Internal Credit Ratings Analyst

4 days ago


York, Canada Aviva Full time

Internal Credit Ratings Analyst - National Salary Circa £35,000. London Salary Circa £50,000.

Aviva is building out its internal credit rating and governance team within the Finance function, reporting to the Rating Methodology Oversight Senior Manager. This role will work closely with a range of colleagues from the Annuity Asset Origination, Chief Investment Office and Aviva Investors teams depending on the particular asset class. The Internal credit rating team reports into the Life Actuarial Reserving Lead who supports the UK Life Chief Actuary, who has regulatory responsibility for the appropriateness of internal credit ratings.

A bit about the job:
This role supports the annuity business, which is a key driver of Aviva’s growth. Aviva is a central player in both the individual and bulk annuity markets, with much of the growth in new business volumes coming from bulk purchase annuities. Aviva invests annuity premiums in a wide range of UK and Overseas credit assets from both public and private debt markets, including Bonds, Equity Release Mortgages, Commercial Mortgages Structured Finance, and Infrastructure loans. All these assets require a credit rating, and hence an associated credit rating methodology. These credit ratings are used as a tool to manage credit risk and directly feed through to the matching adjustment calculation for Aviva’s annuity portfolio, a key part of Aviva’s future strategy.

The focus of this role is to provide support to the specialists within the Credit Rating Methodology team to execute the rolling methodology review plans including the production of regular MI to support ongoing assurance testing.

The role is an excellent development opportunity to contribute to the improvement of credit rating processes and controls in a growing business. This role will ensure that the governance of the internal rating methodologies runs effortlessly.

Aviva uses “smart-working”, and the person in this role can be based within, York, Bristol or London.

Skills and experience we’re looking for:
- Relevant undergraduate degree in economics, finance, accounting, or related discipline.- Strong analytical and organisational skills- Self-motivated, able to prioritise and adapt to changing demands- Ability to work under pressure and to deadlines.- Knowledge of private debt assets such as infrastructure loans, commercial mortgages and structured finance is desirable.

What you’ll get for this role:
- National Salary Circa £35,000, London Salary Circa £50,000 (depending on location, skills, experience, and qualifications).- Generous pension (starting level Aviva contributes 8% when you contribute 2%)- Eligibility for annual performance bonus- Family friendly parental and carer’s leave- 29 days holiday per year plus bank holidays and the option to buy/sell up to 5 additional days- Up to 40% discount for Aviva products- Brilliant flexible benefits including electric cars- Aviva Matching Share Plan and Save As You Earn scheme- 21 volunteering hours per year

Aviva is for everyone:
We are inclusive and

welcome everyone

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


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