Insurance Risk Manager

American International Group, Inc.
London
GBP 80,000 - 100,000
Job description

Join us as an Insurance Risk Manager to take your career to the next level with a global market leader. This is a fantastic opportunity for a Risk Manager who is looking for their next career move or for a Senior Risk Analyst ready to take a step up in their career in one of the most successful Lloyd's syndicates.

Make your mark in Talbot

With offices in London, the U.S. and Asia Pacific, Talbot is the managing agent of Syndicate 1183 and Syndicate 2019 at Lloyd's. Syndicate 1183 underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, transport, political risk, crisis management, kidnap and ransom, contingency and property. Syndicate 2019 reinsures a portfolio of U.S. ultra-high net worth personal lines business. Through its expert team of underwriters and a balanced, geographically-diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance specialist.

How you will create an impact

  • Work collaboratively with stakeholders across the business to facilitate, monitor and report on the identification, assessment, monitoring and reporting of key insurance risks.
  • Support the embedding of the Underwriting Risk Target Operating Model including facilitating Business Unit Risk & Control Self Assessments and providing advice, guidance and reporting to the Aggregation Risk Committee.
  • Perform an annual review of TUL's insurance risk appetites to ensure they remain appropriate, providing challenge to the business where necessary.
  • Monitor TUL's underwriting and reserve risk exposures on a regular basis to ensure exposures remain within risk appetite.
  • Provide reporting to the TUL Board, Executive Committee and Management Committees.
  • Support the Head of Insurance Risk and TUL SMF 20 in the production and submission of the annual Actuarial Function Board Opinions and Regulatory Reports on Technical Provisions ("TP's"), Underwriting ("U/W") Policy, Reinsurance ("R/I") Arrangements and (Quantitative) Risk Management ("RM") in line with the requirements of Solvency II and Lloyd's Principles.
  • Perform an annual review of TUL's business plan, and any subsequent resubmissions.
  • Perform regular reviews of TUL's reserve risk in conjunction with the Chief Actuary and Reserving Team.
  • Monitor and record changes in the risk profile of the business, including the effectiveness of the control environment.
  • Assist in the completion of the Own Risk and Solvency Report, with particular focus on the Strategy, Business Plan, Stress & Scenario Testing, and Forward-Looking Capital and Solvency Assessment sections.
  • Provide expert advice and guidance to colleagues on risk management matters and foster good working relationships across the business with a view to fully embed effective risk management in the business and culture.
  • In collaboration with the Capital Modelling team, support the ongoing development and use of the Internal Model.

What you'll need to succeed
  • Significant experience as a Senior Risk Analyst or Risk Manager within the London insurance market.
  • Actuarial qualifications advantageous.
  • Highly motivated and a self-starter.
  • Very strong listening and communication skills.
  • Good negotiation and influencing skills.
  • Good knowledge of Microsoft PowerPoint, Word and Excel and databases.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
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