Senior Capital Modelling Risk Analyst

AIG; London; On-site; GBP 50,000 - 90,000

Job description

Join us as a Senior Capital Modelling Risk Analyst with a focus on insurance risk to take your career to the next level with a global market leader.

Make your mark in Capital Modelling

Economic capital is of growing importance at AIG as part of use in capital and risk management, budgeting, strategy and pricing. It provides guidance on the trade-off between risk and return and informs risk-aware business decisions that support corporate objectives.

How you will create an impact

This role is an excellent opportunity to join a forward-thinking business with a focus on capital model calibration of Insurance Risk and the deployment of calibration assessments to support team operations and stakeholder business uses. The key risk areas of involvement are Non-Cat Reserve Risk, Premium Risk and Man-Made Cat Risk quantification, as inputs into AIG’s Group and Legal Entity capital models. We seek to embed a greater understanding of the quantification of volatility and risk with our business partners and this role will facilitate that outcome.

This role involves communication and collaboration with internal stakeholders, including Actuarial, Underwriting, ERM, and Finance.

Key Responsibilities:

• Quantification of Reserve and Premium Risks for a Property Casualty insurance company, including knowledge of mathematical methodologies for quantifying these risks and their measurement in practice.
• Man Made Cat modelling - review of scenario models from underwriting teams and third-party vendor models.
• Further develop and maintain in-house models used to measure these risks.
• Review methodologies and establish common standards for modelling across AIG’s various capital models, including the Group model and Legal Entity models used for Solvency II in UK and Europe.
• Communicate analysis framework and results to internal and external audiences.
• Develop and maintain documentation and testing relating to methods and analyses produced.
• Answer ad-hoc requests from the business regarding risk and capital analysis.
• Coach and manage junior staff, including regular review of their work.

What you'll need to succeed:

• Qualified Actuary or MSc in a quantitative field or equivalent preferred.
• 5+ years of experience in general insurance.
• Capital modelling experience strongly preferred.
• Knowledge of different lines of business and their characteristics and key risks.
• Good communication skills, both written and verbal.
• Excellent critical thinking and problem-solving skills.
• Experience using statistical programming languages, such as R, Python or Matlab.
• Experience using and coding in WTW Igloo for capital modelling is a plus.

Work Environment:

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Benefits:

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.

Company Overview:

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.

Culture of Inclusion:

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 inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). The talent 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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to [e-mail].

Functional Area:

RK - Risk AIG Europe (Services) Limited