Reinsurance Risk Business Partner

Reinsurance Risk Business Partner

Salary: circa £95,000

This is an exciting opportunity to take on a brand-new role oversighting all aspects of Reinsurance in UK Insurance, Wealth and Retirement (UK IWR). 

It would suit someone who works collaboratively across teams; can influence and challenge but also seeks solutions; and enjoys the breadth and freedom of owning their area of expertise, choosing where to spend their time to ensure that the Risk Function is valuable, valued and trusted by all its stakeholders.

A bit about the job:

Reinsurance is an important strategic tool used by UK IWR to manage its exposure to insurance risks, improve profitability, manage balance sheet volatility, source assets and provide access to expertise. 

Due to the significant transfer of risk and associated material counterparty exposures, the complex structures and operating mechanisms and the increased use of more innovative reinsurance approaches, there is a need to ensure robust end to end 2nd line oversight of Reinsurance.

The role holder will drive forward Risk’s oversight of the placement and management of all reinsurance in UK IWR supporting the 1st line to deliver safely on its strategic ambition, including through:

• Support, challenge and oversight of the end-to-end reinsurance activity in UK IWR across each business l and functional area

• Review and challenge of the framework and governance processes to appropriately manage reinsurance risk

Skills and experience we’re looking for:

• Solid understanding of different reinsurance structures used in Life Insurance and the risks impacted by them, including insurance, credit and operational risks

• Proven problem solving and analytical skills with an agile approach and ability to prioritise effectively and operate at both a deep and broad level of information and complexity as required. With the ability to champion clarity, seek efficient and pragmatic methods to drive outcome focused solutions to business and regulatory problems

• Excellent empathy and resilience along with strong interpersonal, verbal and written communication and presentation skills and the ability to gain confidence of senior management and challenge the status quo

• The ability to operate in a matrix structure and build strong networks across a range of collaborators internal to the Risk function, with the wider business and with Reinsurers

• A broad understanding of (or building towards an understanding of) statutory, legal and regulatory frameworks, risk management and corporate governance

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.

• Salary circa £95,000, depending on location, skills, experience, and qualifications

• Bonus opportunity - 12% 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 people with diverse backgrounds and experiences.

Excited but not sure you tick every box? Research tells us that women, particularly, feel this way.  So, regardless of gender, why not apply. And if you’re in a job share just apply as a pair.

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 Guv Johal a call on 0750 008 7919 or send an email to Guv.Johal@aviva.com.