Model Validation Senior Manager

Model Validation Senior Manager Salary: National – circa £95,000, London – circa £110,000 Aviva's Model Risk Management Framework requires active oversight and independent validation for significant models. To ensure this, Aviva has established the Group Model Validation Centre of Excellence (CoE) within the Risk function, which oversees and validates various models, including the Solvency UK Internal Model. A bit about the job: You will provide expertise, thought design and execution of technical and non-technical aspects of model validation, with a particular focus on General Insurance models, including advanced analytics and GenAI You will contribute to the selection of validation approaches, techniques, tests and tools to perform appropriate oversight and independent in the model risk inventory, with particular focus on General Insurance models, including Advanced Analytics and AI models (e.g. Pricing, Reserving, Customer segmentation, Productivity enhancing models) You will also assist the Model Validation Heads in coordinating with model owners and reviewing Aviva Solvency UK Internal Model as needed You will act as an independent validator to execute, review, and report validation activities for group-wide material models. Support General Insurance, Advanced Analytics, and AI models. Oversee interactions with other risk teams on data ethics and IT related to Advanced Analytics and AI models The role primarily involves direct work within the Group Model Validation CoE, requiring cooperation with the Group risk team and other modelling and oversight resources. Engagement with model owners and other stakeholders (e.g., Regulatory, Internal/External Auditors) is essential for effective delivery of responsibilities Skills and experience we’re looking for: Experienced actuarial/risk management professional, ideally with experience on reviewing/challenging models, with particular emphasis on Reserving and pricing models (personal and commercial lines desirable) Some experience with advanced analytics and GenAI models, including their validation and oversight Desirable experience with machine learning techniques and their application in model validation Desirable understanding of Solvency UK rules and capital modelling Desirable qualified actuarial professional or equivalent with a risk management orientation 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. National salary circa £95,000, London salary circa £110,000, depending on location, skills, experience, and qualifications Bonus opportunity – 12% of annual salary actual amount depends on your performance and Aviva. 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 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 Guv Johal a call on 0750 008 7919 or send an email to Guv.Johal@aviva.com. We help our 19.5 million customers to save for the future and manage the risks of everyday life. To give these customers the best possible products and service we know we must make Aviva the most attractive choice for talented, entrepreneurial people with diverse backgrounds and an evolving range of expertise and insight. So, we’re passionate about helping our 23,000 people to do the best work of their lives, to enable them to make a positive difference to the lives of our customers.