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ALM and Hedging Manager

Easton, Bristol, United Kingdom
Competitive Salary
Closing date
Jan 15, 2022

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Job Role
Contract Type
Full Time
Level of qualification
Qualified, CIMA
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Aviva are now looking for a Manager to join our Technical Shared Services ALM and Hedging team.

The role holder will assist in structuring, reviewing and supporting Group and business unit hedging programmes and strategic asset allocations. Tasks will include assisting with structuring transactions and performing analysis to measure hedge effectiveness with a view to managing the ALM position of businesses across the Group. This person will also be developing relationships with peers within Group Capital, and across Finance and Risk in Aviva.

This is a specialised, technical role which provides the opportunity to play a key and leading role in the development & implementation of hedging strategies within an innovative team for a global, composite insurer.

Aviva use Smart Working, and the person in this role can be based anywhere in the UK, as long as they are comfortable regularly travelling to either our Bristol, London or York offices 3 times a week.

The role's duties & responsibilities

The role of this team is to optimise the asset-liability position of the Group to achieve the best balance between financial risk and return (thereby maximising return on capital) whilst protecting the Group's balance sheet from downside market and credit risk. These exposures form the largest risks to Aviva's capital position but also represent a key source of return and profitability. The financial decisions associated with the ALM position can make the biggest difference in the short term to our customers and investors. Responsibilities can include:

  • Being part of the identification & implementation of efficient and effective derivative hedging programmes throughout the Group - including equity, credit and FX hedging programmes

  • Assisting with the management of the UK, Ireland and Group ALM positions

  • Capital generation analysis to support investment and asset allocation decisions including identification of any capital management optimisation opportunities

  • The ongoing development and implementation of a robust strategic asset allocation (SAA) working with Aviva Investors to ensure that the Group overall operates at the efficient frontier of risk/reward

  • Providing management information for various forums and committees on hedging and derivative activity

  • Assisting with development of strategies for asset positions in market stress events

Skills & experiences required:

  • Appropriate business experience including insurance, asset management and/or transaction structuring/execution experience across capital markets

  • Significant experience across asset and liability management, hedge structuring and implementation across asset classes

  • Familiarity with derivatives across a broad range of asset classes

  • Strong technical and practical knowledge of financial products and hedging applications

  • Robust practical analytical skills

  • A finance or science degree or a postgraduate finance/business qualification would be an advantage

What will you get for this role?

  • A salary up to 55,000 to 70,000 depending on location, skills, experience and qualifications

  • Generous defined contribution pension scheme

  • Annual performance related bonus and pay review

  • Holiday allowance of 29 days plus bank holidays and the option to buy/sell up to 5 additional days

  • Up to 40% discount for some Aviva products through "My Aviva Extras" plus discounts for Friends and Family (some exclusions apply)

  • Excellent range of flexible benefits to include a matching share save scheme

Working at Aviva

At Aviva, we're people with a purpose. To be with you today, for a better tomorrow.

We bring this to life by ensuring managing risk is at the heart of the way we all work. We love people who do the right thing for our customers, and our colleagues. We want people who speak up, who take ownership, and who make good decisions.

The way we do this is important too, we're all about our people - that's you - so we can be pretty flexible. If you want to work from home some of the time or change your hours so you can pick up your kids or care for someone in your family, we're very open to that. In fact, we don't advertise roles as either part or full time, because we know each person has different needs, just as each business area has different needs. So, it's up to you to discuss working hours during your interview.

We care deeply about being inclusive and that means we encourage applications from people with diverse backgrounds and experiences. We want our employees to bring their whole self to work and that starts with you.

We interview every disabled applicant* that meets the minimum criteria for the job. Once you've applied, please send us a separate email stating that you have a disclosed disability and we'll make sure we interview you.

We'd love it if you could submit your application online. If you require an alternative method of applying, please give Daniel Hopchet a call on 0121 234 7625 or send an email to

*As defined in The Equality Act 2010*. By 'minimum criteria' we mean you should provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.

    Job InfoType:

    London (UK), Bristol, Flexible, York
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