Head of Insurance Risk

London Salary Circa £125,000

National Salary Circa £110,000

Closing 20th September 2024

This is a great opportunity for a highly motivated individual to join a dynamic, agile and visible team in a key leadership position, driving and influencing the appropriate understanding and management of insurance risks and opportunities in real time across the Aviva Insurance Limited’s (AIL) UK General Insurance entity. They will also play a key role in partnering AIL’s Commercial and Distribution units to assist them in ensuring their decision-making is appropriately risk aware.

A bit about the job:

You will provide key thought leadership to identify, measure, oversee and partner the business on its insurance risks and opportunities during the decision-making process. This will include the leadership and development of a small team of insurance risk experts providing services to Risk Business Partners and the CRO. You will lead on the second line review of insurance risk management at AIL, ensuring alignment with and our risk preferences and broader risk appetite framework; reviewing, challenging and providing opinions on the design of business plans, trading and underwriting strategies, distribution deals/M&A, control frameworks and their execution; author key risk reports as required; support the CRO in meeting regulatory requests; ensuring the continuing effectiveness of the Risk Management Framework across underwriting and trading teams; and targeted deep dives on emerging risk themes. You will also provide Risk partnership to AIL’s SME and Distribution units to support them in ensuring their decision-making is appropriately risk aware.

Skills and experience we’re looking for:

• Experienced risk, distribution, underwriting, pricing, or finance professional who is driven, curious, commercially minded and ready for a challenge in supporting insurance risk in the UK’s biggest General Insurance company. Familiarity with some of the lines of business written by AIL across personal lines and especially commercial lines is required alongside a knowledge of financial and conduct processes.
• Excellent communications skills (both verbal and written), analytically minded yet with ability to articulate difficult and complex issues precisely and concisely to senior stakeholders and decision makers. Experience of the London Market would be advantageous
• Leadership skills key to continually develop a high performing team to support Aviva’s strategy and ongoing growth
• Critical thinker with proven ability to review and appropriately challenge material business decisions, taking ownership of issues and building collaborative relationships across the three lines of defence
• Ability to ‘join the dots’, spotting emerging trends and potential risks and opportunities to the business with clear articulation of the impact these might have on AIL’s key performance metrics and appetites

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.

• London salary circa £125,000, National salary circa £110,000, (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 give Tawana Chin a call on 07789 624461 or send an email to tawana.chin@aviva.com.