision making
* Strong understanding of contributions to drivers of change in reported capital results and the relative results of each measure
* A strong understanding of the key elements of the underlying financial risks including solid technical skills to understand the quantitative features of the complex credit assets
* Submitting MI and producing thematic reviews to the Risk SLT and key committees such as Group ALCO

Review challenge risk and control assessments
* Independently reviewing and challenging the business's assessment of the complex credit risk
* Supporting the business by advising and recommending enhancements to the assessment of risks for new and existing product and business initiatives

Risk Reviews
* Technical input or support to Regulatory Operational Risk teams for their conduct of risk reviews

Policy setting and maintenance
* Reviewing and challenging financial risk policies
* Monitoring implementation of policies
* Setting methodology standards for risk assessment
* Supporting the business with policy and standards communication and training

Risk model validation and oversight
* Validating the methodology, reporting validation findings providing recommendations for improvement
* Overseeing the governance of risk models and assessment tools to ensure they are approved and maintained

Management
* Exercising good leadership and people-management skills
* In depth knowledge of the company products, organisation and structures
* Proactive and influential management of and communication to key stakeholders
* Ability to maintain good relationships whilst having an independent view of the business and providing challenge

* A high impact individual, who provides confident and credible challenge to senior stakeholders
* Broad understanding of industry leading practices in terms of financial market risk
* Sound understanding of the business environment , products and processes
* Deep understanding of the key processes and models underlying financial asset valuation and risk management
* An understanding of capital management techniques and various valuation (IFRS, MCEV) bases
* Broad awareness of insurance regulatory and accounting regimes, with Solvency II knowledge a plus
* Wide range of experience of financial markets asset classes and transactions a plus
* Background in economics and/or experience writing economics research a plus
* Inquisitive and analytical
* Ability and drive to quickly acquire a deep understanding of the strategies, plans and performance in the relevant areas of Aviva
* Ability to synthesise complex information into key actions / recommendations for the business
* Ability to present complex information in a straightforward and clear manner facilitating the right actions and responses
* Ability to work under pressure and to deadlines
* Energy, drive and a 'can do' attitude